Healthcare Mergers, Acquisitions & Ventures Week
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Amarin Corporation Plc
Amarin Provides Business Update and Announces Implementation of Reverse Stock Split
February 2nd, 2008
Amarin Corporation plc (NASDAQ: AMRND) announced that, at a General Meeting held yesterday, its shareholders approved a 1 for 10 reverse split of each of its Ordinary Shares. The reverse split became effective as of the close of business yesterday, January 17, 2008. Thomas Lynch, Amarin Chairman and Chief Executive Officer, commented "We are very pleased to report that over 95% of the votes cast by our shareholders approved the one-for-ten reverse stock split. We have made good progress in recent months expanding our management team and broadening our pipeline and look forward to executing on our strategy which we believe will drive shareholder value in 2008." ...
Source: Healthcare Mergers, Acquisitions & Ventures Week (2008-02-02)
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