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Amarin (NASDAQ:AMRN), through its wholly owned subsidiary Crosicano II Designated Activity Company, exercises its option to exchange all of the outstanding $30M of its 3.50% January 2017 Exchangeable Senior Notes due 2047 into American Depositary Shares (ADSs) at ~$3.89 per ADS (257.2016 ADSs per $1,000 principal amount of the Notes). The aggregate number of ADSs issued will be 7,716,048.
The mandatory exchange will be effective on November 2.
Today’s close was $19.71.
Shares are down a fraction after hours.
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