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Subsequent Event | 6 Months Ended
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Jun. 30, 2013
Subsequent Event |
(9) | Subsequent Event
On July 9, 2013, at the Company’s annual general meeting of shareholders, a special shareholder resolution was adopted, as proposed by the Company, approving an amendment to the Company’s Articles of Association to remove a limitation on borrowing applicable to the Company. Accordingly, such limitation on borrowing has been removed from the Company’s Articles of Association and is no longer in effect. On July 12, 2013, the Company completed a public offering of 21,700,000 ADSs. The underwriters purchased the ADSs from Amarin at a price of $5.60 per ADS, resulting in net proceeds to Amarin of approximately $121.1 million, after deducting estimated offering expenses payable by the Company. Amarin has also granted the underwriters a 30-day option to purchase an additional 3,255,000 ADSs. The stated use of proceeds in connection with this offering were as follows: primarily to continue the commercial launch of Vascepa capsules in the MARINE indication, prepare for and commercially launch Vascepa in the ANCHOR indication, if approved, advance the Company’s REDUCE-IT cardiovascular outcomes trial, and for general corporate and working capital purposes.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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