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Transformation Underway with Strong Early Progress Advancing Geographic Expansion and Operational and Financial Excellence\nUnderscores Sarissa\u2019s Misguided Proxy Contest \u2013 Sarissa Has No Plan or New Ideas and Slate is Underqualified\nCompany Launches www.voteamarin.com, Featuring Videos with Chairman, Per Wold-Olsen, and CEO, Karim Mikhail and Providing Additional Information for Shareholders\nDUBLIN, Ireland and BRIDGEWATER. N.J., Jan. 31, 2023 (GLOBE NEWSWIRE) -- Amarin Corporation plc (NASDAQ: AMRN) (\u201cAmarin\u201d or the \u201cCompany\u201d) today announced that it has filed definitive proxy materials with the Securities and Exchange Commission (\u201cSEC\u201d) in connection with its upcoming General Meeting of Shareholders scheduled to be held on February 28, 2023. Shareholders of record as of January 23, 2023, will be entitled to vote at the meeting.\nIn conjunction with the definitive proxy filing, Amarin has mailed a letter to the Company\u2019s shareholders and launched a new campaign website, www.voteamarin.com, featuring videos with the Company\u2019s Chairman of the Board, Per Wold-Olsen, and Chief Executive Officer, Karim Mikhail. Amarin\u2019s definitive proxy materials and other materials regarding the Board of Directors\u2019 recommendation for the General Meeting can be found at www.voteamarin.com.\nThe full text of the letter being mailed to shareholders follows:\nDear Shareholder,\nYour refreshed Board of Directors has one clear priority: enhancing the value of your investment in Amarin in the short- and long-term. The last 18 months have been a story of transformation. When Karim Mikhail was appointed as CEO in August 2021, Amarin was at the height of its challenges \u2013 from generic competition to operational missteps.\nChange was needed; we acted with urgency to address Amarin\u2019s challenges in a fast-moving market. We have a new leadership team with European commercial launch expertise and we instilled greater financial discipline across the organization. Coupled with our refreshed Board to match the current needs of the Company, we are on our way to becoming a global, diversified cardiometabolic player, which we believe will drive significant long-term shareholder value. This is the NEW AMARIN.\nSarissa Capital Management \u2013 an activist hedge fund \u2013 has called a General Meeting in an attempt to remove our newly appointed Board Chair and nearly double the size of the Amarin Board with seven of its own hand-picked candidates, three of whom are employees of Sarissa itself. We are asking you to support Amarin\u2019s strategy to maximize shareholder value and vote \u201cAGAINST\u201d all of Sarissa\u2019s resolutions on the WHITE proxy card for three reasons:\nWe ask you a simple question: Would you rather have a new and proven team with a clear strategy and a commitment to increasing shareholder value, or risk distraction, disruption and ultimately, destruction of the Company's value by a single shareholder?\nPlease follow the instructions on the enclosed WHITE proxy card and vote by telephone, internet or mail. For ADS holders, the deadline to submit your vote is 3 PM GMT (10 AM ET) on February 22, 2023, and for holders of ordinary shares, the deadline is 3 PM GMT (10 AM ET) on February 24, 2023.\nScan this QR code to hear directly from our leadership and submit your questions. We will answer the most frequently asked questions in the coming weeks.\nThe NEW Amarin is Successfully Transforming into a Global, Diversified Cardiometabolic Player\nToday, we are the NEW Amarin. 70% of the executive leadership team is new, appointed since Mr. Mikhail was named President and CEO, including a new Chief Financial Officer and head of our European business. This team has collectively launched more than 25 cardiovascular and related products in over 45 different markets.\nOur Board and leadership team have designed and are executing a strategy to improve results and drive a new, profitable and sustainable path forward. We are focused on three key pillars: geographic expansion, operational and financial excellence and portfolio diversification. We are making tangible progress \u2013 which started well before Sarissa\u2019s initial investment \u2013 and we believe that our recent results demonstrate that our strategy is working and has laid the groundwork for a transformational 2023.\nWhere is Amarin headed? We are focused on becoming a global, diversified cardiometabolic player. In Europe, we expect several new reimbursement decisions and subsequent launches in key markets to occur in 2023, and we expect to enter 20 markets outside of Europe by the end of 2024. We are at a critical juncture in our transformation \u2013 it is imperative that the right team and the right Board shepherd us through this period. We are executing on multiple facets of our strategy, including:\nYour Board Already Has Fresh Perspectives to Drive Shareholder Value\nAs the Company began its transformation plan, we knew that our Board had to dramatically change with Amarin. In October 2021, the Board engaged a leading independent, global search firm to initiate a refreshment process. The search firm cast a wide net to identify independent candidates with the experience to maximize Amarin\u2019s current opportunities. The process has resulted in the appointment of six new independent directors since 2022, including Mr. Wold-Olsen.\nWe considered more than 30 candidates against clear selection criteria, including expertise in:\nCollectively, your directors have a total of more than 260 years of expertise in these critical areas. Our substantial corporate governance changes include appointing a new Chair of the Board and new Chairs of all three Board committees.\nIn particular, Per Wold-Olsen, your independent Chairman, is critical to our success. Per Wold-Olsen is an internationally recognized pharma executive who served at Merck for more than 30 years and 10 years as a member of Merck\u2019s executive leadership team. Since his time at Merck, Mr. Wold-Olsen has served as a Board member of some of the world\u2019s most prestigious pharma companies, including Gilead Sciences, and is currently Chairman of Oncopeptides and Chairman of The Great Nordic Company. He also served as a Board member of Novo Holdings, one of the world\u2019s largest and premier healthcare investors, and currently serves as Chair of its Advisory Committee.\nWe believe Mr. Wold-Olsen has unmatched ability to oversee growth and transformations, successfully launch new products in the European market and influence key global health policies \u2013 all of which are critical aspects of Amarin\u2019s business and key focus areas for the Company today.\nSarissa is NOT the Answer: It Has No Plan, No New Ideas and Its Director Slate is Underqualified\nSarissa is tapping into shareholder frustration, but not providing any answers or plans. Ask yourself: what has Sarissa specifically proposed to increase shareholder value? The answer is: Nothing.\nSarissa\u2019s playbook is to try to sell companies. Our Board understands its fiduciary responsibilities and is certainly open to considering M&A if a party made a bona fide offer. Our focus is on driving shareholder value creation through the execution of our turnaround strategy, which is in the early stages. If, and when, there is a real opportunity to maximize value for Amarin shareholders, this Board will not hesitate to do the right thing. Amarin\u2019s directors have a vested interest in the Company and are directly aligned with shareholder interests to maximize value.\nSarissa\u2019s seven candidates, three of whom are Sarissa employees, collectively lack critical understanding of operating a pharma company and have minimal experience with European drug launches, and International commercial expertise.\nContrary to Sarissa\u2019s misrepresentation of the facts, Amarin has maintained good faith engagement efforts since Day 1. We cannot say the same for Sarissa.\nSarissa\u2019s actions have been disruptive, not constructive. In the absence of any new ideas, Sarissa will only disrupt the clear progress underway and risk our ability to deliver short- and long-term value for you.\nWe urge you to use the enclosed WHITE proxy card and vote today \u201cAGAINST\u201d all resolutions to be proposed at the General Meeting. Please do not vote using any blue proxy card you may receive from Sarissa. Any vote on the blue proxy card will revoke your prior vote on a WHITE proxy card, and only your latest-dated proxy counts.\nWe have a common goal: transforming Amarin and increasing the stock price. The current Amarin Board is the right Board to accomplish this goal at this time.\nThank you for your support.\nAdvisors\nJ.P. Morgan is acting as financial advisor. Ropes & Gray LLP and Goodwin Procter LLP are acting as legal advisors to the Company.\nAbout Amarin\nAmarin is an innovative pharmaceutical company leading a new paradigm in cardiovascular disease management. From our foundation in scientific research to our focus on clinical trials, and now our commercial expansion, we are evolving and growing rapidly. Amarin has offices in Bridgewater, New Jersey in the United States, Dublin in Ireland, Zug in Switzerland, and other countries in Europe as well as commercial partners and suppliers around the world. We are committed to increasing the scientific understanding of the cardiovascular risk that persists beyond traditional therapies and advancing the treatment of that risk.\nForward-Looking Statements\nThis press release contains forward-looking statements which are made pursuant to U.S. federal securities law. These forward-looking statements are not promises or guarantees and involve substantial risks and uncertainties. A further list and description of these risks, uncertainties and other risks associated with an investment in Amarin can be found in Amarin\u2019s filings with the U.S. Securities and Exchange Commission, including Amarin\u2019s annual report on Form\u00a010-K\u00a0for the full year ended 2021, and Amarin\u2019s quarterly reports on Form\u00a010-Q\u00a0for the quarters ended March\u00a031, 2022, June\u00a030, 2022, and September\u00a030, 2022, and its other filings. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Amarin undertakes no obligation to update or revise the information contained in its forward-looking statements, whether as a result of new information, future events or circumstances or otherwise. Amarin\u2019s forward-looking statements do not reflect the potential impact of significant transactions the company may enter into, such as mergers, acquisitions, dispositions, joint ventures or any material agreements that Amarin may enter into, amend or terminate.\nAmarin Contact Information\nOr\nSteve Frankel / Andi Rose / Tali EpsteinJoele Frank, Wilkinson Brimmer Katcher212-355-4449\n\nSource: GlobeNewswire Inc.\n", + "timestamp_ms": 1675171440000, + "published_utc": "2023-01-31T13:24:00Z", + "article_url": "https://www.globenewswire.com/news-release/2023/01/31/2598450/18362/en/Amarin-Files-Definitive-Proxy-Materials-and-Mails-Letter-to-Shareholders.html", + "label_type": [ + "[1][c] Company-Specific News", + "[2][b] Stock Recommendations" + ], + "label_time": [ + "[2][a] Real-Time Market Developments", + "[3][a] Short-Term Outlook (Next 3\u20136 months)" + ], + "label_sentiment": [ + "[1][b] Growth-Oriented" + ] + }, + "trend": { + "input_percentage_change": 40.5461375589099, + 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