Sarissa Capital Management LP Shows 6.06% Stake in Amarin Corp Plc (AMRN) - 13D

January 24, 2022 5:45 PM EST

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In a 13D filing on Amarin Corp Plc (NASDAQ: AMRN), Alex Denner's hedge fund Sarissa Capital Management LP disclosed a 6.06%, or 24,000,000 share, stake in the company.

From the filing:

The Reporting Persons believe the Shares are significantly undervalued. The Reporting Persons intend to engage in discussions with the Issuer and others regarding its investment in the Shares and ways to maximize the value of the Issuer’s assets.

On November 26, 2021, the Sarissa Funds acquired 150,000 and 100,000 Shares at approximately $3.69 and $3.63 per Share, respectively, in open market transactions, for an aggregate purchase price of $920,365.59.
On November 29, 2021, the Sarissa Funds acquired 665,000 and 485,000 Shares at approximately $3.58 and $3.55 per Share, respectively, in open market transactions, for an aggregate purchase price of $4,125,823.56.
On December 3, 2021, the Sarissa Funds acquired 250,000 Shares at approximately $3.53 per Share, in open market transactions, for an aggregate purchase price of $886,250.
On December 6, 2021, the Sarissa Funds acquired 258,000 Shares at approximately $3.57 per Share, in open market transactions, for an aggregate purchase price of $924,930.
On December 8, 2021, the Sarissa Funds acquired 242,000 Shares at approximately $3.58 per Share, in open market transactions, for an aggregate purchase price of $870,182.12.
On December 31, 2021, the Sarissa Funds acquired 150,000 and 100,000 Shares at approximately $3.36 and $3.37 per Share respectively, in open market transactions, for an aggregate purchase price of $846,319.05.
On January 6, 2022, the Sarissa Funds acquired 150,000 and 150,000 Shares at approximately $3.18 and $3.42 per Share respectively, in open market transactions, for an aggregate purchase price of $996,289.02.
On January 13, 2022, the Sarissa Funds acquired 925,000 Shares at approximately $3.46 per Share, in open market transactions, for an aggregate purchase price of $3,221,590.
On January 14, 2022, the Sarissa Funds acquired 32,000 Shares at approximately $3.39 per Share, in open market transactions, for an aggregate purchase price of $109,120.
On January 18, 2022, the Sarissa Funds acquired 2,500,000 and 100,000 Shares at approximately $3.40 and $3.36 per Share respectively, in open market transactions, for an aggregate purchase price of $8,900,840.
On January 19, 2022, the Sarissa Funds acquired 100,000 Shares at approximately $3.33 per Share, in open market transactions, for an aggregate purchase price of $334,660.
On January 20, 2022, the Sarissa Funds acquired 30,000 Shares at approximately $3.20 per Share, in open market transactions, for an aggregate purchase price of $96,561.
On January 21, 2022, the Sarissa Funds acquired 300,000 Shares at approximately $3.14 per Share, in open market transactions, for an aggregate purchase price of $948,480.
On January 24, 2022, the Sarissa Funds acquired 463,000 Shares at approximately $2.93 per Share, in open market transactions, for an aggregate purchase price of $1,366,729.70.

The Reporting Persons will continue to review their investment on an ongoing basis and reserve the right to, from time to time and at any time: (i) acquire additional Shares and/or other equity, debt, notes, instruments or other securities (collectively, “Securities”) of the Issuer in the open market or otherwise; (ii) dispose of any or all of their Securities in the open market or otherwise; or (iii) engage in any hedging or similar transactions with respect to the Securities.

For more notable holders of Amarin Corp Plc stock click here.



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