Market Newsdesk

Modernize Home Services Survey Highlights Increasing Aging in Place Demand for 2023

AUSTIN, Texas–(BUSINESS WIRE)–
Modernize Home Services, a reliable and trustworthy solution that thoughtfully connects homeowners with contractors for home improvement services, releases its third annual aging in place study findings from a recent survey of more than 4,000 homeowners actively seeking contractors through Modernize.com. This survey explores homeowners’ plans to invest in aging in place improvements for themselves or a loved one.

With more homeowners preferring to maintain their independence at home, Modernize explores their project preferences for home accessibility, security, and comfort. When choosing between moving to a retirement community or staying at home, many retirees prefer to remain at home. Aging in place allows older individuals to preserve their sense of familiarity, consistency, and convenience in the home. In this recent report, Modernize sheds light on how homeowners are preparing to age in place with data on home improvement projects they plan to pursue. Modernize can help these individuals complete aging in place home improvements with resources related to research, budgeting, contractor selection, installation, home safety features, or accessibility modifications.

75% of Surveyed Homeowners will Explore Aging in Place Projects This Year

Most surveyed homeowners plan to explore aging in place projects for themselves, or for someone they love, in the current year. This is up from 69% in 2021 and 68% in 2020. The majority of these respondents report they will research these home improvement projects for themselves within the next 12 months and 5% plan to do so for a loved one. Modernize offers a resource to help consumers assess whether aging in place makes sense in certain circumstances.

Planned Aging in Place Improvements

There are many projects homeowners can tackle to make their spaces safer and more secure. Surveyed homeowners expressed interest in various home improvements for different areas of their homes.

• 17% Walk-in tubs
  • 80.5% of these homeowners say they plan to remodel part, if not all, of their bathroom during the walk-in tub installation.
• 13% Medical alerts
• 12% Seat within shower
• 9% Non-slip flooring
• 8% Grab handles
• 6% Ramp to doorway
• 3% Wider hallways
• 29% Other

Long-term Homeowners Seek Aging in Place Solutions

Of the homeowners who expect to pursue projects, 38% have lived in their home for more than 20 years. Approximately 62% of homeowners have lived in their home for 20 years or less.

“Simple changes such as removing trip hazards or improving lighting may be done by homeowners themselves,” observes Cassie Morien, director of strategy and homeowner insights for Modernize. “Professional home improvement contractors are essential for complex projects like walk-in tubs, stair lifts, doorway enlargements, and bath or kitchen remodels. This study shows that many homeowners are forward-thinking as they prepare to remain in their homes as long as possible.”

Morien is available to discuss aging in place survey results in detail, including how the most recent data differs from past surveys and provide guidance on locating professional home improvement contractors.

Methodology

The survey was conducted on Modernize Home Services’ website from January 23 to February 1, 2023, with 4,278 respondents across the United States.

About Modernize Home Services

For more than 17 years, Modernize Home Services has been a leader in the home improvement and services industry, connecting homeowners with contractors and other home services professionals. Modernize operates in more than 15 high-value, high-consideration home segments, including new and replacement windows, solar installation, roofing, heating and air conditioning, siding, bathrooms and kitchens, new and replacement gutters, home security, and others. The business brings a network of more than 1,000 contractors and professionals across all segments, offering broad geographical coverage and choice for homeowners.

Modernize Home Services is owned and operated by QuinStreet, Inc. (Nasdaq: QNST), a leader in providing performance marketplace technologies and services to the financial services and home services industries. QuinStreet is a pioneer in delivering online marketplace solutions to match searchers with brands in digital media. The company is committed to providing consumers with the information and tools they need to research, find and select the products and brands that meet their needs. Modernize.com is a member of QuinStreet’s expert research and publishing division.

Twitter: https://twitter.com/Modernize

Facebook: https://www.facebook.com/modernizehome/

Instagram: https://www.instagram.com/modernizehome/?hl=en

View source version on businesswire.com: https://www.businesswire.com/news/home/20230223005971/en/

Jacqueline Leppla

Senior Director of Brand Marketing

QuinStreet, Inc

Direct +1 650 578-7609

Email: [email protected]

LinkedIn

KEYWORDS: Texas United States North America

INDUSTRY KEYWORDS: Construction & Property Medical Devices Women Seniors Interior Design Building Systems Health Consumer Residential Building & Real Estate

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Richardson Healthcare expands CT modality coverage with replacement CT Tube

Addus HomeCare to Participate in Oppenheimer 33^rd Annual Healthcare Conference

FRISCO, Texas–(BUSINESS WIRE)–
Addus HomeCare Corporation (Nasdaq: ADUS), a provider of home care services, today announced that Dirk Allison, Chairman, President and Brian Poff, Executive Vice President and Chief Financial Officer, will participate in the Oppenheimer 33^rd Annual Healthcare Conference on March 14, 2023.

In connection with the virtual conference, there will be a live broadcast and replay of the Company’s presentation available under the Investor Relations section of the Company’s website, www.addus.com, starting at 9:20 a.m. Eastern Time / 8:20 a.m. Central Time on Tuesday, March 14, 2023. An online replay will also be available on the Company’s website for one month, beginning approximately one hour following the conclusion of the live broadcast.

About Addus HomeCare

Addus HomeCare is a provider of home care services that primarily include personal care services that assist with activities of daily living, as well as hospice and home health services. Addus HomeCare’s consumers are primarily persons who, without these services, are at risk of hospitalization or institutionalization, such as the elderly, chronically ill and disabled. Addus HomeCare’s payor clients include federal, state and local governmental agencies, managed care organizations, commercial insurers and private individuals. Addus HomeCare currently provides home care services to approximately 46,500 consumers through 202 locations across 22 states. For more information, please visit www.addus.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230228005676/en/

Brian W. Poff

Executive Vice President,

Chief Financial Officer

Addus HomeCare Corporation

(469) 535-8200

[email protected]

Dru Anderson

CCI FINN Partners

(615) 324-7346

[email protected]

KEYWORDS: United States North America Texas

INDUSTRY KEYWORDS: Managed Care General Health Health Other Health

MEDIA:

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ServisFirst Bancshares Ranks 15^th on Forbes 2023 America’s Best Banks List

 

BIRMINGHAM, Ala.–(BUSINESS WIRE)–ServisFirst Bank, a subsidiary of ServisFirst Bancshares (NYSE:SFBS), announces that it has been ranked 15^th on the 2023 Forbes America’s Best Banks list. Forbes looks at growth, credit quality, and profitability to rank the 100 largest publicly traded banks, by assets, and then ranks them from best to worst. This is Forbes’ 14^th annual America’s Best Banks list.

“ServisFirst Bank is honored to be included on Forbes America’s Best Banks list,” states Tom Broughton, ServisFirst Bank Chairman, President and CEO. “We are extremely proud to be recognized on a list that sets the precedent for banks in the United States, and we are excited to continue our growth and profitability in 2023.”

Companies do not pay a fee for placement on Forbes Rankings. While S&P Global Market Intelligence provides the data, the rankings are done separately by Forbes.

For more information regarding this accomplishment or to speak to a representative of ServisFirst Bank, please contact Krista Conlin, [email protected]. For more about ServisFirst Bank, please visit www.servisfirstbank.com.

ABOUT SERVISFIRST BANK

ServisFirst Bank is a full-service commercial bank focused on commercial banking, correspondent banking, treasury management, private banking and the professional consumer market, emphasizing competitive products, state-of-the-art technology and a focus on quality service. Recently, the Bank announced its assets exceed $14 billion. The Bank offers sophisticated treasury management products, Internet banking, home mortgage lending, remote deposit express banking, and highly competitive rates.

ServisFirst Bank was formed in May 2005, and has offices in Atlanta, Birmingham, Charleston, Charlotte, Dothan, Huntsville, Mobile, Montgomery, Nashville, Northwest Florida, West Central Florida, and Western North Carolina. In April 2015, and annually thereafter, ServisFirst Bank has earned investment-grade ratings and a stable outlook from Kroll Bond Rating Agency (KBRA), which measures companies’ financial fundamentals. ServisFirst Bancshares, Inc. files periodic reports with the U.S. Securities and Exchange Commission (SEC). Copies of its filings may be obtained at www.servisfirstbancshares.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230228005425/en/

Krista Conlin, [email protected]

KEYWORDS: Alabama United States North America

INDUSTRY KEYWORDS: Finance Banking Accounting Professional Services Other Professional Services

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Archway Announces $15 million in Series A Funding to Bring a Modern Banking Platform to Community and Regional Banks

Archway’s Platform Seamlessly Integrates Modern Tech Across Web, Mobile, Voice, and AI to Deliver a Better Customer Experience

SEATTLE–(BUSINESS WIRE)–Archway announced the launch of its platform for banks to modernize and personalize digital customer interactions, backed by a funding round of $15 million led by Madrona and WaFd Bank. The more than 10,000 community and regional banks in the U.S. are critical elements to healthy regional economies, but they are hampered by the lack of technology to compete with their national and global counterparts. Archway’s platform enables banks to easily integrate their core banking products into the latest web, mobile, voice, and AI technologies. Centralizing the data from disparate systems allows banks to have a holistic view of their customers to serve their banking needs better.

“The consumer fintech revolution has reimagined what is possible for banks, but the technology is hard to build and expensive to integrate. Banking infrastructure is heavily regulated, and many banks have systems that work well for the business of running the bank but are not optimized for customer service, which puts the bank at a disadvantage,” said Dustin Hubbard, president of Archway. “With a cloud-native approach, we are abstracting the complexity for banks and enabling them to easily integrate the technologies their consumers want.”

“In a world where consumers can bank anywhere and expect Uber- and Amazon-like banking experiences, the banking community needs a platform that can serve both the bank’s business needs and the needs and desires of its current and future customers,” said Steve Singh, Madrona managing director. “Archway has already proven its ability to build and deploy services that banks and consumers want, and we are excited to partner with the team to continue to build.” As part of the funding, Singh joins the Archway board of directors.

Archway first tackled the difficult problem confronting many of these banks — siloed data about their customers. By creating a datalake that provides a 360 view of each customer, banks can understand their customer base and serve them better. Another one of the early services launched is an integration with TalkDesk, a call center solution widely used in the banking industry, and Amazon’s Lex, a conversational AI service. Consumers can now call their bank, be recognized by voice, and quickly access account information. The Archway team is rolling out other integrations, including forecasting, loan processing, and other standard banking services.

Archway provides a single access point through an API to seamlessly connect a bank’s core internal technology stack to consumer-facing applications. These applications could be anything from budgeting apps to loan application workflows. Archway also helps banks consolidate and integrate their data safely, providing one source of truth for decision support and untangling the complexity of merging back-end systems.

Archway began as WaFd Bank’s Pike Street Labs. WaFd Bank CEO Brent Beardall and Archway Chairman Steve Singh recognized the need to build a robust technology layer that would ensure the continued growth of WaFd Bank. This thriving regional banking system spans eight states with more than 200 branches. The team recognized that the industry needs this solution across the U.S., in every community. Pike Street Labs has been up and running for 3.5 years, headed by Dustin Hubbard, a technology veteran with experience building complex back-end systems. Hubbard brought on a team and built the platform and first solutions deployed at WaFd Bank. Hubbard will now lead the team forward as Archway continues building its platform to support the modern consumer.

“At WaFd Bank, we have built personalized high-value banking relationships with our customers, be they real estate developers, manufacturers pursuing expansion loans, a small business managing the ebb and flow of income, students opening their first checking account, or a first-time home buyer looking for the right mortgage loan,” said Brent Beardall. “With Archway, we are doing that in a technology-first environment that enables the highest level of customer service and employee satisfaction. Technology can and should drive improved client experience, stronger controls, and more efficiency. I have heard from banks around the country that what we have started to build is the solution they have been looking for, and we are excited to back Dustin and the team as they roll out solutions for WaFd and other banks.”

About Archway

Archway is a modern banking platform connecting internal infrastructure and data used nationwide by more than 10,000 banking systems to the applications consumers use daily. The Archway platform enables regional and community banks to compete with their national and global competitors to serve their communities as a trusted banker and partner in business and life planning. www.archwaysoftware.com

About Madrona

Madrona (www.madrona.com) is a venture capital firm that invests in early stage to mid stage companies in the technology industry. With more than 25 years of investing in early stage technology companies, the firm has worked with founders from Day One to help build their company for the long run. Madrona manages over $3 billion and was an early investor in companies such as Amazon, Smartsheet, Rover, Nautilus, Redfin, and Snowflake.

About WaFd Bank

WaFd (NASDAQ: WAFD) is a regional bank established in 1917 with headquarters in Seattle, and more than 200 branches in eight western states, including Arizona, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, and Washington. WaFd is committed to delivering simple, straightforward banking solutions to its clients; helping build healthy, thriving communities; and investing in its employees. WaFd Bank is recognized by Newsweek magazine as one of the Best Banks in America over three years in a row, and one of America’s Best Employers by Forbes. For more information, visit wafdbank.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230228005316/en/

Erika Shaffer, [email protected] 206-972-5514

KEYWORDS: Washington United States North America

INDUSTRY KEYWORDS: Professional Services Data Management Data Analytics Technology Software Fintech Banking

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Posted on February 28, 2023 11:56 am

Enterprise Products Partners L.P. 2022 Form 10-K and 2022 Annual Investor Letter Now Available

Enterprise Products Partners L.P. 2022 Form 10-K and 2022 Annual Investor Letter Now Available

HOUSTON–(BUSINESS WIRE)–
Enterprise Products Partners L.P. (NYSE: EPD) today announced that it has filed the partnership’s Annual Report on Form 10-K for the year ended December 31, 2022 with the Securities and Exchange Commission. The report is available on the Enterprise website at www.enterpriseproducts.com. Hard copies of the report may be requested free of charge at https://ir.enterpriseproducts.com/notifications-requests. The 2022 Annual Investor Letter is also available on the Enterprise website under the Investors tab.

Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and marine terminals; crude oil gathering, transportation, storage and marine terminals; petrochemical and refined products transportation, storage and marine terminals; and a marine transportation business that operates on key U.S. inland and intracoastal waterway systems. The partnership’s assets currently include more than 50,000 miles of pipelines; over 260 million barrels of storage capacity for NGLs, crude oil, petrochemicals and refined products; and 14 billion cubic feet of natural gas storage capacity. Please visit www.enterpriseproducts.com for more information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230227005857/en/

Randy Burkhalter, Investor Relations, (713) 381-6812 or (866) 230-0745, [email protected]

Rick Rainey, Media Relations, (713) 381-3635, [email protected]

KEYWORDS: United States North America Texas

INDUSTRY KEYWORDS: Other Energy Maritime Utilities Oil/Gas Transport Alternative Energy Energy

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Tekla World Healthcare Fund Paid Distribution

BOSTON–(BUSINESS WIRE)–
On February 28, 2023, Tekla World Healthcare Fund paid a monthly distribution of $0.1167 per share. It is currently estimated that this distribution is derived from return of capital or other capital source. The composition of this and subsequent distributions may vary from month to month because it may be materially impacted by future realized gains and losses on securities. The aggregate of the net unrealized depreciation of portfolio securities and net realized losses on sale of securities is – $9,747,871, of which $4,297,773 represents net unrealized depreciation of portfolio securities.

The following table sets forth the estimated amounts of the current distribution, paid on February 28, 2023, and the cumulative distributions paid this fiscal year-to-date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital or other capital source. The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all the money that you have invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’. All amounts are expressed per common share.

	Current Distribution		Percentage Breakdown of Current Distribution		Total Cumulative Distributions for the Fiscal Year to Date1		Percentage Breakdown of the Total Cumulative Distributions for the Fiscal Year to Date1
Net Investment Income	$	0.0000	0	%	$	0.0172	3	%
Net Realized ST Cap Gains	$	0.0000	0	%	$	0.0000	0	%
Net Realized LT Cap Gains	$	0.0000	0	%	$	0.0000	0	%
Return of Capital or Other Capital Source	$	0.1167	100	%	$	0.5663	97	%
TOTAL (per common share):	$	0.1167	100	%	$	0.5853	100	%

The table below includes information relating to the Fund’s performance based on its NAV for certain periods.

Average annual return at NAV for the period January 31, 2018 January 31, 2023	7.39%
Annualized current distribution rate expressed as a percentage of NAV as of January 31, 2023	10.70%
Cumulative total return at NAV for the fiscal year, through January 31, 20232	11.97%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of January 31, 20231	4.46%

You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s managed distribution policy.

The amounts and sources of distributions reported in this press release are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Tekla World Healthcare Fund (NYSE: THW) is a closed-end fund that invests in companies in the healthcare industry.

Tekla Capital Management LLC, the Fund’s investment adviser, is a Boston, MA based healthcare-focused investment manager with approximately $3.2 billion of assets under management as of December 31, 2022. Tekla also serves as investment adviser to Tekla Healthcare Investors (NYSE: HQH), Tekla Life Sciences Investors (NYSE: HQL) and Tekla Healthcare Opportunities Fund (NYSE: THQ), closed-end funds that invest in companies in the healthcare and life sciences industries. Information regarding the Funds and Tekla Capital Management LLC can be found at www.teklacap.com.

Please contact Destra Capital Advisors, the Fund’s marketing and investor support services agent, at [email protected] or call (877) 855-3434 if you have any questions regarding THW.

1		The Fund’s current fiscal year began on October 1, 2022.
2		Cumulative total return at NAV is the percentage change in the Fund’s NAV and includes all distributions and assumes the reinvestment of those distributions for the period of September 30, 2022 through January 31, 2023.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20230228006080/en/

Destra Capital Advisors

[email protected]

(877) 855-3434

KEYWORDS: Massachusetts United States North America

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

Posted on February 28, 2023 11:55 am

Tekla Healthcare Opportunities Fund Paid Distribution

Tekla Healthcare Opportunities Fund Paid Distribution

BOSTON–(BUSINESS WIRE)–
On February 28, 2023, Tekla Healthcare Opportunities Fund paid a monthly distribution of $0.1125 per share. It is currently estimated that this distribution is derived from net realized short-term capital gains, net realized long-term capital gains and return of capital or other capital source. The composition of this and subsequent distributions may vary from month to month because it may be materially impacted by future realized gains and losses on securities. The aggregate of the net unrealized appreciation of portfolio securities and net realized gains on sale of securities is $114,076,680 of which $108,380,701 represents net unrealized appreciation of portfolio securities.

The following table sets forth the estimated amounts of the current distribution, paid on February 28, 2023, and the cumulative distributions paid this fiscal year-to-date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital or other capital source. The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all the money that you have invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’. All amounts are expressed per common share.

	Current Distribution	Percentage Breakdown of Current Distribution	Total Cumulative Distributions for the Fiscal Year to Date1	Percentage Breakdown of the Total Cumulative Distributions for the Fiscal Year to Date1
Net Investment Income	$0.0000	0%	$0.0041	1%
Net Realized ST Cap Gains	$0.0412	37%	$0.0896	16%
Net Realized LT Cap Gains	$0.0096	8%	$0.0983	17%
Return of Capital or Other Capital Source	$0.0617	55%	$0.3705	66%
TOTAL (per common share):	$0.1125	100%	$0.5625	100%

The table below includes information relating to the Fund’s performance based on its NAV for certain periods.

Average annual return at NAV for the period from January 31, 2018 through January 31, 2023	9.14%
Annualized current distribution rate expressed as a percentage of NAV as of January 31, 2023	6.15%
Cumulative total return at NAV for the fiscal year, through January 31, 20232	11.07%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of January 31, 20231	2.56%

You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s managed distribution policy.

The amounts and sources of distributions reported in this press release are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Tekla Healthcare Opportunities Fund (NYSE: THQ) is a closed-end fund that invests in companies in the healthcare industry.

Tekla Capital Management LLC, the Fund’s investment adviser, is a Boston, MA based healthcare-focused investment manager with approximately $3.2 billion of assets under management as of December 31, 2022. Tekla also serves as investment adviser to Tekla Healthcare Investors (NYSE: HQH), Tekla Life Sciences Investors (NYSE: HQL) and Tekla World Healthcare Fund (NYSE: THW), closed-end funds that invest in companies in the healthcare and life sciences industries. Information regarding the Funds and Tekla Capital Management LLC can be found at www.teklacap.com.

Please contact Destra Capital Advisors, the Fund’s marketing and investor support services agent, at [email protected] or call (877) 855-3434 if you have any questions regarding THQ.

1	The Fund’s current fiscal year began on October 1, 2022.
2	Cumulative total return at NAV is the percentage change in the Fund’s NAV and includes all distributions and assumes the reinvestment of those distributions for the period of September 30, 2022 through January 31, 2023.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20230228006078/en/

Destra Capital Advisors

[email protected]

(877) 855-3434

KEYWORDS: United States North America Massachusetts

INDUSTRY KEYWORDS: Banking Other Professional Services Professional Services Finance

MEDIA:

Posted on February 28, 2023 11:54 am

Sarissa Capital Wins Proxy Contest Against Amarin by Huge Landslide

Sarissa Capital Wins Proxy Contest Against Amarin by Huge Landslide

Sarissa honored to have received 100 million more votes than Amarin board

GREENWICH, Conn.–(BUSINESS WIRE)–
Sarissa Capital Management LP today issued the following statement regarding Amarin Corporation plc (NASDAQ: AMRN):

Amarin shareholders have sent a loud and clear message repudiating the incumbent Amarin board. Sarissa thanks fellow shareholders for their support in a resounding victory against the Amarin board. Our estimate is that up to nearly 80% of shareholder votes were in support of Sarissa. As Amarin’s largest shareholder, we are grateful for the opportunity to remake Amarin for the benefit of all shareholders.

Vascepa, the foundation on which Amarin is built, is a tremendous drug that is compelling for patients and payors – a unique proposition for a drug. While there is a lot of work to be done, we remain confident in our ability to leverage Vascepa’s rare and highly beneficial profile to unlock tremendous value for all shareholders.

LET’S GET TO WORK AND FINALLY BEGIN RUNNING AMARIN FOR THE BENEFIT OF ALL SHAREHOLDERS!

Additional Information

Sarissa Capital Management LP (“Sarissa Capital”), together with other participants, filed a definitive proxy statement and an accompanying blue proxy card with the SEC on January 31, 2023, in connection with the solicitation of shareholders of Amarin Corporation plc (the “Company”) at the general meeting of the Company for the election of Sarissa Capital’s slate of highly-qualified nominees (the “General Meeting”). Shareholders are advised to read the definitive proxy statement and other relevant documents related to the General Meeting as they contain important information.

The definitive proxy statement and other relevant documents are available at no charge on the SEC’s website at www.sec.gov and at www.freeamarin.com. The definitive proxy statement and other relevant documents are also available at no charge by directing a request to Sarissa Capital’s proxy solicitor, D.F. King & Co., Inc., 48 Wall Street, New York, New York 10005 (Shareholders can call toll-free: (800) 331-7024).

View source version on businesswire.com: https://www.businesswire.com/news/home/20230228005961/en/

Dayna Packes

Sarissa Capital Management LP

[email protected]

#FreeAmarin

KEYWORDS: Connecticut United States North America

INDUSTRY KEYWORDS: Professional Services Health Finance Banking Pharmaceutical Biotechnology

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Posted on February 28, 2023 11:53 am

Amarin Announces Preliminary Voting Results Following 2023 General Meeting of Shareholders

DUBLIN, Ireland and BRIDGEWATER. N.J., Feb. 28, 2023 (GLOBE NEWSWIRE) — Amarin Corporation plc (NASDAQ: AMRN) (“Amarin” or the “Company”) today announced that, based on the preliminary voting results provided by its proxy solicitors following the Company’s 2023 General Meeting of Shareholders (the “General Meeting”), Amarin shareholders have voted to elect all seven of Sarissa’s nominees and remove Per Wold-Olsen as Chairman of the Board of Directors, effective immediately.

Amarin’s reconstituted Board will be expanded to 15 directors – Adam Berger, Patrice Bonfiglio, Paul Cohen, Mark DiPaolo, Erin Enright, Keith Horn, Jan van Heek, Odysseas Kostas, Karim Mikhail, Geraldine Murphy, Kristine Peterson, Louis Sterling, Dr. Murray Stewart, Diane Sullivan and Alfonso “Chito” Zulueta. The Board will appoint a new Chairman in due course.

Amarin issued the following statement:

Amarin appreciates the engagement with our shareholders, as well as the valuable insights and perspectives they have shared throughout this process.

While we sought a different outcome, the Board and management team remain focused on executing Amarin’s strategy, particularly at this critical juncture with ongoing pricing and reimbursement negotiations in Europe, International expansion efforts and continued stabilization of our U.S. business, to deliver near- and long-term value. We will work constructively with the newly elected directors toward these shared goals.

We thank Per Wold-Olsen for his unwavering leadership, dedication and oversight during his tenure on the Board and while serving as Chairman.

The election results announced today are considered preliminary until final results are tabulated and certified by the independent Inspector of Elections. Final results will be reported on a Form 8-K that will be filed with the Securities and Exchange Commission.

Advisors

J.P. Morgan is acting as financial advisor. Ropes & Gray LLP and Goodwin Procter LLP are acting as legal advisors to the Company.

About Amarin

Amarin 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.

Forward-Looking Statements

This 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’s filings with the U.S. Securities and Exchange Commission, including Amarin’s annual report on Form 10-K for the full year ended 2021, and Amarin’s quarterly reports on Form 10-Q for the quarters ended March 31, 2022, June 30, 2022, and September 30, 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’s 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.

Amarin Contact Information

Investor Inquiries:
Lisa DeFrancesco
Investor Relations Amarin Corporation plc
[email protected] (investor inquiries)

Media Inquiries:
Mark Marmur
Corporate Communications, Amarin Corporation plc
[email protected] (media inquiries)

Or
Steve Frankel / Andi Rose / Tali Epstein
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449