As filed with the Securities and Exchange Commission on July 29, 2020
Registration No. 333-200777
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
POST-EFFECTIVE AMENDMENT NO. 1 TO
FORM S-8 REGISTRATION STATEMENT NO. 333-179545
FORM S-8 REGISTRATION STATEMENT NO. 333-184621
FORM S-8 REGISTRATION STATEMENT NO. 333-200777
FORM S-8 REGISTRATION STATEMENT NO. 333-214952
FORM S-8 REGISTRATION STATEMENT NO. 333-226359
UNDER
THE SECURITIES ACT OF 1933
ALKERMES PUBLIC LIMITED COMPANY
(Exact name of registrant as specified in its charter)
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Ireland |
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98-1007018 |
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(State or other jurisdiction of incorporation or organization) |
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(I.R.S. Employer Identification No.) |
Connaught House
1 Burlington Road
Dublin 4, Ireland D04 C5Y6
(Address of principal executive offices)
ALKERMES PLC 2018 STOCK OPTION AND INCENTIVE PLAN, AS AMENDED
ALKERMES PLC 2011 STOCK OPTION AND INCENTIVE PLAN, AS AMENDED
ALKERMES PLC AMENDED AND RESTATED 2008 STOCK OPTION AND INCENTIVE PLAN
(Full title of the plan)
David J. Gaffin, Esq.
Alkermes plc
Connaught House
1 Burlington Road
Dublin 4, Ireland D04 C5Y6
(Name and address of agent for service)
Telephone: +353-1-772-8000
(Telephone number, including area code, of agent for service)
Please send copies of all communications to:
Mitchell S. Bloom, Esq.
Robert E. Puopolo, Esq.
Goodwin Procter LLP
100 Northern Avenue
Boston, MA 02210
Telephone: 617-570-1000
and
Christopher McLaughlin
Arthur Cox, Ten Earlsfort Terrace, Dublin 2, D02 T380, Ireland
Telephone: +353 1 920 1000
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
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Large accelerated filer ☒ |
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Accelerated filer ☐ |
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Non-accelerated filer ☐ |
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Smaller reporting company ☐ Emerging growth company ☐ |
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐
EXPLANATORY NOTE
Alkermes plc (the “Registrant”) is filing this Post-Effective Amendment No. 1 (this “Post-Effective Amendment”) to the Registrant’s registration statements on Form S-8 (File Nos. 333-179545, 333-184621, 333-200777, 333-214952 and 333-226359) as filed with the Securities and Exchange Commission (the “Commission”) on February 16, 2012, October 26, 2012, December 5, 2014, December 7, 2016 and July 26, 2018, respectively (collectively, the “Prior Registration Statements”). The Prior Registration Statements registered Ordinary Shares, par value $0.01 per share, of the Registrant (the “Shares”) for issuance under, among other plans, the Alkermes plc Amended and Restated 2008 Stock Option and Incentive Plan (the “2008 Plan”) and the Alkermes plc 2011 Stock Option and Incentive Plan, as amended (the “2011 Plan” and, together with the 2008 Plan, the “Prior Plans”).
Pursuant to the terms of the Alkermes plc 2018 Stock Option and Incentive Plan, as most recently amended by the Registrant’s shareholders on May 20, 2020 (the “Approval Date,” and the plan as so amended, the “2018 Plan”), from and after the Approval Date, the maximum number of Shares that may be issued under the 2018 Plan is equal to the sum of: (i) 9,600,000 Shares (which Shares were previously registered under registration statements on Form S-8 filed on July 26, 2018 (File No. 333-226359) and July 25, 2019 (File No. 333-232831)), (ii) 10,000,000 new, not previously registered Shares (which Shares are being registered concurrently with this Post-Effective Amendment on a new registration statement on Form S-8), (iii) the number of Shares that remained available for grant under the 2011 Plan as of the Approval Date (which Shares ceased to be available for grant under the 2011 Plan as of the Approval Date) (such Shares, the “2011 Plan Available Shares”) and (iv) the number of Shares underlying any outstanding awards granted under the Prior Plans that are forfeited, canceled, repurchased or otherwise terminated (other than by exercise) after the Approval Date, as such Shares may become available from time to time (such Shares, the “Prior Plans Returning Shares”).
In accordance with Item 512(a)(1)(iii) of Regulation S-K and Securities Act Forms Compliance and Disclosure Interpretation 126.43, this Post-Effective Amendment is hereby filed to provide that the Prior Registration Statements will also cover, as applicable, the issuance of the 2011 Plan Available Shares under the 2018 Plan and the issuance of the Prior Plans Returning Shares under the 2018 Plan, as and when such Shares become Prior Plans Returning Shares, under the 2018 Plan.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents are hereby incorporated by reference into this Post-Effective Amendment (other than portions of those documents furnished or otherwise not deemed to be filed but including XBRL-related documents furnished or filed as exhibits with the Form 10-K and Forms 10-Q listed below):
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(i) |
The Registrant’s Annual Report on Form 10-K for the year ended December 31, 2019; |
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(ii) |
The Registrant’s Quarterly Reports on Form 10-Q for the three months ended March 31, 2020 and June 30, 2020; |
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(iii) |
The Registrant’s Current Report on Form 8-K filed with the Commission on May 20, 2020; and |
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(iv) |
The Description of Securities filed as Exhibit 4.1 to the Registrant’s Annual Report on Form 10-K for the year ended December 31, 2019. |
All documents that the Registrant subsequently files pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act of 1934, as amended, prior to the filing of a post-effective amendment which indicates that all securities offered herein have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be part hereof from the date of filing such documents. Any statement contained herein or in a document incorporated by reference or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Post-Effective Amendment to the extent that such statement is modified or superseded by any other subsequently filed document which is incorporated or is deemed to be incorporated by reference herein. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Post-Effective Amendment.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Not applicable.
Item 6. Indemnification of Directors and Officers.
The Irish Companies Act 2014 permits a company to pay the costs or discharge the liability of a director or the company secretary only where favorable judgment is given in any civil or criminal action in respect of such costs or liability, or where an Irish court grants relief because the director or company secretary acted honestly and reasonably and ought fairly to be excused. This restriction does not apply to executives who are not directors or the secretary of the Registrant. Any provision which seeks to indemnify a director or secretary of an Irish company over and above this shall be void under Irish law, whether contained in such company’s articles of association or any contract between the director or company secretary and such company.
Pursuant to the Registrant’s articles of association, the Registrant will indemnify its officers, directors and company secretary to the fullest extent permitted by law against liabilities that are incurred by the officers, directors and company secretary while executing the duties of their respective offices. Under the articles of association of the Registrant, the Registrant’s officers, directors and company secretary, however, will not be entitled to indemnification by the Registrant if they are adjudged to be liable for fraud or dishonesty in the performance of their duties to the Registrant.
The directors, secretary, and executive officers of the Registrant, and certain directors and executive officers of certain of its subsidiaries, including Alkermes, Inc., are entitled to be indemnified pursuant to indemnification agreements with the Registrant and/or Alkermes, Inc. Under the terms of these indemnification agreements, the Registrant and/or Alkermes, Inc., as applicable, indemnifies each relevant director, secretary, or executive officer to the maximum extent permitted by law for expenses actually and reasonably incurred by the director, secretary, or executive officer in relation to claims, brought against such director, secretary, or executive officer, that arise from actions taken while acting as a director, secretary, or executive officer of the Registrant and/or its subsidiaries, except to the extent that such indemnification is prohibited by applicable law or would be duplicative of amounts otherwise actually provided to such director, secretary, or executive officer in relation to such claims. The Registrant and/or Alkermes, Inc. will, to the maximum extent permitted by law, advance the expenses of such director, secretary, or executive officer in connection with his or her defense. Each director, secretary, or executive officer undertakes to the fullest extent required by law to repay all amounts advanced if it is ultimately determined that he or she is not entitled to be indemnified by the Registrant and/or Alkermes, Inc.
The Registrant has also obtained directors’ and officers’ liability insurance which insures its officers and directors against certain liabilities such persons may incur in their capacities as officers and directors of the Registrant.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
The following exhibits are filed as part of this Post-Effective Amendment:
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Exhibit No. |
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Description of Exhibit |
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4.1 |
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4.2 |
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5.1 |
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23.1 |
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23.2 |
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Consent of Arthur Cox, Solicitors (included in Exhibit 5.1 filed herewith). |
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Item 9. Undertakings.
(a) The undersigned Registrant hereby undertakes:
(1) to file, during any period in which offers or sales are being made, a post-effective amendment to the registration statement:
(i) to include any prospectus required by Section 10(a)(3) of the Securities Act;
(ii) to reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20 percent change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement;
(iii) to include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;
provided, however, that paragraphs (a)(1)(i) and (a)(l)(ii) do not apply if the registration statement is on Form S-8, and the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in the registration statement.
(2) that, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(3) to remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
(b) The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant’s annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(c) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
[THE NEXT PAGE IS THE SIGNATURE PAGE]
Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Post-Effective Amendment to be signed on its behalf by the undersigned, thereunto duly authorized, in Athlone, Ireland, on July 29, 2020.
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ALKERMES PLC |
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By: |
/s/ Tom Riordan |
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Name: |
Tom Riordan |
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Title: |
Assistant Company Secretary |
POWER OF ATTORNEY AND SIGNATURES
We, the undersigned officers and directors of the Registrant hereby severally constitute and appoint Richard F. Pops and James M. Frates, and each of them, our true and lawful attorney-in-fact, with full power of substitution, to sign for us and in our names and the capacities indicated below, to execute and cause to be filed with the Securities and Exchange Commission any and all amendments (including post-effective amendments) to this Post-Effective Amendment and any and all amendments (including post-effective amendments) to the Prior Registration Statements, in each case with exhibits thereto and all other documents in connection therewith, and generally to do or cause to be done by virtue hereof all things in our names and on our behalf in such capacities to enable the Registrant to comply with the provisions of the Securities Act of 1933, as amended, and all requirements of the Securities and Exchange Commission.
Pursuant to the requirements of the Securities Act of 1933, as amended, this Post-Effective Amendment has been signed by the following persons in the capacities and on the dates indicated.
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SIGNATURE |
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TITLE |
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DATE |
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/s/ Richard F. Pops |
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Chairman and Chief Executive Officer |
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July 29, 2020 |
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Richard F. Pops |
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(Principal Executive Officer) |
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/s/ James M. Frates |
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Senior Vice President and Chief Financial Officer |
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July 29, 2020 |
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James M. Frates |
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(Principal Financial Officer) |
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/s/ Iain M. Brown |
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Senior Vice President, Finance and Chief Accounting Officer (Principal Accounting Officer) |
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July 29, 2020 |
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Iain M. Brown |
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/s/ David W. Anstice |
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Director |
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July 29, 2020 |
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David W. Anstice |
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/s/ Robert A. Breyer |
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Director |
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July 29, 2020 |
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Robert A. Breyer |
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/s/ Shane M. Cooke |
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Director |
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July 29, 2020 |
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Shane M. Cooke |
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/s/ Wendy L. Dixon |
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Director |
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July 29, 2020 |
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Wendy L. Dixon |
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/s/ Richard Gaynor |
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Director |
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July 29, 2020 |
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Richard Gaynor |
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/s/ Paul J. Mitchell |
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Director |
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July 29, 2020 |
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Paul J. Mitchell |
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/s/ Nancy L. Snyderman |
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Director |
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July 29, 2020 |
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Nancy L. Snyderman |
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/s/ Frank Anders Wilson |
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Director |
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July 29, 2020 |
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Frank Anders Wilson |
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/s/ Nancy J. Wysenski |
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Director |
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July 29, 2020 |
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Nancy J. Wysenski |
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/s/ David J. Gaffin |
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Authorized Representative in the U.S. |
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July 29, 2020 |
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David J. Gaffin |
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Alkermes, Inc. |
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(Senior Vice President, Chief Legal Officer, Chief Compliance Officer and Secretary) |
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Exhibit 5.1
29 July 2020
To: Board of Directors
Alkermes plc
Connaught House
Burlington Road
Dublin 4
Ireland
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Re: |
Alkermes plc - registration statement on Form S-8 in relation to the Alkermes plc 2018 Stock Option and Incentive Plan, as amended, the Amended and Restated 2008 Stock Option and Incentive Plan and the Alkermes plc 2011 Stock Option and Incentive Plan, as amended |
Dear Sirs
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1. |
Basis of Opinion |
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1.1 |
We are acting as Irish counsel to Alkermes plc, registered number 498284, a public company limited by shares, incorporated under the laws of Ireland, with its registered office at Connaught House, 1 Burlington Road, Dublin 4 (the “Company”), in connection with the Post-Effective Amendment to the original Registration Statements on Form S-8 (Registration Nos. 333-179545, 333-184621, 333-200777, 333-214952, 333-226359) to be filed with the United States Securities and Exchange Commission (the “SEC”) on the date hereof (the “Registration Statement”) under the Securities Act of 1933, as amended (the “Securities Act”) with respect to (a) the number of ordinary shares with nominal value US$0.01 per share (the “Ordinary Shares”) of the Company that remained available for grant under the Alkermes plc 2011 Stock Option and Incentive Plan, as amended (the “2011 Plan”) as of 20 May 2020 (the “Effective Date”), (which Ordinary Shares ceased to be available for grant under the 2011 Plan as of the Effective Date) and (b) the number of Ordinary Shares underlying any outstanding awards granted under the Amended and Restated 2008 Stock Option and Incentive Plan (the “2008 Plan”) and the 2011 Plan that are forfeited, cancelled, repurchased or otherwise terminated (other than by exercise) after the Effective Date as such Ordinary Shares may become available from time to time (the Ordinary Shares described in (a) and (b) together, the “Shares”), which Shares will become available for issuance under the Alkermes plc 2018 Stock Option and Incentive Plan, as amended (the “2018 Plan”) pursuant to awards granted under the 2018 Plan. |
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and are not inconsistent with any of the obligations or rights expressed in the Plan Documents (as set out in the Schedule) or the transactions contemplated thereby. |
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(a) |
the matters expressly stated herein at paragraph 2 below and is not to be read as extending by implication or otherwise to any other matter; |
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(b) |
the Plan Documents (as set out in the Schedule); and |
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(c) |
the Searches (as defined at 1.7 below), |
and is subject to the assumptions and qualifications set out below.
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1.4 |
We express no opinion, and make no representation or warranty, as to any matter of fact or in respect of any documents which may exist in relation to the 2008 Plan, the 2011 Plan or the 2018 Plan or the Shares other than the Plan Documents. |
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1.5 |
In giving this Opinion, we have relied upon the Corporate Certificate (as defined in the Schedule to this Opinion) and the Searches and we give this Opinion expressly on the terms that no further investigation or diligence in respect of any matter referred to in the Corporate Certificate or the Searches is required of us. |
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1.6 |
For the purpose of giving this Opinion, we have examined and relied on copies sent to us by email in pdf or other electronic format of the Plan Documents. |
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1.7 |
For the purpose of giving this Opinion, we have caused to be made legal searches against the Company on 29 July 2020 (together the “Searches”): |
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(a) |
on the file of the Company maintained by the Registrar of Companies in the Irish Companies Registration Office for mortgages, debentures or similar charges or notices thereof and for the appointment of any examiner, receiver or liquidator; |
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(b) |
in the Judgments Office of the High Court for unsatisfied judgments, orders, decrees and the like for the five years immediately preceding the date of the search; and |
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(c) |
in the Central Office of the High Court for any proceedings and petitions filed in respect of the Company in the last two years. |
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1.8 |
This Opinion is governed by and is to be construed in accordance with the laws of Ireland as interpreted by the courts of Ireland at the date hereof. This Opinion speaks only as of its date. We assume no obligation to update this Opinion at any time in the future or to advise you of any change in law or change in interpretation of law which may occur after the date of this Opinion. |
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Opinion |
Subject to the assumptions and qualifications set out in this Opinion and to any matters not disclosed to us, we are of the opinion that:
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2.1 |
The Company is a public company limited by shares, is duly incorporated and validly existing under the laws of Ireland and has the requisite corporate authority to allot and issue the Shares. |
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3. |
Assumptions |
For the purpose of giving this Opinion, we assume the following without any responsibility on our part if any assumption proves to have been untrue as we have not verified independently any assumption:
The Registration Statement and the 2018 Plan
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3.1 |
that when filed with the SEC, the Registration Statement for the 2018 Plan will not differ in any material respect from the latest draft that we have examined; |
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3.2 |
that any awards granted pursuant to the 2018 Plan will be paid up in consideration of the receipt by the Company prior to, or simultaneously with, the allotment and issue of the Shares pursuant thereto of cash at least equal to the nominal value of such Shares and any premium required to be paid up on the Shares pursuant to their terms of allotment and issue and that where Shares are allotted and issued under the 2018 Plan without the requirement for the payment of cash consideration by or on behalf of the relevant beneficiary, then such Shares shall either be fully paid up by the Company or one of its subsidiaries within the time permitted by section 1027(1) of the Companies Act 2014 (as amended) (the “Companies Act”) (and, in the case of the Company or a subsidiary incorporated in Ireland, in a manner permitted by sections 82(6) and 1043(1) of the Companies Act or allotted and issued for consideration as set out in section 1028(2) of the Companies Act); |
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3.3 |
that the filing of the Registration Statement with the SEC has been authorised by all necessary actions under all applicable laws (other than Irish law), including applicable U.S. federal and state securities laws; |
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3.4 |
that the exercise of any options and rights granted under the 2018 Plan and the allotment and issue of the Shares upon exercise of such options and rights (and the allotment and issue of the Shares in connection with any other awards granted under the 2018 Plan) will be conducted in accordance with the terms and the procedures described in the 2018 Plan and the applicable award agreement; |
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3.5 |
that at the time of the allotment and issuance of the Shares, such allotment and issuance shall not be in contravention or breach of any agreement, undertaking, arrangement, deed or covenant affecting the Company or to which the Company is a party or otherwise bound or subject; |
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3.6 |
that the Company has sufficient authorised but unissued share capital to allot and issue the required number of Shares to be delivered to the recipients of any awards granted under the 2018 Plan; |
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3.7 |
that, at the time of the allotment and issuance of the Shares, the authority of the Company and the directors of the Company to allot and issue the Shares, as provided for in the Companies Act and the Memorandum and Articles of Association, is in full force and effect and that the statutory pre-emption rights have been disapplied in respect of any allotment and issuance of the Shares; |
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3.9 |
that from the date of the board resolutions set out in Schedule, no other corporate or other action has been taken by the Company to amend, alter or repeal those resolutions; |
Authenticity and bona fides
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3.10 |
the completeness and authenticity of all documents submitted to us as originals or copies of originals and (in the case of copies) conformity to the originals of copy documents and the genuineness of all signatories, stamps and seals thereon; |
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3.11 |
where incomplete Plan Documents have been submitted to us or signature pages only have been supplied to us for the purposes of issuing this Opinion, that the originals of such Plan Documents correspond in all respects with the last draft of the complete Plan Documents submitted to us; |
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3.12 |
that the Plan Documents will be executed in a form and content having no material difference to the drafts provided to us, will be delivered by the parties thereto, and that the terms thereof will be observed and performed by the parties thereto; |
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3.13 |
that the copies produced to us of minutes of meetings and/or of resolutions correctly record the proceedings at such meetings and/or the subject matter which they purport to record and that any meetings referred to in such copies were duly convened, duly quorate and held, that those present at any such meetings were entitled to attend and vote at the meeting and acted bona fide throughout and that no further resolutions have been passed or other action taken which would or might alter the effectiveness thereof and that such resolutions have not been amended or rescinded and are in full force and effect; |
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3.14 |
that the Memorandum and Articles of Association of the Company amended on 25 May 2016 are the current Memorandum and Articles of Association of the Company, are up to date and have not been amended or superseded and that there are no other terms governing the Shares other than those set out in the Memorandum and Articles of Association of the Company; |
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3.15 |
that there is, at the relevant time of the allotment and issue of the Shares, no matter affecting the authority of the Directors to allot and issue the Shares, not disclosed by the Memorandum and Articles of Association or the resolutions produced to us, which would have any adverse implications in relation to the opinions expressed in this Opinion; |
Accuracy of Searches and Warranties
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3.16 |
the accuracy and completeness of the information disclosed in the Searches is accurate as of the date of this Opinion and that such information has not since the time of such search or enquiry been altered. It should be noted that: |
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(a) |
the matters disclosed in the Searches may not present a complete summary of the actual position on the matters we have caused searches to be conducted for; |
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(b) |
the position reflected by the Searches may not be fully up-to-date (and this risk may be higher while emergency measures introduced by the Irish Government in light of the COVID-19 pandemic remain in place); and |
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3.17 |
that there has been no alterations in the status or condition of the Company as disclosed by the Searches. |
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3.18 |
the truth, completeness and accuracy of all representations and statements as to factual matters contained in the Plan Documents. |
Solvency and Insolvency
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3.19 |
that: |
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(a) |
the Company is at the date of this Opinion able to pay its debts within the meaning of Sections 509(3) and 570 of the Companies Act or any analogous provisions under any applicable laws; and |
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(b) |
the Company will not as a consequence of doing any act or thing which the Plan Documents contemplate, permit or require any relevant party to do, be unable to pay its debts within the meaning of such Sections or any analogous provisions under any applicable laws. |
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3.20 |
that: |
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(a) |
no liquidator, receiver or examiner or other similar or analogous officer has been appointed in relation to the Company any of the assets or undertakings; and |
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(b) |
no petition for the making of a winding-up order or the appointment of an examiner or any similar officer or any similar or analogous procedure in any jurisdiction has been presented in relation to the Company. |
Commercial Benefit
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3.21 |
that the Plan Documents have been entered into for bona fide commercial purposes, on arm’s length terms and for the benefit of each party thereto and are in those parties’ respective commercial interests and for their respective corporate benefit. |
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4. |
Disclosure |
This Opinion is addressed to you in connection with the registration of the Shares with the SEC. We hereby consent to the inclusion of this Opinion as an exhibit to the Registration Statement to be filed with the SEC. In giving this consent, we do not thereby admit that we are in a category of persons whose consent is required under Section 7 of the Securities Act.
Yours faithfully
/s/ Arthur Cox
ARTHUR COX
The Plan Documents
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1. |
A copy of the form of the Registration Statement to be filed by the Company with the SEC on or about the date of this Opinion; |
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2. |
A copy of the 2018 Plan; |
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3. |
A copy of the 2008 Plan; |
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4. |
A copy of the 2011 Plan; |
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5. |
A copy of the resolutions of shareholders of the Company regarding the approval of, among other things, the adoption of the 2008 Plan and the 2011 Plan, dated 16 September 2011; |
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6. |
A copy of the resolutions of the board of directors of the Company regarding the approval of, among other things, the adoption of the 2008 Plan and the 2011 Plan, dated 16 September 2011; |
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7. |
A copy of the resolutions of the board of directors of the Company delegating to the compensation committee of the board of directors of the Company the authority to approve, among other things, the 2018 Plan, dated 15-16 February 2018; |
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8. |
A copy of the resolutions of the compensation committee of the board of directors of the Company regarding the approval and adoption of, among other things, the 2018 Plan, dated 29 March 2018; |
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9. |
A copy of the resolutions of the board of directors of the Company approving, among other things, the preparation, execution and filing of a registration statement on Form S-8 (in respect of 4,400,000 Ordinary Shares of the Company under the 2018 Plan), dated 23-24 May 2018; |
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10. |
A copy of the resolutions of the board of directors of the Company delegating to the compensation committee of the board of directors of the Company the authority to approve a request for an additional increase in Ordinary Shares available under the 2018 Plan, dated 12 February 2020; |
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11. |
A copy of the resolutions of the compensation committee of the board of directors of the Company related to, among other things, an additional increase in Ordinary Shares available under the 2018 Plan, dated 27 March 2020; |
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12. |
A copy of the resolutions of the board of directors of the Company that, among other things, gave authority for the preparation, execution and filing of the Registration Statement in respect of the Shares at a meeting of the board of directors of the Company dated 20 May 2020; |
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at the annual general meeting of the shareholders of the Company held on 23 May 2018, (vi) the 2018 Plan, as amended to increase the number of Ordinary Shares for issuance thereunder by such number as approved at the annual general meeting of shareholders of the Company held on 20 May 2020; and (B) the voting results regarding, among other things, the approval of the granting of authority to the board of directors to allot shares up to an aggregate nominal amount equal to the authorised but unissued share capital of the Company, and to opt out of statutory pre-emption rights in respect of those equity securities, at the annual general meeting of the shareholders of the Company held on 24 May 2017; |
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14. |
A copy of the memorandum and articles of association of the Company in the form adopted by resolution of the shareholders of the Company on 25 May 2016; |
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15. |
A copy of the certificate of incorporation of the Company dated 4 May 2011; |
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16. |
A copy of the certificate of incorporation on re-registration as a public limited company dated 25 July 2011; |
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17. |
A copy of the certificate of incorporation on change of name of the Company dated 14 September 2011; and |
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18. |
Letter of Status from the Irish Companies Registration Office dated 27 July 2020. |
Exhibit 23.1
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We hereby consent to the incorporation by reference in this Post-Effective Amendment No. 1 to Form S-8 Registration Statements Nos. 333-179545, 333-184621, 333-200777, 333-214952 and 333-226359 of Alkermes plc of our report dated February 13, 2020 relating to the financial statements and the effectiveness of internal control over financial reporting, which appears in Alkermes plc’s Annual Report on Form 10-K for the year ended December 31, 2019.
/s/ PricewaterhouseCoopers LLP
Boston, Massachusetts
July 29, 2020