TORM raises share capital via RSU exercise under incentive program

TORM plc (NASDAQ: TRMD, NASDAQ: TRMD A) has increased its share capital by 132,421 Class A shares, resulting in a nominal increase of $1,324.21, following the exercise of a corresponding number of Restricted Share Units (RSUs) under its incentive program.

Of the newly issued shares, 12,406 Class A shares were subscribed for in cash at DKK 111.60 per share, 12,405 Class A shares at DKK 124.20 per share, and 107,610 Class A shares at DKK 179.80 per share.

The new shares carry no special rights and are negotiable instruments. They entitle holders to dividends and other shareholder rights from the date of issuance. The shares are expected to be admitted to trading and official listing on Nasdaq Copenhagen.

The capital increase was carried out without pre-emption rights for existing shareholders. Transfer restrictions may apply in certain jurisdictions outside Denmark, including under applicable U.S. securities laws.

Following the transaction, TORM's total share capital stands at $1,025,536.88, divided into 102,553,688 Class A shares with a nominal value of $0.01 each. Each share carries one vote.

TORM is headquartered in Hellerup, Denmark, and operates a fleet of product tanker vessels. Its shares are listed on Nasdaq in both Copenhagen and New York.

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