TORM increases share capital by 215,635 shares through RSU exercise

TORM plc (NASDAQ: TRMD) increased its share capital by 215,635 A-shares with a nominal value of $2,156.35 following the exercise of Restricted Share Units under the company's incentive program, according to a press release statement.

The subscription prices varied across the new shares: 14,206 shares were subscribed at DKK 0.07 per A-share, 85,067 shares at DKK 131.80, and 116,362 shares at DKK 144.40. The capital increase was conducted without pre-emption rights for existing shareholders.

Following this increase, TORM's total share capital stands at $1,023,389.74, divided into 102,338,974 A-shares with a nominal value of $0.01 each. Each A-share carries one vote.

The new shares are ordinary shares without special rights and provide dividend and other rights from the date of issuance. TORM expects the shares to be admitted to trading and official listing on Nasdaq Copenhagen.

Transfer restrictions may apply in certain jurisdictions outside Denmark, including under applicable US securities laws.

TORM operates a fleet of product tanker vessels for carrying refined oil products. The company was founded in 1889 and trades on both Nasdaq Copenhagen and Nasdaq New York under the ticker TRMD.

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