TORM plc increased its Share Capital by 31,483 Class A common shares following the exercise of an equal number of restricted stock units. For investors, the new shares are ordinary securities with one vote each, Dividend rights from issuance, and expected admission to trading on Nasdaq Copenhagen.

Key Highlights

  • The transaction lifted nominal share capital by USD 314.83.
  • TORM’s post-transaction capital totals USD 1,024,212.67 across 102,421,267 A-shares.
  • TORM increased its share capital by 31,483 Class A common shares, each with a Par Value of $0.01.
  • The shares were issued following the exercise of an equal number of Restricted Stock Units under TORM’s incentive program.

TORM plc (NASDAQ: TRMD) increased its share capital by 31,483 Class A common shares, each with a par value of $0.01. The issuance followed the exercise of an equal number of Restricted Stock Units under the company’s incentive program. TORM said the new securities are ordinary shares without special rights.

Cash Subscription Sets Share Capital at USD 1,024,212.67

The capital increase was completed without pre-emption rights for existing shareholders or other parties. Transfer restrictions may apply in some jurisdictions outside Denmark, including under applicable U.S. securities laws.

New Shares Carry Voting and Dividend Rights

Each A-share carries one vote. The newly Issued Shares became eligible for dividends and other rights in TORM from their issuance date. TORM’s shares are also listed on Nasdaq in New York under TRMD A and TRMD.