TORM plc Clarifies Position on Hafnia's Potential Acquisition of Shares

TORM plc's Announcement on Hafnia's Potential Acquisition of Shares

On September 9, 2025, TORM plc issued a statement addressing the recent news surrounding Hafnia Limited ('Hafnia') and its potential acquisition of shares from Oaktree Capital Management, L.P. and its affiliates. This clarification follows a request from the UK’s Panel on Takeovers and Mergers, which prompted TORM to outline its regulatory position clearly.

The statement elaborated that the City Code on Takeovers and Mergers does not apply to TORM plc. The primary reason for this is that the Panel does not consider TORM plc’s place of central management and control to be located within the UK, the Channel Islands, or the Isle of Man. It is crucial to note that TORM plc remains subject to Danish laws, specifically Chapter 8 of the Danish Consolidated Act no. 652 from June 10, 2025, concerning capital markets and the Danish Executive Order no. 614 dated June 2, 2025, which regulates takeover bids in Denmark.

Current discussions about a potential transaction between Hafnia and Oaktree have not involved TORM, clarifying any misconceptions about its involvement in the negotiations. This assertion indicates TORM’s commitment to transparency and adherence to the applicable laws governing its operations.

Background on TORM

Founded in 1889, TORM is one of the leading global carriers of refined oil products. It boasts a comprehensive fleet of product tanker vessels, emphasizing safety, environmental responsibility, and superior customer service. With shares listed on both Nasdaq Copenhagen and Nasdaq New York, TORM continues to operate its fleet worldwide while maintaining compliance with international regulations. The ticker symbols for TORM on these exchanges are TRMD A and TRMD, with the ISIN being GB00BZ3CNK81.

Regulatory Environment and Future Outlook

The landscape that TORM operates within is increasingly influenced by a variety of factors including changing regulations, economic conditions, and geopolitical developments. The potential acquisition of shares by Hafnia is just one of many such instances influencing the maritime sector, making regulatory clarity crucial for stakeholders.

TORM's investor relations head, Mikael Bo Larsen, has indicated that stakeholders can reach out directly for further inquiries. His contact details are available for those wishing to delve deeper into TORM's operational strategies or financial outlooks in light of these developments.

Conclusion

As the maritime industry contends with ongoing fluctuations, the clarity provided by TORM plc regarding Hafnia's acquisition attempts reinforces its commitment to maintaining a transparent relationship with its investors and stakeholders alike. The company continues to navigate the complexities of the global oil products sector while adhering to the robust legal frameworks in place in Denmark and beyond, ensuring its position as a reputable and responsible carrier in the industry.

For more information on TORM plc, individuals can visit their official website at www.torm.com.