TORM plc Boosts Capital through Restricted Share Units Implementation

In a significant development for its shareholders and stakeholders, TORM plc (NASDAQ: TRMD) has undertaken a capital increase involving 12,406 A-shares. This decision, announced on April 4, 2025, comes in conjunction with the exercise of Restricted Share Units (RSUs) as part of the company's incentive program. The nominal value attached to these new shares is set at USD 124.06, showcasing TORM's efforts to bolster its financial standing and enhance value for its investors.

The allocation of the new shares is primarily through cash subscriptions, priced at DKK 0.08 per A-share. It is important to note that this capital increase proceeds without granting pre-emption rights to existing shareholders, which is a notable maneuver in the realm of corporate finance. The introduction of these new A-shares is structured to align with TORM's strategic goal to maintain robust growth and market competitiveness amid the evolving shipping landscape.

Upon completion of this capital increase, TORM's overall share capital will reach USD 982,642.16, comprising 98,264,214 A-shares, alongside one B-share and one C-share, each valued at USD 0.01. The new shares, which do not carry any special rights, are expected to be listed for trading on Nasdaq Copenhagen shortly, offering enhanced liquidity to investors and reaffirming TORM's commitment to transparency and fair market practices.

TORM PLC, a leading player in the maritime industry, operates a fleet focused on the transportation of refined oil products, emphasizing safety, environmental responsibility, and stellar customer service. Founded in 1889, TORM has established itself as a globally recognized carrier, with its shares listed on both Nasdaq Copenhagen and Nasdaq New York under the ticker symbols TRMD and TRMD-A, respectively.

Currently, TORM is navigating various market conditions that necessitate adaptable strategies. The shipping industry is considerably influenced by geopolitical events, including the ongoing conflicts and international sanctions impacting oil markets. As such, TORM's capital initiatives, including this latest increase, serve as a buffer against volatile market conditions, enhancing its resilience.

Company spokesperson Mikael Bo Larsen, Head of Investor Relations, commented on the initiative stating, "This capital increase reflects our commitment to rewarding our shareholders while ensuring that we remain agile in the face of market fluctuations. The successful execution of our incentive program through this capital raise underscores our efforts to align individual performance with the company’s long-term strategies."

Investors are advised to remain attentive to market trends, as well as the implications of this move in TORM's ongoing strategy to expand its fleet and service offerings.

Furthermore, TORM’s management team has proactively outlined plans to focus on maintaining significant returns on shareholder investment while actively seeking opportunities for fleet innovations and operational enhancements. The company’s management continues to monitor economic indicators and environmental regulations that impact its operations, aiming to stay at the forefront of sustainable shipping practices.

As TORM plc advances its agenda, it’s imperative for shareholders and potential investors to keep abreast of upcoming decisions and performance indicators that could impact share prices and overall corporate success. Following this capital increase, TORM is well-positioned to undertake strategic initiatives that leverage its robust operational framework, setting the stage for sustained growth in the maritime industry.

In conclusion, TORM plc’s capital increase through the exercise of Restricted Share Units exemplifies a strategic approach to fostering long-term growth and stability in a challenging market environment. Stakeholders should continue to watch the company's progress closely as it navigates its course in the global shipping landscape.