#Denmark #Class A Shares #Oaktree Capital #Hellerup #TORM plc

TORM plc Concludes Secondary Public Offering of Class A Common Shares

TORM plc, recognized as a leading provider of refined oil product transportation, has successfully completed its secondary public offering of Class A common shares. This significant event was marked on October 7, 2026, following earlier announcements made by the company. Key details regarding this offering have now come to light, making it an essential point of interest for stakeholders and investors.

The offering comprised a total of 6,329,874 shares, which were sold by OCM Njord Holdings S.à r.l., the selling shareholder. Remarkably, this entity is linked to investment funds managed by Oaktree Capital Management GP, LLC and its affiliates. In a notable outcome of this transaction, the selling shareholder has now entirely divested its beneficial ownership of the Class A common shares.

Importantly, TORM itself did not engage in selling any of its own shares during this offering and therefore received no proceeds from this transaction. This detail highlights that the secondary offering functioned solely as a mechanism for the shareholder to liquidate their position in the company without impacting TORM's balance sheet directly.

Role of J.P. Morgan Securities LLC
The offering was underwritten solely by J.P. Morgan Securities LLC, a prominent financial services firm recognized for its dynamic capabilities in public offerings and capital management. Interested parties can access the prospectus and specific details via J.P. Morgan's financial services division, signaling a professional and operationally efficient process.

It should be noted that this announcement does not constitute a sale or solicitation for the described securities in regions or jurisdictions where such actions would be illegal prior to proper registration or qualification under relevant securities laws. Furthermore, TORM has previously registered a shelf registration statement with the U.S. Securities and Exchange Commission regarding this offering, ensuring compliance with necessary regulations.

About TORM
Founded in 1889, TORM has established itself as a dominative player in the maritime transport of refined oil products. Operating a robust fleet of product tankers, the company prides itself on its commitment to safety and environmental stewardship while providing quality customer service. TORM is listed on both Nasdaq Copenhagen and Nasdaq New York under tickers TRMD A and TRMD (ISIN: GB00BZ3CNK81), underscoring its global reach and market significance.

As TORM continues navigating the waters of the maritime industry, the completion of this secondary public offering heralds a new chapter in the company's financial strategy. By tightening its focus on sustainable operational practices and stakeholder interests, TORM reaffirms its position as a cornerstone within the oil transportation sector.

Forward-Looking Statements
As with all public companies, these developments may include forward-looking statements subject to risks and uncertainties. TORM cautions stakeholders that various factors, ranging from economic conditions to regulatory influences, could materially affect future performance and operating results. The company emphasizes the importance of investing caution and reviewing ongoing filings to remain abreast of any shifts in its operational landscape.

In summary, TORM plc's completion of its secondary public offering for Class A shares marks a significant event in its corporate timeline, reflecting both investor confidence and the organization's plans for future growth and sustainability within the competitive maritime industry.