#Denmark #Class A Shares #Hellerup #TORM plc #Restricted Share Units

TORM plc Capital Increase via Restricted Share Units

TORM plc, a prominent maritime shipping company, has just announced a capital increase following the exercise of its Restricted Share Units (RSUs) as part of its incentive program. This move has resulted in the issuance of 132,421 new Class A shares, representing a nominal increase of USD 1,324.21, reflecting the company's ongoing commitment to its shareholders and incentive structures.

This capital enlargement sees a variety of subscription prices for the new shares, with 12,406 Class A shares accepted at DKK 111.60, another set of 12,405 shares at DKK 124.20, and the remaining 107,610 shares at DKK 179.80. Not only does this capital increase enhance TORM's financial position, but it also underscores the company's alignment with its performance-driven strategy to incentivize employees and align interests with shareholders.

The issuance of these new shares has been executed without pre-emption rights for existing shareholders, a common practice in capital increases that reflects the company's operational strategy. Importantly, the new shares will be ordinary shares that come without any additional rights beyond those typically granted to shareholders of Class A shares, including the right to dividends starting from the date of issuance.

As TORM anticipates listing the new shares on Nasdaq Copenhagen, it’s essential to note that these shares may be subject to transfer restrictions in specific jurisdictions, including the U.S. securities laws. This regulatory framework ensures compliance and upholds the company’s credibility in the global financial landscape.

After this capital increase, TORM's total share capital amounts to an impressive USD 1,025,536.88, which is divided into 102,553,688 Class A shares, each carrying a nominal value of USD 0.01. Each of these shares holds voting rights, further enhancing shareholder engagement within the company.

About TORM plc

Founded in 1889, TORM has long been recognized as a leading carrier in the refined oil products sector, operating with a solid fleet of product tanker vessels characterized by a strong commitment to safety and environmental responsibility. TORM's operational footprint spans globally, allowing them to adapt to evolving market conditions while ensuring high levels of customer service.

The company is listed on both Nasdaq Copenhagen and Nasdaq New York under the codes NASDAQ TRMD and NASDAQ TRMD A, respectively. Shareholders interested in the recent developments can visit their official website for comprehensive insights on corporate actions and ongoing initiatives.