#Denmark #Oaktree Capital #Hellerup #TORM plc #Hafnia Limited

TORM plc Shareholder Acquisition Update

TORM plc, a prominent name in the maritime transport industry, has issued a significant update regarding its shareholding structure. On December 22, 2025, the company reported the completion of Hafnia Limited’s acquisition of shares previously held by Oaktree Capital Management, L.P. and its affiliates. This transaction marks a pivotal moment for TORM as it restructures its investor base and aims for strategic growth.

Acquisition Details

According to TORM’s announcement, as referenced in prior communications on September 3 and 9, 2025, the acquisition by Hafnia has resulted in Oaktree holding 26,425,059 A shares. Meanwhile, Hafnia has acquired 14,156,061 A shares from Oaktree, out of an overall total of 101,332,707 A shares. This change in share ownership highlights the ongoing dynamics within TORM’s financial ecosystem and enhances Hafnia's position within the company.

Implications of the Acquisition

In line with TORM plc's articles of association, the board of directors will now undertake necessary procedures to establish whether the threshold date has been reached. This threshold is critical as it signifies the point at which Oaktree and its affiliates cease to beneficially own at least one-third of the total issued shares. If confirmed, certain rights associated with the shares held by Oaktree will be affected subsequently.

Upon determining the threshold date, provisions tied to the office of the B director and C share voting rights are set to come to an end. Moreover, limitations on TORM plc’s operational capabilities set out in Article 137 will lift, allowing for greater governance freedom following the stipulated regulations.

Looking Ahead

TORM acknowledges that further announcements will be communicated as the necessary processes proceed and clarity is achieved regarding shareholder dynamics and company governance.

As one of the world’s leading carriers of refined oil products, TORM remains committed to safety, environmental responsibility, and customer service. The company has a storied history since its founding in 1889 and operates a global fleet of product tanker vessels, underlining its pivotal role in the maritime shipping industry. TORM’s shares are traded publicly on Nasdaq, affirming its stature in the financial markets.

Conclusion

This acquisition not only marks a significant milestone for TORM but also reflects the ongoing evolution and competitive nature of the maritime industry. Stakeholders and investors are advised to stay tuned for further updates as TORM plc charts its course forward in responding to changing market demands and enhancing shareholder value.