TORM plc Announces Capital Increase with Restricted Share Units Exercise as Incentive Program

TORM plc Expands Share Capital Through RSUs

TORM plc, a prominent player in the maritime sector, has announced a significant capital increase involving the issuance of 22,666 Class A shares. This strategic move is part of TORM's broader incentive program aimed at enhancing employee engagement and retaining talent within the company.

On September 2, 2026, the investment firm unveiled that as a result of the exercise of Restricted Share Units (RSUs), they have increased their share capital by a nominal amount of USD 226.66. The newly issued shares were subscribed for at varying prices: 6,933 shares at DKK 139.90 each and 15,733 shares at a higher DKK 195.50 per share.

These new shares carry no special rights and are designated as ordinary shares, making them negotiable instruments that grant holders rights to dividends and other benefits associated with TORM starting from the issuance date. Furthermore, they are expected to be added to the trading platform of Nasdaq Copenhagen shortly, offering more accessibility to investors in the public market.

One noteworthy aspect of this capital increase is that existing shareholders and others do not possess pre-emption rights, which could potentially alter the balance of ownership within the company. However, this decision underlines TORM's commitment to rapidly adapt to changing market requirements and to build a robust capital structure to support its future endeavors.

As a significant global carrier of refined oil products, TORM has established a reputation built on safety, environmental responsibility, and unparalleled customer service since its inception in 1889. With a concentrated fleet of product tanker vessels, TORM continues to solidify its market position and enhance shareholder value while navigating the challenges of the global shipping industry.

Mikael Bo Larsen, Head of Investor Relations, reaffirmed TORM's dedication to maintaining transparency and enhancing communication with its investors: "Our decision reflects a firm commitment to our incentive strategies, ultimately benefiting our workforce and driving the company's growth."

In light of the current business environment, including fluctuations in international oil prices and shifting global demand, TORM remains focused on strategically positioning itself for long-term growth. The increase in share capital through the exercise of RSUs is part of its broader effort to strengthen its financial foundation as the company navigates a complex geopolitical landscape.

As the shipping industry faces challenges like increased regulatory scrutiny and heavy competition, TORM believes that investing in its workforce through programs like these RSUs is crucial for sustaining operational excellence and paving the way for future opportunities.

The latest developments at TORM plc illustrate the company's proactive approach to capital management as it seeks to align its operational strategies with market realities. Inciting trust and confidence among shareholders while fostering a dedicated workforce is a fine balance that TORM seems well-equipped to maintain.

With these newly issued shares, TORM's total share capital now amounts to USD 1,023,897.84, divided into 102,389,784 Class A shares, each carrying a nominal value of USD 0.01. Each of these shares grants one vote to their holders, thereby allowing stakeholders to have a say in company decisions.

In conclusion, as TORM plc continues to lead in the maritime industry, its recent share capital increase via the RSU exercise marks a significant step towards a more engaged workforce and a robust framework for future growth, ultimately benefiting all stakeholders involved in the company.