Torm (TRMD) has released an update.
TORM plc has initiated a secondary public offering of over 6.8 million Class A common shares held by OCM Njord Holdings S.à r.l., with a possible additional 1 million shares option for the underwriter, Citigroup Global Markets Inc. The company itself will not gain any proceeds from the sale as it is entirely managed by the selling shareholder. This significant move in the stock market is subject to various conditions, and its completion is not guaranteed.
For further insights into TRMD stock, check out TipRanks’ Stock Analysis page.
