TORM plc Announces Share Capital Increase

Torm (TRMD) has released an update.

TORM plc has announced a share capital increase through the issuance of 59,300 new A-shares following the exercise of Restricted Share Units under its incentive program. These shares, which grant holders dividends and other rights from the date of issuance, are expected to be listed on Nasdaq Copenhagen soon. The capital hike, completed without pre-emption rights for current shareholders, brings TORM’s total share capital to USD 949,098.28, with the new A-shares adding to the existing 94,909,826 A-shares and special voting B and C shares.

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