TORM increases share capital by 31,483 shares after RSU exercise

  • TORM increased its share capital after exercising 31,483 Restricted Share Units.
  • 31,483 Class A shares were issued for DKK 179.80 each in cash.
  • TORM expects the new shares to be listed on Nasdaq Copenhagen as soon as possible.

TORM plc increased its share capital by 31,483 Class A shares, representing a nominal increase of USD 314.83, after the exercise of an equivalent number of Restricted Share Units (RSUs). The shares were subscribed for in cash at DKK 179.80 each. Following the transaction, TORM has USD 1,024,212.67 in share capital divided into 102,421,267 A-shares with a nominal value of USD 0.01 each, and each share carries one vote. The new ordinary shares have no special rights, are negotiable instruments, rank for dividends and other rights from issuance, and are expected to be admitted to trading and official listing on Nasdaq Copenhagen as soon as possible. The issuance was conducted without pre-emption rights, while transfer restrictions may apply outside Denmark, including under applicable U.S. securities laws. TORM, founded in 1889, operates product tanker vessels worldwide and is listed in Copenhagen and New York. The company cautioned that its forward-looking statements are subject to significant operational, market, geopolitical, regulatory, environmental, legal and other risks and are not guarantees of future performance.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.