TORM plc priced a secondary public offering of 9,000,000 Class A common shares by OCM Njord Holdings S.à r.l., a company indirectly owned by funds managed by Oaktree Capital Management, L.P. and its affiliates. The selling shareholder beneficially owns approximately 20% of TORM's Class A common shares before the offering and granted J.P. Morgan Securities LLC, the sole underwriter, a 30-day option to buy up to 1,350,000 additional shares. The shares are being offered for gross proceeds of approximately $290.25 million to the selling shareholder. TORM is not selling shares and will receive no proceeds. The offering is expected to close on Sept. 16, 2026, subject to customary conditions. An effective shelf registration statement covering the shares was filed with the U.S. Securities and Exchange Commission.