TORM plc Increases Share Capital Following RSU Exercise

TORM plc, a global carrier of refined oil products, has increased its share capital by 97,089 Class A shares. This capital increase is a direct result of employees exercising their Restricted Share Units (RSU) as part of the company's incentive program.

Of the newly issued shares, 95,700 Class A shares were subscribed for in cash at DKK 179.80 per share, and 1,389 Class A shares were subscribed for at DKK 124.20 per share. These new shares are ordinary shares without special rights and are negotiable instruments.

The shares are expected to be admitted to trading and official listing on Nasdaq Copenhagen shortly. Following this capital increase, TORM plc's total share capital amounts to USD 1,026,507.77, comprising 102,650,777 Class A shares, each with a nominal value of USD 0.01.

Founded in 1889, TORM operates a fleet of product tanker vessels and is listed on Nasdaq Copenhagen and Nasdaq New York (ticker: TRMD). The company focuses on safety, environmental responsibility, and customer service in its worldwide operations.