TORM plc increases share capital following RSU exercise

TORM plc, an international oil tanker company, has increased its share capital by issuing 61,105 Class A shares. The nominal value of this capital increase amounts to USD 611.05. The share issuance is a direct consequence of the exercise of a corresponding number of Restricted Share Units (RSUs) as part of the company's established incentive program.

The new shares were issued on October 7, 2026. These shares represent approximately 0.1 percent of TORM plc's current total number of shares outstanding. According to the company, this action is a standard procedure in the administration of equity-based compensation plans, where employees and management redeem granted shares upon meeting specified vesting conditions.

TORM plc operates a global fleet primarily comprising Medium Range (MR) product tankers, Painted Medium Range (P-MR) tankers, and Long Range (LR) crude oil tankers. The company's strategy centers on providing high-quality transportation services to its clients while optimizing freight earnings.

Further details regarding TORM plc's financial performance and share-related activities can be found in its official disclosures and stock exchange filings. The company is publicly traded on the Nasdaq under the tickers TRMD and TRMD A.