TORM plc capital increase in connection with exercise of Restricted Share Units as part of TORM's incentive program | TRMD Stock News

May 19, 2025

TORM plc (TRMD, Financial) has increased its share capital by 151,581 A-shares, due to the exercise of Restricted Share Units.
The capital increase brings TORM's total share capital to USD 984,345.66.
New A-shares were subscribed for at DKK 0.08 per share and are expected to be listed on Nasdaq Copenhagen soon.

TORM plc (NASDAQ: TRMD) announced a capital increase through the issuance of 151,581 A-shares, resulting from the exercise of Restricted Share Units as part of the company's incentive program. Each A-share carries a nominal value of USD 1,515.81, with the new shares subscribed for in cash at DKK 0.08 per share.

Following the capital increase, TORM's total share capital now amounts to USD 984,345.66, comprising 98,434,564 A-shares, alongside one B-share and one C-share, each with a nominal value of USD 0.01. The A-shares provide a total of 98,434,564 voting rights, while the B-share and C-share have specific voting rights.

The new A-shares are ordinary shares without special rights and are expected to be admitted for trading on Nasdaq Copenhagen soon. This capital increase has been completed without pre-emption rights for existing shareholders, and these new shares will provide rights to dividends and other benefits in relation to TORM from the issuance date.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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