- TORM plc (TRMD, Financial) conducts a capital increase by issuing 11,236 A-shares as part of an incentive program.
- The new shares, subscribed in cash at DKK 0.08 per share, carry rights similar to existing shares.
- TORM’s total share capital post-issue stands at USD 979,524.31.
TORM plc (NASDAQ: TRMD), a leading carrier in the refined oil products sector, announced the issuance of 11,236 A-shares with a nominal value of USD 112.36. This capital increase is associated with the exercise of Restricted Share Units under the company's incentive program.
The new shares, subscribed in cash at DKK 0.08 per share, are equivalent to the existing ordinary shares. They offer dividend rights from the date of issuance and will be listed for trading on Nasdaq Copenhagen shortly.
Following this capital increase, TORM's total share capital has reached USD 979,524.31, which is divided into 97,952,429 A-shares, along with one B-share and one C-share, each having a nominal value of USD 0.01. The A-shares collectively possess 97,952,429 votes. While the B and C shares have specific voting rights.
TORM, founded in 1889, operates worldwide and maintains a strong commitment to safety, environmental responsibility, and customer service in the maritime sector. Its shares are traded on both Nasdaq Copenhagen and Nasdaq New York.
