TORM increases share capital following restricted share unit exercises

TORM plc has increased its share capital by 14,206 A-shares, equivalent to a nominal value of $142.06, following the exercise of restricted share units (RSUs). These new shares were subscribed for in cash at DKK 0.07 per A-share, with the capital increase conducted without pre-emption rights for existing shareholders. The new shares are ordinary shares, granting dividend rights and are expected to be listed on Nasdaq Copenhagen soon.

Post-increase, TORM's share capital now stands at $1,013,327.09, comprising 101,332,707 A-shares, one B-share, and one C-share, each with a nominal value of $0.01. The A-shares carry 101,332,707 votes, while the B and C shares have specific voting rights.

TORM is a leading carrier of refined oil products. The company's shares are listed on Nasdaq Copenhagen and Nasdaq in New York.