TORM plc confirms Hafnia acquisition, triggers shareholder threshold review

TORM plc has confirmed that Hafnia Limited's acquisition of shares from Oaktree Capital Management, L.P. and its affiliates, previously announced on September 3 and 9, 2025, was completed on December 22, 2025. Following this transaction, Oaktree now holds 26,425,059 A shares, while Hafnia holds 14,156,061 A shares, out of a total of 101,332,707 A shares.

The completion has prompted TORM plc's board of directors to initiate procedures under Article 5 of the company’s articles of association to determine the "threshold date." This date signifies when Oaktree and its affiliates collectively cease to beneficially own at least one-third of the issued shares (excluding treasury shares). Once this threshold is confirmed, the B director's office, C share voting rights, and limitations on TORM plc's actions as per Article 137 will cease, leading to the redemption and cancellation of B and C shares.

Further announcements regarding these processes will be made as appropriate. TORM plc, a leading carrier of refined oil products, operates globally and is listed on Nasdaq in Copenhagen and New York.