Njord Luxco, a major shareholder jointly controlled by entities under Brookfield Corporation, has sold all its shares and voting rights in TORM plc as of October 6, 2026. This marks a significant change in TORM's shareholder structure, potentially impacting investor confidence and market dynamics. TORM is a leading global carrier of refined oil products, listed on Nasdaq Copenhagen and Nasdaq New York. Investors will watch closely for any strategic shifts or market reactions following this exit.
Following the major shareholder exit from TORM plc, the stock trades at USD 40.07 on Pluang as of Oct 09, 2026 04:31 WIB, close to its 52-week high of USD 41.05. Despite the shareholder change, TORM shows a strong dividend yield of 11.36% and a 1-day price increase of 2.95%, while Pluang order activity leans heavily toward selling at 77%. This suggests active market engagement amid the evolving shareholder landscape.
TORM plc completed a secondary public offering of 6,329,874 Class A common shares by OCM Njord Holdings, a fund managed by Oaktree Capital. The selling shareholder no longer holds any Class A shares after the offering. TORM itself did not sell shares...
TORM plc has increased its share capital by issuing 61,105 new Class A shares following the exercise of Restricted Share Units (RSUs). Most shares were subscribed for in cash at prices between DKK 124.20 and DKK 179.80 per share, raising the total sh...
TORM plc announced a secondary public offering of 6,329,874 Class A common shares by OCM Njord Holdings, a shareholder indirectly managed by Oaktree Capital. The sale is expected to raise about $253.5 million for the selling shareholder, but TORM its...
TORM plc announced a secondary public offering of 6,329,874 Class A common shares by a major shareholder, OCM Njord Holdings, which owns about 6% of the shares. The company itself is not selling any shares and will not receive proceeds from this sale...
