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 share capital to approximately USD 1.03 million. These new shares carry standard rights, including voting and dividends, and are expected to be listed on Nasdaq Copenhagen soon. This capital increase supports TORM's ongoing incentive program and reflects shareholder value expansion without pre-emption rights for existing shareholders.
TORM plc has a market cap of $4.05 billion and offers a high dividend yield of 10.77%, making it attractive for income-focused investors. On Pluang, the stock is priced at USD 39.34 with a 1-day gain of 0.74% as of Oct 07, 2026 15:02 WIB. The recent capital increase through the exercise of Restricted Share Units aligns with the company's strategy to enhance shareholder value, complementing its strong market presence.
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...
