TORM plc announced a secondary public offering of 9 million Class A common shares by a major shareholder, OCM Njord Holdings, for approximately $290 million. The company itself is not selling shares and will not receive proceeds from this sale. The offering includes an option for the underwriter to buy an additional 1.35 million shares and is expected to close on September 16, 2026. This move allows the selling shareholder, who owns about 20% of TORM's Class A shares, to liquidate part of their stake without diluting the company's equity.
TORM plc's shares are currently priced at USD 33.00 on Pluang as of September 15, 2026, 17:31 WIB. The stock has experienced a 6.62% decline in the last day, trading below its 52-week high of USD 35.46. Its market capitalization stands at $3.64 billion, reflecting the company's significant presence in the technology sector.
TORM plc announced a secondary public offering of 9 million Class A common shares by its major shareholder, OCM Njord Holdings, which is affiliated with Oaktree Capital Management. The shareholder may grant underwriters an option to sell an additiona...
TORM plc increased its share capital by issuing 31,483 new Class A shares following the exercise of Restricted Share Units (RSUs). These shares were subscribed for in cash at DKK 179.80 each, raising the company's share capital to USD 1,024,212.67 di...
