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 or receive any proceeds. J.P. Morgan Securities acted as sole underwriter. This move reflects a change in ownership but does not affect TORM's capital directly.
TORM plc shares are trading at USD 39.30 on Pluang as of Oct 07, 2026 23:32 WIB, close to their 52-week high of USD 41.05, and well above the 52-week low of USD 19.39. The stock shows a modest 1-day gain of 0.64% and offers a high dividend yield of 11.33%. Investor interest remains strong with 93% of Pluang orders being buys, reflecting confidence in the stock despite the recent secondary offering by OCM Njord Holdings.
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...
