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Torm | 6-K: Report of foreign private issuer [Rules 13a-16 and 15d-16]

SEC announcement ·  Jan 16 00:00
Summary by Moomoo AI
TORM plc, a leading carrier of refined oil products, announced on January 16, 2024, a capital increase through the issuance of 638,013 new Class A common shares. This increase is attributed to two separate events: the delivery of the third of eight LR2 product tanker vessels, which added 616,746 shares, and the exercise of Restricted Stock Units as part of the company's incentive program, which contributed 21,267 shares. The new shares, which are expected to be admitted to trading on Nasdaq Copenhagen on January 19, 2024, are ordinary shares with rights to dividends and other entitlements from the date of issuance. The capital increase, which was carried out without pre-emption rights for existing shareholders, brings TORM's total share capital to USD 894,619.72, divided into 89,461,970 A-shares...Show More
TORM plc, a leading carrier of refined oil products, announced on January 16, 2024, a capital increase through the issuance of 638,013 new Class A common shares. This increase is attributed to two separate events: the delivery of the third of eight LR2 product tanker vessels, which added 616,746 shares, and the exercise of Restricted Stock Units as part of the company's incentive program, which contributed 21,267 shares. The new shares, which are expected to be admitted to trading on Nasdaq Copenhagen on January 19, 2024, are ordinary shares with rights to dividends and other entitlements from the date of issuance. The capital increase, which was carried out without pre-emption rights for existing shareholders, brings TORM's total share capital to USD 894,619.72, divided into 89,461,970 A-shares. The new shares will be subject to a 40-day lock-up period, with certain conditions allowing for resale outside the United States. This announcement follows the company's previous communication in November 2023 regarding the acquisition of eight LR2 vessels. TORM, with a fleet of approximately 90 product tanker vessels, is committed to safety, environmental responsibility, and customer service, and is listed on Nasdaq in both Copenhagen and New York.

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