Summary by Moomoo AI
Torm plc, a leading carrier of refined oil products, announced on February 8, 2024, a capital increase through the issuance of 6,905 Class A common shares at a par value of $0.01 per share. This increase is a result of the exercise of a corresponding number of Restricted Stock Units (RSUs) as part of the company's incentive program. The new shares were subscribed for in cash at DKK 190.2 per share and are expected to be admitted to trading on Nasdaq Copenhagen promptly. Following the capital increase, Torm's share capital now stands at USD 907,293.41, divided into 90,729,339 A-shares, with one B-share and one C-share, both with specific voting rights. The company, founded in 1889 and operating around 90 product tanker vessels, is committed to safety, environmental responsibility, and customer service. Torm is listed on Nasdaq in Copenhagen and New York, with the information from this capital increase also incorporated into the company's registration statement on Form F-3 with the U.S. Securities and Exchange Commission.