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

SEC announcement · Mar 12 16:21

TRMD +2.19%

Summary by Moomoo AI

TORM plc, a leading carrier of refined oil products, announced a capital increase through the issuance of 620,473 Class A common shares on March 12, 2024. 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, with a nominal value of $0.01 each, were subscribed for in cash, with 543,865 shares at DKK 0.07 per share and 76,608 shares at DKK 190.2 per share. The capital increase was conducted without pre-emption rights for existing shareholders. The newly issued shares are expected to be admitted to trading on Nasdaq Copenhagen promptly. Following the capital increase, TORM's share capital stands at USD 913,498.14, divided into 91,349,812 A-shares, one B-share, and one C-share, with the A-shares carrying the voting rights. The announcement also highlighted that transfer restrictions may apply in certain jurisdictions outside Denmark, including the US, due to securities laws.

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Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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