Summary by Moomoo AI
TORM plc, a leading carrier of refined oil products, announced on March 26, 2024, a capital increase through the issuance of 71,152 Class A common shares. This increase is a result of the exercise of Restricted Stock Units as part of the company's incentive program. The new shares, which are ordinary shares with no special rights, have been subscribed for in cash at two different prices, with 14,441 shares at DKK 0.07 and 56,711 shares at DKK 190.2 each. The shares are expected to be listed on Nasdaq Copenhagen promptly. Following the capital increase, TORM's share capital stands at USD 927,356.40, divided into 92,735,638 A-shares, one B-share, and one C-share, with the A-shares holding the total voting rights. The announcement also highlighted that the new shares will be entitled to dividends and other rights from the date of issuance. TORM, established in 1889, operates around 90 product tanker vessels and is listed on both Nasdaq Copenhagen and New York.