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

SEC announcement ·  Apr 9 16:51
Summary by Moomoo AI
On April 9, 2024, TORM plc announced a capital increase through the issuance of 255,200 Class A common shares following the exercise of an equivalent number of Restricted Stock Units (RSUs) as part of the company's incentive program. The capital increase was executed without pre-emption rights for existing shareholders. Shares were subscribed for in cash, with 170,134 shares at DKK 0.07 each and 85,066 shares at DKK 190.2 each. The new shares are expected to be listed on Nasdaq Copenhagen promptly. This capital increase brings TORM's total share capital to USD 937,163.23, divided into 93,716,321 A-shares. In related transactions, CEO Jacob Meldgaard exercised 255,200 RSUs, and board member Göran Trapp sold 6,410 Class A common shares. The announcements were made in conjunction with TORM's compliance with the U.S. Securities and Exchange Commission's Form 6-K requirements and are incorporated by reference into the company's Form F3 registration statement.
On April 9, 2024, TORM plc announced a capital increase through the issuance of 255,200 Class A common shares following the exercise of an equivalent number of Restricted Stock Units (RSUs) as part of the company's incentive program. The capital increase was executed without pre-emption rights for existing shareholders. Shares were subscribed for in cash, with 170,134 shares at DKK 0.07 each and 85,066 shares at DKK 190.2 each. The new shares are expected to be listed on Nasdaq Copenhagen promptly. This capital increase brings TORM's total share capital to USD 937,163.23, divided into 93,716,321 A-shares. In related transactions, CEO Jacob Meldgaard exercised 255,200 RSUs, and board member Göran Trapp sold 6,410 Class A common shares. The announcements were made in conjunction with TORM's compliance with the U.S. Securities and Exchange Commission's Form 6-K requirements and are incorporated by reference into the company's Form F3 registration statement.
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