- TORM plc (TRMD, Financial) has increased its share capital with the issuance of 18,769 A-shares.
- The new shares were subscribed at DKK 0.08 per A-share and are anticipated to trade on Nasdaq Copenhagen.
- The total share capital now stands at USD 982,829.85 with 98,282,983 A-shares, one B-share, and one C-share.
TORM plc (NASDAQ: TRMD) has announced a capital increase through the issuance of 18,769 A-shares, each with a nominal value of USD 187.69. This increase was carried out following the exercise of Restricted Share Units as part of the company's incentive program. The new shares were subscribed for in cash at a price of DKK 0.08 per A-share.
The newly issued ordinary shares carry standard rights, including eligibility for dividends from the issuance date. These shares are expected to be listed on Nasdaq Copenhagen soon. Following this capital increase, TORM's total share capital amounts to USD 982,829.85, consisting of 98,282,983 A-shares, one B-share, and one C-share. Each share has a nominal value of USD 0.01.
The A-shares come with 98,282,983 votes, while the B and C shares have specific voting rights. TORM, a leading carrier of refined oil products, continues to expand its financial and operational capabilities through strategic initiatives like this share capital increase.
