# TORM plc Increases Share Capital by Tapping Restricted Share Units
HELLERUP, Denmark, April 28, 2025 /PRNewswire/ — TORM plc TRMD has increased its share capital by 18,769 A-shares, corresponding to a nominal value of USD 187.69. This change resulted from the exercise of the same number of Restricted Share Units.
These newly issued shares have been fully subscribed in cash at a price of DKK 0.08 per A-share.
Potential transfer restrictions may apply in jurisdictions outside Denmark, including relevant U.S. securities laws. Notably, the capital increase does not confer any pre-emption rights to existing shareholders or others.
Details on New Shares
The new shares (i) are ordinary shares without special rights and are negotiable, (ii) confer the right to dividends and other perks from TORM from the issuance date, and (iii) are anticipated to commence trading and be listed on Nasdaq Copenhagen soon.
Impact on TORM’s Share Capital
Following this capital increase, TORM’s total share capital is now USD 982,829.85. This amount is divided into 98,282,983 A-shares at USD 0.01 each, along with one B-share and one C-share, both also valued at USD 0.01. The A-shares carry a total of 98,282,983 votes, while the B- and C-shares possess specific voting rights.
Contact Information
Contact
Mikael Bo Larsen, Head of Investor Relations
Tel.: +45 5143 8002
About TORM
TORM is a leading international carrier of refined oil products, operating a robust fleet of product tanker vessels. Founded in 1889, TORM is committed to safety, environmental responsibility, and customer service, with shares listed on Nasdaq Copenhagen and Nasdaq New York TRMD.
Safe Harbor Statement
This release may contain forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. Such statements reflect current expectations regarding future events and financial performance, including plans, objectives, and other relevant factors. The Company seeks to use the safe harbor provisions of the Act and includes this cautionary statement accordingly.
Factors that could cause actual results to differ materially from these forward-looking statements include changes in industry conditions, regulatory actions, inflationary pressures, and geopolitical events, among others. These factors may significantly influence the anticipated outcomes and performance of TORM.
# Torm PLC Highlights Forward-Looking Statements Amid Risks and Uncertainties
## Overview of Operational Risks
Torm PLC faces various operational risks that could significantly impact its performance. These include contractual obligations, the sufficiency of insurance coverage, and the company’s ability to secure indemnities from clients. The firm is governed by the laws of England and Wales, which may offer different legal remedies compared to jurisdictions like the United States.
The potential requisition of vessels during wartime, the arrest of ships by maritime claimants, and shifts in U.S. trade policy could also create significant challenges. Moreover, the outcomes of U.S. elections could influence the economy, regulatory environment, and trade matters, such as tariffs and import restrictions.
## Environmental and External Factors
Shipping routes are susceptible to disruption from accidents, adverse weather, and climate-related incidents. Other risks include political instability, public health threats, terrorism, and piracy on ocean-going vessels. Torm is also exposed to liabilities that may arise from litigation, environmental damages, and vessel collisions. The reliability of storage and receiving facilities is another critical consideration, along with potential costs related to off-hire periods and reliance on third-party management.
## Caution on Forward-Looking Statements
Given these risks, stakeholders are advised to exercise caution regarding forward-looking statements issued by the company. Such statements may not reflect actual future performance, as various unforeseen events could lead to materially different outcomes.
The company is not obligated to publicly update these forward-looking statements unless required by law or regulation. For a comprehensive view of potential risks and uncertainties, refer to Torm’s filings with the U.S. Securities and Exchange Commission. The information contained in this release is accurate only as of the date stated.
## Source Information
This information is sourced from Torm PLC’s recent statements and can be accessed through the following link for further details:
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