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Torm ( (TRMD) ) has issued an update.
On May 22, 2025, TORM plc announced a significant financial restructuring with the reduction of its share premium account by $180 million and the cancellation of 493,371 Class A common shares previously held in treasury. This move, approved by the High Court of Justice in England and Wales and the company’s shareholders, does not involve any capital distribution or change in the nominal value of shares, but it effectively reduces the company’s share capital, potentially impacting its financial strategy and shareholder value.
The most recent analyst rating on (TRMD) stock is a Buy with a DKK137.00 price target. To see the full list of analyst forecasts on Torm stock, see the TRMD Stock Forecast page.
More about Torm
TORM is a leading global carrier of refined oil products, operating a fleet of product tanker vessels with a strong focus on safety, environmental responsibility, and customer service. Founded in 1889, TORM conducts business worldwide and is listed on Nasdaq in Copenhagen and New York.
Average Trading Volume: 332,840
Current Market Cap: DKK11.72B
See more data about TRMD stock on TipRanks’ Stock Analysis page.