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Torm ( (TRMD) ) has issued an announcement.
On March 16, 2026, TORM plc announced a capital increase tied to its long-term incentive program, issuing 106,468 new Class A shares following the exercise of an equal number of Restricted Stock Units. The new shares, subscribed in cash at two different prices, were issued without pre-emption rights for existing shareholders and carry ordinary voting and dividend rights from the date of issuance.
The capital increase raises TORM’s total share capital to USD 1,019,306.41, divided into 101,930,641 A-shares with a nominal value of USD 0.01 each, with each share carrying one vote. The new shares are expected to be admitted to trading and official listing on Nasdaq Copenhagen, marginally diluting existing shareholders while reinforcing equity-based compensation for management and employees in the product tanker operator.
The most recent analyst rating on (TRMD) stock is a Buy with a DKK34.00 price target. To see the full list of analyst forecasts on Torm stock, see the TRMD Stock Forecast page.
More about Torm
TORM plc is one of the world’s leading carriers of refined oil products, operating a global fleet of product tankers with an emphasis on safety, environmental responsibility and customer service. Founded in 1889, the company conducts business worldwide and is dual-listed on Nasdaq Copenhagen and Nasdaq in New York under the tickers TRMD A and TRMD.
YTD Price Performance: 28.18%
Average Trading Volume: 253,140
Current Market Cap: DKK16.1B
For detailed information about TRMD stock, go to TipRanks’ Stock Analysis page.