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Torm ( (TRMD) ) has shared an announcement.
On March 24, 2026, TORM plc announced a capital increase of 42,533 Class A shares, issued following the exercise of an equal number of Restricted Share Units under the company’s incentive program. The new ordinary shares, subscribed in cash at DKK 148.70 without pre-emption rights for existing shareholders, carry full dividend and voting rights and are expected to be admitted to trading and official listing on Nasdaq Copenhagen shortly.
Following this transaction, TORM’s total share capital rose to USD 1,020,796.42, divided into 102,079,642 A-shares with a nominal value of USD 0.01 each, with each share conferring one vote. The move modestly increases the company’s equity base while signaling ongoing use of share-based compensation, which may slightly dilute existing holdings but aligns management and employee incentives with long-term shareholder value.
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 tanker vessels with an emphasis on safety, environmental responsibility and customer service. Founded in 1889, the company conducts worldwide operations, and its shares are dual-listed on Nasdaq Copenhagen and Nasdaq New York under the tickers TRMD A and TRMD.
Average Trading Volume: 255,179
Current Market Cap: DKK17.11B
For a thorough assessment of TRMD stock, go to TipRanks’ Stock Analysis page.