TORM Expands Share Capital Amid Fleet Growth
Company Announcements

TORM Expands Share Capital Amid Fleet Growth

Torm (TRMD) has released an update.

TORM plc has expanded its share capital by 417,026 shares due to the delivery of a second-hand MR vessel, furthering its acquisition strategy. The new shares are set to trade on Nasdaq Copenhagen and are subject to a 40-day lock-up period. This move reflects TORM’s ongoing growth in the tanker vessel market.

For further insights into TRMD stock, check out TipRanks’ Stock Analysis page.

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