Torm (TRMD) has released an update.
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Torm plc has expanded its share capital by over 961,000 shares, driven by the delivery of two MR vessels and the exercise of restricted share units as part of its incentive program. The new shares are anticipated to be listed on Nasdaq Copenhagen and are subject to a 40-day lock-up period. This move follows the acquisition of eight second-hand MR vessels, marking a significant growth in Torm’s fleet and financial strategy.
For further insights into TRMD stock, check out TipRanks’ Stock Analysis page.