TORM Expands Share Capital Amid Vessel Acquisition

Torm (TRMD) has released an update.

TORM plc has increased its share capital by 352,152 shares following the delivery of a newly acquired MR vessel, part of a larger purchase of eight second-hand vessels. The new shares are set to be listed on Nasdaq Copenhagen and are subject to a 40-day lock-up period outside the United States. This move raises TORM’s share capital to USD 960,064.89, enhancing its presence in the stock market.

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