Torm ( (TRMD) ) has shared an update.
On April 16, 2025, TORM plc announced the successful passing of all resolutions during its Annual General Meeting. Key resolutions included the adoption of the Annual Report and Accounts 2024, approval of the Directors’ Remuneration Report 2024, and the reappointment of several directors. The meeting also approved the reduction of the company’s share premium account by USD 180 million and the cancellation of Treasury Shares, which could impact the company’s financial structure and shareholder value.
More about Torm
TORM is a leading global carrier of refined oil products, operating a fleet of product tanker vessels with a strong emphasis on safety, environmental responsibility, and customer service. Founded in 1889, TORM conducts business worldwide and is listed on Nasdaq in Copenhagen and New York.
YTD Price Performance: -20.36%
Average Trading Volume: 1,067,615
Technical Sentiment Signal: Buy
Current Market Cap: $1.52B
See more insights into TRMD stock on TipRanks’ Stock Analysis page.