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TORM plc Expands Share Capital Through Incentive Program

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TORM plc Expands Share Capital Through Incentive Program

Torm ( (TRMD) ) has issued an announcement.

On March 14, 2025, TORM plc announced an increase in its share capital by 175,463 Class A common shares, following the exercise of Restricted Stock Units as part of its incentive program. This capital increase, which does not grant pre-emption rights to existing shareholders, reflects TORM’s ongoing efforts to enhance its market position and operational capabilities, with the new shares expected to be listed on Nasdaq Copenhagen soon.

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: -14.41%

Average Trading Volume: 1,174,066

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $1.71B

Find detailed analytics on TRMD stock on TipRanks’ Stock Analysis page.

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