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Torm ( (TRMD) ) has issued an update.
At its Annual General Meeting held on 15 April 2026, TORM plc reported that all resolutions proposed in the March 5 notice were approved on a poll, with 52.83% of eligible voting rights represented. Shareholders adopted the 2025 Annual Report and Accounts, renewed Ernst & Young as auditor, approved the remuneration policy and report, reappointed all proposed directors, and backed updated Articles of Association.
Investors also authorized two off-market share buyback contracts, although Resolution 12 on Buyback Contract B drew a notable 26.70% vote against, alongside more than 20% opposition to the directors’ 2025 remuneration items. The board reiterated that cash dividends remain the primary capital return tool, highlighted a Q4 interim dividend paid on 25 March 2026, and pledged to consult shareholders to better understand the dissent around governance and buyback structure in light of TORM’s multi-market listings and shareholding profile.
The most recent analyst rating on (TRMD) stock is a Buy with a DKK34.00 price target. To see the full list of analyst forecasts on Torm stock, see the TRMD Stock Forecast page.
More about Torm
TORM is a global shipping company and one of the world’s leading carriers of refined oil products, operating a fleet of product tankers with a focus on safety, environmental responsibility and customer service. Founded in 1889, the company conducts business worldwide, and its shares are listed on Nasdaq Copenhagen and Nasdaq New York under the tickers TRMD A and TRMD.
Average Trading Volume: 251,199
Current Market Cap: DKK19.75B
For a thorough assessment of TRMD stock, go to TipRanks’ Stock Analysis page.