TORM plc -Major Shareholder Announcement

Rhea-AI Summary

TORM plc (NASDAQ: TRMD, TRMD A) announced on March 9, 2026 that Oaktree Capital Group Holdings GP, LLC notified the company that OCM Njord Holdings S.à r.l. holds 23,839,575 shares, representing 23.39% of TORM's total share capital and voting rights.

The disclosure was made under section 30 of the Danish Capital Markets Act and names the investor and the exact stake size.

Positive

• Disclosure increases transparency about major ownership with a 23.39% stake
• Identifies a large institutional holder, which may signal long‑term investor interest

Negative

• Single holder controls 23.39% of votes, concentrating shareholder influence

News Market Reaction – A

+1.36%

1 alert

+1.36% News Effect

On the day this news was published, A gained 1.36%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Oaktree-held shares: 23,839,575 shares Ownership percentage: 23.39% Investor relations phone: +45 5143 8002 +1 more

4 metrics

Oaktree-held shares 23,839,575 shares OCM Njord Holdings S.à r.l. stake in TORM plc

Ownership percentage 23.39% Share of TORM plc total share capital and voting rights

Investor relations phone +45 5143 8002 Head of Investor Relations contact number

Year founded 1889 TORM founding year

Market Reality Check

Price: $115.40 Vol: Volume 1,750,358 vs 20-da...

low vol

$115.40 Last Close

Volume Volume 1,750,358 vs 20-day average 2,757,224 (relative volume 0.63x). low

Technical Price 115.125 is trading below 200-day MA at 129.86 ahead of this filing-driven news.

Peers on Argus

A is down 2.57% while key peers mostly trade lower too: IQV -2.08%, MTD -2.68%, ...

A is down 2.57% while key peers mostly trade lower too: IQV -2.08%, MTD -2.68%, WAT -2.92%, LH -1.36%, but IDXX is slightly up 0.13%, suggesting mixed sector pressure rather than a clean sector-wide move tied to this TORM ownership disclosure.

Historical Context

5 past events · Latest: Mar 05 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Mar 05	AGM notice	Neutral	-2.0%	Publication of notice and full proposals for TORM’s 2026 AGM in London.
Feb 26	Incentive program	Neutral	-3.0%	TORM adoption of RSU-based long-term incentive program for staff and CEO.
Feb 26	Annual report & dividend	Positive	-3.0%	TORM full-year 2025 results, Q4 dividend declaration, 2026 financial outlook and fleet update.
Feb 25	Earnings results	Positive	-3.0%	Agilent Q1 FY2026 earnings with revenue growth and raised full-year guidance.
Feb 23	Conference appearance	Neutral	+0.2%	Agilent announcement of participation in TD Cowen’s 2026 health care conference.

Pattern Detected

Recent news for both TORM and Agilent often saw negative 24h moves, even when earnings, dividends, or incentive plans appeared generally constructive or routine.

Recent Company History

Over the last few weeks, TORM-related updates included AGM proposals on Mar 05, a long-term incentive program, and its 2025 annual report with dividends and a 93-vessel fleet, all followed by ~2–3% share declines. Agilent reported stronger Q1 FY2026 results and raised FY26 guidance on Feb 25, yet also saw a -3.01% reaction. A conference participation announcement on Feb 23 produced only a small positive move. Today’s major shareholder announcement for TORM appears against this backdrop of cautious trading around both companies’ news.

Market Pulse Summary

This announcement details that OCM Njord Holdings S.à r.l., linked to Oaktree, holds 23,839,575 TORM...

Analysis

This announcement details that OCM Njord Holdings S.à r.l., linked to Oaktree, holds 23,839,575 TORM shares, equal to 23.39% of total share capital and voting rights, under the Danish Capital Markets Act. It clarifies the ownership structure rather than changing fundamentals. In context of recent TORM news about incentives, dividends, and outlook, investors may monitor future changes in this stake alongside earnings, fleet developments, and broader shipping market conditions.

Key Terms

danish capital markets act, isin

2 terms

danish capital markets act regulatory

"In accordance with section 30 of the Danish Capital Markets Act, TORM plc..."

A national law that sets the rules for trading, reporting and oversight of securities and financial markets in Denmark; think of it as the official rulebook that governs how companies, investors and intermediaries must behave when raising capital or trading shares. It matters to investors because it mandates information disclosure, market transparency and conduct standards that reduce fraud, make prices more reliable and protect shareholder rights, helping investors judge risks and make informed decisions.

isin technical

"ticker: TRMD A and TRMD. ISIN: GB00BZ3CNK81"

A 12-character International Securities Identification Number (ISIN) is a unique code that acts like a passport for a specific stock, bond or other tradable security so it can be identified worldwide. Investors and systems use it to ensure they are buying, selling and tracking the exact same instrument across exchanges and data feeds, which prevents costly mix-ups and makes portfolio reporting, settlement and regulatory checks simpler and more reliable.

AI-generated analysis. Not financial advice.

HELLERUP, Denmark, March 9, 2026 /PRNewswire/ -- In accordance with section 30 of the Danish Capital Markets Act, TORM plc (NASDAQ: TRMD) (NASDAQ: TRMD A) hereby announces that:

Oaktree Capital Group Holdings GP, LLC has informed TORM plc that OCM Njord Holdings S.à r.l. holds an aggregate of 23,839,575 shares in TORM plc, which corresponds to 23.39 % of the total share capital and total voting rights in TORM plc.

Contact

Mikael Bo Larsen, Head of Investor Relations
Tel.: +45 5143 8002

About TORM

TORM is one of the world's leading carriers of refined oil products. TORM operates a fleet of product tanker vessels with a strong commitment to safety. environmental responsibility and customer service. TORM was founded in 1889 and conducts business worldwide. TORM's shares are listed on Nasdaq in Copenhagen and on Nasdaq in New York (ticker: TRMD A and TRMD. ISIN: GB00BZ3CNK81). For further information, please visit www.torm.com.

Safe Harbor Statement as to the Future

Matters discussed in this release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are statements other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. Words such as, but not limited to, "expects," "anticipates," "intends," "plans," "believes," "estimates," "targets," "projects," "forecasts," "potential," "continue," "possible," "likely," "may," "could," "should" and similar expressions or phrases may identify forward-looking statements.

The forward-looking statements in this release are based upon various assumptions, many of which are, in turn, based upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in our records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond our control, the Company cannot guarantee that it will achieve or accomplish these expectations, beliefs, or projections.

Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include, but are not limited to, our future operating or financial results; changes in governmental rules and regulations or actions taken by regulatory authorities; inflationary pressure and central bank policies intended to combat overall inflation and rising interest rates and foreign exchange rates; general domestic and international political conditions or events, including "trade wars" and the war between Russia and Ukraine, the developments in the Middle East, including the war in Israel and the Gaza Strip, and the conflict regarding the Houthis' attacks in the Red Sea; international sanctions against Russian oil and oil products; changes in economic and competitive conditions affecting our business, including market fluctuations in charter rates and charterers' abilities to perform under existing time charters; changes in the supply and demand for vessels comparable to ours and the number of newbuildings under construction; the highly cyclical nature of the industry that we operate in; the loss of a large customer or significant business relationship; changes in worldwide oil production and consumption and storage; risks associated with any future vessel construction; our expectations regarding the availability of vessel acquisitions and our ability to complete acquisition transactions planned; availability of skilled crew members other employees and the related labor costs; work stoppages or other labor disruptions by our employees or the employees of other companies in related industries;  effects of new products and new technology in our industry;  new environmental regulations and restrictions; the impact of an interruption in or failure of our information technology and communications systems, including the impact of cyber-attacks, upon our ability to operate; potential conflicts of interest involving members of our Board of Directors and Senior Management; the failure of counterparties to fully perform their contracts with us; changes in credit risk with respect to our counterparties on contracts; adequacy of insurance coverage; our ability to obtain indemnities from customers; changes in laws, treaties or regulations; our incorporation under the laws of England and Wales and the different rights to relief that may be available compared to other countries, including the United States; government requisition of our vessels during a period of war or emergency; the arrest of our vessels by maritime claimants; any further changes in U.S. trade policy that could trigger retaliatory actions by the affected countries; the impact of the U.S. presidential and congressional election results affecting the economy, future government laws and regulations and trade policy matters, such as the imposition of tariffs and other import restrictions; potential disruption of shipping routes due to accidents, climate-related incidents, adverse weather and natural disasters, environmental factors, political events, public health threats, acts by terrorists or acts of piracy on ocean-going vessels; damage to storage and receiving facilities; potential liability from future litigation and potential costs due to environmental damage and vessel collisions; and the length and number of off-hire periods and dependence on third-party managers.

In the light of these risks and uncertainties, undue reliance should not be placed on forward-looking statements contained in this release because they are statements about events that are not certain to occur as described or at all. These forward-looking statements are not guarantees of our future performance, and actual results and future developments may vary materially from those projected in the forward-looking statements.

Except to the extent required by applicable law or regulation, the Company undertakes no obligation to release publicly any revisions or updates to these forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events. Please see TORM's filings with the U.S. Securities and Exchange Commission for a more complete discussion of certain of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof, and the Company disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.

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https://news.cision.com/torm-plc/r/major-shareholder-announcement,c4318335

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06-2026 - Major Shareholder Announcement

 

View original content:https://www.prnewswire.com/news-releases/torm-plc--major-shareholder-announcement-302707961.html

SOURCE Torm PLC

FAQ

What stake did OCM Njord Holdings report in TORM plc (TRMD) on March 9, 2026?

According to TORM plc, OCM Njord Holdings reported holding 23,839,575 shares, equal to 23.39% of total share capital and voting rights as of March 9, 2026.

How does the March 9, 2026 major shareholder notice affect TORM plc (TRMD) governance?

The notice indicates a concentrated ownership position of 23.39%, which could affect voting outcomes. According to TORM plc, the disclosure simply reports the holder and exact stake under Danish law.

Who reported the 23.39% stake in TORM plc (TRMD) and under which law was it disclosed?

According to TORM plc, Oaktree Capital Group Holdings GP, LLC informed the company that OCM Njord Holdings holds the stake, disclosed under section 30 of the Danish Capital Markets Act.

Does the March 9, 2026 announcement mean Oaktree controls TORM plc (TRMD)?

No, the announcement reports a 23.39% holding but does not state control. According to TORM plc, it only discloses the holder and the exact percentage of shares and votes.

How can investors verify the March 9, 2026 shareholder disclosure for TORM plc (TRMD)?

Investors can review regulatory filings and company disclosures for confirmation. According to TORM plc, the company published the section 30 notice naming the holder and the 23.39% stake.