Welcome to our dedicated page for Torm Plc news (Ticker: TRMD), a resource for investors and traders seeking the latest updates and insights on Torm Plc stock.
TORM plc (TRMD) is a product tanker shipping company that owns and operates vessels transporting refined oil products and other clean petroleum products such as gasoline, jet fuel, naphtha, and diesel oil. As one of the world’s leading carriers of refined oil products, TORM regularly publishes news and regulatory announcements that are relevant to investors, analysts, and others following the deep sea freight transportation industry.
The news flow around TORM covers several recurring themes. Company announcements frequently address capital increases related to the exercise of restricted share units (RSUs), issuance of new A-shares in connection with vessel deliveries, and changes in the company’s share capital and voting rights. TORM also reports on long-term incentive and retention programs, where RSUs in the form of restricted stock options are granted to employees and executive management under its remuneration policy.
Another important category of news consists of interim financial results, where TORM reports time charter equivalent earnings, earnings before interest, taxes, depreciation and amortization, and net profit for recent quarters and periods. These releases often include commentary on the product tanker market, fleet developments, and dividend distributions in line with the company’s distribution policy.
Governance and shareholder-related updates also feature in TORM’s news. Recent announcements describe changes in the composition of the Board of Directors, including the appointment of a new Chair of the Board, as well as major shareholder developments such as the acquisition of a significant stake in TORM A-shares by Hafnia Limited from Oaktree Capital Management, L.P. and its affiliates. Certain news items explain how these ownership changes interact with provisions in TORM’s articles of association, including the occurrence of a defined threshold date that affects special voting rights and board positions.
Users following TORM’s news on Stock Titan can review a stream of company press releases, market updates, and regulatory communications that reflect both operational performance and corporate actions. This provides context on how TORM manages its fleet of product tankers, equity structure, incentive programs, and governance framework over time.
TORM plc (A / NASDAQ: TRMD A) disclosed a director transaction dated 12 March 2026. CEO and executive director Jacob Balslev Meldgaard sold 223,555 shares of TORM ordinary shares (ISIN GB00BZ3CNK81) on Nasdaq Copenhagen at DKK 163.46 per share, aggregating to DKK 36,451,115. The notification was filed as an initial notification. Investor relations contact: Mikael Bo Larsen.
TORM plc (NASDAQ: TRMD / TRMD A) increased its share capital by 106,468 A-shares following exercise of Restricted Share Units (RSUs), corresponding to a nominal value of USD 1,064.68. A total of 34,880 shares were subscribed at DKK 131.80 and 71,588 at DKK 148.70.
The new ordinary A-shares carry voting and dividend rights as of issuance, are negotiable instruments, and are expected to be listed on Nasdaq Copenhagen as soon as possible. Transfer restrictions may apply in some jurisdictions, including U.S. securities law. After the increase, share capital totals USD 1,019,306.41 divided into 101,930,641 A-shares.
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.
TORM plc (A) has issued formal notice and full proposals for its Annual General Meeting to be held at noon London time on Wednesday, 15 April 2026. The notice details the business to be proposed at the AGM and provides investor contact names and phone numbers for queries.
TORM plc (Nasdaq: A) has adopted a long-term incentive program granting Restricted Share Units (RSUs) to employees and Executive Director Jacob Meldgaard. For 2025, 1,356,087 RSUs will be granted and 255,200 RSUs to Jacob Meldgaard, vesting over three years from 01 January 2027.
Each RSU may be exercised for one TORM A-share at an exercise price of DKK 167.14; theoretical market value of the allocation is USD 10.9m. P&L impact is forecast at USD 6.2m (2026), 3.3m (2027) and 1.4m (2028).
TORM (A) reported full-year 2025 results with TCE USD 910m, adjusted EBITDA USD 578m and net profit USD 286m. Return on invested capital fell to 11.5% from 24.3% in 2024. The Board approved a Q4 dividend of USD 0.70 per share payable 25 March 2026. For 2026 TORM expects TCE USD 850–1,250m and EBITDA USD 500–900m, with 23% of 2026 earning days covered as of 17 February 2026.
Fleet activity included nine second-hand acquisitions, purchase options exercised on 14 leaseback vessels, and a year-end fleet of 93 vessels.
TORM plc (NASDAQ: TRMD) announced that the threshold date in its articles has occurred on 6 January 2026 after Hafnia's acquisition reduced Oaktree's stake below one-third.
As a result, the B-Director position and related authorities are extinguished, Deputy Chairman David Weinstein leaves the Board effective this date and will continue as Special Advisor. Article 137 limitations cease to have effect immediately. C-share voting rights for 350,000,000 shares have ceased; one B-share retains one vote until redemption. Voting rights now total 101,332,707 A-shares plus one B-share. Post-redemption share capital will be USD 1,013,327.07 divided into 101,332,707 A-shares of USD 0.01 each.
TORM plc (NASDAQ: TRMD / TRMD A) announced that Oaktree completed its acquisition of A shares on 22 December 2025. Following the transaction, Oaktree holds 26,425,059 A shares and Hafnia holds 14,156,061 A shares out of a total 101,332,707 A shares.
The board will now follow Article 5 of the Articles to determine the threshold date when Oaktree and affiliates first ceased to beneficially own at least one third of issued shares. On the threshold date the office of the B director, the C share voting rights and the limitations under Article 137 will cease to have effect, and the B and C share will be redeemed and cancelled. Further announcements will follow once processes conclude.
Hafnia (NYSE:HAFN) completed the acquisition of approximately 14.1 million A shares in TORM plc (NASDAQ:TRMD) on 22 December 2025. The acquired shares represent about 13.97% of TORM's issued share capital as of the date hereof. Hafnia said all conditions precedent under the share purchase agreement with Oaktree were satisfied and a Schedule 13D was filed with the SEC the same day for details on its plans and intentions.
Hafnia is a global tanker owner operating around 200 vessels and is part of BW Group; the announcement is made under Norwegian Securities Trading Act section 5-12.
Hafnia (OSE: HAFNI, NYSE: HAFN) announced that all conditions precedent have been satisfied for its acquisition of approximately 14.1 million A-shares in TORM (CSE: TRMD A, NASDAQ: TRMD) from Oaktree. After TORM issued 3,380,278 new A-shares since 11 September 2025, Hafnia's stake will represent about 13.97% of TORM's issued share capital as of the date of this announcement. Completion is expected to occur shortly, after which Hafnia will hold approximately 13.97% of TORM.
Additional corporate background: Hafnia operates ~200 vessels and is part of BW Group, with offices in Singapore, Copenhagen, Houston, and Dubai and over 4,000 employees.