Torm Plc Stock Price, News & Analysis

TORM plc (NASDAQ: TRMD) has announced a significant Long Term Incentive Program, granting restricted share units (RSUs) to select employees and Executive Director Jacob Meldgaard. The program includes 1,293,434 RSUs for employees and an additional 500,000 RSUs for Meldgaard, with a strike price of one US cent and vesting date of October 1, 2028.

The theoretical market value of the RSU allocation is USD 40.0 million, calculated using the Black-Scholes model with a 42.5% share volatility and a risk-free rate of 1.91%. Additionally, TORM has moved forward the vesting date of its March 2023 Additional Retention Program from March 1, 2026, to November 7, 2025.

[ "Total RSU program valued at USD 40.0 million demonstrates significant investment in employee retention", "Strike price of one US cent is highly favorable for participants", "Long-term vesting period until October 2028 promotes employee retention and alignment with company goals" ]

Hafnia Limited (NYSE:HAFN) has entered into a binding share purchase agreement with Oaktree Capital Management to acquire approximately 14.1 million A shares in TORM plc, representing 14.45% of TORM's issued share capital. The shares are priced at $22 per share, totaling $311.4 million.

The completion of the acquisition is subject to customary conditions, including regulatory approvals and the appointment of a new independent board chair of TORM. Following market speculation, Hafnia acknowledges the potential for a business combination on a net asset value basis (NAV-for-NAV) with TORM, though no formal discussions have taken place yet.

TORM plc (NASDAQ: TRMD) announced that Hafnia Limited will acquire approximately 14.1 million A shares (14.45% of TORM's issued share capital) from Oaktree Capital Management. The transaction is valued at USD 22 per share, totaling USD 311.4 million.

The share purchase completion is subject to several conditions, including regulatory approvals, satisfaction of certain covenants, and the appointment of a new independent board chairman. TORM clarified that it was not involved in the transaction and has no additional information at this time.

Hafnia Limited (NYSE:HAFN) has entered into a preliminary agreement to acquire approximately 14.1 million A shares in TORM plc, representing a 14.45% stake for $311.4 million from Oaktree Capital Management. The acquisition price is set at $22 per share.

The completion of the share purchase is subject to several conditions, including regulatory approvals, satisfaction of certain covenants, and the appointment of a new independent board chair of TORM. While Hafnia views industry consolidation positively, no decisions have been made regarding future transactions, and the company has explicitly stated this will not be structured as an offer under the UK Takeover Code.

Hafnia, as one of the world's leading tanker owners with a fleet of around 200 vessels, sees TORM as a well-managed company with a high-quality fleet, making this a strategic investment in the tanker industry.

TORM plc (NASDAQ: TRMD) reported Q2 2025 financial results with TCE earnings of USD 208.2 million and a net profit of USD 58.7 million, showing a year-over-year decline from Q2 2024's exceptional performance. The company achieved average TCE rates of USD 26,672 per day across its fleet.

TORM declared a quarterly dividend of USD 0.40 per share, representing a 67% payout ratio. The company has also secured financing commitments of up to USD 857 million to refinance existing loans and lease agreements.

Following strong performance and positive outlook, TORM has raised its full-year 2025 guidance, projecting TCE earnings of USD 800-950 million and EBITDA of USD 475-625 million.

TORM plc has announced a capital increase through the issuance of 11,236 A-shares, with a nominal value of USD 112.36, as part of its incentive program involving Restricted Share Units. The new shares were subscribed for in cash at DKK 0.08 per A-share and will carry the same rights as existing ordinary shares, including dividend rights from the issuance date. Following this capital increase, TORM's total share capital stands at USD 979,524.31, consisting of 97,952,429 A-shares, one B-share, and one C-share, all with a nominal value of USD 0.01 each. The A-shares carry a total of 97,952,429 votes, while the B and C shares have specific voting rights.

TORM (TRMD) has acquired the remaining 25% stake in ME Production (MEP), a Danish industrial engineering company specializing in green maritime equipment, gaining full ownership after initially acquiring 75% in 2022. The companies have collaborated since 2018, with MEP installing over 70 exhaust gas cleaning systems on TORM vessels. MEP will maintain its independence and headquarters in Frederikshavn, Denmark. Through their partnership, TORM achieved a 40% reduction in CO₂ intensity compared to 2008, surpassing IMO's 2030 target by six years. MEP's key innovations include heat pump systems for reducing energy use in ships and industrial facilities. As sole owner, TORM will provide enhanced strategic support and investment to accelerate MEP's growth as an innovation center for clean maritime technologies.

TORM plc (TRMD) has announced the completion of two significant corporate actions following approval from the High Court of Justice in England and Wales. The company executed a USD 180 million capital reduction from its share premium account and cancelled 493,371 A-shares previously held as Treasury Shares. Following these actions, TORM's share capital now stands at USD 979,411.95, consisting of 97,941,193 A-shares, one B-share, and one C-share, all with a nominal value of USD 0.01 each. The capital reduction does not involve any distribution or payment of capital and does not change the nominal value of shares. These corporate actions were previously approved by shareholders at the Annual General Meeting held on April 16, 2025.

TORM plc (NASDAQ: TRMD) has announced a capital increase through the issuance of 151,581 A-shares at a nominal value of USD 1,515.81. This increase results from the exercise of Restricted Share Units as part of the company's incentive program. The new shares were subscribed for in cash at DKK 0.08 per A-share.

Following the capital increase, TORM's total share capital now stands at USD 984,345.66, consisting of 98,434,564 A-shares, one B-share, and one C-share, each with a nominal value of USD 0.01. The A-shares carry a total of 98,434,564 votes, while the B and C shares have specific voting rights. The new shares are expected to be listed on Nasdaq Copenhagen soon.