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 (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.
TORM plc (Nasdaq: TRMD / TRMD A) announced that the Board appointed Simon Mackenzie Smith as Chair of the Board, effective December 16, 2025, succeeding Chris Boehringer.
The change follows a planned succession process and the Board emphasized continuity and long‑term value creation for shareholders. Chris Boehringer, who served as Chair since 2015, will remain a Board member. The release highlights TORM's strengthened financial position and continued development of the One TORM platform during Boehringer's tenure.
TORM (NASDAQ: TRMD A) increased share capital on Nov 14, 2025 by 970,646 A-shares following exercise of Restricted Share Units (RSUs), corresponding to a nominal USD 9,706.46.
Of the new shares, 963,146 were subscribed in cash at DKK 0.07 per A-share and 7,500 at DKK 140.2 per share. The issuance was carried out without pre-emption rights. After the increase, share capital amounts to USD 1,013,185.03 divided into 101,318,501 A-shares, plus one B-share and one C-share. New shares are ordinary, carry dividend rights as of issuance, and are expected to be listed on Nasdaq Copenhagen.
TORM plc (A) reported director share transactions by CEO Jacob Balslev Meldgaard related to exercise of restricted share units in November 2025.
The exercises occurred 12 November 2025 and 14 November 2025, totaling 585,473 shares (ISIN GB00BZ3CNK81) with an aggregated value of DKK 11,961,321.62. The transactions were executed outside a trading venue. Contact for the filing is Head of Investor Relations Mikael Bo Larsen.
TORM plc (NASDAQ: TRMD / TRMD A) completed a capital increase of 2,395,426 A-shares (nominal USD 23,954.26) on Nov 12, 2025 related to delivery of one LR2 vessel and exercise of Restricted Share Units (RSUs).
Key items: 748,569 shares were issued to settle a USD 17.0m allocated loan note for the 2010-built LR2 (USD 22.71 per A-share). 1,646,857 A-shares were issued on RSU exercises (1,558,790 at DKK 0.07 and 88,067 at DKK 140.2). New shares are subject to a 40-day lock-up with Regulation S resale exceptions.
Post-increase share capital: USD 1,003,478.57 divided into 100,347,855 A-shares, one B-share and one C-share.
TORM (NASDAQ: TRMD) reported Q3 2025 results with TCE USD 236.4m, Adjusted EBITDA USD 159.4m and net profit USD 77.6m. The Board approved an interim dividend of USD 0.62 per share (total ~USD 60.7m), payable 03 December 2025 (record dates 20 Nov for NYSE, 19 Nov ex-div for Copenhagen).
TORM secured financing commitments up to USD 857m to refinance loans and leases covering 22 vessels, repurchased 13 so far, and agreed acquisitions that will bring the fleet to 92 vessels. Full-year guidance was narrowed with TCE expected at USD 875–925m and EBITDA at USD 540–590m. As of 31 Oct, 89% of 2025 earning days were fixed at an average USD/day 28,281.
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" ]FAQ
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