Welcome to our dedicated page for Torm news (Ticker: TRMD), a resource for investors and traders seeking the latest updates and insights on Torm stock.
TORM plc operates a global product tanker fleet that transports refined oil products, including gasoline, jet fuel, naphtha and diesel. Company news commonly covers fleet and shipping-market disclosures alongside governance actions for an issuer whose A-shares trade on Nasdaq Copenhagen and Nasdaq New York.
Recurring updates include annual general meeting notices and voting results, dividend and capital-return policy references, share-capital increases tied to Restricted Share Units, long-term incentive program grants, director and executive securities transactions, and major-shareholder announcements under Danish capital-market rules.
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.
TORM plc (NASDAQ: TRMD) has reported an insider transaction involving CEO and Executive Director Jacob Balslev Meldgaard. The executive exercised 33,559 restricted share units at a price of DKK 0.08 per share, totaling DKK 2,684.72. The transaction was executed on May 19, 2025, outside a trading venue.
TORM is a leading carrier of refined oil products, operating a fleet of product tanker vessels with a focus on safety and environmental responsibility. The company, founded in 1889, has its shares listed on both Nasdaq Copenhagen and Nasdaq New York.
TORM plc (NASDAQ: TRMD) has announced a capital increase through the issuance of 18,769 A-shares, with a nominal value of USD 187.69, following the exercise of Restricted Share Units as part of its incentive program. The new shares were subscribed for in cash at DKK 0.08 per A-share.
The new ordinary shares will carry standard rights, including dividend eligibility from the issuance date, and are expected to be listed on Nasdaq Copenhagen. Following this capital increase, TORM's total share capital stands at USD 982,829.85, consisting of 98,282,983 A-shares, one B-share, and one C-share, each with a USD 0.01 par value. The A-shares carry 98,282,983 votes, while the B and C shares maintain specific voting rights.
TORM plc (TRMD) held its Annual General Meeting on April 16, 2025, where all proposed resolutions were successfully passed. The meeting saw strong shareholder participation with 62.04% of eligible votes cast for general resolutions and 91.71% for director appointments.
Key approvals included: the 2024 Annual Report (92.63% in favor), Directors' Remuneration Report (94.21% in favor), and reappointment of Ernst & Young LLP as auditor (99.05% in favor). Notable governance decisions included the reappointment of board members, with Executive Director Jacob Meldgaard receiving 99.88% approval.
Shareholders also approved two significant special resolutions: a reduction in share premium account by USD 180 million (98.95% in favor) and the cancellation of Treasury Shares (99.05% in favor).
TORM plc has announced adjustments to its Long Term Incentive Program and Retention Program. Following the exercise of 365,096 original RSUs, the Board of Directors has granted adjustment RSUs to certain employees to account for dividend payments since the initial grant date. A total of 148,027 RSUs will be issued as restricted stock options with a strike price of one U.S. cent.
Additionally, Executive Director Jacob Meldgaard will receive 33,559 adjustment RSUs following his exercise of 85,067 original RSUs granted in 2022. These adjustment RSUs are designed to reflect dividend payments and will maintain the same exercise window as the original grants.
TORM plc (NASDAQ: TRMD) has announced a capital increase through the issuance of 12,406 A-shares, corresponding to a nominal value of USD 124.06. The new shares were subscribed for in cash at DKK 0.08 per A-share as part of the company's incentive program through Restricted Share Units exercise.
Following this capital increase, TORM's total share capital now amounts to USD 982,642.16, consisting of 98,264,214 A-shares (USD 0.01 each), one B-share (USD 0.01), and one C-share (USD 0.01). The A-shares carry a total of 98,264,214 votes, while the B and C shares have specific voting rights. The new shares are expected to be listed on Nasdaq Copenhagen.
TORM plc disclosed a notification regarding transactions in company securities by directors, executive officers, and their closely associated persons. The announcement was made from Hellerup, Denmark on March 24, 2025. For inquiries, stakeholders can contact Mikael Bo Larsen, Head of Investor Relations.
TORM plc (NASDAQ: TRMD) has announced a capital increase through the issuance of 262,294 A-shares, with a nominal value of USD 2,622.94, following the exercise of Restricted Share Units as part of its incentive program. The new shares were subscribed for in cash at DKK 0.08 per A-share.
The new ordinary shares will carry standard rights, including dividend eligibility from the issuance date, and are expected to be listed on Nasdaq Copenhagen. Following this capital increase, TORM's total share capital stands at USD 982,518.10, comprising 98,251,808 A-shares, one B-share, and one C-share, all with a USD 0.01 par value. The A-shares carry 98,251,808 votes, while the B and C shares maintain specific voting rights.