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.
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" ]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.