TORM plc capital increase in connection with exercise of Restricted Share Units as part of TORM's incentive program

TORM plc (NASDAQ: TRMD A) increased its share capital by 42,533 A-shares following exercise of Restricted Share Units on March 24, 2026.

Rhea-AI Summary

TORM plc (NASDAQ: TRMD A) increased its share capital by 42,533 A-shares following exercise of Restricted Share Units on March 24, 2026. The new shares were subscribed in cash at DKK 148.70 and correspond to a nominal value of USD 425.33.

After the issue, share capital totals USD 1,020,796.42, divided into 102,079,642 A-shares with a nominal value of USD 0.01 each. The shares carry one vote and are expected to be admitted to trading on Nasdaq Copenhagen.

Positive

• Issued 42,533 A-shares via RSU exercise
• Raised cash proceeds at DKK 148.70 per share
• Share capital updated to USD 1,020,796.42

Negative

• Dilution from 42,533 new A-shares to existing holders

Argus Mar 24 session

+5.71% close to close Open Argus

Details

News Market Reaction – TRMD

On Mar 24, the day this news came out, TRMD closed 5.71% above the previous close.

Data tracked by StockTitan Argus for the Mar 24 session.

Market Context

On Mar 24, the day this news came out, the stock closed 5.7% above the previous close. A strong posi...

Analysis

On Mar 24, the day this news came out, the stock closed 5.7% above the previous close. A strong positive reaction aligns with TRMD’s broader uptrend, with shares trading above the 200-day MA at 26.61. The news described a modest capital increase of 42,533 RSU-derived shares out of 102,079,642 outstanding, continuing an incentive-driven pattern seen in prior filings. Investors monitoring sustainability would watch how repeated RSU exercises and insider ownership updates interact with overall capital discipline.

Key Figures

New A-shares issued: 42,533 shares Nominal value of new shares: USD 425.33 Subscription price: DKK 148.70 +5 more

New A-shares issued

42,533 shares

Capital increase from RSU exercises

Nominal value of new shares

USD 425.33

Total nominal for 42,533 A-shares

Subscription price

DKK 148.70

Cash subscription per new A-share

Total share capital

USD 1,020,796.42

Post-increase share capital

Total A-shares outstanding

102,079,642 shares

Post-increase share count

Nominal value per share

USD 0.01

Each A-share nominal value

Pre-news share price

USD 26.61

Latest price before this RSU capital increase

Price vs 52-week high

-16.21%

Distance from 52-week high of 31.759

Historical Context

5 past events · Latest: Mar 17

5 events

1. Mar 17

   Director share sale

   24h Move

   -1.7%

   CEO reported selling 223,555 shares on Nasdaq Copenhagen at disclosed prices.

2. Mar 16

   RSU capital increase

   24h Move

   +2.0%

   Share capital increased by 106,468 A-shares following RSU exercises under incentive plan.

3. Mar 09

   Major holder update

   24h Move

   +1.5%

   Oaktree-affiliated entity disclosed holding 23,839,575 shares, or 23.39% of capital.

4. Mar 05

   AGM notice

   24h Move

   -5.8%

   Company issued formal notice and proposals for the 2026 Annual General Meeting.

5. Feb 26

   LTIP announcement

   24h Move

   +5.2%

   Adopted long-term incentive program granting RSUs to employees and executive director.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

restricted share units, transfer restrictions, securities laws, pre-emption rights, +1 more

5 terms

restricted share units financial

"as a result of the exercise of a corresponding number of Restricted Share Units"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

transfer restrictions regulatory

"Transfer restrictions may apply in certain jurisdictions outside Denmark"

Transfer restrictions are legal or contractual limits that prevent or delay selling, gifting, or otherwise moving ownership of a security. Think of them like a temporary lock on a share that can be imposed by law, a contract, or a registrar: they matter to investors because they reduce liquidity, can delay when holders can realize cash, and often affect a security’s market value and attractiveness to buyers.

securities laws regulatory

"including applicable US securities laws."

Securities laws are the rules and enforcement systems that govern the buying, selling and disclosure of stocks, bonds and other investment products; think of them as the traffic laws for financial markets that set what must be disclosed, forbid fraud and require fair dealing. They matter to investors because they help ensure companies provide accurate information, reduce the risk of deception or insider advantage, and make it easier to compare investments and seek remedies if something goes wrong.

pre-emption rights financial

"carried out without any pre-emption rights for existing shareholders or others."

A shareholder’s right to be offered new shares before they are sold to outsiders, allowing existing owners to buy enough to keep their ownership percentage. Think of it like being offered the first slice of a pie so your share doesn’t shrink; it matters to investors because it protects voting power and economic value from being diluted when a company issues more stock, and it can affect how easy or costly fundraising is.

negotiable instruments financial

"are ordinary shares without any special rights and are negotiable instruments"

Negotiable instruments are written promises or orders to pay a specific sum of money that can be transferred from one person to another—examples include checks, promissory notes, and bills of exchange—so the current holder has the legal right to collect payment. They matter to investors because they act like tradable cash or IOUs, influencing a company’s liquidity and short-term credit risk; holding or issuing them affects how quickly a business can access cash and how safe its short-term finances appear.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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HELLERUP, Denmark, March 24, 2026 /PRNewswire/ -- TORM plc (NASDAQ: TRMD or TRMD A) has increased its share capital by 42,533 A-shares (corresponding to a nominal value of USD 425.33) as a result of the exercise of a corresponding number of Restricted Share Units ("RSUs"). All new shares are subscribed for in cash at DKK 148.70.

Transfer restrictions may apply in certain jurisdictions outside Denmark, including applicable US securities laws. The capital increase is carried out without any pre-emption rights for existing shareholders or others.

The new shares (i) are ordinary shares without any special rights and are negotiable instruments, (ii) give the right to dividends and other rights in relation to TORM as of the date of issuance and (iii) are expected to be admitted to trading and official listing on Nasdaq Copenhagen as soon as possible.

After the capital increase, TORM's share capital totals to USD 1,020,796.42 divided into 102,079,642 A-shares with a nominal value of USD 0.01 each. Each A-share carries one vote.

Contact

Mikael Bo Larsen, Head of Investor Relations
Tel.: +45 5143 8002

About TORM

TORM is one of the world's leading carriers of refined oil products. TORM operates a fleet of product tanker vessels with a strong commitment to safety. environmental responsibility and customer service. TORM was founded in 1889 and conducts business worldwide. TORM's shares are listed on Nasdaq in Copenhagen and on Nasdaq in New York (ticker: TRMD A and TRMD. ISIN: GB00BZ3CNK81). For further information, please visit www.torm.com.

Safe Harbor Statement as to the Future

Matters discussed in this release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are statements other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. Words such as, but not limited to, "expects," "anticipates," "intends," "plans," "believes," "estimates," "targets," "projects," "forecasts," "potential," "continue," "possible," "likely," "may," "could," "should" and similar expressions or phrases may identify forward-looking statements.

The forward-looking statements in this release are based upon various assumptions, many of which are, in turn, based upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in our records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond our control, the Company cannot guarantee that it will achieve or accomplish these expectations, beliefs, or projections.

Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include, but are not limited to, our future operating or financial results; changes in governmental rules and regulations or actions taken by regulatory authorities; inflationary pressure and central bank policies intended to combat overall inflation and rising interest rates and foreign exchange rates; general domestic and international political conditions or events, including "trade wars" and the war between Russia and Ukraine, the developments in the Middle East, including the war in Israel and the Gaza Strip, and the conflict regarding the Houthis' attacks in the Red Sea; international sanctions against Russian oil and oil products; changes in economic and competitive conditions affecting our business, including market fluctuations in charter rates and charterers' abilities to perform under existing time charters; changes in the supply and demand for vessels comparable to ours and the number of new buildings under construction; the highly cyclical nature of the industry that we operate in; the loss of a large customer or significant business relationship; changes in worldwide oil production and consumption and storage; risks associated with any future vessel construction; our expectations regarding the availability of vessel acquisitions and our ability to complete acquisition transactions planned; availability of skilled crew members other employees and the related labor costs; work stoppages or other labor disruptions by our employees or the employees of other companies in related industries; effects of new products and new technology in our industry; new environmental regulations and restrictions; the impact of an interruption in or failure of our information technology and communications systems, including the impact of cyber-attacks, upon our ability to operate; potential conflicts of interest involving members of our Board of Directors and Senior Management; the failure of counterparties to fully perform their contracts with us; changes in credit risk with respect to our counterparties on contracts; adequacy of insurance coverage; our ability to obtain indemnities from customers; changes in laws, treaties or regulations; our incorporation under the laws of England and Wales and the different rights to relief that may be available compared to other countries, including the United States; government requisition of our vessels during a period of war or emergency; the arrest of our vessels by maritime claimants; any further changes in U.S. trade policy that could trigger retaliatory actions by the affected countries; the impact of the U.S. presidential and congressional election results affecting the economy, future government laws and regulations and trade policy matters, such as the imposition of tariffs and other import restrictions; potential disruption of shipping routes due to accidents, climate-related incidents, adverse weather and natural disasters, environmental factors, political events, public health threats, acts by terrorists or acts of piracy on ocean-going vessels; damage to storage and receiving facilities; potential liability from future litigation and potential costs due to environmental damage and vessel collisions; and the length and number of off-hire periods and dependence on third-party managers.

In the light of these risks and uncertainties, undue reliance should not be placed on forward-looking statements contained in this release because they are statements about events that are not certain to occur as described or at all. These forward-looking statements are not guarantees of our future performance, and actual results and future developments may vary materially from those projected in the forward-looking statements.

Except to the extent required by applicable law or regulation, the Company undertakes no obligation to release publicly any revisions or updates to these forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events. Please see TORM's filings with the U.S. Securities and Exchange Commission for a more complete discussion of certain of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof, and the Company disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/torm-plc/r/torm-plc-capital-increase-in-connection-with-exercise-of-restricted-share-units-as-part-of-torm-s-in,c4325213

The following files are available for download:

https://mb.cision.com/Main/21247/4325213/3998784.pdf

09-2026 - TORM plc capital increase in connection with RSU exercise as part of TORM’s incentive program

 

View original content:https://www.prnewswire.com/news-releases/torm-plc-capital-increase-in-connection-with-exercise-of-restricted-share-units-as-part-of-torms-incentive-program-302723102.html

SOURCE Torm PLC

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares did TORM (TRMD A) issue on March 24, 2026?

TORM issued 42,533 A-shares on March 24, 2026. According to the company, the shares were created by exercise of Restricted Share Units and subscribed for in cash at DKK 148.70 per share.

What was the subscription price for the new TORM (TRMD A) shares?

The new shares were subscribed at DKK 148.70 per share. According to the company, this cash subscription funded the issuance tied to exercised RSUs on March 24, 2026.

How did the capital increase affect TORM's total share capital and share count?

After the capital increase TORM's share capital is USD 1,020,796.42 across 102,079,642 A-shares. According to the company, each A-share has a nominal value of USD 0.01 and one vote.

Will the new TORM (TRMD A) shares be tradable on an exchange?

The new A-shares are expected to be admitted to trading and official listing on Nasdaq Copenhagen as soon as possible. According to the company, they are ordinary negotiable shares with dividend rights from issuance date.

Did existing TORM shareholders have pre-emption rights for these new shares?

No, the capital increase was carried out without pre-emption rights for existing shareholders. According to the company, the issuance follows RSU exercises and may have transfer restrictions in some jurisdictions.

Are there any transfer restrictions on the newly issued TORM (TRMD A) shares?

Transfer restrictions may apply in certain jurisdictions, including under applicable US securities laws. According to the company, investors should consider jurisdictional limits when trading or transferring the new shares.