[6-K] TORM plc Current Report (Foreign Issuer)
TORM plc reported an increase in share capital totaling 2,395,426 Class A common shares. The change comprises 748,569 shares issued in connection with the delivery of one LR2 vessel and 1,646,857 shares issued upon the exercise of a corresponding number of Restricted Stock Units. These actions expand the company’s outstanding equity base through a mix of fleet-related consideration and equity compensation settlement.
The company also stated that the information is incorporated by reference into its effective Form F-3 registration statement (File No. 333-283943), providing updated disclosure for potential future use under that shelf.
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Insights
Routine share capital increase; administrative update under the shelf.
TORM added 2,395,426 Class A shares via two mechanisms: LR2 vessel delivery (748,569 shares) and RSU exercises (1,646,857 shares). This is a standard equity issuance tied to operational and compensation events.
The disclosure is also incorporated into the effective Form F-3, aligning public information with shelf eligibility. Actual market impact depends on trading dynamics and any subsequent transactions using the shelf.