TORM holder Hafnia lifts stake to 18.22%

Hafnia Limited discloses an 18.22% beneficial stake in TORM plc after purchasing 4.5 million Class A shares in a $145.1 million secondary offering.

Rhea-AI Filing Summary

TORM plc (TRMD) has an updated ownership disclosure from Hafnia Limited. As of September 15, 2026, Hafnia reports beneficial ownership of 18,656,061 Class A shares of TORM, equal to 18.22% of the outstanding Class A shares, with sole voting and sole dispositive power over this stake.

On September 15, 2026, Hafnia acquired 4,500,000 Class A shares in a secondary offering structured as a bought transaction by J.P. Morgan Securities LLC at an offering price of $32.25 per share, for an aggregate purchase price of $145,125,000. Hafnia states these shares were purchased using proceeds of a loan from its major shareholder, BW Group Limited. The ownership percentage is based on 102,421,267 Class A shares outstanding as of September 11, 2026.

Filing Explained

Hafnia’s amended report confirms sole voting and dispositive power over its 18.22% TORM stake.

Schedule 13D reports ownership above 5%; this Amendment No. 1 states that Hafnia Limited may be deemed to beneficially own 18.22% of TORM’s Class A shares.

The amended filing specifies that Hafnia has sole voting power and sole dispositive power over 18,656,061 Class A shares, documenting its reported control over voting and disposition of that stake.

Key Figures

Beneficial ownership: 18,656,061 Class A shares Ownership percentage: 18.22% Shares outstanding: 102,421,267 Class A shares +3 more

6 metrics

Beneficial ownership 18,656,061 Class A shares Shares beneficially owned by Hafnia Limited as of September 15, 2026

Ownership percentage 18.22% Portion of TORM Class A shares beneficially owned by Hafnia Limited

Shares outstanding 102,421,267 Class A shares TORM Class A shares outstanding as of September 11, 2026

Newly acquired shares 4,500,000 Class A shares Shares acquired by Hafnia Limited on September 15, 2026

Offering price $32.25 per share Price paid by Hafnia Limited in the September 15, 2026 secondary offering

Aggregate purchase price $145,125,000 Total consideration for 4,500,000 Class A shares acquired by Hafnia Limited

Key Terms

beneficially own, sole voting power, sole dispositive power, secondary offering, +1 more

5 terms

beneficially own financial

"As of September 15, 2026, Hafnia may be deemed to beneficially own 18,656,061"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

sole voting power financial

"Hafnia has sole voting power and sole dispositive power over 18,656,061 Class"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

sole dispositive power financial

"Hafnia has sole voting power and sole dispositive power over 18,656,061 Class"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

secondary offering financial

"acquired 4,500,000 Class A Shares in a secondary offering structured as a"

A secondary offering is when a company sells new shares of its stock to the public after its initial sale. This allows existing shareholders or the company itself to raise additional money. For investors, it can impact the stock’s price by increasing the total number of shares available, which may influence the stock’s value and how the market perceives the company’s financial health.

bought transaction financial

"secondary offering structured as a bought transaction by J.P. Morgan Securities"

FAQ

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

What percentage of TORM plc (TRMD) does Hafnia Limited now beneficially own?

Hafnia Limited reports beneficial ownership of 18,656,061 Class A shares of TORM plc, representing approximately 18.22% of the outstanding Class A shares, based on 102,421,267 Class A shares outstanding as of September 11, 2026.

How many TORM plc (TRMD) shares did Hafnia Limited recently acquire and at what price?

On September 15, 2026, Hafnia Limited acquired 4,500,000 TORM Class A shares in a secondary offering at an offering price of $32.25 per share, for a total purchase price of $145,125,000.

How did Hafnia Limited finance its recent purchase of TORM plc (TRMD) shares?

Hafnia Limited states that the Class A shares acquired on September 15, 2026 were purchased using proceeds of a loan from its major shareholder, BW Group Limited.

What voting and dispositive powers does Hafnia Limited have over its TORM plc (TRMD) shares?

Hafnia Limited reports having sole voting power and sole dispositive power over 18,656,061 TORM Class A shares, representing approximately 18.22% of the outstanding Class A shares.

What is the total number of TORM plc (TRMD) Class A shares outstanding used in Hafnia’s ownership calculation?

Hafnia Limited’s ownership percentage is calculated using a total of 102,421,267 TORM Class A shares outstanding as of September 11, 2026, as disclosed by TORM.

What type of transaction was used for Hafnia Limited’s latest TORM plc (TRMD) share purchase?

Hafnia Limited acquired 4,500,000 TORM Class A shares in a secondary offering structured as a bought transaction by J.P. Morgan Securities LLC at an offering price of $32.25 per share.

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

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Available on EDGAR 09/17/2026 - 04:28 PM Accepted by SEC EDGAR 09/17/2026 - 04:27 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)

TORM plc

(Name of Issuer)

Class A common shares, par value $0.01 per share

(Title of Class of Securities)

G89479102

(CUSIP Number)

Soren Steenberg Jensen
c/o Hafnia SG Pte. Ltd., 10 Pasir Panjang Road, #18-01
Singapore, U0, 117438
65 6434 3770

Anthony J. Renzi, Jr.
Vedder Price P.C., 1401 New York Avenue NW, Suite 500
Washington, DC, 20005
1 202 312 3336

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

09/15/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): G89479102

1

Name of reporting person

Hafnia Limited

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC, AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

SINGAPORE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 18,656,061.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 18,656,061.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

18,656,061.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

18.22 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

(1) The percent of class is calculated based on 102,421,267 shares of Class A common stock, par value $0.01 per share (the "Class A Shares"), outstanding as of September 11, 2026, as reported in Exhibit 99.1 to the Issuer's Form 6-K filed with the Securities and Exchange Commission on September 11, 2026 (the "Form 6-K").

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Class A common shares, par value $0.01 per share
(b)	Name of Issuer: TORM plc
(c)	Address of Issuer's Principal Executive Offices: 4th Floor, 120 Cannon Street, London, UNITED KINGDOM , EC4N 6AS.
Item 1 Comment: This Amendment No. 1 to Schedule 13D ("Amendment No. 1") is being filed by Hafnia Limited ("Hafnia" or the "Reporting Person") pursuant to 240.13d-2(a) under the Securities Exchange Act of 1934, as amended, with respect to the Class A Shares. This Amendment No. 1 amends and supplements the statement on the Schedule 13D originally filed by the Reporting Person with the Securities and Exchange Commission on December 22, 2025 (collectively with this Amendment No. 1, the "Schedule 13D"). Except as specifically provided herein, this Amendment No. 1 does not modify any of the information previously reported in the Schedule 13D. Capitalized terms used herein which are not defined have the meanings set forth in the Schedule 13D.
Item 2.	Identity and Background
(a)	Item 2(a) of Schedule 13D is hereby amended to replace Exhibit 1 in its entirety with Exhibit 1 filed herewith.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 of Schedule 13D is supplemented as follows: The Class A Shares acquired by the Reporting Person on September 15, 2026, as described in Item 5 below, were purchased using the proceeds of a loan from the Reporting Person's major shareholder, BW Group Limited.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5 of Schedule 13D is amended and supplemented as follows: As of September 15, 2026, Hafnia may be deemed to beneficially own 18,656,061 Class A Shares, representing approximately 18.22% of the outstanding Class A Shares. The foregoing beneficial ownership percentage is based on a total of 102,421,267 Class A Shares outstanding as disclosed in the Issuer's Form 6-K.
(b)	Hafnia has sole voting power and sole dispositive power over 18,656,061 Class A Shares, representing approximately 18.22% of the outstanding Class A Shares. The foregoing percentage is based on a total of 102,421,267 Class A Shares outstanding as disclosed in the Issuer's Form 6-K.
(c)	On September 15, 2026, the Reporting Person acquired 4,500,000 Class A Shares in a secondary offering structured as a bought transaction by J.P. Morgan Securities LLC at an offering price of $32.25 per share, or $145,125,000 in the aggregate. Except for such transaction, the Reporting Person has not effected any other transactions in the Class A Shares, or, to the best of the knowledge of the Reporting Person, without independent verification, none of the other persons with respect to whom information is given in response to Item 2 has effected any such transactions, during the past 60 days prior to the date of this Amendment No. 1.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Hafnia Limited

Signature:	/s/ Petrus Wouter Van Echtelt
Name/Title:	Petrus Wouter Van Echtelt, Chief Financial Officer
Date:	09/17/2026