TORM plc Increases Share Capital Following Exercise of Restricted Share Units
TORM plc has increased its share capital by issuing 31,483 Class A shares as a result of employees exercising their Restricted Share Units (RSUs). The new shares were subscribed for in cash at DKK 179.80 per share and are expected to be listed on Nasdaq Copenhagen soon. These shares carry no special rights but grant voting power and dividend entitlements from the date of issuance. The capital increase does not provide pre-emption rights to existing shareholders, meaning current investors have no preferential right to purchase new shares. Following this transaction, TORM's total share capital now stands at USD 1,024,212.67, divided into 102,421,267 A-shares with a nominal value of USD 0.01 each. TORM is one of the world’s leading carriers of refined oil products and operates globally.
Tickers: $TRMD
Topics: RSUs share capital stock issuance