TORM plc has increased its share capital by 151,581 A-shares (corresponding to a nominal value of USD 1,515.81) as a result of the exercise of a corresponding number of Restricted Share Units.
All new shares are subscribed for in cash at DKK 0.08 per A-share.
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 amounts to USD 984,345.66 divided into 98,434,564 A-shares of USD 0.01 each, one B-share of USD 0.01 and one C-share of USD 0.01. A total of 98,434,564 votes are attached to the A-shares. The B-share and the C-share have specific voting rights.
