TORM plc

TORM plc announced that Oaktree Capital Group Holdings GP, LLC no longer indirectly holds any shares or voting rights in the company as of July 31, 2026. This change follows a restructuring of OCM Njord Holdings S.à r.l. (Njord Luxco), which resulted in Brookfield Corporation becoming the ultimate controlling shareholder of Njord Luxco. Njord Luxco's direct ownership in TORM plc remains unchanged, holding 20,329,874 shares, representing 19.86% of the total share capital and voting rights.

TORM plc announced that Oaktree Capital Group Holdings GP, LLC has informed the company that its affiliate, OCM Njord Holdings S.à r.l., holds 20,329,874 shares. This stake represents 19.86% of TORM plc's total share capital and voting rights. The disclosure was made in accordance with section 30 of the Danish Capital Markets Act.

TORM plc has increased its share capital by 28,144 A-shares, corresponding to a nominal value of $281.44. This increase resulted from the exercise of Restricted Share Units (RSUs) as part of the company's incentive program. The new shares were subscribed for in cash at DKK 127.30, DKK 139.90, and DKK 195.50 per A-share. Following this capital increase, TORM's total share capital amounts to $1,023,671.18, divided into 102,367,118 A-shares.

TORM plc reported that CEO Jacob Meldgaard sold 549,177 shares for a total of DKK 112,829,967, following the exercise of 170,133 restricted share units. Concurrently, the company announced a capital increase of 215,635 Class A common shares as a result of RSU exercises under its incentive program. This capital increase brings TORM's total share capital to USD 1,023,389.74, comprising 102,338,974 A-shares.

TORM plc reported a strong first quarter 2026 with net profit surging to $122 million, a 93.7% increase year-over-year, driven by high freight rates amid geopolitical tensions. The company also significantly upgraded its full-year 2026 guidance for TCE earnings to $1,150-$1,450 million and EBITDA to $800-$1,100 million. TORM declared an interim dividend of $0.70 per share and continued its fleet renewal strategy, including the acquisition of nine vessels and the divestment of one, increasing its future fleet size to 103 vessels.