TORM plc (“TORM”) increases its share capital by 21,267 A-shares (corresponding to a nominal value of USD 212.67) as a result of the exercise of a corresponding number of Restricted Share Units.
The capital increase is carried out without any pre-emption rights for existing shareholders or others. All 21,267 new shares are subscribed for in cash. 7,089 of the new shares have been subscribed for at DKK 49.1 per A-share. 7,089 new shares have been subscribed for at DKK 38.3 per A-share and the remaining 7,089 new shares have been subscribed for at DKK 42.8 per A-share. All with a nominal value of USD 0.01 each.
The new shares are ordinary shares without any special rights and are negotiable instruments. The new shares give rights to dividends and other rights in relation to TORM as of the date of issuance. The new shares are expected to be admitted to trading and official listing on Nasdaq in Copenhagen on 02 February 2023. Transfer restrictions may apply in certain jurisdictions outside Denmark, including applicable US securities laws.
After the capital increase, TORM’s share capital amounts to USD 823,325.68 divided into 82,332,566 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 82,332,566 votes are attached to the A-shares. The B-share and the C-share have specific voting rights.
Source: Hellenic Shipping News
