TORM plc capital increase in connection with exercise of Restricted Share Units as part of TORM’s incentive program
TORM plc has increased its share capital by 71,152 A-shares (corresponding to a nominal value of USD 711.52) as a result of the exercise of a corresponding number of Restricted Share Units. All new shares are subscribed for in cash. 14,441 shares are subscribed for at DKK 0.07 per A-share and 56,711 shares are subscribed for at DKK 190.2 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.