Capital increase in TORM due to exercise of Restricted Share Units as part of TORM’s incentive program
TORM plc (“TORM”) increases its share capital by 802,800 ordinary A-shares (corresponding to a nominal value of USD 8,028.00) as a result of employees having exercised a corresponding number of Restricted Share Units (“RSUs”) related to RSUs granted in 2020, 2021 and 2022. Subsequent to such share capital increase further 313,502 RSUs are eligible for exercise during 2023. The share capital increase is carried out without any pre-emption rights for existing shareholders or others. All 802,800 new ordinary A-shares have been subscribed for in cash. All with a nominal value of USD 0.