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 14,178 A-shares (corresponding to a nominal value of USD 141.78) 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 14,178 new shares are subscribed for in cash. 7,089 of the new shares have been subscribed for at DKK 49.1 per A-share and the remaining 7,089 new shares have been subscribed for at DKK 38.3 per A-share. All with a nominal value of USD 0.01 each. The new shares are ordinary