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 255,200 A-shares (corresponding to a nominal value of USD 2,552.00) 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 new shares are subscribed for in cash. 170,134 shares are subscribed for at DKK 0.07 per A-share and 85,066 shares are subscribed for at DKK 190.2 per A-share. The new shares (i) are ordinary shares without any special rights and are negotiable instruments, (ii) give right to