Capital increase in TORM in connection with delivery of vessel
With reference to Company Announcement no. 03 dated 01 March 2021 regarding the acquisition of eight 2007-2012 built MR product tanker vessels from Team Tankers Deep Sea Ltd, TORM plc (“TORM”) has increased its share capital by 730,057 A-shares (corresponding to USD 7,300.57) as a result of the delivery of the seventh vessel of the transaction, the MR vessel Team Leader. The capital increase is carried out without any pre-emption rights for existing shareholders or others. The new shares have been subscribed for due to the settlement of a USD 6.7m allocated loan note issued in connection