Capital increase in TORM due to exercise of Restricted Share Units as part of the Company’s incentive program
TORM plc (“TORM”) will increase its share capital by 326,233 A-shares (corresponding to a nominal value of USD 3,262.33) as a result of the exercise of a corresponding number of Restricted Share Units. The increase includes the issuance of 255,345 A-shares to TORM plc’s Executive Director, Jacob Meldgaard. The capital increase will be carried out without any pre-emption rights for existing shareholders or others. The new shares have been subscribed for in cash at DKK 53.7 per A-share with a nominal value of USD 0.01 each. The new shares are ordinary shares without any special rights