TORM announces secondary public offering of its Class A common shares by a Selling Shareholder
TORM plc (the “Company” or “TORM”) (Nasdaq: TRMD or TRMD A) today announced the commencement of a secondary public offering of 5,000,000 (five million) of the Company’s Class A common shares by OCM Njord Holdings S.à r.l. (the "Selling Shareholder"), a company indirectly owned by funds managed by Oaktree Capital Management, L.P. and its affiliates. The Selling Shareholder expects to grant the underwriters a 30-day option to purchase up to an additional 750,000 (seven hundred fifty thousand) Class A common shares offered in this offering. The offering is subject to market and other