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 59,300 A-shares (corresponding to a nominal value of USD 593.0) as a result of the exercise of a corresponding number of Restricted Share Units. All new shares are subscribed for in cash. 53,166 new shares are subscribed for at DKK 170.30 per A-share and 6,134 shares are subscribed for at 0.08 per A-share. Transfer restrictions may apply in certain jurisdictions outside Denmark, including applicable US securities laws. The capital increase is carried out without any pre-emption rights for existing shareholders or others.