Existing Long-Term Incentive Program re-established at TORM plc level and reporting of transactions
During the corporate reorganization of the TORM Group, the TORM A/S shares were replaced by TORM plc shares (cf. company announcement no. 13 dated 19 April 2016). Therefore TORM plc ("TORM") has adopted a Long-Term Incentive Program ("LTIP") which will replace the Long-Term Incentive Program established by TORM A/S (the "Original LTIP") on 18 January 2016. The LTIP will continue the Original LTIP on materially similar terms. The restricted share units ("RSUs") under the Original LTIP will therefore be replaced with RSUs under the new LTIP to the extent the participants under the Original