TORM plc capital increase in connection with delivery of two vessels
With reference to Company Announcement no. 03 dated 16 March 2023 regarding the acquisition of three 2013 built MR product tanker vessels, TORM plc (“TORM”) has increased its share capital by 946,449 A-shares (corresponding to USD 9,464.49) as a result of the delivery of two of the three aforementioned vessels. 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 32.3m allocated loan note issued in connection with each vessel delivery and correspond to USD 34.2