TORM plc Announces Secondary Public Offering of Class A Common Shares
News related to:TORM plc · 1 min read
HELLERUP, Denmark, Sept. 14, 2026 /CourierPR/ -- TORM plc, one of the world's leading carriers of refined oil products, announced a secondary public offering of its Class A common shares. The offering involves the sale of 9 million Class A common shares by OCM Njord Holdings S.à r.l., a company indirectly owned by funds managed by Oaktree Capital Management, L.P. and its affiliates. The selling shareholder holds approximately 20% of TORM's Class A common shares before this offering.
TORM stated that it is not selling any shares and will not receive any proceeds from the sale. J.P. Morgan Securities LLC is acting as the sole underwriter for the offering. The underwriter intends to offer the shares to the public at a fixed price, which may be changed at any time without notice. The offering is subject to market and other conditions, and there is no guarantee that it will be completed.
OCM Njord Holdings S.à r.l. has the option to grant the underwriter an additional 1.35 million Class A common shares, bringing the total number of shares up to 10.35 million. The shares will be offered only through a prospectus supplement and accompanying base prospectus, which can be obtained from J.P. Morgan Securities LLC.
TORM, founded in 1889, operates a fleet of product tanker vessels with a strong commitment to safety, environmental responsibility, and customer service. The company's shares are listed on Nasdaq in Copenhagen and on Nasdaq in New York (ticker: TRMD A and TRMD, ISIN: GB00BZ3CNK81).
The offering is part of TORM's ongoing efforts to manage its capital structure and meet the demands of the global oil and gas market. The company will continue to focus on its core business of transporting refined oil products and maintaining its commitment to sustainability and operational excellence.
This secondary public offering is subject to market conditions and regulatory approvals. TORM's shares are listed on Nasdaq, and the company remains committed to its strategic goals and operational integrity.