TORM plc announces pricing of secondary public offering of its class A common shares
Key Highlights
- ➤6,329,874 Class A shares priced in secondary offering for approximately $253.5 million
- ➤Selling shareholder OCM Njord owns approximately 6% before offering
- ➤TORM receives no proceeds; offering expected to close October 7, 2026
- ➤J.P. Morgan Securities is sole underwriter for the offering
TORM plc announces pricing of secondary public offering of its class A common shares PR Newswire
HELLERUP, Denmark, Oct. 6, 2026 /PRNewswire/ -- TORM plc (the "Company" or "TORM") (NASDAQ: TRMD) (NASDAQ: TRMD A) today announces the pricing of a secondary public offering of 6,329,874 (six million three hundred twenty-nine thousand eight hundred seventy-four) 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 indirectly managed by Oaktree Capital Management GP, LLC and its affiliates, for gross proceeds to the Selling Shareholder of approximately U.S. $253,500,000 (two hundred fifty-three million five hundred thousand). The offering is expected to close on October 7, 2026.
Get started
Create a free account to read the full story.