TORM plc announces secondary public offering of its class A common shares by a selling shareholder
PR Newswire•05/10/2026•18:27 ET
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Key Highlights
- ➤6,329,874 Class A shares offered by Oaktree-affiliated selling shareholder
- ➤Selling shareholder owns approximately 6% of Class A shares before offering
- ➤TORM will receive no proceeds from the secondary share sale
- ➤Offering remains subject to market conditions with completion timing uncertain
- ➤J.P. Morgan Securities is sole underwriter for the offering
TORM plc announces secondary public offering of its class A common shares by a selling shareholder PR Newswire
HELLERUP, Denmark, Oct. 5, 2026 /PRNewswire/ -- TORM plc (the "Company" or "TORM") (NASDAQ: TRMD) or (NASDAQ: TRMD A) today announces the commencement of a secondary public offering of 6,329,874 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. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed.
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