TORM plc announces pricing of secondary public offering of its class A common shares

TORM plc (the "Company" or "TORM") (NASDAQ: TRMD ) (NASDAQ: TRMD A) today announces the pricing of a secondary public offering of 9,000,000 (nine million) 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 managed by Oaktree Capital Management, L.P. and its affiliates, for gross proceeds to the Selling Shareholder of approximately U.S. $290,250,000 (two hundred ninety million two hundred fifty thousand). The Selling Shareholder has granted the underwriter a 30-day option to purchase up to an additional 1,350,000 (one million three hundred fifty thousand) Class A common shares offered in this offering. The offering is expected to close on September 16, 2026. The Selling Shareholder beneficially owns approximately 20% of the Company's Class A common shares prior to this offering. The Company is not selling any Class A common shares and will not receive any proceeds from the sale of the Company's Class A common shares by the Selling Shareholder. J.P. Morgan Securities LLC is acting as sole underwriter for the offering. The underwriter intends to offer the Company's Class A common shares to the public at a fixed price, which may be changed at any time without notice. The offering is being made only by means of a prospectus supplement and accompanying base prospectus related to the offering, copies of which may be obtained, when available, from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Email: [email protected] . This company announcement does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein and there shall not be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. A shelf registration statement relating to the offering of the Class A common stock was filed with the U.S. Securities and Exchange Commission and is effective. Contact Mikael Bo Larsen, Head of Investor Relations Tel.: +45 5143 8002 About TORM TORM is one of the world's leading carriers of refined oil products. TORM operates a fleet of product tanker vessels with a strong commitment to safety. environmental responsibility and customer service. TORM was founded in 1889 and conducts business worldwide. TORM's shares are listed on Nasdaq in Copenhagen and on Nasdaq in New York (NASDAQ: TRMD A) and (NASDAQ: TRMD ). (ISIN: GB00BZ3CNK81). For further information, please visit www.torm.com . Safe Harbor Statement as to the Future Matters discussed in this release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are statements other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. Words such as, but not limited to, "expects," "anticipates," "intends," "plans," "believes," "estimates," "targets," "projects," "forecasts," "potential," "continue," "possible," "likely," "may," "could," "should" and similar expressions or phrases may identify forward-looking statements. The forward-looking statements in this release are based upon various assumptions, many of which are, in turn, based upon further assumpti...