{"url":"https://newsforagent.com/news/2026-11-12/torm-share-capital-increase-rsu-exercise","markdown_url":"https://newsforagent.com/news/2026-11-12/torm-share-capital-increase-rsu-exercise.md","title":"TORM issues 48,167 shares in restricted unit exercise","headline":"TORM raises share capital by 48,167 Class A shares at DKK 179.80 each","description":"TORM issued 48,167 Class A shares at DKK 179.80 each after restricted share units were exercised, lifting its share capital to USD 1,027,600.49.","section":"Dividends & Buybacks","published_at":"2026-11-12T09:13:37+00:00","modified_at":"2026-11-12T09:13:37+00:00","author":"News Desk","key_takeaways":["TORM increased its share capital by 48,167 Class A shares through the exercise of restricted share units.","All new Class A shares were subscribed for in cash at DKK 179.80 per share.","After the increase, TORM's share capital totals USD 1,027,600.49 across 102,760,049 A-shares."],"companies":[{"name":"TORM","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0002hrj/torm","website":"http://www.torm.com"}],"source":{"publisher":"Stock Titan","title":"TORM capital increase adds 48,167 shares","url":"https://www.stocktitan.net/news/TRMD/torm-plc-capital-increase-in-connection-with-exercise-of-restricted-z4te521f7w0g.html"},"other_sources":[],"tags":["Dividends & Buybacks","TORM"],"body_markdown":"[TORM](https://akta.pro/company-profiles/0002hrj/torm) plc increased its share capital by 48,167 Class A shares after holders exercised a matching number of restricted share units, with every new share subscribed for in cash at DKK 179.80 per share, [Stock Titan](https://www.stocktitan.net/news/TRMD/torm-plc-capital-increase-in-connection-with-exercise-of-restricted-z4te521f7w0g.html) reported on November 12, 2026. The nominal increase was USD 481.67.\n\n## How the TORM Share Issue Was Structured\n\nThe capital increase was carried out without pre-emption rights for existing shareholders or others, according to the report. The new shares are ordinary shares without special rights and are negotiable instruments. They carry dividend and other shareholder rights from the date of issuance and are expected to be admitted to trading on Nasdaq Copenhagen as soon as possible. Transfer restrictions may apply in certain jurisdictions outside Denmark, including under applicable US securities laws.\n\nAfter the increase, TORM's share capital totals USD 1,027,600.49, divided into 102,760,049 A-shares with a nominal value of USD 0.01 each. Each A-share carries one vote. TORM is a product tanker shipping company that operates around 90 owned LR2, LR1 and MR vessels, transporting refined petroleum products and chemicals for oil majors, refineries and traders, according to akta.pro [company records](https://akta.pro/company-data).\n\n## TORM's Share Count After Earlier Changes\n\nTORM simplified its corporate governance structure in January 2026 by redeeming and cancelling its B- and C-shares, reducing share capital to 101,332,707 A-shares after Hafnia's acquisition pushed Oaktree's stake below the one-third threshold, the same records show. In December 2025, Hafnia Limited, backed by BW Group, acquired a 13.97% stake in TORM from Oaktree and engaged the board to explore a potential combination. David Weinstein left the board immediately after Oaktree's B-Director position was extinguished, remaining only as Special Advisor.\n\n## TORM's Recent Newbuild and Dividend Moves\n\nOn November 4, 2026, TORM signed agreements for eight LR2 newbuildings through a 50:50 joint venture, disclosed in its third-quarter results, Splash247 reported, with the partner and shipyard unnamed and pricing and delivery dates undisclosed. On November 11, 2026, Splash247 reported that Yangzijiang Maritime Development was identified as the 50:50 partner, with the eight ships to be built in China for delivery in 2029-2030 and TORM retaining technical and commercial control. On November 10, 2026, 247wallst reported that TORM yields 12.9% and trades at 6 times earnings, with its next $1.35 payment ex-dividend on November 17.\n\n## What Comes Next for TORM Shares\n\nThe new shares are expected to be admitted to trading on Nasdaq Copenhagen as soon as possible, the company said. TORM will incorporate any changes to its top executive bonus model into a revised policy to be approved at next year's general meeting, Borsen reported on November 3, 2026.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}