TORM plc announces Capital Reduction and Cancellation of Treasury Shares

Core Viewpoint - TORM plc has successfully completed a capital reduction of USD 180 million and the cancellation of 493,371 A-shares, as confirmed by the High Court of Justice in England and Wales [1][2]. Group 1: Capital Reduction Details - The capital reduction was approved by shareholders during the Annual General Meeting held on April 16, 2025, and does not involve any distribution or payment of capital by the company [2]. - Following the capital reduction and cancellation, TORM's share capital is now USD 979,411.95, divided into 97,941,193 A-shares, one B-share, and one C-share, with a total of 97,941,193 votes attached to the A-shares [3]. Group 2: Company Overview - TORM is recognized as one of the world's leading carriers of refined oil products, operating a fleet of product tanker vessels with a strong commitment to safety, environmental responsibility, and customer service [3]. - The company was founded in 1889 and conducts business globally, with shares listed on Nasdaq in Copenhagen and New York [3].