TORM plc(US:TRMD) Prnewswire·2025-12-23 08:10Core Viewpoint - TORM plc has completed the acquisition of shares by Hafnia Limited from Oaktree Capital Management, which impacts the ownership structure of TORM plc [1][2]. Group 1: Acquisition Details - The acquisition was finalized on December 22, 2025, with Oaktree holding 26,425,059 A shares and Hafnia holding 14,156,061 A shares out of a total of 101,332,707 A shares [2]. - The completion of this acquisition triggers a review process by TORM's board of directors to determine if Oaktree and its affiliates have ceased to beneficially own at least one third of the issued shares, as defined in TORM's articles of association [3]. Group 2: Implications of the Acquisition - Once the threshold date is established, certain rights and limitations associated with the B and C shares will cease to be effective, leading to the redemption and cancellation of these shares [4]. - Further announcements will be made following the conclusion of the necessary processes related to the acquisition [4]. Group 3: Company Overview - TORM is recognized as one of the leading carriers of refined oil products globally, operating a fleet of product tanker vessels with a strong commitment to safety and environmental responsibility [5]. - The company was founded in 1889 and is publicly listed on Nasdaq in Copenhagen and New York [5].