J.P. Morgan Securities LLC

Hellerup, Denmark – September 20, 2026 -- TORM plc has closed a secondary public offering of 9,000,000 Class A common shares sold by OCM Njord Holdings S.à r.l., an entity indirectly owned by funds managed by Oaktree Capital Management, L.P. Following the transaction, the Selling Shareholder retains beneficial ownership of approximately 11.06% of TORM's Class A common shares.

Oaktree-linked seller grants underwriter option for 1,350,000 additional shares

J.P. Morgan Securities LLC acted as sole underwriter for the offering and holds a 30-day option to purchase up to 1,350,000 additional Class A shares. TORM confirmed it did not sell any shares in the transaction and received no proceeds, with the entire offering structured as a divestment by the existing shareholder rather than a capital raise for the company.

Hellerup – September 18, 2026 -- TORM plc has launched a secondary public offering of 9,000,000 Class A common shares on behalf of OCM Njord Holdings S.à r.l., a vehicle indirectly owned by funds managed by Oaktree Capital Management, L.P.

Oaktree-linked seller holds roughly 20% of TORM's Class A shares before the sale

OCM Njord Holdings currently owns approximately 20% of TORM's Class A common shares. The selling shareholder is expected to grant the underwriter a 30-day option to purchase up to an additional 1,350,000 shares, which could lift the total offering size to 10,350,000 shares.

TORM will not receive proceeds as the sale is entirely secondary

The Nasdaq-listed product tanker operator (TRMD, TRMD A) is not selling any shares itself and will not collect proceeds from the transaction. J.P. Morgan Securities LLC is acting as sole underwriter, offering the shares to the public at a fixed price that may be adjusted without notice.

Shenzhen – September 17, 2026 -- Tencent Music Entertainment Group has closed a US$1,000 million senior unsecured notes offering, netting approximately US$991.9 million after underwriting discounts and expenses.

TME splits offering into two tranches maturing 2031 and 2036

The offering consists of US$500 million in 5.050% notes due 2031 and US$500 million in 5.650% notes due 2036. The notes are registered under the U.S. Securities Act of 1933 and are set to list on The Stock Exchange of Hong Kong Limited on September 17, 2026.

Proceeds earmarked for offshore debt refinancing and share repurchases

TME plans to direct the net proceeds toward general corporate purposes, including refinancing existing offshore indebtedness and funding share buybacks. The company, dual-listed as NYSE: TME and HKEX: 1698, operates China's QQ Music, Kugou Music, Kuwo Music, WeSing and Ximalaya platforms.