TORM plc

Hellerup – October 13, 2026 -- TORM plc (NASDAQ: TRMD) raised its full-year 2026 guidance by USD 300m at both ends of its ranges, now expecting time charter equivalent (TCE) earnings of USD 1,700–1,900m and EBITDA of USD 1,300–1,500m.

TORM lifts TCE and EBITDA ranges by USD 300m each

The previous guidance was TCE of USD 1,400–1,600m and EBITDA of USD 1,000–1,200m. The midpoint of the TCE range rises from USD 1,500m to USD 1,800m, a 20% increase. The EBITDA midpoint rises from USD 1,100m to USD 1,400m, a 27% increase.

Forward freight coverage underpins the upgrade

The company attributes the revision to stronger-than-anticipated earnings visibility. It cites its current forward freight coverage and continued favorable conditions across the product tanker market. The guidance also rests on TORM's expectation that market strength will continue through the rest of the fourth quarter of 2026.

Hellerup – October 10, 2026 -- Christopher Boehringer has resigned from the Board of Directors of TORM plc (NASDAQ: TRMD, TRMD A) with immediate effect, after Oaktree Capital Management and its affiliates ceased to hold any ownership interest in the product tanker owner.

Boehringer leaves the board after eleven years of service

Boehringer joined the TORM board in 2015. TORM said he supported the company through a period of significant transformation and growth.

Chair Simon Mackenzie Smith credited him with helping to develop and strengthen the One TORM platform and called him a trusted adviser through some of the most important milestones in the company's history.

Five directors remain on the TORM board

Following the change, the board comprises Simon Mackenzie Smith (Chair), Annette Malm Justad, Göran Trapp, Jann Brown and Jacob Meldgaard.

TORM did not announce a replacement for Boehringer's seat.

Hellerup – October 07, 2026 -- TORM plc has increased its share capital by USD 611.05 through the issuance of 61,105 new Class A shares following the exercise of Restricted Share Units under its employee incentive program.

TORM issues 61,105 new shares at two distinct price points

Of the newly issued shares, 57,772 Class A shares were subscribed for in cash at DKK 179.80 per share, while the remaining 3,333 Class A shares were subscribed for at DKK 124.20 per share. The shares were issued without pre-emption rights for existing shareholders.

Total share capital now exceeds USD 1 million across 102.7 million shares

Following the transaction, TORM's total share capital stands at USD 1,027,118.82, divided into 102,711,882 Class A shares with a nominal value of USD 0.01 each. Each share carries one vote.

Hellerup, Denmark – September 28, 2026 -- OCM Njord Holdings S.à r.l. has disclosed ownership of 6,329,874 A shares in product tanker operator TORM plc, equivalent to 6.17% of the company's total share capital and voting rights.

Filing confirms Brookfield-linked entity crossed disclosure threshold on September 23

The stake, held through the entity known as Njord Luxco, was reported under section 30 of the Danish Capital Markets Act, which requires investors to disclose holdings once they cross defined ownership thresholds. Each share carries a nominal value of USD 0.01.

Ownership structure traces to Brookfield Corporation through two Luxembourg vehicles

Njord Luxco is jointly controlled by OCM Luxembourg Opps IX S.à r.l. and OCM Luxembourg Opps IX (Parallel II) S.à r.l. Both entities are ultimately controlled by Brookfield Corporation, placing a sizable minority position in TORM under the asset manager's indirect influence.

Hellerup, Denmark – September 20, 2026 -- TORM plc has raised its share capital by 132,421 Class A shares following the exercise of Restricted Share Units under the tanker operator's employee incentive program, a nominal increase of USD 1,324.21.

TORM prices new shares across three tranches tied to historic RSU grants

Of the newly issued stock, 12,406 Class A shares were subscribed at DKK 111.60 per share, 12,405 shares at DKK 124.20, and the remaining 107,610 shares at DKK 179.80, reflecting the varying strike prices set when the underlying RSUs were originally granted. The capital increase carries no pre-emption rights for existing shareholders.

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.

Hellerup, Denmark – September 17, 2026 -- TORM plc has increased its share capital by 31,483 Class A shares following the exercise of a matching number of Restricted Share Units under its incentive program, lifting total share capital to USD 1,024,212.67.

New shares priced at DKK 179.80 each, subscribed entirely in cash

The nominal capital increase totals USD 314.83, with no pre-emption rights granted to existing shareholders or third parties. Transfer restrictions apply in certain jurisdictions outside Denmark, including under applicable US securities laws.

Share count now stands at 102,421,267 A-shares carrying equal voting rights

Each share has a nominal value of USD 0.01 and carries one vote. The newly issued shares rank pari passu with existing stock, granting immediate dividend rights and other shareholder entitlements from the date of issuance.

SHERIDAN, WYOMING - April 14, 2026 - TORM plc, one of the world's largest owners and operators of product tankers, runs a fleet of around 80 modern vessels engaged in the transport of refined oil products and chemicals, including gasoline, naphtha, diesel, and jet fuel. The company was founded in Denmark in 1889 and is now registered in the United Kingdom, operating under a unified framework it describes as the One TORM business model. Its offices span Denmark, the Philippines, India, the United Kingdom, the United States, and Singapore, giving the group a footprint across the primary maritime trade and ship management hubs. Industrial and commercial customers worldwide rely on the fleet to move critical energy products efficiently, safely, and reliably.