Hafnia Limited has increased its ownership in TORM plc by acquiring an additional 4,500,000 Class A shares. The acquisition brings Hafnia’s total holding to 18,656,061 shares, representing approximately 18.19% of the total issued share capital and voting rights in the Danish product tanker carrier.

Shareholding Details

The transaction was disclosed pursuant to section 30 of the Danish Capital Markets Act. TORM plc listed on Nasdaq Copenhagen and Nasdaq New York (NASDAQ: TRMD) confirmed the update from its major shareholder.

About TORM

TORM is one of the world’s leading carriers of refined oil products, operating a fleet of product tanker vessels. Founded in 1889, the company conducts business worldwide with a focus on safety, environmental responsibility, and customer service.

TORM plc has closed its secondary public offering of 9,000,000 Class A common shares, with selling shareholder OCM Njord Holdings S.à r.l. receiving approximately U.S. $290,250,000. The transaction concluded on September 16, 2026, as previously scheduled.

J.P. Morgan Securities LLC acted as the sole underwriter for the offering. The company itself did not issue new shares and received no proceeds from the sale.

Offering Details

OCM Njord Holdings S.à r.l., an affiliate of Oaktree Capital Management, L.P., was the sole seller. Following the closing, the shareholder’s beneficial ownership in TORM’s Class A common shares decreased to approximately 11.06%, down from roughly 20% prior to the offering.

The underwriter held a 30-day option to purchase up to an additional 1,350,000 shares.

Regulatory Context

The offering was conducted via a prospectus supplement and accompanying base prospectus. A shelf registration statement relating to the offering was filed with the U.S. Securities and Exchange Commission and is effective.