One of the world's largest operators of product tankers, Torm ships refined oil products and chemicals across the globe's oceans. The Danish company was founded in 1889 by Ditlev Torm and Christian Schmiegelow, and its name simply comes from one founder's surname. You can spot a Torm vessel from afar thanks to its signature look: black hulls topped with burnt-orange superstructures, a color scheme chosen partly to boost visibility at sea.
Oaktree Capital Group Holdings GP, LLC notified TORM plc that it no longer indirectly holds any shares or voting rights in TORM as of July 31, 2026, following a change in Njord Luxco's ownership structure.
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Brookfield Corporation has become the ultimate controlling shareholder of Njord Luxco, which continues to hold 20,329,874 Class A shares in TORM, representing 19.86% of total share capital and voting rights.
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., which are ultimately controlled by Brookfield Corporation.
Brookfield Corporation is publicly traded on the NYSE and TSX and is organized under the laws of Ontario, Canada.
The announcement was made pursuant to section 30 of the Danish Capital Markets Act on August 7, 2026.
TORM plc increases share capital by 215,635 Class A shares on RSU exercise; CEO sells 549,177 shares.
The new shares were subscribed for in cash at DKK 0.07, DKK 131.80, and DKK 144.40 per A-share, with no pre-emption rights for existing shareholders.
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TORM plc increased its share capital by 215,635 Class A common shares (nominal value USD 2,156.35) due to exercise of Restricted Share Units under its incentive program.
After the increase, TORM's share capital totals USD 1,023,389.74, divided into 102,338,974 A-shares with a nominal value of USD 0.01 each.
CEO Jacob Balslev Meldgaard exercised 170,133 restricted share units at DKK 131.8 and DKK 144.4 per share on 20 May 2026.
CEO Jacob Balslev Meldgaard sold 549,177 shares on Nasdaq Copenhagen on 18 and 20 May 2026 at prices between DKK 205.16 and DKK 207.57 per share, for a total of DKK 112,829,967.