Sunday, 06 October 2024 | 19:33
SPONSORS
View by:

TORM plc capital increase in connection with delivery of one 2014-built MR vessel

Wednesday, 31 July 2024 | 13:00

With reference to Company Announcement no. 30 dated 15 July 2024 where TORM plc (“TORM”) announced the acquisition of eight additional second-hand MR vessels, TORM plc has increased its share capital by 335,285 shares (corresponding to USD 3,352.85) as a result of the delivery of the first of the eight vessels. The new shares relate to the settlement of a USD 12.6m allocated loan note issued in connection with the vessel delivery and correspond to USD 37.58 per A-share with a nominal value of USD 0.01 each.

The capital increase is carried out without any pre-emption rights for existing shareholders or others.

All of the issued shares will be subject to a lock-up for a period of 40 days commencing on the date such shares are issued (the “Lock-up Period”) provided that during the Lock-up Period, the newly issued shares may be resold outside of the United States in transactions pursuant to and in compliance with Regulation S of the Securities Act of 1933, including on Nasdaq Copenhagen, but may not be resold in the United States.

The new shares (i) are ordinary shares without any special rights and are negotiable instruments, (ii) give right to dividends and other rights in relation to TORM as of the date of issuance and (iii) are expected to be admitted to trading and official listing on Nasdaq Copenhagen as soon as possible.

After the capital increase, TORM’s share capital amounts to USD 948,505.28 divided into 94,850,526 A-shares of USD 0.01 each, one B-share of USD 0.01 and one C-share of USD 0.01. A total of 94,850,526 votes are attached to the A-shares. The B-share and the C-share have specific voting rights.
Source: TORM

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping
error: Content is protected !!
×
Next article
Back to list
Previous article

Newer news items:

Older news items:

Comments
SPONSORS

NEWSLETTER