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Contact

Denmark:+45 39 17 92 00

Philippines, Manila:+63 2 8988 6500

Philippines, Cebu:+63 32 266 5534

India, Mumbai:+91 (022) 6640 7200

India, New Delhi:+91 (011) 6640 7201

United Kingdom:+44 203 713 4560

USA:+1 (281) 943 2750

Singapore: +65 6534 343

Listing

The TORM A shares are listed on Nasdaq Copenhagen (ISIN code GB00BZ3CNK81 and short name TRMD A) and Nasdaq New York (CUSIP code G89479102 and short name TRMD).

Denomination of the shares

The Company’s A shares are registered with the Danish Securities Centre in the denomination of USD 0.01.

In addition, TORM has issued one B Share of USD 0.01 in nominal value to SFM Trustees Limited, as Minority Trustee. The B share has one vote on all resolutions proposed at meetings of the Company. The B share has one vote at the general meeting, has no preemption rights in relation to any issue of new shares of other classes and carries no right to receive dividends, liquidation proceeds or other distributions from TORM. The holder of the B share has the right to elect one member to the Board of Directors (being the deputy chairman), one alternate, as well as one Board observer. The B share cannot be transferred or pledged, except for a transfer to a replacement trustee.

Class of shares

TORM has three classes of shares as can be seen above. The A shares are negotiable, may be freely traded and shall be issued in the name of each holder and shall be registered in the Company's register of shareholders in the name of each holder.

Voting rights

Each A share of USD 0,01 entitles the holder to one vote at general meetings with exception of the B share and the C share as described above.

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Share structure and ownership

TORM’s issued share capital is USD 906,992.38 and comprises 90,699,236 A shares of USD 0.01 each, one B share of USD 0.01 and one C share of USD 0.01.

The C-share is held by OCM Njord Holdings S.à r.l. (Oaktree), and the B-share is held by the Minority Trustee, SFM Trustees Limited, on behalf of TORM’s non-Oaktree shareholders. The B-share and the C-share have certain voting rights.

As of January 2021, TORM elected Denmark as home state for the purposes of the EU Transparency Directive. TORM's major shareholder reporting thresholds are the crossing of 5%, 10%, 15%, 20%, 25%, 33.3% 50%, 66.6% and 90% ownership share of the voting rights or nominal value of the total share capital.

Reference is made to SEC filings for major shareholders’ ownership.