TORM plc (TRMD) Form SCHEDULE 13D/A — Sep 16, 2026
Oaktree-linked entities sold 9,000,000 TORM plc Class A shares at $31.75 per share in a block trade underwritten by J.P. Morgan Securities, generating $285,750,000 in aggregate proceeds to the seller before expenses. The sale closed on September 16, 2026 under an underwriting agreement dated September 14, 2026. Following the block trade, the Oaktree reporting persons retain 11,329,874 Class A shares, approximately 11.06% of TORM's 102,421,267 Class A shares outstanding as of September 14, 2026.
Key figures
- Gross Proceeds
- 285750000
- Offering Price
- 31.75
- Shares Offered
- 9000000
- Lockup Period
- September 14, 2026 to November 13, 2026
- Remaining Shares Owned
- 11329874
- Greenshoe Option Shares
- 1350000
- Class AShares Outstanding
- 102421267
- Remaining Percent Of Class
- 11.06%
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