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The latest update is out from Torm ( (TRMD) ).
TORM plc has announced a capital increase through the exercise of Restricted Share Units as part of its incentive program, issuing 7,468 new A-shares. This capital increase, which did not involve pre-emption rights for existing shareholders, aims to enhance the company’s operational flexibility and strategic market positioning. The new shares, expected to be listed on Nasdaq Copenhagen, grant normal shareholder rights, including dividends, reflecting TORM’s ongoing efforts to strengthen its financial framework.
More about Torm
TORM is a leading global carrier of refined oil products, operating a fleet of product tanker vessels. The company emphasizes safety, environmental responsibility, and customer service, conducting business worldwide. TORM’s shares are listed on Nasdaq in Copenhagen and New York.
YTD Price Performance: -26.75%
Average Trading Volume: 1,219,405
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.78B
For an in-depth examination of TRMD stock, go to TipRanks’ Stock Analysis page.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
