HAFNIA LIMITED: Hafnia Enters Into a Binding Share Purchase Agreement to Acquire 14.45% of TORM's Shares from Oaktree [Yahoo! Finance]
TORM plc - Class A (TRMD)
US:NASDAQ Investor Relations:
investors.torm.com/investor-relations
Company Research
Source: Yahoo! Finance
exchange announcement of 3 September 2025, Hafnia Limited ("Hafnia", the "Company", OSE ticker code: "HAFNI", NYSE ticker code: "HAFN") today announces that it has entered into a binding share purchase agreement (the "Share Purchase Agreement") with Oaktree Capital Management, L.P. and its affiliates (together, "Oaktree"), to acquire approximately 14.1 million A shares in TORM plc ("TORM", CSE ticker code: "TRMD A", NASDAQ ticker code: "TRMD"), representing approximately 14.45% of TORM's issued share capital. The A shares are priced at US$ 22 per share for a total purchase price of US$ 311,433,342. Completion of Hafnia's acquisition of the shares from Oaktree is subject to the fulfilment of customary conditions precedent, including among others, obtaining any required regulatory clearances and approvals, satisfaction of certain covenants and appointment of a new independent board chair of TORM. Upon completion Hafnia will hold approximately 14.45% of issued share capital in TORM.
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TRMD
News
- Torm (NASDAQ:TRMD) was upgraded by analysts at Fearnley Fonds from a "hold" rating to a "strong-buy" rating.MarketBeat
- TORM plc capital increase in connection with exercise of Restricted Share Units as part of TORM's incentive programPR Newswire
- Report of transactions in TORM plc securities by directors and executive officers and their closely associated personsPR Newswire
- TORM plc capital increase in connection with delivery of one LR2 vessel and exercise of Restricted Share Units as part of TORM's incentive programPR Newswire
- TORM plc Q3 2025 Results, Dividend Distribution, and Financial Outlook 2025PR Newswire
TRMD
Earnings
- 8/14/25 - Beat
TRMD
Sec Filings
- 11/21/25 - Form 6-K
- 11/17/25 - Form SCHEDULE
- 11/14/25 - Form 6-K
- TRMD's page on the SEC website