Hafnia Limited to acquire shares in TORM plc

Hafnia Limited has agreed to acquire 4,500,000 Class A shares in TORM plc at a price of USD 32.25 per share. This transaction represents 4.39% of TORM’s issued and outstanding share capital. Following the completion of this acquisition, Hafnia is expected to hold approximately 18.22% of TORM’s total share capital.

Separately, TORM plc announced a secondary public offering of 9,000,000 Class A common shares. This offering is being conducted by OCM Njord Holdings S. à r. l., a company indirectly owned by funds managed by Oaktree Capital Management, L.P. The selling shareholder holds approximately 20% of TORM’s Class A shares prior to this offering. J.P. Morgan Securities LLC is serving as the sole underwriter for the sale. TORM will not receive any proceeds from this secondary offering.