TIDMTRMD TIDMA 
 
 
   TORM plc ("TORM") will increase its share capital by 74,010 A-shares 
(corresponding to a nominal value of USD 740.1) as a result of the 
exercise of a corresponding number of Restricted Share Units. 
 
   The capital increase will be carried out without any pre-emption rights 
for existing shareholders or others. The new shares have been subscribed 
for in cash at DKK 53.7 per A-share with a nominal value of USD 0.01 
each. 
 
   The new shares are ordinary shares without any special rights and are 
negotiable instruments. The new shares will be freely transferable on 
Nasdaq in Copenhagen, but certain transfer restrictions may apply under 
U.S. securities laws. The new shares give right to dividends and other 
rights in relation to TORM as of the date of issuance. The new shares 
are expected to be admitted to trading and official listing on Nasdaq in 
Copenhagen on 25 November 2019. 
 
   After the capital increase, TORM's share capital will amount to USD 
743,353.89 divided into 74,335,389 A-shares of USD 0.01 each, one 
B-share of USD 0.01 and one C-share of USD 0.01. 
 
 
 
 
CONTACT                                      TORM plc 
Christopher Everard, General Manager, tel.:  Birchin Court, 20 Birchin 
 +44 792 049 4853                             Lane 
                                             London, EC3V 9DU, United 
                                              Kingdom 
                                             Tel.: +44 203 713 4560 
                                             www.torm.com 
 
 
   ABOUT TORM 
 
   TORM is one of the world's leading carriers of refined oil products. The 
Company operates a fleet of approximately 80 modern vessels with a 
strong commitment to safety, environmental responsibility and customer 
service. TORM was founded in 1889. The Company conducts business 
worldwide. TORM's shares are listed on NASDAQ Copenhagen and NASDAQ New 
York (tickers: TRMD A and TRMD). For further information, please visit 
www.torm.com. 
 
   SAFE HARBOR STATEMENTS AS TO THE FUTURE 
 
   Matters discussed in this release may constitute forward-looking 
statements. Forward-looking statements reflect our current views with 
respect to future events and financial performance and may include 
statements concerning plans, objectives, goals, strategies, future 
events or performance, and underlying assumptions and statements other 
than statements of historical facts. The words "believe," "anticipate," 
"intend," "estimate," "forecast," "project," "plan," "potential," "may," 
"should," "expect," "pending" and similar expressions generally identify 
forward-looking statements. 
 
   The forward-looking statements in this release are based upon various 
assumptions, many of which are based, in turn, upon further assumptions, 
including without limitation, management's examination of historical 
operating trends, data contained in our records and other data available 
from third parties. Although the Company believes that these assumptions 
were reasonable when made, because these assumptions are inherently 
subject to significant uncertainties and contingencies that are 
difficult or impossible to predict and are beyond our control, the 
Company cannot guarantee that it will achieve or accomplish these 
expectations, beliefs or projections. 
 
   Important factors that, in our view, could cause actual results to 
differ materially from those discussed in the forward-looking statements 
include the strength of the world economy and currencies, changes in 
charter hire rates and vessel values, changes in demand for "ton miles" 
of oil carried by oil tankers, the effect of changes in OPEC's petroleum 
production levels and worldwide oil consumption and storage, changes in 
demand that may affect attitudes of time charterers to scheduled and 
unscheduled dry-docking, changes in TORM's operating expenses, including 
bunker prices, dry-docking and insurance costs, changes in the 
regulation of shipping operations, including requirements for double 
hull tankers or actions taken by regulatory authorities, potential 
liability from pending or future litigation, domestic and international 
political conditions, potential disruption of shipping routes due to 
accidents, political events or acts by terrorists. 
 
   In light of these risks and uncertainties, you should not place undue 
reliance on forward-looking statements contained in this release because 
they are statements about events that are not certain to occur as 
described or at all. These forward-looking statements are not guarantees 
of our future performance, and actual results and future developments 
may vary materially from those projected in the forward-looking 
statements. 
 
   Except to the extent required by applicable law or regulation, the 
Company undertakes no obligation to release publicly any revisions to 
these forward-looking statements to reflect events or circumstances 
after the date of this release or to reflect the occurrence of 
unanticipated events. 
 
 
 
   Attachment 
 
 
   -- 19-2019 - Capital increase due to RSU exercise - US 
      https://ml-eu.globenewswire.com/Resource/Download/b0555ade-4fcd-49a2-864b-0cbcc68d9bcc 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

November 21, 2019 03:00 ET (08:00 GMT)