TORM plc Announces Occurrence of Threshold Date and Board Changes Following Major Shareholder Shift

TORM plc (NASDAQ: TRMD) has announced that the defined **threshold date** under its Articles of Association has occurred on **January 6, 2026** after a significant change in its major shareholder structure triggered this milestone. The determination follows the completion of share transactions involving Hafnia Limited and Oaktree Capital Management, resulting in Oaktree’s ownership falling below one‑third of the company’s issued shares — excluding any held in treasury. As a consequence of this threshold event, the B‑Director position and associated authorities have been extinguished. Deputy Chairman and Senior Independent Director David Weinstein has stepped down from the Board effective the same date, although he will continue to support TORM in the role of Special Advisor to the Board. The Board expressed gratitude for Mr. Weinstein’s contributions since he joined in 2015. In addition, the limitations previously imposed under Article 137 of the company’s Articles no longer apply, immediately restoring broader operational flexibility without requiring reserved matter approvals. TORM is now progressing with the redemption and cancellation of B‑ and C‑shares. As of the threshold date, the voting rights attached to 350,000,000 C‑shares have ceased, and the B‑share retains one vote until redeemed. Consequently, the company’s voting structure currently consists of 101,332,707 A‑shares and one B‑share, each carrying one vote. After this process concludes, TORM’s share capital will consist solely of A‑shares, amounting to USD 1,013,327.07 divided into 101,332,707 A‑shares of USD 0.01 each. #TORMplc #BoardChanges #ShareholderUpdate #CorporateGovernance #SlimScan #GrowthStocks #CANSLIM