On June 3, 2024, Torm announced the closing of its secondary public offering where OCM Njord Holdings S.à r.l., a company indirectly owned by Oaktree Capital Management funds, sold 6,896,552 Class A common shares. Citigroup acted as the sole underwriter for the transaction.Following the completion of the offering, the Selling Shareholder's beneficial ownership in Torm's Class A common shares has decreased to approximately 46.7%. Torm did not sell any shares in this offering and received no proceeds from the transaction.Torm, founded in 1889, operates a fleet of approximately 90 product tanker vessels and is one of the world's leading carriers of refined oil products. The company maintains dual listings on Nasdaq Copenhagen and New York.

On June 3, 2024, Torm announced the closing of its secondary public offering where OCM Njord Holdings S.à r.l., a company indirectly owned by Oaktree Capital Management funds, sold 6,896,552 Class A common shares. Citigroup acted as the sole underwriter for the transaction.Following the completion of the offering, the Selling Shareholder's beneficial ownership in Torm's Class A common shares has decreased to approximately 46.7%. Torm did not sell any shares in this offering and received no proceeds from the transaction.Torm, founded in 1889, operates a fleet of approximately 90 product tanker vessels and is one of the world's leading carriers of refined oil products. The company maintains dual listings on Nasdaq Copenhagen and New York.