TRMD: SEC Form 6-K filed by TORM plc
TORM plc has issued 48,167 new Class A shares following the exercise of Restricted Share Units under its employee incentive program. These new shares were paid for in cash at DKK 179.80 each, increasing the total Class A shares to 102,760,049 and resulting in a nominal capital increase of $481.67. While this cash infusion is positive, it also slightly dilutes existing shareholders due to the issuance without pre-emption rights.
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