The transaction involved 6,329,874 shares, representing the entirety of the interest held by the Oaktree-affiliated entity. Following the closing of this offering, OCM Njord Holdings S.à r.l. no longer maintains any beneficial ownership in the Hellerup-based shipping firm.
Because this was a secondary offering conducted by a selling shareholder, TORM plc did not issue new shares nor receive any proceeds from the transaction. J.P. Morgan Securities LLC served as the sole underwriter for the deal, which was completed under an effective shelf registration statement previously filed with the U.S. Securities and Exchange Commission.
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