The offering represents a notable reduction in Oaktree’s footprint within the Hellerup-based shipping firm. Prior to this sale, the selling shareholder held approximately 6% of TORM’s Class A common shares. Under the terms of the transaction, TORM plc will not issue new shares nor receive any financial proceeds from the divestment, as the capital is directed entirely to the selling entity.

J.P. Morgan Securities LLC is serving as the sole underwriter for the placement. The shares are being offered via a shelf registration statement already effective with the U.S. Securities and Exchange Commission. TORM, a long-standing operator in the product tanker market, maintains its primary listings on both the Copenhagen and New York stock exchanges.