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Torm | 6-K: Report of foreign private issuer (related to financial reporting)

SEC ·  Mar 25 10:01

Summary by Moomoo AI

Torm plc has scheduled its Annual General Meeting (AGM) for April 16, 2025, at its London office, where shareholders will vote on significant capital restructuring proposals. The key proposals include a US$180m reduction in share premium account and cancellation of 493,371 treasury shares to optimize capital structure.The company also reported that CEO Jacob Meldgaard exercised 85,067 restricted share units at DKK 0.08 per share on March 21, 2025, totaling DKK 6,805.36. This transaction was executed outside the trading venue as part of the company's executive compensation program.The AGM will address standard annual matters including the adoption of 2024 financial reports, director reappointments, and auditor confirmation. Shareholders must submit their proxy forms by April 14, 2025, to participate in voting. The capital reduction requires both shareholder approval and subsequent High Court confirmation.
Torm plc has scheduled its Annual General Meeting (AGM) for April 16, 2025, at its London office, where shareholders will vote on significant capital restructuring proposals. The key proposals include a US$180m reduction in share premium account and cancellation of 493,371 treasury shares to optimize capital structure.The company also reported that CEO Jacob Meldgaard exercised 85,067 restricted share units at DKK 0.08 per share on March 21, 2025, totaling DKK 6,805.36. This transaction was executed outside the trading venue as part of the company's executive compensation program.The AGM will address standard annual matters including the adoption of 2024 financial reports, director reappointments, and auditor confirmation. Shareholders must submit their proxy forms by April 14, 2025, to participate in voting. The capital reduction requires both shareholder approval and subsequent High Court confirmation.
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