As part of the Torm restructuring plan, the company has published its listing prospectus for shares of an overall value of USD 1.15 million on Friday. The shares will be admitted to trading and official listing on 10 December and furthermore, the company is looking to convene an extraordinary general meeting during December, a Torm stock exchange announcement states.
“Torm is not offering any securities for sale or subscription in connection with the publication of the Listing Prospectus nor are any additional shares being issued in Torm. The Company's share capital has a nominal value of DKK 7,280,000 (USD 1.278 million) divided into a total of 728,000,000 shares of DKK 0.01 (USD 0.001) each. All shares are issued and fully paid up”, the announcement states.