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Oaktree awards Torm management and 20 employees share options

Torm's senior management along with 20 employees have been awarded share options worth a total of USD 5 million as part of a long-term incentive program.

Photo: Thomas Tolstrup

Torm's controlling stakeholder, US-based equity player Oaktree Capital Management, has in relation to a new long-term incentive program awarded the carrier's senior management team and 20 employees major share options, informs Torm in a statement.

The theoretical value of the incentive initiative comes to a projected USD 5 million.

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