TORM plc has been notified of the following transaction in TORM plc securities: TR-1: Standard form for notification of major holdings. NOTIFICATION OF MAJOR HOLDINGS (to be.
This has been achieved despite the uncertainty caused by COVID-19, which we continue to monitor closely, together with the last days’ extraordinary development in the oil market that, so far, has provided further support to an already strong underlying product tanker market. After strong rates at the start of the year, the product tanker market softened through the second and third quarters, before posting a strong recovery in the fourth quarter with freight rates peaking at highs not seen since 2008. During 2019, TORM took delivery of five MR newbuildings and four second-hand MR vessels.
TRMD earnings call for the period ending March 31, 2020.
STNG is currently trading more than 50% under its NAV and is currently deleveraging to create even more NAV by Q2 and Q3.STNG has secured high rates for most of their ships in Q2, but due to its large fleet size still has exposure to the spot rate markets.STN…
Value Investor's Edge Live spoke with Jacob Meldgaard, CEO of Torm Plc (TRMD), and Kim Balle, CFO, about the product tanker markets. Torm reported solid earning
Today we'll take a closer look at TORM plc (CPH:TRMD A) from a dividend investor's perspective. Owning a strong...
If you want to compound wealth in the stock market, you can do so by buying an index fund. But you can significantly...
TORM plc has been notified of the following transaction in TORM plc securities: Name:Jacob MeldgaardReason:Executive DirectorSecurities code (ISIN.
The firm’s 1st-quarter investments include Baidu, Liberty Global Continue reading...
Major petroleum distillate futures are also in contango.Shipbrokers have reported clean tankers being fixed for floating storage.Clean product tanker operators may benefit.
TORM plc expects to issue financial statements and convene its Annual General Meeting on the following dates in 2020: 4 March 2020.
TORM has obtained commitment from leading ship lending banks for two separate term facilities and a revolving credit facility of up to a total of USD 496m. Following the refinancing, TORM does not have any major debt maturities until 2026 which supports TORM’s strong capital structure.
TORM has today entered into an agreement to purchase two scrubber-fitted and fuel-efficient LR2 newbuildings from Guangzhou Shipyard International (“GSI”) with expected delivery in the fourth quarter of 2021. TORM has utilized its long-term relationship with state-owned GSI to secure the contract.
Today, the High Court has approved a reduction of TORM plc’s share premium account by USD 900m (the "Capital Reduction") under section 648 of the Companies Act 2006. The Capital Reduction was approved by TORM’s shareholders at the Annual General Meeting held on 15 April 2020. The Capital Reduction will not reduce the underlying net assets of the Company but increase the distributable reserves by USD 900m and thereby provide the Company with additional flexibility to undertake future share buybacks or dividend payments, should circumstances make this desirable.
TORM plc (“TORM” or the “Company”) (ticker:TRMD A on Nasdaq in Copenhagen and TRMD on Nasdaq in New York) will release its financial results for the first quarter of 2020 on Thursday, 14 May 2020. The Company’s results will be presented at a conference call at 9:00 am Eastern Time / 3:00 pm Central European Time.
“During the first quarter of 2020, TORM obtained a profit before tax of USD 57m, which represents the strongest start to a year in more than a decade. The strong start has.
As previously announced, the Board of Directors authorized – and at the Company’s AGM on 15 April 2020 the Company’s shareholders approved – a dividend payment for the six months ended 31 December 2019 of USD 0.10 per A‐share to be paid to the shareholders whose names appear on the register of members at close of business on 20 April 2020. As regards A-shares that are eligible for trading on Nasdaq in New York (the “US A-shares”) and that are held via book-entry interests through Cede & Co., the nominee of Depositary Trust Company, the US central securities depositary and clearance system, it has come to the Company’s attention that the dividend record date of 20 April 2020 was not properly notified to Nasdaq in New York. Accordingly, the Board of Directors of the Company has authorized a new record date of 4 May 2020 and a revised dividend payment date of 15 May 2020 for all the US A-shares.
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...
TORM plc (the “Company”) announces that all the resolutions set out in the notice of the Annual General Meeting dated 13 March 2020 were duly passed on a poll at today’s Annual.
Author summary The topology of a folded polypeptide chain has great impact on the resulting protein function and its interaction with ligands. Interestingly, topological constraints appear to affect binding of one of the most ubiquitous substrates in the cell…
In accordance with TORM plc’s (“TORM”) Remuneration Policy adopted by the Annual General Meeting of TORM plc on 12 April 2018, the Board of Directors has as part of a long-term incentive program decided to grant certain employees (the “Participants”) Restricted Share Units (“RSUs”) in the form of restricted stock options. The RSUs aim at incentivizing the Participants to seek to improve the performance of TORM and thereby the TORM share price for the mutual benefit of themselves and the shareholders of TORM. The exercise price for each TORM A-share is DKK 69.9, corresponding to the average of 90 calendar days preceding the publication of TORM plc’s 2019 Annual Report plus a 15% premium and reduced by DKK 0.7, corresponding to TORM’s dividend payment in May 2020.
Oaktree chairman shares views about market valuations Continue reading...
TORM plc (“TORM” or the “Company”) (ticker:TRMD A on Nasdaq in Copenhagen and TRMD on Nasdaq in New York) will release its financial results for 2019 on Wednesday, 11 March 2020. The Company’s results will be presented at a conference call at 10:00 am Eastern Time / 3:00 pm Central European Time.
Enclosed please find the notice of and the complete proposals for the Annual General Meeting of TORM plc to be held on 15 April 2020. ContactTORM plcChristopher H..
TORM plc (“TORM”) increases its share capital by 12,405 A-shares (corresponding to a nominal value of USD 124.05) as a result of the exercise of a corresponding number of Restricted Share Units. The capital increase is carried out without any pre-emption rights for existing shareholders or others. The new shares have been subscribed for in cash at DKK 53.7 per A-share with a nominal value of USD 0.01 each.