In connection with completion of the restructuring, the Board of Directors intends to implement the Annual General Meeting's decision to decrease the share capital of the Company by decreasing the nominal amount per share (denomination) from DKK 5.00 to DKK 0.01.As part of the restructuring, TORM will make substantial changes to the internal legal group structure of the Company to align it with the individual loan facilities. This involves transfer of vessels to separate legal entities in Denmark and Singapore. All legal entities will ultimately be owned by TORM A/S.
TORM Signs Restructuring Agreement With Its Banks And Time Charter Partners
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