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With reference to the stock exchange announcement of 3 September 2025, Hafnia Limited ("Hafnia", the "Company", OSE ticker code: "HAFNI", NYSE ticker code: "HAFN") today announces that it has entered into a binding share purchase agreement (the "Share Purchase Agreement") with Oaktree Capital Management, L.P. and its affiliates (together, "Oaktree"), to acquire approximately 14.1 million A shares in TORM plc ("TORM", CSE ticker code: "TRMD A", NASDAQ ticker code: "TRMD"), representing approximately 14.45% of TORM's issued share capital. The A shares are priced at US$ 22 per share for a total purchase price of US$ 311,433,342.
Completion of Hafnia's acquisition of the shares from Oaktree is subject to the fulfilment of customary conditions precedent, including among others, obtaining any required regulatory clearances and approvals, satisfaction of certain covenants and appointment of a new independent board chair of TORM.
Upon completion Hafnia will hold approximately 14.45% of issued share capital in TORM.
Posted In: HAFN
