• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Superconnector
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI superconnector for talent & startupsNEW
    Legal
    Terms of usePrivacy policyCookie policy

    Amendment: SEC Form SCHEDULE 13D/A filed by TORM plc

    9/5/25 5:56:20 PM ET
    $TRMD
    Marine Transportation
    Consumer Discretionary
    Get the next $TRMD alert in real time by email



    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549


    SCHEDULE 13D

    Under the Securities Exchange Act of 1934

    (Amendment No. 16)


    TORM plc

    (Name of Issuer)


    Class A common shares, par value $0.01 per share

    (Title of Class of Securities)


    G89479102

    (CUSIP Number)


    Richard Ting
    Oaktree Capital Management, L.P., 333 S. Grand Avenue, 28th Floor
    Los Angeles, CA, 90071
    (213) 830-6300

    (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
    09/03/2025

    (Date of Event Which Requires Filing of This Statement)


    If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Checkbox not checked

    The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






    SCHEDULE 13D

    CUSIP No.
    G89479102


    1 Name of reporting person

    OCM NJORD HOLDINGS S.A R.L
    2Check the appropriate box if a member of a Group (See Instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3SEC use only
    4 Source of funds (See Instructions)

    WC
    5 Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

    Checkbox not checked
    6Citizenship or place of organization

    LUXEMBOURG
    Number of Shares Beneficially Owned by Each Reporting Person With:
    7Sole Voting Power

    0.00
    8Shared Voting Power

    40,581,120.00
    9Sole Dispositive Power

    0.00
    10Shared Dispositive Power

    40,581,120.00
    11Aggregate amount beneficially owned by each reporting person

    40,581,120.00
    12Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

    Checkbox not checked
    13Percent of class represented by amount in Row (11)

    41.43 %
    14Type of Reporting Person (See Instructions)

    OO

    Comment for Type of Reporting Person:
    The percent of class is calculated based on 97,952,429 shares of Class A common stock, par value $0.01 per share (the "Class A Shares") outstanding as of June 4, 2025, as reported in Exhibit 99.1 to the Issuer's Form 6-K filed with the Securities and Exchange Commission on June 4, 2025 (the "Form 6-K").


    SCHEDULE 13D

    CUSIP No.
    G89479102


    1 Name of reporting person

    OAKTREE CAPITAL MANAGEMENT GP, LLC
    2Check the appropriate box if a member of a Group (See Instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3SEC use only
    4 Source of funds (See Instructions)

    AF
    5 Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

    Checkbox checked
    6Citizenship or place of organization

    DELAWARE
    Number of Shares Beneficially Owned by Each Reporting Person With:
    7Sole Voting Power

    0.00
    8Shared Voting Power

    40,581,120.00
    9Sole Dispositive Power

    0.00
    10Shared Dispositive Power

    40,581,120.00
    11Aggregate amount beneficially owned by each reporting person

    40,581,120.00
    12Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

    Checkbox not checked
    13Percent of class represented by amount in Row (11)

    41.43 %
    14Type of Reporting Person (See Instructions)

    OO

    Comment for Type of Reporting Person:
    The percent of class is calculated based on 97,952,429 Class A Shares outstanding as of June 4, 2025, as reported in the Issuer's Form 6-K.


    SCHEDULE 13D

    CUSIP No.
    G89479102


    1 Name of reporting person

    Oaktree Capital Holdings, LLC
    2Check the appropriate box if a member of a Group (See Instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3SEC use only
    4 Source of funds (See Instructions)

    AF
    5 Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

    Checkbox not checked
    6Citizenship or place of organization

    DELAWARE
    Number of Shares Beneficially Owned by Each Reporting Person With:
    7Sole Voting Power

    0.00
    8Shared Voting Power

    40,581,120.00
    9Sole Dispositive Power

    0.00
    10Shared Dispositive Power

    40,581,120.00
    11Aggregate amount beneficially owned by each reporting person

    40,581,120.00
    12Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

    Checkbox not checked
    13Percent of class represented by amount in Row (11)

    41.43 %
    14Type of Reporting Person (See Instructions)

    CO

    Comment for Type of Reporting Person:
    The percent of class is calculated based on 97,952,429 Class A Shares outstanding as of June 4, 2025, as reported in the Issuer's Form 6-K.


    SCHEDULE 13D

    CUSIP No.
    G89479102


    1 Name of reporting person

    Oaktree Capital Group Holdings GP, LLC
    2Check the appropriate box if a member of a Group (See Instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3SEC use only
    4 Source of funds (See Instructions)

    AF
    5 Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

    Checkbox not checked
    6Citizenship or place of organization

    DELAWARE
    Number of Shares Beneficially Owned by Each Reporting Person With:
    7Sole Voting Power

    0.00
    8Shared Voting Power

    40,581,120.00
    9Sole Dispositive Power

    0.00
    10Shared Dispositive Power

    40,581,120.00
    11Aggregate amount beneficially owned by each reporting person

    40,581,120.00
    12Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

    Checkbox not checked
    13Percent of class represented by amount in Row (11)

    41.43 %
    14Type of Reporting Person (See Instructions)

    CO

    Comment for Type of Reporting Person:
    The percent of class is calculated based on 97,952,429 Class A Shares outstanding as of June 4, 2025, as reported in the Issuer's Form 6-K.


    SCHEDULE 13D

    Item 1.Security and Issuer
    (a)Title of Class of Securities:

    Class A common shares, par value $0.01 per share
    (b)Name of Issuer:

    TORM plc
    (c)Address of Issuer's Principal Executive Offices:

    Birchin Court, 20 Birchin Lane, London, UNITED KINGDOM , EC3V 9DU.
    Item 1 Comment:
    This Amendment No. 16 ("Amendment No. 16") is being filed by the undersigned to amend the Schedule 13D filed by the Reporting Persons on February 5, 2018, as amended by Amendment No. 1 thereto filed March 27, 2020, Amendment No. 2 thereto filed May 19, 2020, Amendment No. 3 thereto filed June 5, 2020, Amendment No. 4 thereto filed June 17, 2020, Amendment No. 5 thereto filed September 14, 2020, Amendment No. 6 thereto filed April 26, 2023, Amendment No. 7 thereto filed June 12, 2023, Amendment No. 8 thereto filed December 4, 2023, Amendment No. 9 thereto filed January 9, 2024, Amendment No. 10 thereto filed January 18, 2024, Amendment No. 11 thereto filed March 14, 2024, Amendment No. 12 thereto filed April 8, 2024, Amendment No. 13 thereto filed June 3, 2024, Amendment No. 14 thereto filed October 3, 2024 and Amendment No. 15 thereto filed March 18, 2025 (the "Original 13D," and together with Amendment No. 16, the "Schedule 13D") with respect to the Class A Shares of the Issuer. Except as specifically provided herein, this Amendment No. 16 does not modify any of the information previously reported on the Schedule 13D. Capitalized terms not otherwise defined in this Amendment No. 16 shall have the same meanings ascribed thereto in the Schedule 13D. The Issuer is a foreign private issuer as defined in Rule 3b-4 of the Act and its principal executive offices are at Birchin Court, 20 Birchin Lane, London, EC3V 9DU, United Kingdom.
    Item 4.Purpose of Transaction
     
    Item 4 of the Schedule 13D is hereby amended and supplemented to include the following at the end thereof: On September 3, 2025, OCM Njord Holdings S.a r.l. ("OCM Njord") entered into an Offer Letter dated September 3, 2025 (the "Offer Letter") by and between OCM Njord and Hafnia Limited ("Hafnia" and together with OCM Njord, the "Parties"). Pursuant to the Offer Letter, Hafnia has agreed, subject to the execution of definitive transaction documents, to buy 14,156,061 Class A Shares (the "Sale Shares") from OCM Njord, at a price of $22.00 per Sale Share, or $311,433,342 in aggregate cash proceeds to OCM Njord (the "Purchase"). The Offer Letter provides that completion of the Purchase is expected to be subject to conditions, including, but not limited to, (i) the appointment of a single nominee proposed by OCM Njord, following consultation with Hafnia, as director of the Issuer and that such nominee be appointed chair of the Issuer's board of directors, (ii) that no material non-arm's length transactions (such as share issuances below market price, except for ordinary course grants or issuance of securities pursuant to existing incentive programs) have been proposed or completed prior to the completion of the Purchase and (iii) the receipt of any mandatory, suspensory antitrust or foreign investment control approvals required to be obtained prior to completion of the Purchase. It also provides that the Parties will agree to cooperate to obtain confirmation, prior to entering into definitive documents, from the Panel on Takeovers and Mergers that Hafnia will not be considered to be "acting in concert" with OCM Njord in relation to the Issuer for purposes of the City Code on Takeovers and Mergers (the "UK Takeover Code") and that the Purchase will not give rise to any other adverse consequences under the UK Takeover Code. The Purchase is subject to the Parties entering into definitive documents regarding the proposed transaction. The Parties agreed to work towards agreeing definitive documents as soon as practicable, subject to having first received the UK Takeover Code confirmations referenced above. No agreement between the Parties, or with any of their respective affiliates, shall be deemed to exist until the Parties enter into definitive documents regarding the subject matter in the Offer Letter. The foregoing description of the Offer Letter does not purport to be complete and is qualified in its entirety by reference to the full text of the Offer Letter, a copy of which is attached hereto as Exhibit B and which is incorporated by reference herein.
    Item 6.Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
     
    The information contained in Item 4 is hereby incorporated by reference to this Item 6.
    Item 7.Material to be Filed as Exhibits.
     
    Exhibit A Joint Filing Agreement, dated as of September 5, 2025, by and among the Reporting Persons. Exhibit B Offer Letter, dated as of September 3, 2025, by and between OCM Njord Holdings S.a r.l. and Hafnia Limited.

        SIGNATURE 
     
    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

     
    OCM NJORD HOLDINGS S.A R.L
     
    Signature:/s/ Martin Eckel
    Name/Title:Martin Eckel / Manager
    Date:09/05/2025
     
    OAKTREE CAPITAL MANAGEMENT GP, LLC
     
    Signature:/s/ Henry Orren
    Name/Title:Henry Orren / Senior Vice President
    Date:09/05/2025
     
    Oaktree Capital Holdings, LLC
     
    Signature:/s/ Henry Orren
    Name/Title:Henry Orren / Senior Vice President
    Date:09/05/2025
     
    Oaktree Capital Group Holdings GP, LLC
     
    Signature:/s/ Henry Orren
    Name/Title:Henry Orren/ Senior Vice President
    Date:09/05/2025
    Get the next $TRMD alert in real time by email

    Crush Q3 2025 with the Best AI Superconnector

    Stay ahead of the competition with Standout.work - your AI-powered talent-to-startup matching platform.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Standout.work

    Recent Analyst Ratings for
    $TRMD

    DatePrice TargetRatingAnalyst
    4/12/2022$14.00Buy
    H.C. Wainwright
    More analyst ratings

    $TRMD
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    View All

    H.C. Wainwright initiated coverage on TORM plc with a new price target

    H.C. Wainwright initiated coverage of TORM plc with a rating of Buy and set a new price target of $14.00

    4/12/22 7:39:42 AM ET
    $TRMD
    Marine Transportation
    Consumer Discretionary

    $TRMD
    SEC Filings

    View All

    SEC Form 6-K filed by TORM plc

    6-K - TORM plc (0001655891) (Filer)

    9/9/25 4:14:45 PM ET
    $TRMD
    Marine Transportation
    Consumer Discretionary

    Amendment: SEC Form SCHEDULE 13D/A filed by TORM plc

    SCHEDULE 13D/A - TORM plc (0001655891) (Subject)

    9/5/25 5:56:20 PM ET
    $TRMD
    Marine Transportation
    Consumer Discretionary

    SEC Form 6-K filed by TORM plc

    6-K - TORM plc (0001655891) (Filer)

    9/4/25 4:09:31 PM ET
    $TRMD
    Marine Transportation
    Consumer Discretionary

    $TRMD
    Press Releases

    Fastest customizable press release news feed in the world

    View All

    Announcement from TORM

    HELLERUP, Denmark, Sept. 3, 2025 /PRNewswire/ -- TORM plc ("TORM") (NASDAQ: TRMD) (NASDAQ: TRMD A) has today been informed of the announcement (the Announcement) by Hafnia Limited ("Hafnia"), confirming that Oaktree Capital Management, L.P. and its affiliates have accepted, subject to entering into a definitive agreement, to sell to Hafnia approximately 14.1 million A shares in TORM, representing approximately 14.45% of TORM's issued share capital (the Share Purchase). The A shares are priced at USD 22 per share for a total purchase price of USD 311,433,342. The Announcement notes that completion of the Share Purchase is subject to entry into a definitive agreement and the fulfilment of cus

    9/3/25 9:52:00 AM ET
    $TRMD
    Marine Transportation
    Consumer Discretionary

    TORM plc Q2 2025 Results, Dividend Distribution, and Financial Outlook 2025

    HELLERUP, Denmark, Aug. 14, 2025 /PRNewswire/ -- INSIDE INFORMATION "TORM delivered a strong second-quarter result with continued market-leading performance, against a backdrop of global uncertainty," says Jacob Meldgaard, adding: "We see strong momentum heading into the second half of the year, and as a result, we are raising our full-year guidance." Financial Results In the second quarter of 2025 TORM (NASDAQ:TRMD) or (NASDAQ:TRMD) generated time charter equivalent earnings (TCE) of USD 208.2m including unrealized losses on derivatives of USD  -2.2m (2024, same period: USD 325.9m including unrealized losses on derivatives of USD 0.0m). Adjusted EBITDA totaled USD 129.0m (2024, same period

    8/14/25 2:35:00 AM ET
    $TRMD
    Marine Transportation
    Consumer Discretionary

    TORM plc capital increase in connection with exercise of Restricted Share Units as part of TORM's incentive program

    HELLERUP, Denmark, June 4, 2025 /PRNewswire/ -- TORM plc (NASDAQ:TRMD) or (NASDAQ:TRMD) has increased its share capital by 11,236 A-shares (corresponding to a nominal value of USD 112.36) as a result of the exercise of a corresponding number of Restricted Share Units. All new shares are subscribed for in cash at DKK 0.08 per A-share. Transfer restrictions may apply in certain jurisdictions outside Denmark, including applicable U.S. securities laws. The capital increase is carried out without any pre-emption rights for existing shareholders or others. The new shares (i) are ordinary shares without any special rights and are negotiable instruments, (ii) give the right to dividends and other r

    6/4/25 3:57:00 AM ET
    $TRMD
    Marine Transportation
    Consumer Discretionary

    $TRMD
    Leadership Updates

    Live Leadership Updates

    View All

    Announcement from TORM

    HELLERUP, Denmark, Sept. 3, 2025 /PRNewswire/ -- TORM plc ("TORM") (NASDAQ: TRMD) (NASDAQ: TRMD A) has today been informed of the announcement (the Announcement) by Hafnia Limited ("Hafnia"), confirming that Oaktree Capital Management, L.P. and its affiliates have accepted, subject to entering into a definitive agreement, to sell to Hafnia approximately 14.1 million A shares in TORM, representing approximately 14.45% of TORM's issued share capital (the Share Purchase). The A shares are priced at USD 22 per share for a total purchase price of USD 311,433,342. The Announcement notes that completion of the Share Purchase is subject to entry into a definitive agreement and the fulfilment of cus

    9/3/25 9:52:00 AM ET
    $TRMD
    Marine Transportation
    Consumer Discretionary

    TORM Acquires Full Ownership of ME Production to Accelerate Green Maritime Innovation

    HELLERUP, Denmark, June 3, 2025 /PRNewswire/ -- TORM (NASDAQ:TRMD) expands its environmental and technical capabilities by acquiring full ownership of ME Production, a Danish specialist in advanced marine and energy equipment. Longstanding Partnership Becomes Full Ownership TORM A/S has acquired the remaining 25% ownership stake in ME Production (MEP) from founder and CEO Jens Peter Faldt. MEP is a Danish industrial engineering company with a proven record in green maritime equipment. This expansion follows TORM's initial acquisition of a 75% ownership stake in 2022, and now TORM has full ownership of MEP. The two companies have maintained a close, productive collaboration since 2018, when

    6/3/25 10:00:00 AM ET
    $TRMD
    Marine Transportation
    Consumer Discretionary

    Torm PLC: Notice of and complete proposals for the Annual General Meeting 2025

    HELLERUP, Denmark, March 17, 2025 /PRNewswire/ -- Please find enclosed formal notice of, and full details of the business to be proposed at, the Annual General Meeting ("AGM") of TORM plc to be held at noon (London time) on Wednesday, 16 April 2025. Contacts:Christopher H. Boehringer, Chairman, tel.: +45 3917 9200Jacob Meldgaard, Chief Executive Officer and Executive Director, tel.: +45 3917 9200Christopher Everard, General Manager, tel.: +44 7920 494 853Kim Balle, Chief Financial Officer, tel.: +45 3917 9200 About TORM TORM is one of the world's leading carriers of refined oil products. TORM operates a fleet of approximately 90 product tanker vessels with a strong commitment to safety, en

    3/17/25 8:25:00 AM ET
    $TRMD
    Marine Transportation
    Consumer Discretionary

    $TRMD
    Financials

    Live finance-specific insights

    View All

    TORM plc Q2 2025 Results, Dividend Distribution, and Financial Outlook 2025

    HELLERUP, Denmark, Aug. 14, 2025 /PRNewswire/ -- INSIDE INFORMATION "TORM delivered a strong second-quarter result with continued market-leading performance, against a backdrop of global uncertainty," says Jacob Meldgaard, adding: "We see strong momentum heading into the second half of the year, and as a result, we are raising our full-year guidance." Financial Results In the second quarter of 2025 TORM (NASDAQ:TRMD) or (NASDAQ:TRMD) generated time charter equivalent earnings (TCE) of USD 208.2m including unrealized losses on derivatives of USD  -2.2m (2024, same period: USD 325.9m including unrealized losses on derivatives of USD 0.0m). Adjusted EBITDA totaled USD 129.0m (2024, same period

    8/14/25 2:35:00 AM ET
    $TRMD
    Marine Transportation
    Consumer Discretionary

    TORM plc capital increase in connection with exercise of Restricted Share Units as part of TORM's incentive program

    HELLERUP, Denmark, June 4, 2025 /PRNewswire/ -- TORM plc (NASDAQ:TRMD) or (NASDAQ:TRMD) has increased its share capital by 11,236 A-shares (corresponding to a nominal value of USD 112.36) as a result of the exercise of a corresponding number of Restricted Share Units. All new shares are subscribed for in cash at DKK 0.08 per A-share. Transfer restrictions may apply in certain jurisdictions outside Denmark, including applicable U.S. securities laws. The capital increase is carried out without any pre-emption rights for existing shareholders or others. The new shares (i) are ordinary shares without any special rights and are negotiable instruments, (ii) give the right to dividends and other r

    6/4/25 3:57:00 AM ET
    $TRMD
    Marine Transportation
    Consumer Discretionary

    TORM plc capital increase in connection with exercise of Restricted Share Units as part of TORM's incentive program

    HELLERUP, Denmark, May 19, 2025 /PRNewswire/ -- TORM plc (NASDAQ:TRMD) or (NASDAQ:TRMD) has increased its share capital by 151,581 A-shares (corresponding to a nominal value of USD 1,515.81) as a result of the exercise of a corresponding number of Restricted Share Units. All new shares are subscribed for in cash at DKK 0.08 per A-share. Transfer restrictions may apply in certain jurisdictions outside Denmark, including applicable US securities laws. The capital increase is carried out without any pre-emption rights for existing shareholders or others. The new shares (i) are ordinary shares without any special rights and are negotiable instruments, (ii) give the right to dividends and other

    5/19/25 3:53:00 AM ET
    $TRMD
    Marine Transportation
    Consumer Discretionary

    $TRMD
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    View All

    Amendment: SEC Form SC 13D/A filed by TORM plc

    SC 13D/A - TORM plc (0001655891) (Subject)

    10/3/24 6:32:49 PM ET
    $TRMD
    Marine Transportation
    Consumer Discretionary

    SEC Form SC 13D/A filed by TORM plc (Amendment)

    SC 13D/A - TORM plc (0001655891) (Subject)

    6/3/24 9:30:20 PM ET
    $TRMD
    Marine Transportation
    Consumer Discretionary

    SEC Form SC 13D/A filed by TORM plc (Amendment)

    SC 13D/A - TORM plc (0001655891) (Subject)

    4/8/24 4:31:41 PM ET
    $TRMD
    Marine Transportation
    Consumer Discretionary