Major Shareholder OCM Njord Files Form 144 to Sell $173M in TORM plc Shares

Significant Form 144 Filing: TORM plc ($TRMD)

Overview
On September 23, 2026, OCM Njord Holdings S.a r.l., a prominent 10% beneficial owner (affiliated with Oaktree Capital Management), filed a Form 144 indicating intent to sell 5,000,000 Class A common shares of TORM plc through J.P. Morgan Securities LLC.

Key Transaction Details

• Shares to be Sold: 5,000,000
• Aggregate Market Value: $173,150,000.00
• Implied Price per Share: ~$34.63
• Shares Outstanding: 102,553,688 (~4.88% of total outstanding shares)
• Approximate Sale Date: September 23, 2026

Prior Divestment Activity

Within the past three months, OCM Njord sold 9,000,000 shares on September 16, 2026, generating gross proceeds of $285,750,000.00 pursuant to an effective registration statement. Combined with the proposed 5,000,000 share liquidation, the total divestment across September 2026 amounts to 14,000,000 shares worth approximately $458.9 million.

Market Impact & Significance

This filing carries High trading significance due to the substantial volume (nearly 5% of all outstanding common equity) hitting the secondary market within a very short span following a 9M share registered offering. Such large-scale institutional exits typically exert notable downward supply pressure on share prices in the near term.