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HAFNIA LIMITED: Acquisition of an Additional 1.7 Million TORM Shares

  • Hafnia Limited agreed to acquire 1,700,000 A shares in TORM plc at USD 34.00 per share.
  • The acquisition represents 1.66% of TORM's issued and outstanding share capital as of the announcement date.
  • Upon completion, Hafnia will hold approximately 19.85% of TORM's total issued and outstanding share capital.
  • The purchase will be funded using Hafnia's cash on hand and available credit facilities.
  • Hafnia is a leading global tanker owner operating around 180 vessels across oil, oil products, and chemicals transport.
  • The company is part of the BW Group, which has operated in the shipping industry for over 80 years.