Torm PLC Schedule 13D activist filings

Oaktree Capital Management and its affiliates have reduced their beneficial ownership in TORM plc by selling over 2.5 million Class A shares.

Oaktree Capital Management's voting rights in TORM plc have decreased from 83.40% to 26.08% following the redemption of a Class C-share.

Oaktree Capital Management's OCM Njord Holdings S.A R.L sold 14.16 million Class A shares of TORM plc to Hafnia for $311.4 million, reducing its stake to 26.08%.

Hafnia Ltd. has acquired a 13.97% stake in TORM plc for $311.4 million, signaling potential strategic consolidation in the tanker industry.

Oaktree Capital Management has filed an amendment to its Schedule 13D for TORM plc, updating its beneficial ownership percentage to 40.05% due to a change in the issuer's outstanding Class A shares.

OCM Njord Holdings, an Oaktree entity, has agreed to sell 14.16 million TORM Class A shares to Hafnia Limited for $311.4 million, pending regulatory approvals and other conditions.

OCM Njord Holdings, an Oaktree affiliate, has agreed to sell 14.45% of TORM plc's Class A shares to Hafnia Limited for $311.4 million, subject to regulatory and governance conditions.

OCM Njord Holdings, an Oaktree Capital Management affiliate, has agreed to sell 14.45% of TORM plc's Class A shares to Hafnia Limited for $311.4 million in cash.

Oaktree Capital Group and its affiliates continue to beneficially own 41.41% of TORM plc's Class A shares, while Brookfield entities have ceased to be part of the joint reporting group.