SCHEDULE 13D/A: Oaktree Capital Group Maintains Significant Stake in TORM plc as Brookfield Exits Joint Reporting Group
Schedule 13D Amendment
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.
Summary
- This document is Amendment No. 15 to the Schedule 13D filing for TORM plc, updating beneficial ownership information.
- The Oaktree Reporting Persons, including OCM NJORD HOLDINGS S.A R.L, OAKTREE CAPITAL MANAGEMENT GP, LLC, OAKTREE CAPITAL HOLDINGS, LLC, and Oaktree Capital Group Holdings GP, LLC, collectively beneficially own 40,581,120 Class A common shares of TORM plc.
- This ownership represents approximately 41.41% of the total outstanding Class A shares, calculated based on 97,989,514 shares outstanding as of March 14, 2025, as reported in TORM plc's Form 6-K.
- A key update is that Brookfield entities (BROOKFIELD ASSET MANAGEMENT ULC, BROOKFIELD CORPORATION, BROOKFIELD ASSET MANAGEMENT LTD., and BAM PARTNERS TRUST) are no longer acting together with the Oaktree Reporting Persons and have ceased to be beneficial owners of more than five percent of TORM plc's securities.
- The Reporting Persons have not effected any transactions in TORM plc's Class A shares since the filing of Amendment No. 13.
Sentiment
Score: 5
Explanation: Neutral. The document is a factual update on beneficial ownership and reporting group composition, with no explicit positive or negative implications for TORM plc's operations or financial performance.
Stakeholder Impact
- Shareholders: Clarifies the beneficial ownership structure, particularly the Oaktree Group's continued significant stake and Brookfield's exit from the joint reporting group. This provides transparency on major shareholder alignments.
Key Dates
| Date | Description |
|---|---|
| 2018-02-05 | Original Schedule 13D filing date. |
| 2020-03-27 | Amendment No. 1 filing date. |
| 2020-05-19 | Amendment No. 2 filing date. |
| 2020-06-05 | Amendment No. 3 filing date. |
| 2020-06-17 | Amendment No. 4 filing date. |
| 2020-09-14 | Amendment No. 5 filing date. |
| 2023-04-26 | Amendment No. 6 filing date. |
| 2023-06-12 | Amendment No. 7 filing date. |
| 2023-12-04 | Amendment No. 8 filing date. |
| 2024-01-09 | Amendment No. 9 filing date. |
| 2024-01-18 | Amendment No. 10 filing date. |
| 2024-03-14 | Amendment No. 11 filing date. |
| 2024-04-08 | Amendment No. 12 filing date. |
| 2024-06-03 | Amendment No. 13 filing date. |
| 2024-10-03 | Amendment No. 14 filing date. |
| 2025-03-14 | Date of event requiring this filing, based on outstanding shares reported in TORM plc's Form 6-K. |
| 2025-03-18 | Date of Joint Filing Agreement and filing of Amendment No. 15. |
Keywords
TORM plc, Schedule 13D/A, Beneficial Ownership, Oaktree Capital, Brookfield, SEC Filing, Class A Shares, Institutional Ownership, Shareholder Update, Corporate Governance
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