XML 126 R19.htm IDEA: XBRL DOCUMENT
v3.20.1

COMMON SHARES AND TREASURY SHARES | 12 Months Ended
--- | ---
Dec. 31, 2019
COMMON SHARES AND TREASURY SHARES |
COMMON SHARES AND TREASURY SHARES | NOTE 13 – COMMON SHARES AND TREASURY SHARES
Common shares |  | 2019 |  | 2018 |  | 2017
|  | Number of shares |  | Number of shares |  | Number of shares
A-shares |  | 74,748,248 |  | 74,218,846 |  | 62,298,846
B-shares |  | 1 |  | 1 |  | 1
C-shares |  | 1 |  | 1 |  | 1
Total |  | 74,748,250 |  | 74,218,848 |  | 62,298,848
The A-shares are listed on Nasdaq OMX Copenhagen and Nasdaq in New York and are publicly available for trading. Each A-share carries one vote at the general meeting and gives the shareholders right to dividends, liquidation proceeds or other distributions. The A-shares carry no other rights or obligations. The B-share has one vote at the general meeting, has no pre-emption rights in relation to any issue of new shares of other classes and carries no right to receive dividends, liquidation proceeds or other distributions from TORM. The holder of the B-share has the right to elect one member to the Board of Directors (being the Deputy Chairman), up to three alternates as well as one Board Observer. The B-share cannot be transferred or pledged, except for a transfer to a replacement trustee. The C-share represents 350,000,000 votes at the general meeting in respect of certain Specified Matters, including election of members to the Board of Directors (including the Chairman but excluding the Deputy Chairman) and certain amendments to the Articles of Association proposed by the Board of Directors. The C-share has no pre-emption rights in relation to any issue of new shares of other classes and carries no right to receive dividends, liquidation proceeds or other distributions from TORM. The C-share cannot be transferred or pledged, except to an affiliate of Njord Luxco. The B-share and the C-share are redeemable by TORM in the event that (i) TORM has received written notification from Njord Luxco (or its affiliates) that Njord Luxco and its affiliates (as defined in the Articles of Association) hold less than 1/3 in aggregate of TORM’s issued and outstanding shares, (ii) five business days have elapsed from the Board of Directors’ receipt of such written notice either without any Board member disputing such notice or with at least 2/3 of the Board members confirming such notice and (iii) both of the B-share and the C-share are redeemed at the same time. Issued warrants Key management participates in an LTIP program, which gives the right to buy TORM shares at a predefined share price. Please refer to note 3.
Treasury shares |  | 2019 |  | 2018 |  | 2017
Number of shares (‘000) |  |  |  |  |  |
Balance as of 1 January |  | 312.9 |  | 312.9 |  | 312.9
Additions |  | — |  | — |  | —
Cancellations |  | — |  | — |  | —
Disposals |  | — |  | — |  | —
Balance as of 31 December |  | 312.9 |  | 312.9 |  | 312.9
Treasury shares - continued |  | 2019 |  | 2018 |  | 2017 |
Nominal value USD ‘000 |  |  |  |  |  |  |
Balance as of 1 January |  | 3.1 |  | 3.1 |  | 3.1 |
Additions |  | — |  | — |  | — |
Cancellations |  | — |  | — |  | — |
Disposals |  | — |  | — |  | — |
Balance as of 31 December |  | 3.1 |  | 3.1 |  | 3.1 |
Percentage of share capital |  |  |  |  |  |  |
Balance as of 1 January |  | 0.4 | % | 0.5 | % | 0.5 | %
Additions |  | — |  | — |  | 0.0 | %
Cancellations |  | — |  | — |  | 0.0 | %
Disposals |  | — |  | — |  | — |
Dilution, due to capital increases |  | — |  | (0.1) | % | 0.0 | %
Balance as of 31 December |  | 0.4 | % | 0.4 | % | 0.5 | %
The total consideration for the treasury shares was USD 0.0m (2018: USD 0.0m, 2017: USD 0.0m). As of 31 December 2019, the Company’s holding of treasury shares represented 312,871 shares (2018: 312,871 shares, 2017: 312,871 shares) of USD 0.01 each at a total nominal value of USD 0.0m (2018: USD 0.0m, 2017: USD 0.0m) and a market value of USD 3.5m (2018: USD 2.1m, 2017: USD 2.7m).

X
- Definition The entire disclosure for share capital, reserves and other equity interest. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2019-01-01 -Paragraph 79 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2019-en-r&anchor=para_79&doctype=Standard -URIDate 2019-03-27 + Details
Name: | ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | trmd_CommonSharesTreasurySharesAbstract
Namespace Prefix: | trmd_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration