<SEC-DOCUMENT>0000919574-25-007489.txt : 20251223
<SEC-HEADER>0000919574-25-007489.hdr.sgml : 20251223
<ACCEPTANCE-DATETIME>20251223163443
ACCESSION NUMBER:		0000919574-25-007489
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20251231
FILED AS OF DATE:		20251223
DATE AS OF CHANGE:		20251223

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TORM plc
		CENTRAL INDEX KEY:			0001655891
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				000000000
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38294
		FILM NUMBER:		251601128

	BUSINESS ADDRESS:	
		STREET 1:		OFFICE 506
		STREET 2:		20 ST DUNSTAN'S HILL
		CITY:			LONDON
		STATE:			X0
		ZIP:			EC3R 8HL
		BUSINESS PHONE:		44 203 286 6222

	MAIL ADDRESS:	
		STREET 1:		OFFICE 506
		STREET 2:		20 ST DUNSTAN'S HILL
		CITY:			LONDON
		STATE:			X0
		ZIP:			EC3R 8HL

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TORM Ltd
		DATE OF NAME CHANGE:	20151125

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Anchor Admiral Ltd
		DATE OF NAME CHANGE:	20151016
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>d12065304_6k.htm
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Seward & Kissel LLP
         Document created using Broadridge PROfile 25.10.1.5333
         Copyright 1995 - 2025 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div><br>
  </div>
  <div><br>
  </div>
  <div><br>
  </div>
  <div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">Washington, D.C.&#160; 20549</div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">FORM 6-K</div>
    <div><br>
    </div>
    <div style="text-align: center; margin-left: 9pt; font-family: 'Times New Roman', serif; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934</div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman', serif;">For the month of December 2025</div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Commission File Number 001-38294</div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">TORM plc</div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">4th&#160;Floor, 120 Cannon Street, London, EC4N 6AS, United Kingdom</div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">(Address of principal executive offices)</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', serif;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', serif;">Form 20-F [X]&#160; &#160; &#160;&#160; Form 40-F [&#160; ]</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">INFORMATION CONTAINED IN THIS FORM 6-K REPORT</div>
    <div><br>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt; color: #000000; font-family: 'Times New Roman', serif;">Attached to this Report on Form&#160;6-K&#160;as <a href="d12065304_ex99-1.htm">Exhibit 99.1</a> is a copy of the press release of TORM plc (the &#8220;Company&#8221;), dated December 23, 2025, announcing that the Company has been
        informed that Hafnia Limited&#8217;s acquisition in shares of the Company from Oaktree Capital Management, L.P. and its affiliates was completed on December 22, 2025.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; color: #000000; font-family: 'Times New Roman', serif;">The information contained in this Report on Form 6-K is hereby incorporated by reference into the Company&#8217;s registration statement on Form F-3
        (File No. 333-283943) that was filed with the U.S. Securities and Exchange Commission effective December 19, 2024.</div>
      <div><br>
      </div>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">SIGNATURES</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000; font-family: 'Times New Roman', serif;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
      the undersigned, thereunto duly authorized.</div>
    <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif;"> </font><br>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z8fcc42b416e14e74b166f24a7e0d5657">

        <tr>
          <td style="width: 49.86%; vertical-align: top;">&#160;</td>
          <td colspan="3" style="width: 50.14%; vertical-align: top;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">TORM PLC</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49.86%; vertical-align: top;">&#160;</td>
          <td colspan="3" style="width: 50.14%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 49.86%; vertical-align: top;">
            <div style="text-align: justify; font-family: 'Times New Roman', serif;">Dated: December 25, 2025</div>
          </td>
          <td colspan="3" style="width: 50.14%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 49.86%; vertical-align: top;">&#160;</td>
          <td style="width: 10.78%; vertical-align: top;">&#160;</td>
          <td style="width: 30.72%; vertical-align: top;">&#160;</td>
          <td style="width: 8.64%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 49.86%; vertical-align: top;">&#160;</td>
          <td style="width: 10.78%; vertical-align: top;">
            <div style="text-align: justify; font-family: 'Times New Roman', serif;">By:</div>
          </td>
          <td style="width: 30.72%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify; font-family: 'Times New Roman', serif;">/s/ Jacob Meldgaard</div>
          </td>
          <td style="width: 8.64%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 49.86%; vertical-align: top;">&#160;</td>
          <td style="width: 10.78%; vertical-align: top;">&#160;</td>
          <td style="width: 30.72%; vertical-align: top;">
            <div style="text-align: justify; font-family: 'Times New Roman', serif;">Jacob Meldgaard</div>
          </td>
          <td style="width: 8.64%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 49.86%; vertical-align: top;">&#160;</td>
          <td style="width: 10.78%; vertical-align: top;">&#160;</td>
          <td style="width: 30.72%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif;">Executive Director and Principal Executive Officer</div>
          </td>
          <td style="width: 8.64%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 49.86%; vertical-align: top;">&#160;</td>
          <td style="width: 10.78%; vertical-align: top;">&#160;</td>
          <td style="width: 30.72%; vertical-align: top;">&#160;</td>
          <td style="width: 8.64%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 49.86%; vertical-align: top;">&#160;</td>
          <td style="width: 10.78%; vertical-align: top;">&#160;</td>
          <td style="width: 30.72%; vertical-align: top;">&#160;</td>
          <td style="width: 8.64%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div style="margin-bottom: 8pt;"><br>
    </div>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d12065304_ex99-1.htm
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Seward & Kissel LLP
         Document created using Broadridge PROfile 25.10.1.5333
         Copyright 1995 - 2025 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div><br>
  </div>
  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99.1</font><br>
  </div>
  <div><br>
  </div>
  <div><br>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" id="z5344e2174b9f4a2f83ee5a0f8740d7cb" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="color: #003D4C; font-family: Vitro, Calibri; font-size: 10.5pt;">COMPANY ANNOUNCEMENT</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: right;"><img width="154" height="41" src="image00001.jpg"></div>
          </td>
        </tr>

    </table>
  </div>
  <div><br>
  </div>
  <div>
    <div><br>
    </div>
    <div style="margin-top: 12pt; color: rgb(0, 61, 76); font-family: 'TORM SemiBold','Browallia New',monospace; font-size: 14pt; background-color: rgb(255, 255, 255); font-weight: normal; font-style: normal; font-variant: normal; text-transform: none;">
      <div style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 61, 76); font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; text-transform: none;">Major Shareholder Announcement</div>
      <font style="font-size: 16pt;"> </font></div>
    <font style="font-size: 16pt;"> <font style="background-color: rgb(255, 255, 255); font-weight: bold; color: rgb(0, 61, 76); font-family: 'TORM SemiBold','Browallia New',monospace; font-style: normal; font-variant: normal; text-transform: none;"> </font> </font>
    <div><br>
    </div>
    <div style="margin-top: 2pt; color: rgb(0, 61, 76); font-family: Arial; font-size: 8pt; background-color: rgb(255, 255, 255); font-weight: normal; font-style: normal; font-variant: normal; text-transform: none;">With reference to TORM plc&#8217;s (Nasdaq:
      TRMD or TRMD A) company announcements dated 03 and 09 September 2025 regarding Hafnia Limited&#8217;s (&#8220;Hafnia&#8221;) potential acquisition of shares in TORM plc from Oaktree Capital Management, L.P. and its affiliates (&#8220;Oaktree&#8221;), TORM plc has been informed by
      Oaktree that this acquisition was completed on 22 December 2025.</div>
    <font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 61, 76); font-family: Arial; font-size: 8pt; font-style: normal; font-variant: normal; text-transform: none;"> </font>
    <div style="margin-top: 2pt;"><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 61, 76); font-family: Arial; font-size: 8pt; font-style: normal; font-variant: normal; text-transform: none;"><br>
      </font> </div>
    <font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 61, 76); font-family: Arial; font-size: 8pt; font-style: normal; font-variant: normal; text-transform: none;"> </font>
    <div style="margin-top: 2pt; color: rgb(0, 61, 76); font-family: Arial; font-size: 8pt; background-color: rgb(255, 255, 255); font-weight: normal; font-style: normal; font-variant: normal; text-transform: none;">Following completion of the acquisition,
      TORM plc understands that Oaktree holds 26,425,059 A shares, and Hafnia holds 14,156,061 A shares, out of a total of 101,332,707 A shares of USD 0.01 each.</div>
    <font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 61, 76); font-family: Arial; font-size: 8pt; font-style: normal; font-variant: normal; text-transform: none;"> </font>
    <div style="margin-top: 2pt;"><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 61, 76); font-family: Arial; font-size: 8pt; font-style: normal; font-variant: normal; text-transform: none;"><br>
      </font> </div>
    <font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 61, 76); font-family: Arial; font-size: 8pt; font-style: normal; font-variant: normal; text-transform: none;"> </font>
    <div style="margin-top: 2pt; color: rgb(0, 61, 76); font-family: Arial; font-size: 8pt; background-color: rgb(255, 255, 255); font-weight: normal; font-style: normal; font-variant: normal; text-transform: none;">Accordingly, following receipt of
      Oaktree&#8217;s threshold notice, the board of directors will now undertake the processes required under article 5 of TORM plc&#8217;s articles of association (&#8220;Articles&#8221;) to determine whether the &#8220;threshold date&#8221; defined in the Articles (being the first time at
      which Oaktree and its affiliates have ceased to beneficially own at least one third of the issued shares, excluding any shares held in treasury) has occurred.</div>
    <font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 61, 76); font-family: Arial; font-size: 8pt; font-style: normal; font-variant: normal; text-transform: none;"> </font>
    <div style="margin-top: 2pt;"><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 61, 76); font-family: Arial; font-size: 8pt; font-style: normal; font-variant: normal; text-transform: none;"><br>
      </font> </div>
    <font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 61, 76); font-family: Arial; font-size: 8pt; font-style: normal; font-variant: normal; text-transform: none;"> </font>
    <div style="margin-top: 2pt; color: rgb(0, 61, 76); font-family: Arial; font-size: 8pt; background-color: rgb(255, 255, 255); font-weight: normal; font-style: normal; font-variant: normal; text-transform: none;">Once the threshold date has been
      determined, each of the office of the B director, the C share voting rights and the limitations on TORM plc&#8217;s actions set out in Article 137 will cease to have effect on the threshold date in accordance with the Articles and the B and C share will be
      redeemed and cancelled.</div>
    <font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 61, 76); font-family: Arial; font-size: 8pt; font-style: normal; font-variant: normal; text-transform: none;"> </font>
    <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 61, 76); font-family: Arial; font-size: 8pt; font-style: normal; font-variant: normal; text-transform: none;"><br>
      </font> </div>
    <font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 61, 76); font-family: Arial; font-size: 8pt; font-style: normal; font-variant: normal; text-transform: none;"> </font>
    <div style="margin-top: 2pt; color: rgb(0, 61, 76); font-family: Arial; font-size: 8pt; background-color: rgb(255, 255, 255); font-weight: normal; font-style: normal; font-variant: normal; text-transform: none;">Further announcements will be made as
      appropriate once these processes are concluded.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="margin-top: 2pt; color: rgb(0, 61, 76); font-family: Arial; font-size: 8pt; font-weight: bold; background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none;">Contact</div>
    <font style="background-color: rgb(255, 255, 255); font-family: Arial; font-style: normal; font-variant: normal; text-transform: none;"> </font>
    <div style="color: rgb(0, 61, 76); font-family: Arial; font-size: 8pt; background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none;">Mikael Bo Larsen, Head of Investor Relations</div>
    <font style="background-color: rgb(255, 255, 255); font-family: Arial; font-style: normal; font-variant: normal; text-transform: none;"> </font>
    <div style="color: rgb(0, 61, 76); font-family: Arial; font-size: 8pt; background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none;">Tel.: +45 5143 8002</div>
    <font style="background-color: rgb(255, 255, 255); font-family: Arial; font-style: normal; font-variant: normal; text-transform: none;"> </font>
    <div><font style="background-color: rgb(255, 255, 255); font-family: Arial; font-style: normal; font-variant: normal; text-transform: none;"><br>
      </font> </div>
    <font style="background-color: rgb(255, 255, 255); font-family: Arial; font-style: normal; font-variant: normal; text-transform: none;"> </font>
    <div><font style="background-color: rgb(255, 255, 255); font-family: Arial; font-style: normal; font-variant: normal; text-transform: none;"><br>
      </font> </div>
    <font style="background-color: rgb(255, 255, 255); font-family: Arial; font-style: normal; font-variant: normal; text-transform: none;"> </font>
    <div style="margin-top: 2pt; color: rgb(0, 61, 76); font-family: Arial; font-size: 8pt; background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none;">About TORM </div>
    <font style="background-color: rgb(255, 255, 255); font-family: Arial; font-style: normal; font-variant: normal; text-transform: none;"> </font>
    <div style="font-family: TORM, 'Browallia New', monospace; font-size: 7pt;"><font style="color: rgb(0, 61, 76); background-color: rgb(255, 255, 255); font-family: Arial; font-style: normal; font-variant: normal; text-transform: none; font-size: 8pt;">TORM
        is one of the world&#8217;s leading carriers of refined oil products. TORM operates a fleet of product tanker vessels with a strong commitment to safety. environmental responsibility and customer service. TORM was founded in 1889 and conducts business
        worldwide. TORM&#8217;s shares are listed on Nasdaq in Copenhagen and on Nasdaq in New York (ticker: TRMD A and TRMD. ISIN: GB00BZ3CNK81). For further information, please visit </font><font style="background-color: rgb(255, 255, 255); font-family: Arial; font-style: normal; font-variant: normal; text-transform: none; font-size: 8pt;">www.torm.com<font style="color: #003D4C;">.</font></font></div>
    <font style="background-color: rgb(255, 255, 255); font-family: Arial; font-style: normal; font-variant: normal; text-transform: none; font-size: 8pt;"> </font>
    <div><font style="background-color: rgb(255, 255, 255); font-family: Arial; font-style: normal; font-variant: normal; text-transform: none; font-size: 8pt;"><br>
      </font> </div>
    <font style="background-color: rgb(255, 255, 255); font-family: Arial; font-style: normal; font-variant: normal; text-transform: none; font-size: 8pt;"> </font>
    <div style="margin-top: 6pt; color: rgb(0, 61, 76); font-family: Arial; font-size: 8pt; background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none;">Safe Harbor Statement as to the Future</div>
    <font style="background-color: rgb(255, 255, 255); font-family: Arial; font-style: normal; font-variant: normal; text-transform: none; font-size: 8pt;"></font>
    <div style="margin-bottom: 6pt; color: rgb(0, 61, 76); font-family: Arial; font-size: 6pt; background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none;">Matters discussed in this release may
      constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business.
      Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and
      other statements, which are statements other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement
      in connection with this safe harbor legislation. Words such as, but not limited to, &#8220;expects,&#8221; &#8220;anticipates,&#8221; &#8220;intends,&#8221; &#8220;plans,&#8221; &#8220;believes,&#8221; &#8220;estimates,&#8221; &#8220;targets,&#8221; &#8220;projects,&#8221; &#8220;forecasts,&#8221; &#8220;potential,&#8221; &#8220;continue,&#8221; &#8220;possible,&#8221; &#8220;likely,&#8221; &#8220;may,&#8221;
      &#8220;could,&#8221; &#8220;should&#8221; and similar expressions or phrases may identify forward-looking statements. </div>
    <div style="margin-bottom: 6pt; color: rgb(0, 61, 76); font-family: Arial; font-size: 6pt; background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none;">The forward-looking statements in this
      release are based upon various assumptions, many of which are, in turn, based upon further assumptions, including without limitation, management&#8217;s examination of historical operating trends, data contained in our records and other data available from
      third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond
      our control, the Company cannot guarantee that it will achieve or accomplish these expectations, beliefs, or projections. </div>
    <div style="margin-bottom: 6pt; color: rgb(0, 61, 76); font-family: Arial; font-size: 6pt; background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none;">Important factors that, in our view,
      could cause actual results to differ materially from those discussed in the forward-looking statements include, but are not limited to, our future operating or financial results; changes in governmental rules and regulations or actions taken by
      regulatory authorities; inflationary pressure and central bank policies intended to combat overall inflation and rising interest rates and foreign exchange rates; general domestic and international political conditions or events, including &#8220;trade
      wars&#8221; and the war between Russia and Ukraine, the developments in the Middle East, including the war in Israel and the Gaza Strip, and the conflict regarding the Houthis&#8217; attacks in the Red Sea; international sanctions against Russian oil and oil
      products; changes in economic and competitive conditions affecting our business, including market fluctuations in charter rates and charterers&#8217; abilities to perform under existing time charters; changes in the supply and demand for vessels comparable
      to ours and the number of newbuildings under construction; the highly cyclical nature of the industry that we operate in; the loss of a large customer or significant business relationship; changes in worldwide oil production and consumption and
      storage; risks associated with any future vessel construction; our expectations regarding the availability of vessel acquisitions and our ability to complete acquisition transactions planned; availability of skilled crew members other employees and
      the related labor costs; work stoppages or other labor disruptions by our employees or the employees of other companies in related industries;&#160; effects of new products and new technology in our industry;&#160; new environmental regulations and
      restrictions; the impact of an interruption in or failure of our information technology and communications systems, including the impact of cyber-attacks, upon our ability to operate; potential conflicts of interest involving members of our Board of
      Directors and Senior Management; the failure of counterparties to fully perform their contracts with us; changes in credit risk with respect to our counterparties on contracts; adequacy of insurance coverage; our ability to obtain indemnities from
      customers; changes in laws, treaties or regulations; our incorporation under the laws of England and </div>
    <div style="margin-bottom: 6pt; color: #003D4C; font-family: TORM, 'Browallia New', monospace; font-size: 6pt;"><font style="background-color: rgb(255, 255, 255); font-family: Arial; font-style: normal; font-variant: normal; text-transform: none;"> </font><br>
    </div>
    <div style="margin-bottom: 6pt; color: #003D4C; font-family: TORM, 'Browallia New', monospace; font-size: 6pt;"> <br>
    </div>
    <div style="margin-bottom: 6pt; color: #003D4C; font-family: TORM, 'Browallia New', monospace; font-size: 6pt;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 54.87%; vertical-align: top;">
                <div style="color: #003D4C; font-family: Vitro, Calibri; font-size: 6pt;">ORM PLC | 120 CANNON STREET</div>
                <div style="color: #003D4C; font-family: Vitro, Calibri; font-size: 6pt;">LONDON, EC4N 6AS, UNITED KINGDOM | COMPANY: 09818726</div>
              </td>
              <td style="width: 34.65%; vertical-align: top;">
                <div style="color: #003D4C; font-family: Vitro, Calibri; font-size: 6pt;">COMPANY ANNOUNCEMENT NO. 30</div>
                <div style="color: #003D4C; font-family: Vitro, Calibri; font-size: 6pt;">23 DECEMBER 2025</div>
              </td>
              <td style="width: 10.48%; vertical-align: bottom; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 61, 76); font-family: 'Vitro DemiBold',Calibri; font-size: 6pt; font-style: normal; font-variant: normal; text-transform: none;">
                <div style="text-align: right;">PAGE 1 /2</div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
    </div>
    <div style="margin-bottom: 6pt; color: #003D4C; font-family: TORM, 'Browallia New', monospace; font-size: 6pt;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="margin-bottom: 6pt;"><br>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 50%; vertical-align: top;">
                <div style="color: #003D4C; font-family: Vitro, Calibri; font-size: 10.5pt;">COMPANY ANNOUNCEMENT</div>
              </td>
              <td style="width: 50%; vertical-align: top;">
                <div style="text-align: right;"><img width="154" height="41" src="image00001.jpg"></div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div>
        <div style="margin-bottom: 6pt; color: rgb(0, 61, 76); font-family: Arial; font-size: 6pt; background-color: rgb(255, 255, 255); font-weight: normal; font-style: normal; font-variant: normal; text-transform: none;">Wales and the
          different rights to relief that may be available compared to other countries, including the United States; government requisition of our vessels during a period of war or emergency; the arrest of our vessels by maritime claimants; any further
          changes in U.S. trade policy that could trigger retaliatory actions by the affected countries; the impact of the U.S. presidential and congressional election results affecting the economy, future government laws and regulations and trade policy
          matters, such as the imposition of tariffs and other import restrictions; potential disruption of shipping routes due to accidents, climate-related incidents, adverse weather and natural disasters, environmental factors, political events, public
          health threats, acts by terrorists or acts of piracy on ocean-going vessels; damage to storage and receiving facilities; potential liability from future litigation and potential costs due to environmental damage and vessel collisions; and the
          length and number of off-hire periods and dependence on third-party managers. </div>
        <div style="margin-bottom: 6pt; color: rgb(0, 61, 76); font-family: Arial; font-size: 6pt; background-color: rgb(255, 255, 255); font-weight: normal; font-style: normal; font-variant: normal; text-transform: none;">In the light of
          these risks and uncertainties, undue reliance should not be placed on forward-looking statements contained in this release because they are statements about events that are not certain to occur as described or at all. These forward-looking
          statements are not guarantees of our future performance, and actual results and future developments may vary materially from those projected in the forward-looking statements. </div>
        <div style="margin-bottom: 6pt; color: rgb(0, 61, 76); font-family: Arial; font-size: 6pt; background-color: rgb(255, 255, 255); font-weight: normal; font-style: normal; font-variant: normal; text-transform: none;">Except to the
          extent required by applicable law or regulation, the Company undertakes no obligation to release publicly any revisions or updates to these forward-looking statements to reflect events or circumstances after the date of this release or to reflect
          the occurrence of unanticipated events. Please see TORM&#8217;s filings with the U.S. Securities and Exchange Commission for a more complete discussion of certain of these and other risks and uncertainties. The information set forth herein speaks only
          as of the date hereof, and the Company disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.</div>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z5bce0575a5524c8e9e5ba2443d207fd1">

          <tr>
            <td style="width: 54.87%; vertical-align: top;">
              <div style="color: #003D4C; font-family: Vitro, Calibri; font-size: 6pt;">TORM PLC | 120 CANNON STREET</div>
              <div style="color: #003D4C; font-family: Vitro, Calibri; font-size: 6pt;">LONDON, EC4N 6AS, UNITED KINGDOM | COMPANY: 09818726</div>
            </td>
            <td style="width: 34.65%; vertical-align: top;">
              <div style="color: #003D4C; font-family: Vitro, Calibri; font-size: 6pt;">COMPANY ANNOUNCEMENT NO. 30</div>
              <div style="color: #003D4C; font-family: Vitro, Calibri; font-size: 6pt;">23 DECEMBER 2025</div>
            </td>
            <td style="width: 10.48%; vertical-align: bottom; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 61, 76); font-family: 'Vitro DemiBold',Calibri; font-size: 6pt; font-style: normal; font-variant: normal; text-transform: none;">
              <div style="text-align: right;">PAGE 2 /2</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>image00001.jpg
<TEXT>
begin 644 image00001.jpg
M_]C_X  02D9)1@ ! 0$ E@"6  #_VP!#  $! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_
MVP!# 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_P  1" !! /(# 2(  A$! Q$!_\0
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M44 %%%% !1110 4444 ?Y%]%?ZZ%%?)_ZK_]1W_EM_\ ?!_LQ_Q5R_ZQ]_\
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M]6OX2K_4OHKSX<,\DXR^NWY91E;ZM:_*T[7^L.U[=CIX@_:N_P!NY#G>2?\
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M::1Y99?"GAV2661V>221](LV>21V)9W=B6=V)9F)))))KX(_X*<?\%*_@_\
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MM,U?2[BUU"PN/+DDC\ZUN(I-CNF[:S _YE__  V7^U__ -'6?M)?^'S^)_\
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M'KX3$TXUL-BJ-7#XBE*_+5HUH2IU:<K-/EG"4HNS3LW9H_G@_P"">W_!O?\
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A%% !1110 4444 %%%% !1110 4444 %%%% !1110!__9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
