<div id="readability-page-1">02:56 PM EST, 12/23/2025 (MT Newswires) -- Hafnia ( HAFN ) said Tuesday it completed its acquisition of 14.1 million TORM ( TRMD ) shares, representing 13.9% of TORM's ( TRMD ) issued share capital, from Oaktree Capital Management.TORM ( TRMD ) said in a separate statement that Oaktree now holds 26.4 million of its 101.3 million shares.TORM ( TRMD ) is reviewing whether Oaktree's stake has dropped below one-third. Once that threshold is confirmed, all special rights held by Oaktree, including a board seat, enhanced voting rights, and certain restrictions on TORM's ( TRMD ) actions, will lapse, and the associated B and C shares will be canceled.Price: 5.33, Change: +0.02, Percent Change: +0.28 MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</div>

TRMD

Hafnia has completed the acquisition of 14.1 million shares of TORM from Oaktree Capital Management, representing 13.9% of TORM's share capital. TORM is reviewing if Oaktree's stake has fallen below one-third, which would result in the lapse of Oaktree's special rights, including a board seat and enhanced voting rights.

Hafnia Closes TORM Stake Deal, Triggering Review of Oaktree's Special Rights