CPSE:TRMD AOil and Gas
How Investors May Respond To TORM (CPSE:TRMD A) Unwinding Oaktree’s Control And Simplifying Voting Power
TORM plc recently announced that Oaktree Capital Management’s ownership has fallen below the one-third threshold, triggering the extinguishing of the B-Director role, the departure of Deputy Chairman and Senior Independent Director David Weinstein from the Board as of 6 January 2026, and the planned redemption and cancellation of the company’s B- and C-shares.
These governance changes remove special voting arrangements, consolidating power into a single class of 101,332,707 A-shares and one...