Hafnia Limited (HAFN) has agreed to acquire 1.7M A shares in Torm plc (TRMD) at a price per share of $34.00, representing 1.66% of the issued and outstanding share capital of Torm as of the date hereof. Upon completion of this acquisition, Hafnia will hold approximately 19.85% of the issued and outstanding share capital of Torm. Hafnia will purchase the shares using cash on hand and its available credit facilities.

9/16 05:30

Hafnia to Acquire 4.5M A Shares in Torm

Hafnia (HAFN) has agreed to acquire 4.5M A shares in Torm (TRMD) at a price per share of $32.25, representing 4.39% of the issued and outstanding share capital of Torm as of the date hereof. Upon completion of this acquisition, Hafnia will hold approximately 18.22% of the issued and outstanding share capital of Torm.

6/30 06:00

Hafnia CEO Mikael Skov to Step Down on September 1

Hafnia announced that Mikael Skov has decided to step down as CEO of Hafnia effective September 1. The board of directors has appointed Soren Steenberg Jensen, EVP, head of asset management to succeed Skov as CEO. Mikael Skov has led Hafnia since its establishment in 2010. Skov will be joining Hafnia's board of directors subject to confirmation at a proposed extraordinary general meeting. The CEO transition will take effect on September 1.

5/27 05:30

Hafnia Reports Q1 NAV per Share of $8.09

Reports Q1 NAV per share $8.09. Mikael Skov, CEO of Hafnia, commented: "The first quarter of 2026 was defined by a geopolitical disruption to global oil markets without modern precedent. The closure of the Strait of Hormuz fundamentally reshaped global crude and refined product trade flows. At the same time, attacks on Middle East refineries, refinery run cuts, and export restrictions in Asia further disrupted supply chains and trade volumes across multiple regions. The loss of an estimated 12.8 million barrels per day in global oil supply triggered a rapid rerouting of crude and refined product supply chains. This was partially offset by increased production from Atlantic Basin and the International Energy Agency's coordinated release of up to 400 mb from strategic reserves to help fill the supply gap."

9/3 09:52

Hafnia Signs Initial Deal to Purchase 14.45% Stake in TORM

Hafnia (HAFN) announces that Oaktree Capital Management, L.P. and its affiliates, the controlling shareholder of TORM (TRMD), has accepted, subject to entering into a definitive agreement, Hafnia's offer to acquire approximately 14.1M A shares in TORM, representing approximately 14.45% of TORM's issued share capital. The A shares are priced at $22 per share for a total purchase price of $311,433,342. The completion of the Share Purchase is subject to the parties entering into a definitive agreement and the fulfilment of customary conditions precedent, including among others, obtaining any required regulatory clearances and approvals, satisfaction of certain covenants and appointment of a new independent board chair of TORM.

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