Hafnia Ltd Acquires 13.97% Stake in TORM plc

Hafnia Ltd has acquired a 13.97% stake in TORM plc, amounting to 14,156,061 shares. The acquisition was completed on December 22, 2025, through a sale and purchase agreement with OCM Njord Holdings S.a r.l. for an aggregate cash price of $311,433,342. The transaction involved several closing conditions, including regulatory approvals in Brazil and Denmark, and the appointment of an independent director as Chairman of TORM plc's board. Hafnia views this investment as strategic, aiming to explore potential combination opportunities within the tanker industry. The company funded the acquisition through working capital and existing credit lines. This filing is a Schedule 13D, indicating a significant ownership change.