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TORM plc 6-K, filed Apr 15, 2020

TORM plc (TRMD)

6-K 2020-04-15 For: 2020-04-30
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Added on April 09, 2026

About this 6-K

TORM plc filed this 6-K on April 15, 2020.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of April 2020

Commission File Number 001-38294

TORM plc

Birchin Court, 20 Birchin Lane, London, EC3V 9DU, United Kingdom

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F [X]       Form 40-F [  ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [  ].

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [  ].

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.


INFORMATION CONTAINED IN THIS FORM 6-K REPORT

Attached to this Report on Form 6-K as Exhibit 99.1 is a copy of the press release of TORM plc (the “Company”), dated April 15, 2020, announcing the results of the Company’s Annual General Meeting.

The information contained in this Report on Form 6-K is hereby incorporated by reference into the Company's registration statement on Form F-3 (File No. 333-228878) that was filed with the U.S. Securities and Exchange Commission effective February 12, 2019.


SIGNATURES

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.

TORM PLC
Dated: April 15, 2020
By: /s/ Jacob Meldgaard
Jacob Meldgaard
Executive Director and Principal Executive Officer

EXHIBIT 99.1


Results from TORM plc’s Annual General Meeting on 15 April 2020

TORM plc (the “Company”) announces that all the resolutions set out in the notice of the Annual General Meeting dated 13 March 2020 were duly passed on a poll at today’s Annual General Meeting. The result of the poll is illustrated below.

Eligible votes (for Resolutions 1, 2, 3, 4, 5, 10, 11,12 and 13) 74,267,283
Voted total 51,897,250
Voted total (%) 69.88
Eligible votes (for Resolutions 6, 7, 8 and 9) 424,267,283
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Voted total 401,897,250
Voted total (%) 94.73
Resolutions Vote type Voted Voted (%) % of total voting rights voted
--- --- --- --- ---
1.          To approve the Annual Report and<br> Accounts 2019 For<br><br> <br>Against<br><br> <br>Withheld* 51,879,923<br><br> <br>0<br><br> <br>17,327 100.00<br><br> <br>0.00 69.86
2.          To approve the Directors’ Remuneration<br> Report For<br><br> <br>Against<br><br> <br>Withheld* 49,463,891<br><br> <br>2,433,359<br><br> <br>0 95.31<br><br> <br>4.69 66.60
3.          Ernst & Young LLP be appointed as<br> auditor of the Company For<br><br> <br>Against<br><br> <br>Withheld* 51,897,250<br><br> <br>0<br><br> <br>0 100.00<br><br> <br>0.00 69.88
4.          The Directors be authorized to fix the<br> remuneration of the auditors For<br><br> <br>Against<br><br> <br>Withheld* 51,897,250<br><br> <br>0<br><br> <br>0 100.00<br><br> <br>0.00 69.88
5.          The Company declares a final dividend<br> for the year ended 31 December 2019 of USD 0.10 per A-share For<br><br> <br>Against<br><br> <br>Withheld* 51,897,250<br><br> <br>0<br><br> <br>0 100.00<br><br> <br>0.00 69.88
6.          Reappointment of Non-Executive Director<br> and Chairman Christopher H. Boehringer as Director of the Company For<br><br> <br>Against<br><br> <br>Withheld* 400,954,329<br><br> <br>491,256<br><br> <br>451,665 99.88<br><br> <br>0.12 94.62
7.          Reappointment of Non-Executive Director<br> Göran Trapp as Director of the Company For<br><br> <br>Against<br><br> <br>Withheld* 401,891,234<br><br> <br>6,016<br><br> <br>0 100.00<br><br> <br>0.00 94.73
8.          Reappointment of Executive Director<br> Jacob Meldgaard as Director of the Company For<br><br> <br>Against<br><br> <br>Withheld* 401,879,403<br><br> <br>17,847<br><br> <br>0 100.00<br><br> <br>0.00 94.73
9.          Appointment of Annette Malm Justad as<br> Director of the Company For<br><br> <br>Against<br><br> <br>Withheld* 401,897,250<br><br> <br>0<br><br> <br>0 100.00<br><br> <br>0.00 94.73
10.          Renewal of Existing Allotment<br> Authorities For<br><br> <br>Against<br><br> <br>Withheld* 49,379,112<br><br> <br>1,002,618<br><br> <br>1,515,520 98.01<br><br> <br>1.99 67.84

Announcement no. 10 / 15 April 2020 Results from TORM plc’s Annual General Meeting on 15 April 2020 Page 1 of 2


Special Resolutions Vote type Voted Voted (%) % of total voting rights voted
11.          Renewal of Existing Disapplication<br> Authorities For<br><br> <br>Against<br><br> <br>Withheld* 49,379,112<br><br> <br>1,002,618<br><br> <br>1,515,520 98.01<br><br> <br>1.99 67.84
12.          Market purchase of shares For<br><br> <br>Against<br><br> <br>Withheld* 51,011,470<br><br> <br>883,197<br><br> <br>2,583 98.30<br><br> <br>1.70 69.88
13.          Reduction of the share premium account<br> of the Company by USD 900,000,000 For<br><br> <br>Against<br><br> <br>Withheld* 51,896,950<br><br> <br>300<br><br> <br>0 100.00<br><br> <br>0.00 69.88
* A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes ‘For’ or ‘Against’ a resolution.
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CONTACT TORM plc
--- --- ---
Christopher H. Boehringer, Chairman, tel.: +45 3917 9200 Birchin Court, 20 Birchin Lane
Jacob Meldgaard, Executive Director, tel.: +45 3917 9200 London, EC3V 9DU, United Kingdom
Kim Balle, Chief Financial Officer, tel.: +45 3917 9285 Tel.: +44 203 713 4560
Christopher Everard, General Manager, tel.: +44 7920 494853 www.torm.com

ABOUT TORM

TORM is one of the world’s leading carriers of refined oil products. The Company operates a fleet of approximately 80 modern vessels with a strong commitment to safety, environmental responsibility and customer service. TORM was founded in 1889. The Company conducts business worldwide. TORM’s shares are listed on NASDAQ Copenhagen and NASDAQ New York (tickers: TRMD A and TRMD). For further information, please visit www.torm.com.

SAFE HARBOR STATEMENTS AS TO THE FUTURE

Matters discussed in this release may constitute forward-looking statements. 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 statements other than statements of historical facts. The words “believe,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect,” “pending” and similar expressions generally identify forward-looking statements.

The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’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.

Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of the world economy and currencies, changes in charter hire rates and vessel values, changes in demand for “ton miles” of oil carried by oil tankers, the effect of changes in OPEC’s petroleum production levels and worldwide oil consumption and storage, changes in demand that may affect attitudes of time charterers to scheduled and unscheduled dry-docking, changes in TORM’s operating expenses, including bunker prices, dry-docking and insurance costs, changes in the regulation of shipping operations, including requirements for double hull tankers or actions taken by regulatory authorities, potential liability from pending or future litigation, domestic and international political conditions, potential disruption of shipping routes due to accidents, political events or acts by terrorists.

In light of these risks and uncertainties, you should not place undue reliance 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.

Except to the extent required by applicable law or regulation, the Company undertakes no obligation to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.


Announcement no. 10 / 15 April 2020 Results from TORM plc’s Annual General Meeting on 15 April 2020 Page 2 of 2