TORM plc – Notice of and complete proposals for the Annual General Meeting 2021
TORM plc has announced the complete proposals for its Annual General Meeting (AGM) scheduled for 14 April 2021. The company is a leading carrier of refined oil products, operating roughly 80 modern vessels worldwide. TORM's shares are traded on NASDAQ Copenhagen and NASDAQ New York under the ticker symbols TRMD A and TRMD. The press release includes forward-looking statements about potential risks affecting the business, such as market fluctuations, COVID-19 impacts, and operational costs.
- Strong global presence with approximately 80 modern vessels.
- Listed on NASDAQ Copenhagen and NASDAQ New York (TRMD).
- Potential risks from COVID-19 impacting demand for petroleum products.
- Fluctuations in charter hire rates and vessel values could affect profitability.
Enclosed please find the notice of and the complete proposals for the Annual General Meeting of TORM plc to be held on 14 April 2021.
| CONTACT | TORM plc |
| Christopher H. Boehringer, Chairman, tel.: +45 3917 9200 | Birchin Court, 20 Birchin Lane |
| Jacob Meldgaard, Executive Director, tel.: +45 3917 9200 Kim Balle, Chief Financial Officer, tel.: +45 3917 9285 | London, EC3V 9DU, United Kingdom 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, general market conditions, including fluctuations in charter hire rates and vessel values, the duration and severity of the COVID-19, including its impact on the demand for petroleum products and the seaborne transportation thereof, the operations of our customers and our business in general, changes in demand for “ton-miles” of oil carried by oil tankers and changes in demand for tanker vessel capacity, 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 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 including “trade wars,” 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.
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