Torm updates on shareholder engagement after AGM votes against remuneration and buyback resolutions

Torm plc (Nasdaq: TRMD) provided an update on shareholder engagement following its 2026 Annual General Meeting where three resolutions received more than 20% votes against the board's recommendation: the Directors' Remuneration Report, the Directors' Remuneration Policy, and the off-market share buyback authority (Buyback Contract B). The board undertook a programme of shareholder consultation to understand the reasons. Feedback on remuneration focused on transparency, limits, and alignment with UK governance expectations. Feedback on the buyback resolution focused on governance and process, not opposition to capital returns. The board will evaluate the CEO's annual bonus approach and submit a revised Remuneration Policy at the 2027 AGM. The board believes existing governance has served shareholders well but will continue evolving. The buyback resolution response from April 15 remains ac