NASDAQ OMX Copenhagen has given the company below observation status:
ISIN Name
DK0060082915 TORM
TORM A/S has been given observation status, as the company has disclosed an announcement about sale of vessels which means that the expected impairment charge likely will result in negative equity in the first quarter of 2014.
According to rule 2.8 (vi) in Rules for issuers of shares the exchange may decide to place a company’s shares or other securities in the observation segment, if there is a material adverse uncertainty in respect of the company's financial position.
For further information, please see the announcement published by the company on 7 March 2014.
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For further information, please contact: Jakob Kaule, Surveillance, tel. 0045 33 93 33 66
