Elemental

Elemental helped to dual list on the New York and Copenhagen Nasdaq.

Dual listing a century-old Danish Shipping Firm - Torm PLC

Torm was founded in 1889 and has sailed the seas for 131 years with activities worldwide. Torm was listed on the Nasdaq Copenhagen exchange but in anticipation of a US listing, Torm wanted to create a new Topco in the UK.

Elemental worked with Torm’s legal advisors to create the new topco (Torm plc) in the UK, support the acquisition of 100% of Torm A/S in Denmark and then dual list the shares on the Nasdaq New York as well.

Torm’s unusual share structure continues to pose new and interesting challenges from both a governance and company secretarial perspective which the team at Elemental are uniquely placed to help solve.

TORM was founded in 1889 and has sailed the seas for 131 years.

Company details

Incorporated:
18 July 2011
Industry:
Marine
“Elemental has supported Torm Plc since 2015 when they worked closely with our legal advisors to create the UK entity and then went on to support the dual listing on Nasdaq in both Copenhagen and New York. In the last 6 years, our ownership structure has posed unique challenges from a governance and company secretarial perspective but the team at Elemental can always be relied upon to provide quick, friendly and expert advice.”
Chris Everard General Manager Torm plc