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SCHEDULE 13D/A 0000905148-18-000162 0001403525 XXXXXXXX LIVE 20 Class A common shares, par value $0.01 per share 12/22/2025 false 0001655891 G89479102 TORM plc Birchin Court, 20 Birchin Lane London X0 EC3V 9DU Richard Ting (213) 830-6300 Oaktree Capital Management, L.P. 333 S. Grand Avenue, 28th Floor Los Angeles CA 90071 Y OCM NJORD HOLDINGS S.A R.L b WC N4 0 26425059 0 26425059 26425059 N 26.08 OO The percent of class is calculated based on 101,332,707 shares of Class A common stock, par value $0.01 per share (the "Class A Shares") outstanding as of November 21, 2025, as reported in Exhibit 99.1 to the Issuer's Form 6-K filed with the Securities and Exchange Commission on November 21, 2025 (the "Form 6-K"). Y Oaktree Capital Management GP, LLC b AF DE 0 26425059 0 26425059 26425059 N 26.08 OO The percent of class is calculated based on 101,332,707 Class A Shares outstanding as of November 21, 2025, as reported in the Issuer's Form 6-K. Y Oaktree Capital Holdings, LLC b AF DE 0 26425059 0 26425059 26425059 N 26.08 OO The percent of class is calculated based on 101,332,707 Class A Shares outstanding as of November 21, 2025, as reported in the Issuer's Form 6-K. 0001403525 Oaktree Capital Group Holdings GP, LLC b AF DE 0 26425059 0 26425059 26425059 N 26.08 OO The percent of class is calculated based on 101,332,707 Class A Shares outstanding as of November 21, 2025, as reported in the Issuer's Form 6-K. Class A common shares, par value $0.01 per share TORM plc Birchin Court, 20 Birchin Lane London X0 EC3V 9DU This Amendment No. 20 ("Amendment No. 20") is being filed solely to amend the description of the Sale and Purchase Agreement (as defined below) in Item 4. Amendment No. 20 is being filed by the undersigned to amend the Schedule 13D filed by the Reporting Persons on February 5, 2018, as amended by Amendment No. 1 thereto filed March 27, 2020, Amendment No. 2 thereto filed May 19, 2020, Amendment No. 3 thereto filed June 5, 2020, Amendment No. 4 thereto filed June 17, 2020, Amendment No. 5 thereto filed September 14, 2020, Amendment No. 6 thereto filed April 26, 2023, Amendment No. 7 thereto filed June 12, 2023, Amendment No. 8 thereto filed December 4, 2023, Amendment No. 9 thereto filed January 9, 2024, Amendment No. 10 thereto filed January 18, 2024, Amendment No. 11 thereto filed March 14, 2024, Amendment No. 12 thereto filed April 8, 2024, Amendment No. 13 thereto filed June 3, 2024, Amendment No. 14 thereto filed October 3, 2024, Amendment No. 15 thereto filed March 18, 2025, Amendment No. 16 thereto filed September 5, 2025, Amendment No. 17 thereto filed September 15, 2025 and Amendment No. 18 thereto filed September 29, 2025, Amendment 19 thereto filed November 17, 2025, (the "Original 13D," and together with Amendment No. 20, the "Schedule 13D") with respect to the Class A Shares of the Issuer. Except as specifically provided herein, this Amendment No. 20 does not modify any of the information previously reported on the Schedule 13D. Capitalized terms not otherwise defined in this Amendment No. 20 shall have the same meanings ascribed thereto in the Schedule 13D. The Issuer is a foreign private issuer as defined in Rule 3b-4 of the Act and its principal executive offices are at Birchin Court, 20 Birchin Lane, London, EC3V 9DU, United Kingdom. Item 4 of the Schedule 13D is hereby amended to add the following at end thereof: On December 22, 2025, the Sale and Purchase Agreement by and between OCM Njord and Hafnia was consummated and 14,156,061. Class A Shares were sold by OCM Njord to Hafnia at a price of $22.00 per Sale Share, or an aggregate of $311,433,342 cash proceeds. Item 5(a) of the Schedule 13D is hereby amended and restated as follows: The information set forth in rows (11) and (13) of the cover pages of this Schedule 13D is incorporated by reference into this Item 5. Ownership percentages set forth in this Schedule 13D assume 101,332,707 Class A Shares outstanding as of November 21, 2025, which is based on the Issuer's Form 6-K. As of the date hereof, each of the Reporting Persons may be deemed the beneficial owner of 26,425,059 Class A Shares, which represents approximately 26.08% of the total outstanding Class A Shares. Neither the filing of this Statement nor any of its contents shall be deemed to constitute an admission by any of the Reporting Persons that such person is the beneficial owner of any of the Class A Shares referred to herein for purposes of the Act, or for any other purpose. Item 5(b) of the Schedule 13D is hereby amended and restated as follows: The information set forth in rows (7) through (10) of the cover pages of this Schedule 13D is incorporated by reference into this Item 5. On December 22, 2025, the Direct Holders sold an aggregate of 14,156,061 shares of Class A common stock at $22.00 per share to Hafnia. Except for such transaction, the Reporting Persons have not affected any transactions in the Common Stock since the filing of Amendment No. 19. Not applicable. Not applicable. The information contained in Item 4 is hereby incorporated by reference to this Item 6. OCM NJORD HOLDINGS S.A R.L /s/ Martin Eckel Martin Eckel / Manager 12/23/2025 Oaktree Capital Management GP, LLC /s/ Henry Orren Henry Orren / Senior Vice President 12/23/2025 Oaktree Capital Holdings, LLC /s/ Henry Orren Henry Orren / Senior Vice President 12/23/2025 Oaktree Capital Group Holdings GP, LLC /s/ Henry Orren Henry Orren / Senior Vice President 12/23/2025