# EDGAR Filing Document

**Accession Number:** 0001403525
**File Stem:** 0001140361-25-034220
**Filing Date:** 2025-9
**Character Count:** 28679
**Document Hash:** 3085a665fff77f9e1f547d7d97bc26fe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-25-034220.hdr.sgml**: 20250905

**ACCESSION NUMBER**: 0001140361-25-034220

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20250905

**DATE AS OF CHANGE**: 20250905

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TORM plc
- **CENTRAL INDEX KEY:** 0001655891
- **STANDARD INDUSTRIAL CLASSIFICATION:** DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **STATE OF INCORPORATION:** X0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-90287
- **FILM NUMBER:** 251297700

**BUSINESS ADDRESS:**
- **STREET 1:** OFFICE 506
- **STREET 2:** 20 ST DUNSTAN'S HILL
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** EC3R 8HL
- **BUSINESS PHONE:** 44 203 286 6222

**MAIL ADDRESS:**
- **STREET 1:** OFFICE 506
- **STREET 2:** 20 ST DUNSTAN'S HILL
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** EC3R 8HL

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TORM Ltd
- **DATE OF NAME CHANGE:** 20151125

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Anchor Admiral Ltd
- **DATE OF NAME CHANGE:** 20151016
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Oaktree Capital Group Holdings GP, LLC
- **CENTRAL INDEX KEY:** 0001403525

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** 333 SOUTH GRAND AVENUE
- **STREET 2:** 28TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** (213) 830-6300

**MAIL ADDRESS:**
- **STREET 1:** 333 SOUTH GRAND AVENUE
- **STREET 2:** 28TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

## Ex-99.A

------

#### Exhibit A

#### Joint Filing Agreement

In accordance with the requirements of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, and subject to the limitations set forth therein, the parties set forth below agree to jointly file the Schedule 13D to which this joint filing agreement is attached, and any subsequent amendments thereto, and have duly executed this joint filing agreement as of the date set forth below.

---

| | | |
|:---|:---|:---|
| Dated: September 5, 2025 |  |  |
|  | **OCM NJORD HOLDINGS S.À R.L.** | **OCM NJORD HOLDINGS S.À R.L.** |
|  | Signature: | /s/ Martin Eckel |
|  | Name: | Martin Eckel |
|  | Title: | Manager |
|  | **OAKTREE CAPITAL MANAGEMENT GP, LLC** | **OAKTREE CAPITAL MANAGEMENT GP, LLC** |
|  | Signature: | /s/ Henry Orren |
|  | Name: | Henry Orren |
|  | Title: | Senior Vice President |
|  | **OAKTREE CAPITAL HOLDINGS, LLC** | **OAKTREE CAPITAL HOLDINGS, LLC** |
|  | Signature: | /s/ Henry Orren |
|  | Name: | Henry Orren |
|  | Title: | Senior Vice President |
|  | **OAKTREE CAPITAL GROUP HOLDINGS GP, LLC** | **OAKTREE CAPITAL GROUP HOLDINGS GP, LLC** |
|  | Signature: | /s/ Henry Orren |
|  | Name: | Henry Orren |
|  | Title: | Senior Vice President |

---

------

## Ex-99.B

------

#### Exhibit B

#### HIGHLY CONFIDENTIAL & SUBJECT TO CONTRACT
3 September 2025

OCM Njord Holdings S.à r.l. ("**OCM**" or "**you**")

26A Boulevard Royal

L-2449 Luxembourg

#### Subject: TORM plc (the "Company")
Dear Sirs

Thank you for giving Hafnia Limited (together with its subsidiaries, "**Hafnia**" or "**we**"), the opportunity to evaluate the potential acquisition of 14,156,061 A shares of US$0.01 each in the Company ("**A Shares**") currently held by OCM (the "**Sale Shares**") and representing approximately 14.45% of the Company's issued share capital (the "**Transaction**").

Further to our recent discussions, we are pleased to submit the following firm offer (subject to contract) on behalf of Hafnia for the Sale Shares (the "**Offer**").

&nbsp;&nbsp;&nbsp;&nbsp;**1.**  **<u>Consideration</u>** 

Subject to the conditions herein, our Offer for the acquisition of the Sale Shares is on the following terms: **US$22 for each Sale Share (the "Offer Price") representing a total purchase price of US$311,433,342.**

We hereby confirm that:

a. the Offer Price will be paid in full in cash at completion of the Transaction ("**Completion**") and no deduction, adjustment or set-off will be made in respect of, any taxes, withholding, fees and other costs or expenses associated with the Transaction; and

b. if, in the ordinary course of business and in accordance with the Company's dividend policy as of the date of this letter, any dividend, distribution and/or other return of capital or value (a "**Distribution**"), is announced, declared, made or paid or becomes payable in respect of the Sale Shares prior to completion of the Transaction, , OCM shall be entitled to retain the full amount of such Distribution and no corresponding reduction, adjustment or set-off will be made to the Offer Price.

&nbsp;&nbsp;&nbsp;&nbsp;**2.** **Conditions** 

Unless otherwise agreed by you in writing, we confirm that Completion will be solely conditional upon:

a. the appointment of a single nominee proposed by you, following consultation with us, a director of the Company and that such nominee be appointed chair of the Company's board of directors (the "**Chair Appointment**");

------

![](image00004.jpg)

<br> b. no material non-arms length transactions (such as share issuances below market price, except for ordinary course grants or issuance of securities pursuant to existing incentive programs) has been proposed or completed prior to Completion; and

c. if applicable, the receipt of any approvals required (or the expiry of any applicable waiting periods) in respect of any mandatory, suspensory antitrust or foreign investment control approvals that we mutually agree are required to be obtained prior to Completion (the "**Regulatory Clearances**").

In connection with the Chair Appointment, you confirm that: (i) the nominee will not be a person who is prohibited by applicable law or regulation from serving as a director and/or chair of the Company;

(ii) not be a person affiliated with either of us, and (iii) you will, as soon as reasonably practicable following a request from us or the Company (and in any event, sufficiently in advance of any applicable legal or regulatory deadline), provide full details of your nominee and all information that is required or that we reasonably consider to be desirable to be provided or disclosed in connection with the Chair Appointment (including, without limitation, any information required to be supplied under the Company's articles of association or in connection with the listing of its A Shares on Nasdaq Copenhagen and Nasdaq New York); and (iii) the parties accept that such appointment may, when resolved, be expressed to be conditional upon (and take effect only from) Completion.

In connection with the Regulatory Clearances, we confirm that we and our legal advisers do not anticipate any substantive issues to arise and each party confirms its intention to fully co-operate with the other party and its legal advisers to complete the assessment of whether any Regulatory Clearances are required (including, where relevant, promptly the other party with all revenue, market share, jurisdictional and other information that is in the possession of such party, which may be required to complete such assessment). To the extent any such Regulatory Clearances are required, we will provide robust commitments in the definitive transaction documents ("**Definitive Documents**") to obtain such Regulatory Clearances in a timely and efficient manner and on terms that are acceptable to us acting reasonable.

We also confirm that, prior to signing Definitive Documents, our legal advisers will co-operate with your legal advisers to obtain confirmation from the Panel on Takeovers and Mergers that Hafnia will not be considered to be "acting in concert" with OCM in relation to the Company for the purposes of the City Code on Takeovers and Mergers (the "**UK Takeover Code**") and that the Transaction will not give rise to any other adverse consequences under the UK Takeover Code.

&nbsp;&nbsp;&nbsp;&nbsp;**3.** **Confirmations** 

We hereby confirm that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. the submission of this Offer (including, without limitation, the Offer Price) and, if this Offer results in Definitive Documents being entered into, the consummation of the Transaction in accordance with
 its terms, has received preliminary internal and corporate approvals (including, without limitation, preliminary board, investment committee and/or shareholder approvals) and is not subject to any additional due diligence or other
 requirements;

------

![](image00004.jpg)

<br> b. we have available funds, including drawing rights under existing credit facilities to fund the purchase of the Sale Shares in full at the Offer Price. Completion shall not be conditional on the availability or procurement of such financing;

c. under the terms of the Definitive Documents, OCM shall provide customary warranties as to its legal and beneficial title to the Sale Shares and its capacity to enter into such Definitive Documents as well as knowledge-qualified warranties relating to no material non-public information and no inside information existing relating to the Company, but shall not otherwise be required to provide any business or other warranties, indemnities or guarantees in connection with the Transaction and customary covenants relating to the reasonable efforts obligation to ensure ordinary course conduct of the Company until Completion;

<br> d. we are acting as principal and not as agent for any third party in connection with the Transaction;

<br> e. by submitting this Offer, we are relying upon our own independent investigation and valuation of the Company; and

<br> f. save as expressly set out herein, this Offer is not subject to any additional conditions or pre- conditions.

We also confirm that we have engaged Plesner (Danish), Vedder Price (US), Herbert Smith Freehills Kramer (UK), Shook Lin & Bok (Singapore) and Thommessen (Norway), as our legal advisers in connection with the Transaction.

&nbsp;&nbsp;&nbsp;&nbsp;**4.** **Timing** 

We ask that you provide your response to this letter by 8pm (NYC) 3 September 2025. If no response has been received, this letter shall terminate in its entirety with immediate effect. If this Offer is of interest to you, we agree that we will work towards agreeing Definitive Documents as soon as practicable, with a target signing date of 5 September 2025 (subject to first having received the UK Takeover Code confirmations referred to in paragraph [2](#z_bookmark0) above).

&nbsp;&nbsp;&nbsp;&nbsp;**5.** **Governing Law and Confidentiality** 

This Offer and any non-contractual obligations arising out of or in connection with it shall be governed by and construed in accordance with English law. The courts of England and Wales shall have exclusive jurisdiction to settle any dispute which may arise out of or in connection with this Offer.

All information contained herein or related to the contents of this letter, including its existence, is confidential and should not be disclosed by you to anyone other than your subsidiaries, affiliates, directors, officers, employees and advisers that need to be informed in order to assist in assessing the contents of this Offer, except when compelled by law, regulator or similar.

Each party shall bear its own costs and expenses of its investigation and evaluation of the Transaction or the Company, including the fees and disbursements of advisers and any applicable fees or expenses in connection with the Regulatory Clearances (if any), and neither party shall have, under any circumstances, any claim for damages or costs against the other party or its respective subsidiaries, affiliates, directors, officers, employees and advisers in connection with the Transaction and/or this Offer.

------

![](image00004.jpg)

Such Offer remains subject to contract and the conditions outlined above. No agreement between the parties or with any of their respective affiliates shall be deemed to exist until the parties enter into Definitive Documents regarding the subject matter herein.

We would like to confirm our sincere interest in the Transaction and are available at your earliest convenience to discuss possible next steps should the terms indicated in this Offer be acceptable to you.

Yours sincerely,

---

| | |
|:---|:---|
| **Hafnia Limited** | **Hafnia Limited** |
| By:  | /s/ Ralph Juhl |
| Name: Ralph Juhl, EVP, Technical | Name: Ralph Juhl, EVP, Technical |
| Title: Authorised Signatory | Title: Authorised Signatory |

---

------

![](image00004.jpg)

---

| | |
|:---|:---|
| **AGREED AND ACCEPTED** |  |
|  | /s/ Martin Eckel |
| for and on behalf of | Signature of authorised signatory |
|  |  |
| **OCM NJORD HOLDINGS S.À R.L.** | Martin Eckel |
| by its duly authorised signatories | Name of authorised signatory |
|  | Manager |
|  | Title of authorised signatory |
|  | /s/ Hugo Froment |
|  | Signature of authorised signatory |
|  | Hugo Froment |
|  | Name of authorised signatory |
|  | Manager |
|  | Title of authorised signatory |

---

------

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 16)**

**TORM plc**

*(Name of Issuer)*

**Class A common shares, par value $0.01 per share**

*(Title of Class of Securities)*

**G89479102**

*(CUSIP Number)*

**Richard Ting**<br>Oaktree Capital Management, L.P.<br>333 S. Grand Avenue, 28th Floor<br>Los Angeles CA 90071<br>(213) 830-6300

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**09/03/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **G89479102** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**OCM NJORD HOLDINGS S.A R.L** | Name of reporting person<br>**OCM NJORD HOLDINGS S.A R.L** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**N4** | Citizenship or place of organization<br>**N4** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**40581120.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**40581120.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**40581120.00** | Aggregate amount beneficially owned by each reporting person<br>**40581120.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**41.43%** | Percent of class represented by amount in Row (11)<br>**41.43%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** The percent of class is calculated based on 97,952,429 shares of Class A common stock, par value $0.01 per share (the "Class A Shares") outstanding as of June 4, 2025, as reported in Exhibit 99.1 to the Issuer's Form 6-K filed with the Securities and Exchange Commission on June 4, 2025 (the "Form 6-K").

| **CUSIP No.** | **G89479102** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**OAKTREE CAPITAL MANAGEMENT GP, LLC** | Name of reporting person<br>**OAKTREE CAPITAL MANAGEMENT GP, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[x] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[x] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**40581120.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**40581120.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**40581120.00** | Aggregate amount beneficially owned by each reporting person<br>**40581120.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**41.43%** | Percent of class represented by amount in Row (11)<br>**41.43%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** The percent of class is calculated based on 97,952,429 Class A Shares outstanding as of June 4, 2025, as reported in the Issuer's Form 6-K.

| **CUSIP No.** | **G89479102** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Oaktree Capital Holdings, LLC** | Name of reporting person<br>**Oaktree Capital Holdings, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**40581120.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**40581120.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**40581120.00** | Aggregate amount beneficially owned by each reporting person<br>**40581120.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**41.43%** | Percent of class represented by amount in Row (11)<br>**41.43%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** The percent of class is calculated based on 97,952,429 Class A Shares outstanding as of June 4, 2025, as reported in the Issuer's Form 6-K.

| **CUSIP No.** | **G89479102** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Oaktree Capital Group Holdings GP, LLC** | Name of reporting person<br>**Oaktree Capital Group Holdings GP, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**40581120.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**40581120.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**40581120.00** | Aggregate amount beneficially owned by each reporting person<br>**40581120.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**41.43%** | Percent of class represented by amount in Row (11)<br>**41.43%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** The percent of class is calculated based on 97,952,429 Class A Shares outstanding as of June 4, 2025, as reported in the Issuer's Form 6-K.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Class A common shares, par value $0.01 per share

**(b) Name of Issuer:**
TORM plc

**(c) Address of Issuer's Principal Executive Offices:**
Birchin Court, 20 Birchin Lane, London, X0, EC3V 9DU

This Amendment No. 16 ("Amendment No. 16") 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 and Amendment No. 15 thereto filed March 18, 2025 (the "Original 13D," and together with Amendment No. 16, the "Schedule 13D") with respect to the Class A Shares of the Issuer. Except as specifically provided herein, this Amendment No. 16 does not modify any of the information previously reported on the Schedule 13D. Capitalized terms not otherwise defined in this Amendment No. 16 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. Purpose of Transaction**

Item 4 of the Schedule 13D is hereby amended and supplemented to include the following at the end thereof:

On September 3, 2025, OCM Njord Holdings S.a r.l. ("OCM Njord") entered into an Offer Letter
dated September 3, 2025 (the "Offer Letter") by and between OCM Njord and Hafnia Limited ("Hafnia" and together with OCM Njord, the "Parties"). Pursuant to the Offer Letter, Hafnia has agreed, subject to the execution of definitive transaction documents, to buy 14,156,061 Class A Shares (the "Sale Shares") from OCM Njord, at a price of $22.00 per Sale Share, or $311,433,342 in aggregate cash proceeds to OCM Njord (the "Purchase").

The Offer Letter provides that completion of the Purchase is expected to be subject to conditions, including, but not limited to, (i) the appointment of a single nominee proposed by OCM Njord, following consultation with Hafnia, as director of the Issuer and that such nominee be appointed chair of the Issuer's board of directors, (ii) that no material non-arm's length transactions (such as share issuances below market price, except for ordinary course grants or issuance of securities pursuant to existing incentive programs) have been proposed or completed prior to the completion of the Purchase and (iii) the receipt of any mandatory, suspensory antitrust or foreign investment control approvals required to be obtained prior to completion of the Purchase. It also provides that the Parties will agree to cooperate to obtain confirmation, prior to entering into definitive documents, from the Panel on Takeovers and Mergers that Hafnia will not be considered to be "acting in concert" with OCM Njord in relation to the Issuer for purposes of the City Code on Takeovers and Mergers (the "UK Takeover Code") and that the Purchase will not give rise to any other adverse consequences under the UK Takeover Code.

The Purchase is subject to the Parties entering into definitive documents regarding the proposed transaction. The Parties agreed to work towards agreeing definitive documents as soon as practicable, subject to having first received the UK Takeover Code confirmations referenced above. No agreement between the Parties, or with any of their respective affiliates, shall be deemed to exist until the Parties enter into definitive documents regarding the subject matter in the Offer Letter. 

The foregoing description of the Offer Letter does not purport to be complete and is qualified in its entirety by reference to the full text of the Offer Letter, a copy of which is attached hereto as Exhibit B and which is incorporated by reference herein.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

The information contained in Item 4 is hereby incorporated by reference to this Item 6.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** OCM NJORD HOLDINGS S.A R.L

**Signature:** /s/ Martin Eckel

**Name/Title:** Martin Eckel / Manager

**Date:** 09/05/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** OAKTREE CAPITAL MANAGEMENT GP, LLC

**Signature:** /s/ Henry Orren

**Name/Title:** Henry Orren / Senior Vice President

**Date:** 09/05/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Oaktree Capital Holdings, LLC

**Signature:** /s/ Henry Orren

**Name/Title:** Henry Orren / Senior Vice President

**Date:** 09/05/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Oaktree Capital Group Holdings GP, LLC

**Signature:** /s/ Henry Orren

**Name/Title:** Henry Orren/ Senior Vice President

**Date:** 09/05/2025