Oaktree Capital Group Holdings GP LLC
10/03/2024 | Press release | Distributed by Public on 10/03/2024 16:33
Amendment to Beneficial Ownership Report - Form SC 13D/A
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 14)*
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
General Counsel & Managing Director
Oaktree Capital Management, L.P.
333 S. Grand Avenue, 28th Floor
Los Angeles, CA 90071
(213) 830-6300
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
October 2, 2024
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7(b) for other parties to whom copies are to be sent.
|
*
|
The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
|
The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
|
1
|
NAMES OF REPORTING PERSONS
|
|||
|
OCM NJORD HOLDINGS S.À R.L
|
||||
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
|
|
|
(b)
|
☒
|
||
|
3
|
SEC USE ONLY
|
|||
|
|
||||
|
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|||
|
WC
|
||||
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
☐
|
||
|
|
||||
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|||
|
Luxembourg
|
||||
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
||
|
0
|
||||
|
8
|
SHARED VOTING POWER
|
|||
|
40,581,120
|
||||
|
9
|
SOLE DISPOSITIVE POWER
|
|||
|
0
|
||||
|
10
|
SHARED DISPOSITIVE POWER
|
|||
|
40,581,120
|
||||
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|||
|
40,581,120
|
||||
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
☐
|
||
|
|
||||
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|||
|
42.42%(1)
|
||||
|
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|||
|
OO
|
||||
| (1) |
Calculated based upon 95,654,335 shares of Class A common stock, par value $0.01 per share (the "Class A Shares") outstanding as of September 25, 2024, based on information provided by the issuer.
|
|
1
|
NAMES OF REPORTING PERSONS
|
|||
|
OAKTREE CAPITAL MANAGEMENT GP, LLC
|
||||
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
|
|
|
(b)
|
☒
|
||
|
3
|
SEC USE ONLY
|
|||
|
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|||
|
AF
|
||||
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
☒
|
||
|
|
||||
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|||
|
Delaware
|
||||
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
||
|
0
|
||||
|
8
|
SHARED VOTING POWER
|
|||
|
40,581,120
|
||||
|
9
|
SOLE DISPOSITIVE POWER
|
|||
|
0
|
||||
|
10
|
SHARED DISPOSITIVE POWER
|
|||
|
40,581,120
|
||||
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|||
|
40,581,120
|
||||
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
☐
|
||
|
|
||||
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|||
|
42.42%(1)
|
||||
|
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|||
|
OO
|
||||
| (1) |
Calculated based upon 95,654,335 Class A Shares outstanding as of September 25, 2024, based on information provided by the issuer.
|
|
1
|
NAMES OF REPORTING PERSONS
|
|||
|
OAKTREE CAPITAL HOLDINGS, LLC
|
||||
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
|
|
|
(b)
|
☒
|
||
|
3
|
SEC USE ONLY
|
|||
|
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|||
|
AF
|
||||
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
☐
|
||
|
|
||||
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|||
|
Delaware
|
||||
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
||
|
0
|
||||
|
8
|
SHARED VOTING POWER
|
|||
|
40,581,120
|
||||
|
9
|
SOLE DISPOSITIVE POWER
|
|||
|
0
|
||||
|
10
|
SHARED DISPOSITIVE POWER
|
|||
|
40,581,120
|
||||
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|||
|
40,581,120
|
||||
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
☐
|
||
|
|
||||
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|||
|
42.42%(1)
|
||||
|
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|||
|
CO
|
||||
| (1) |
Calculated based upon 95,654,335 Class A Shares outstanding as of September 25, 2024, based on information provided by the issuer.
|
|
1
|
NAMES OF REPORTING PERSONS
|
|||
|
OAKTREE CAPITAL GROUP HOLDINGS GP, LLC
|
||||
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
|
|
|
(b)
|
☒
|
||
|
3
|
SEC USE ONLY
|
|||
|
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|||
|
AF
|
||||
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
☐
|
||
|
|
||||
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|||
|
Delaware
|
||||
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
||
|
0
|
||||
|
8
|
SHARED VOTING POWER
|
|||
|
40,581,120
|
||||
|
9
|
SOLE DISPOSITIVE POWER
|
|||
|
0
|
||||
|
10
|
SHARED DISPOSITIVE POWER
|
|||
|
40,581,120
|
||||
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|||
|
40,581,120
|
||||
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
☐
|
||
|
|
||||
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|||
|
42.42%(1)
|
||||
|
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|||
|
CO
|
||||
| (1) |
Calculated based upon 95,654,335 Class A Shares outstanding as of September 25, 2024, based on information provided by the issuer.
|
|
1
|
NAMES OF REPORTING PERSONS
|
|||
|
BROOKFIELD ASSET MANAGEMENT ULC
|
||||
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
|
|
|
(b)
|
☒
|
||
|
3
|
SEC USE ONLY
|
|||
|
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|||
|
AF
|
||||
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
☐
|
||
|
|
||||
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|||
|
British Columbia, Canada
|
||||
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
||
|
0
|
||||
|
8
|
SHARED VOTING POWER
|
|||
|
40,581,120
|
||||
|
9
|
SOLE DISPOSITIVE POWER
|
|||
|
0
|
||||
|
10
|
SHARED DISPOSITIVE POWER
|
|||
|
40,581,120
|
||||
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|||
|
40,581,120
|
||||
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
☐
|
||
|
|
||||
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|||
|
42.42%(1)
|
||||
|
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|||
|
OO
|
||||
| (1) |
Calculated based upon 95,654,335 Class A Shares outstanding as of September 25, 2024, based on information provided by the issuer.
|
|
1
|
NAMES OF REPORTING PERSONS
|
|||
|
BROOKFIELD CORPORATION
|
||||
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
|
|
|
(b)
|
☒
|
||
|
3
|
SEC USE ONLY
|
|||
|
|
||||
|
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|||
|
AF
|
||||
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
☐
|
||
|
|
||||
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|||
|
Ontario, Canada
|
||||
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
||
|
0
|
||||
|
8
|
SHARED VOTING POWER
|
|||
|
40,581,120
|
||||
|
9
|
SOLE DISPOSITIVE POWER
|
|||
|
0
|
||||
|
10
|
SHARED DISPOSITIVE POWER
|
|||
|
40,581,120
|
||||
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|||
|
40,581,120
|
||||
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
☐
|
||
|
|
||||
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|||
|
42.42%(1)
|
||||
|
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|||
|
OO
|
||||
| (1) |
Calculated based upon 95,654,335 Class A Shares outstanding as of September 25, 2024, based on information provided by the issuer.
|
|
1
|
NAMES OF REPORTING PERSONS
|
|||
|
BROOKFIELD ASSET MANAGEMENT LTD.
|
||||
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
|
|
|
(b)
|
☒
|
||
|
3
|
SEC USE ONLY
|
|||
|
|
||||
|
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|||
|
AF
|
||||
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
☐
|
||
|
|
||||
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|||
|
British Columbia, Canada
|
||||
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
||
|
0
|
||||
|
8
|
SHARED VOTING POWER
|
|||
|
40,581,120
|
||||
|
9
|
SOLE DISPOSITIVE POWER
|
|||
|
0
|
||||
|
10
|
SHARED DISPOSITIVE POWER
|
|||
|
40,581,120
|
||||
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|||
|
40,581,120
|
||||
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
☐
|
||
|
|
||||
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|||
|
42.42%(1)
|
||||
|
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|||
|
OO
|
||||
| (1) |
Calculated based upon 95,654,335 Class A Shares outstanding as of September 25, 2024, based on information provided by the issuer.
|
|
1
|
NAMES OF REPORTING PERSONS
|
|||
|
BAM PARTNERS TRUST
|
||||
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
|
|
|
(b)
|
☒
|
||
|
3
|
SEC USE ONLY
|
|||
|
|
||||
|
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|||
|
AF
|
||||
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
☐
|
||
|
|
||||
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|||
|
Ontario, Canada
|
||||
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
||
|
0
|
||||
|
8
|
SHARED VOTING POWER
|
|||
|
40,581,120
|
||||
|
9
|
SOLE DISPOSITIVE POWER
|
|||
|
0
|
||||
|
10
|
SHARED DISPOSITIVE POWER
|
|||
|
40,581,120
|
||||
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|||
|
40,581,120
|
||||
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
☐
|
||
|
|
||||
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|||
|
42.42%(1)
|
||||
|
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|||
|
OO
|
||||
| (1) |
Calculated based upon 95,654,335 Class A Shares outstanding as of September 25, 2024, based on information provided by the issuer.
|
|
Item 1.
|
Security and Issuer
|
This Amendment No. 14 ("Amendment No. 14") 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, and Amendment No. 13 thereto filed June 3, 2024 (the "Original 13D," and together with Amendment No. 14, the "Schedule 13D") with respect to the Class A Shares of the Issuer. 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 2 Identity and Background
Item 2(e) of the Schedule 13D is hereby amended and restated in its entirety as follows:
On September 25, 2024, the SEC accepted an offer by Oaktree Capital Management LP, an affiliate of the Reporting Persons, to resolve an investigation involving Sections 13(d) and 16(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rules 13d-2 and 16a-3 thereunder, which require certain investors, like the Reporting Persons, that beneficially own the registered equity securities of a public company to file reports with the SEC of their beneficial ownership in the equity of the company, including changes in their beneficial ownership, within specified timeframes. Oaktree Capital Management LP cooperated immediately and fully with the SEC's investigation, and, without admitting or denying the SEC's findings, in a settled proceeding agreed to cease and desist from committing or causing any violations and any future violations of Sections 13(d) and 16(a) of the Exchange Act and Rules 13d-2 and 16a-3 thereunder and to pay a $375,000 penalty.
Item 5.Interest in Securities of the Issuer
Item 5 (a)-(c) of the Schedule 13D are hereby amended and restated as follows:
(a) and (b)
The information contained on the cover pages of this Schedule 13D is incorporated herein by reference. Ownership percentages set forth in this Schedule 13D assume 95,654,335 Class A Shares outstanding as of September 25, 2024, which is based on information provided by the Issuer. As of the date hereof, each of the Reporting Persons may be deemed the beneficial owner of 40,581,120 Class A Shares, which represents approximately 42.42% of the total outstanding Class A Shares.
(c)
On October 2, 2024, the Reporting Persons sold 3,528,866 Class A Shares pursuant to Rule 144. The Reporting Persons have not effected any other transactions in the Common Stock since the filing of Amendment No. 13. 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 7. |
Materials to be Filed as Exhibits
|
|
Exhibit
|
Description
|
|
|
A.
|
Joint Filing Agreement, dated as of December 4, 2023, by and among the Reporting Persons, incorporated by reference to Exhibit A to Amendment No. 8 to the Schedule 13D.
|
SIGNATURES
After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.
Dated: October 3, 2024
|
OCM NJORD HOLDINGS S.À R.L.
|
||
|
By:
|
/s/ Martin Eckel
|
|
|
Name:
|
Martin Eckel
|
|
|
Title:
|
Manager
|
|
OAKTREE CAPITAL MANAGEMENT GP, LLC
|
||
|
By:
|
/s/ Martin Boskovich
|
|
|
Name:
|
Martin Boskovich
|
|
|
Title:
|
Senior Vice President
|
|
OAKTREE CAPITAL HOLDINGS, LLC
|
||
|
By:
|
/s/ Martin Boskovich
|
|
|
Name:
|
Martin Boskovich
|
|
|
Title:
|
Senior Vice President
|
|
OAKTREE CAPITAL GROUP HOLDINGS GP, LLC
|
||
|
By:
|
/s/ Martin Boskovich
|
|
|
Name:
|
Martin Boskovich
|
|
|
Title:
|
Senior Vice President
|
|
BROOKFIELD ASSET MANAGEMENT ULC
|
||
|
By:
|
/s/ Kathy Sarpash
|
|
|
Name:
|
Kathy Sarpash
|
|
|
Title:
|
Managing Director, Legal & Regulatory
|
|
BROOKFIELD CORPORATION
|
||
|
By:
|
/s/ Swati Mandava
|
|
|
Name:
|
Swati Mandava
|
|
|
Title:
|
Managing Director, Legal & Regulatory
|
|
BROOKFIELD ASSET MANAGEMENT LTD.
|
||
|
By:
|
/s/ Kathy Sarpash
|
|
|
Name:
|
Kathy Sarpash
|
|
|
Title:
|
Managing Director, Legal & Regulatory
|
|
BAM PARTNERS TRUST
|
||
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By:
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/s/ Kathy Sarpash
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Name:
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Kathy Sarpash
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Title:
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Secretary
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