Cadeler plc has successfully completed its share exchange offer to shareholders of Cadeler A/S, achieving a remarkable acceptance rate of 92.06%. This milestone is pivotal as it facilitates the company's redomiciliation from Denmark to the United Kingdom, a strategic move aimed at enhancing operational efficiency and market access.

The offer period concluded on October 28, 2026, with a total of 355,404,839 Cadeler Shares tendered, which includes shares represented by American Depositary Shares (ADSs). This high acceptance rate not only meets the minimum requirement set out in the combined EU/EEA prospectus but also positions Cadeler plc as a stronger player in the deep-sea foreign transportation of freight sector.

Cadeler plc, incorporated under the laws of England and Wales, is a public limited company that focuses on offshore wind installation. The company is recognized for its substantial fleet of jack-up offshore wind installation vessels, which are crucial for the growing offshore wind market.

According to the SEC filing, Cadeler plc will issue 355,404,838 shares to the shareholders who accepted the offer. Following the completion of the exchange, shareholders will hold the same number of shares in Cadeler plc as they did in Cadeler A/S, with an increased relative shareholding of 8.62% for those who participated in the exchange.

In light of the successful offer, Cadeler plc plans to initiate a compulsory acquisition, or squeeze-out, of the remaining shares not tendered in the offer. This process will allow Cadeler plc to acquire the remaining shares for cash, which has been set at NOK 58.42 per share, based on the volume-weighted average price over the preceding 30 trading days.

Cadeler plc has also secured financing from DNB Bank ASA to cover cash payments related to the squeeze-out. The repayment of this financing will be structured through various means, including potential intercompany loans or dividends from within the Cadeler Group.

As part of the redomiciliation process, trading of Cadeler ADSs on the New York Stock Exchange is expected to be suspended on or around November 5, 2026, with delisting occurring shortly thereafter. Similarly, trading of Cadeler Shares on the Oslo Stock Exchange will also be suspended from the same date. An extraordinary general meeting will be convened to approve the delisting of Cadeler Shares from the OSE.

The successful completion of this share exchange and the subsequent redomiciliation to the UK reflect Cadeler's commitment to optimizing its operational framework and expanding its market reach in the offshore wind sector. As the company transitions, it will continue to operate under the same management and maintain its focus on providing reliable offshore wind installation services.

Cadeler A/S is recognized as a leader in offshore wind turbine transport and installation, and this strategic move is expected to bolster its competitive edge in the deep-sea transportation industry. The company's modern fleet and expertise will support the ongoing demand for offshore wind projects, positioning Cadeler plc favorably against its competitors.

For further information, stakeholders are encouraged to refer to the prospectus available on Cadeler's website and the SEC's site. As Cadeler plc moves forward, the implications of this redomiciliation will be closely monitored by industry analysts and competitors alike.