Cadeler plc has successfully completed a share exchange offer with a remarkable acceptance rate of 92.02% from the shareholders of Cadeler A/S. This significant milestone is part of the company's strategic move to redomicile from Denmark to the United Kingdom, a transition aimed at enhancing its corporate framework and expanding its investor base.

The announcement was made on October 29, 2026, following the expiration of the offer period on October 28, 2026. The high acceptance rate reflects strong support from shareholders, indicating their confidence in the strategic rationale behind the redomiciliation.

Cadeler, known for its operations in deep sea foreign transportation of freight, is transitioning to a corporate structure that better aligns with its global operations. The company plans to list its shares on the New York Stock Exchange and the Oslo Stock Exchange, with trading expected to commence around November 5, 2026.

Background

Cadeler plc, incorporated under the laws of England and Wales, focuses on deep sea foreign transportation of freight. The company has been involved in significant filings recently, including a series of Form 425 submissions leading up to this announcement. Its recent filings indicate a proactive approach to its corporate strategy, with the latest filing dated October 29, 2026.

What the Filing Says

The SEC filing reveals that the acceptance rate of approximately 92.02% was achieved with 355,254,085 Cadeler Shares tendered in the exchange offer. This number includes shares represented by American Depositary Shares (ADSs). The acceptance rate meets the minimum requirement set forth in the combined EU/EEA prospectus and offer document.

CEO Mikkel Gleerup commented, "We highly appreciate the strong support shown by our shareholders for the Redomiciliation. The high acceptance rate reflects the confidence our shareholders place in the strategic rationale for moving our parent company to the United Kingdom."

Impact

This successful exchange offer is expected to significantly impact Cadeler's operational structure and market presence. With over 90% of the shares acquired, Cadeler plc plans to initiate a compulsory acquisition of any remaining shares not tendered in the offer. This move could streamline operations and enhance shareholder value.

The redomiciliation is likely to influence the broader industry, particularly in the deep sea foreign transportation sector, as companies may look to follow suit in restructuring to attract international investors.

What's Next

Cadeler plc is set to announce the final results of the share exchange offer on or before November 2, 2026. Following this, the company will proceed with the settlement of shares and the commencement of trading on the NYSE and OSE. The filing does not specify any further actions beyond these announcements.