Cadeler A/S has announced a significant milestone in its ongoing redomiciliation process, reporting a 92.02% acceptance rate for its share exchange offer. This move, aimed at transitioning the company's parent entity from Denmark to the United Kingdom, reflects the growing confidence of its shareholders in the strategic rationale behind the change. The successful completion of the offer is expected to enhance Cadeler's corporate structure and broaden its appeal to international investors.

Cadeler A/S, a leader in the offshore wind installation sector, specializes in deep-sea foreign transportation of freight, particularly for wind turbine projects. The company operates the largest fleet of jack-up offshore wind installation vessels globally and is expanding its capabilities in foundation transport and installation. Listed on the New York Stock Exchange under the ticker CDLR, Cadeler is positioned to leverage its expertise in supporting offshore wind projects worldwide.

According to the recent SEC filing, the acceptance rate of approximately 92.02% was achieved with 355,254,085 shares tendered by shareholders, including shares represented by American Depositary Shares (ADSs). This acceptance rate meets the minimum requirement outlined in the combined EU/EEA prospectus, paving the way for the redomiciliation to proceed. The offer period concluded on October 28, 2026, and the final results are expected to be announced by November 2, 2026.

Cadeler's CEO, Mikkel Gleerup, expressed appreciation for the strong support from shareholders, stating, "The high acceptance rate reflects the confidence our shareholders place in the strategic rationale for moving our parent company to the United Kingdom." He emphasized that this transition is a significant step towards a corporate structure that better aligns with the company's scale and global reach.

The redomiciliation is anticipated to attract a more diverse international investor base, which is crucial for Cadeler's growth in the competitive offshore wind industry. As the company prepares to list its shares on the NYSE and Oslo Stock Exchange, it is also planning to initiate a compulsory acquisition of shares not acquired in the offer, in accordance with Danish law.

The implications of Cadeler's redomiciliation extend beyond the company itself. Other firms in the offshore transportation sector, classified under SIC 4412, may need to evaluate their corporate structures and strategies to remain competitive in a rapidly evolving market. The successful transition of Cadeler could set a precedent for similar moves within the industry.

Looking ahead, Cadeler plans to finalize the exchange of shares and commence trading of Cadeler plc shares on the NYSE and Oslo Stock Exchange around November 5, 2026. The company will also hold an extraordinary general meeting to approve the delisting of its shares from the Oslo Stock Exchange following the completion of the squeeze-out process.

As Cadeler moves forward with its redomiciliation, the company is expected to enhance its financial strategy through a financing arrangement with DNB Bank ASA, aimed at covering cash payments related to the squeeze-out. This strategic financial planning will be crucial as Cadeler continues to grow its operations and maintain its leadership position in the offshore wind sector.

In summary, Cadeler A/S's successful share exchange offer and redomiciliation to the UK mark a pivotal moment for the company and potentially for the offshore transportation industry as a whole. The strong acceptance rate underscores shareholder confidence and sets the stage for future growth and expansion.