Cadeler plc has announced the successful completion of a share exchange as part of its redomiciliation from Denmark to the United Kingdom. This move is significant for the company as it aims to strengthen its operational base and expand its capabilities in the offshore wind installation sector.

On November 4, 2026, Cadeler confirmed that it delivered 355,404,838 shares to shareholders of Cadeler A/S who accepted the voluntary exchange offer. Each shareholder received one share in Cadeler plc for each share they held in Cadeler A/S. This exchange marks a crucial step in Cadeler's transition to being a UK-based entity.

Cadeler is classified under the SIC code 4412, which pertains to deep sea foreign transportation of freight. This industry is vital for global trade and logistics, and Cadeler's move may influence how other companies in this sector approach their operational strategies.

Following the completion of the share exchange, Cadeler will have a total of 355,404,839 ordinary shares and 50,000 non-voting preference shares outstanding. The company plans to redeem the preference shares after a capital reduction, which is expected to occur in December 2026. This capital reduction will decrease the nominal value of each share from USD 1.00 to USD 0.01, further streamlining its capital structure.

Trading of Cadeler plc shares is set to begin on November 5, 2026, on both the Oslo Stock Exchange and the New York Stock Exchange under the ticker symbol "CDLR." This dual listing is anticipated to enhance the company's visibility and attract a broader range of investors.

The filing does not specify what happens next, but the successful completion of this share exchange is a pivotal moment for Cadeler as it seeks to solidify its presence in the offshore wind market.

For any inquiries regarding the delivery of the new shares, shareholders can contact DNB Carnegie or Computershare for assistance.

Cadeler plc is recognized as a leading offshore wind installation partner, boasting the industry’s largest fleet of jack-up vessels. The company is committed to supporting the safe and efficient delivery of offshore wind projects globally.