Cadeler A/S Completes Share Buy-Back Program Early

TL;DR

Cadeler bought back max shares early, program done by July 4th.

AI Summary

Cadeler A/S announced on July 4, 2024, that it has completed its share buy-back program initiated on July 1, 2024. The program was concluded earlier than its anticipated termination date of July 12, 2024, because the maximum number of shares intended for repurchase was reached. Cadeler A/S is listed on both OSE (CADLR) and NYSE (CDLR).

Why It Matters

The early completion of the buy-back program suggests strong confidence from the company in its own valuation or a strategic reallocation of capital. This can be a positive signal to investors regarding the company's financial health and future prospects.

Risk Assessment

Risk Level: low — The filing is a routine update on a completed share buy-back program and does not introduce new material risks.

Key Players & Entities

• Cadeler A/S (company) — Registrant
• July 1, 2024 (date) — Announcement date of share buy-back program
• July 4, 2024 (date) — Date of completion announcement
• July 12, 2024 (date) — Anticipated termination date of share buy-back program

FAQ

Filing Documents

• tm2418946d1_6k.htm (6-K) — 1019KB
• tm2418946d1_6kimg01.jpg (GRAPHIC) — 3KB
• 0001104659-24-077887.txt ( ) — 1023KB

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of July 2024 Commission File Number: 001-41889 CADELER A/S (Translation of registrant's name into English) Kalvebod Brygge 43 DK-1560 Copenhagen V, Denmark (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F Form 40-F Stock exchange announcement CADELER A/S: COMPLETION OF SHARE BUY-BACK PROGRAMME AND DISCLOSURE OF REPURCHASE TRANSACTIONS MADE UNDER THE SHARE BUY-BACK PROGRAMME Copenhagen, 4 July 2024: Cadeler A/S (OSE: CADLR, NYSE: CDLR) (“ Cadeler ”) today confirms that it has completed the share buy-back programme it announced on 1 July 2024 in advance of the programme’s anticipated termination date of 12 July 2024, as the maximum number of shares to be repurchased under the programme was reached earlier than that date. The share buy-back programme has therefore been terminated early. Between 1 July 2024 and 4 July 2024, Cadeler repurchased 214,791 of its own shares at an average price per share of NOK 68.28, corresponding to an aggregate amount of NOK 14,665,701, or approximately EUR 1.29 million. On 1 July 2024, Cadeler initiated a share buy-back programme of up to NOK 16.5 million (approx. EUR 1.45 million) to enable Cadeler to meet its obligations to its employees arising from certain of Cadeler’s share-based incentive programmes (the “ Programme ”) in accordance with Article 5 of Regulation (EU) no. 596/2014 of the European Parliament and of the Council of 16 April 2014, as amended (the “ Market Abuse Regulation ”), and the Commissions Delegated Regulation (EU) 2016/1052 of 8 March 2016 (together with the Market Abuse Regulation, the “ Safe Harbour Rules ”). Further details on the terms of the Programme can be found in our stock exchange announcement dated 1 July 2024. The following transactions were made under the Programme between the commencement of the Programme on 1 July 2024 and 4 July 2024: Date Trading Venue Number of shares Weighted average purchase price, NOK Transaction value, NOK (EUR) 1 1 July 2024 XOSL 53,700 68.21 3,662,958 (EUR 320,427) 2 July 2024 XOSL 53,700 67.98 3,650,601 (EUR 318,010) 3 July 2024 XOSL 53,700 68.36 3,670,701 (EUR 320,353) 4 July 2024 XOSL 53,691 68.57 3,681,442 (EUR 322,891) Accumulated under the Programme 214,791 68.28 14,665,701 (EUR 1,286,296) 1 EUR figures presented based on the prevailing NOK/EUR exchange rate on each relevant day. Details of each transaction made under the Programme are attached as an appendix to this stock exchange announcement. Following the conclusion of the Programme Cadeler holds a total of 214,791 shares, each with a nominal value of DKK 1.00 and corresponding in the aggregate to less than 0.01% of Cadeler’s total share capital and voting rights of Cadeler, as treasury shares. For further information, please contact : Mikkel Gleerup, CEO +45 3246 3102 mikkel.gleerup@cadeler.com Alexander Simmonds, EVP & CLO +44 7376 174172 alexander.simmonds@cadeler.com About Cadeler A/S: Cadeler is a global leader in offshore wind installation, operations, and maintenance services. Cadeler is a pure play company, operating solely in the offshore wind industry with an uncompromising focus on safety and the environment. Cadeler owns and operates the industry’s largest fleet of jack-up offshore wind installation vessels and has for more than 10 years been a key supplier in the development of offshore wind energy to power millions of households. Cadeler’s fleet, expertise and capacity to handle the largest and most complex next-generation offshore wind installation projects positions the company to deliver exceptional services to the industry. Cadeler is committed to enabling the global energy transition towards a future built on renewable energy. Cadeler is listed on the New York Stock Exchange (ticker: CDLR) and the Oslo Stock Exchange (ticker: CADLR). To learn more, please visit www.cadeler.com . Appendix: Disclosure of transaction data under the share repurchase programme for Cadeler A/S in the period 1 July 2024 to 4 July 2024 This document discloses the transactions made under the share repurchase programme for Cadeler A/S in the period 1 July 2024 to 4 July 2024 in a detailed and aggregated form in accordance with Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014, as amended, with regards to regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures. Date Trading Venue Number of shares Weighte

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View this 6-K filing on SEC EDGAR