CADELER A/S: Notification of major shareholding
Copenhagen, 26 March 2026: Cadeler A/S (OSE: CADLR, NYSE: CDLR) (“Cadeler”) hereby announces that it has received the following major shareholder notification pursuant to Section 38 of the Danish Capital Markets Act and Section 55 of the Danish Companies Act, respectively, regarding direct and indirect holdings of shares in Cadeler. Reference is made to the stock exchange announcement published by Cadeler on 26 March 2026 regarding the results of a private placement of 35,095,758 new shares in Cadeler (the “Private Placement”).
BW Altor Pte. Ltd.’s (“BW Altor”) shareholding in Cadeler has changed temporarily in connection with the Private Placement as a result of the share lending arrangement of 22,968,883 shares in Cadeler from BW Altor to DNB Carnegie, a part of DNB Bank ASA, (the “Settlement Agent”) for the purpose of facilitating delivery-versus-payment (DVP) of the shares allocated to investors in the Private Placement, other than BW Altor, with existing shares in Cadeler already listed on the Oslo Stock Exchange (the “Share Lending”). As a result of the Share Lending, and following the subscription of 12,126,875 new shares in Cadeler in the Private Placement, BW Altor currently holds 85,324,026 shares in Cadeler of a nominal value of DKK 1 each, corresponding to 22.10% (latest major shareholder notification was made at 27.36%) of the total share capital and voting rights.
Shares of an identical amount as part of the Share Lending, i.e. 22,968,883 shares in Cadeler, are expected to be redelivered to BW Altor from the Settlement Agent following registration of the share capital increase in connection with the Private Placement. Following completion of (a) registration of the share capital increase in Cadeler in connection with the Private Placement, (b) BW Altor’s receipt of 12,126,875 newly subscribed shares, and (c) redelivery of the shares from the Share Lending, BW Altor is expected to hold 108,292,909 shares in Cadeler of a nominal value of DKK 1 each, corresponding to 28.05% of the total share capital and voting rights in Cadeler after the share capital increase.
BW Altor Pte. Ltd. is a limited liability company organised under the laws of The Republic of Singapore under the registration number 202035228G with its registered address at 10 Pasir Panjang Road #18-01, Mapletree Business City, Singapore 117438. BW Altor Pte. Ltd. is ultimately controlled by Andreas Sohmen-Pao.
For further information, please contact:
Mikkel Gleerup CEO, Cadeler +45 3246 3102 mikkel.gleerup@cadeler.com
Alexander Simmonds EVP & CLO, Cadeler +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 being at the forefront of sustainable wind farm installation and 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.