Copenhagen, 2 November 2026: Cadeler A/S ("Cadeler" and together with its
consolidated subsidiaries, the "Cadeler Group") 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.
The Scorpio group's direct and indirect shareholding in Cadeler has changed in
connection with the final results and initiation of settlement of the share
exchange offer (the "Offer") by Cadeler plc in connection with the contemplated
redomiciliation of the Cadeler Group's parent company from Denmark to the United
Kingdom. For further information, reference is made to the stock exchange
announcement published by Cadeler on 2 November 2026 regarding final results of
the Offer.
In connection with the Offer, Scorpio Holdings Limited (partly through Scorpio
Services Holding Limited) has tendered 49,356,825 Cadeler shares, each with a
nominal value of DKK 1.00 (corresponding to approximately 12.78% of the total
share capital and voting rights) in exchange for 49,356,825 shares in Cadeler
plc, each with a nominal value of USD 1.00.
As a result of the Offer, Scorpio Holdings Limited and Scorpio Services Holding
Limited no longer directly hold any shares and voting rights in Cadeler.
However, Scorpio Holdings Limited and Scorpio Services Holding Limited will
directly and indirectly hold the same number of shares in Cadeler plc as the
number they held in Cadeler prior to the settlement of the Offer, which
corresponds to 13.89% of the total share capital and voting rights of Cadeler
plc (as 7.94% of the Cadeler shareholders did not tender and exchange their
Cadeler shares pursuant to the Offer).
Scorpio Holdings Limited is a limited liability company organised under the laws
of the Republic of the Marshall Islands under the registration number 99226 with
its registered address at Trust Company Complex, Ajeltake Road, Ajeltake Island,
Majuro, Republic of the Marshall Islands, MH 96960.
Scorpio Services Holding Limited is a limited liability company organised under
the laws of the Republic of the Marshall Islands under the registration number
52777 with its registered address at Trust Company Complex, Ajeltake Road,
Ajeltake Island, Majuro, Republic of the Marshall Islands, MH 96960.
For further information, please contact:
Cadeler Press Office: press@cadeler.com
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
Cadeler A/S (Cadeler) is a global leader in offshore wind turbine transport and
installation. The company owns and operates the industry's largest fleet of
jack-up offshore wind installation vessels and is expanding its capabilities
into full-scope foundation transport and installation, as well as operations &
maintenance. With its modern fleet and depth of expertise across onshore and
offshore operations, Cadeler supports the safe, efficient and reliable delivery
of offshore wind projects worldwide. Cadeler is listed on the New York Stock
Exchange (ticker: CDLR) and the Oslo Stock Exchange (ticker: CADLR). For more
information, please visit www.cadeler.com.
d the Oslo Stock Exchange (ticker: CADLR). For more\
information\, please visit www.cadeler.com.\