Cadeler A/S filed a Form 425 on 29 October 2026 announcing the planned suspension of trading in Cadeler A/S shares on the Oslo Stock Exchange, expected on or around 5 November 2026, in connection with the company's redomiciliation from Denmark to the United Kingdom.

Key Highlights

  • Trading suspension date: The last day of trading in Cadeler A/S shares on the Oslo Stock Exchange is expected to be on or around 4 November 2026.
  • NYSE ADS suspension: Trading of Cadeler ADSs on the New York Stock Exchange is expected to be suspended before market open on or around 5 November 2026, with delisting taking effect 10 days thereafter.
  • ADR programme: Cadeler's American Depositary Receipt programme will be terminated following the NYSE delisting, according to the filing.
  • Squeeze-out notice: Cadeler plc intends to initiate a compulsory acquisition of remaining Cadeler A/S shares not tendered in the Offer, against cash consideration, within a four-week notice period under the Danish Companies Act.
  • Cadeler plc shares: Shares in Cadeler plc are expected to be admitted to trading on both the Oslo Stock Exchange and the New York Stock Exchange on or around 5 November 2026.
  • Governance continuity: According to the filing, all current board members of Cadeler A/S will continue to serve on the board of Cadeler plc, and executive management will remain unchanged.

Cadeler A/S Oslo and NYSE Trading Halted as Redomiciliation Nears Completion

According to the filing, Cadeler A/S (NYSE:CDLR) decided, in consultation with the Oslo Stock Exchange, to request the suspension of trading in Cadeler A/S shares effective from the first day of trading of Cadeler plc shares on the Oslo Stock Exchange, which is expected to be on or around 5 November 2026. The filing states the suspension is being implemented "to avoid simultaneous trading in the shares of both Cadeler and Cadeler plc on the Oslo Stock Exchange during the period until the Cadeler Shares are delisted."

The filing notes that shareholders who did not tender their Cadeler A/S shares in the Offer will not be able to trade those shares on the Oslo Stock Exchange after the last day of trading, expected to be on or around 4 November 2026. However, the filing states the suspension will not affect the Squeeze-out process, and remaining shareholders "will receive the cash consideration in the Squeeze-out irrespective of the suspension." Once Cadeler plc publishes a Squeeze-out notice, remaining shareholders will have a four-week period to transfer their shares for cash consideration, after which any shares not committed to be transferred will be acquired compulsorily.

On the U.S. side, the filing discloses that the NYSE ADS suspension is expected before market open on or around 5 November 2026, with formal delisting taking effect 10 days later and the American Depositary Receipt programme to be terminated thereafter. Cadeler plc, described in the filing as a public limited company incorporated under the laws of England and Wales, has not carried out any operations other than those connected with the Offer and the Redomiciliation as of the date of the announcement. The filing states that following completion of the Offer, the business carried out by Cadeler plc and its subsidiaries will be the same as that carried out by Cadeler A/S and its subsidiaries immediately prior to the Redomiciliation.

What Was Disclosed

This Form 425 filing discloses the planned suspension of Cadeler A/S share trading on the Oslo Stock Exchange and the NYSE ADS programme around 5 November 2026, details of the forthcoming Squeeze-out process under Danish law, and the expected listing of Cadeler plc shares on both exchanges on or around the same date.