[6-K] Cadeler A/S American Depositary Share (each representing four (4) Current Report (Foreign Issuer)
Cadeler A/S has filed a Form 6-K reporting two mirror transactions under EU MAR Article 19. On 27 June 2025, Scorpio Holdings Limited—an entity closely associated with Vice-Chairman Emanuele Lauro—bought 767,766 Cadeler shares (ISIN DK0061412772) at an average price of USD 5.26, totaling USD 4.04 million. Simultaneously, Scorpio Services Holding Limited—also linked to Lauro—sold the identical volume at the same price. The trades were executed outside a trading venue and represent an intra-group reallocation, resulting in no change to Cadeler’s outstanding share count or free float. Apart from satisfying regulatory disclosure requirements for persons discharging managerial responsibilities (PDMRs), the filing contains no operational, financial, or strategic updates.
Cadeler A/S ha presentato un modulo 6-K segnalando due operazioni speculari ai sensi dell'articolo 19 del regolamento UE MAR. Il 27 giugno 2025, Scorpio Holdings Limited—un'entità strettamente collegata al Vicepresidente Emanuele Lauro—ha acquistato 767.766 azioni Cadeler (ISIN DK0061412772) a un prezzo medio di 5,26 USD, per un totale di 4,04 milioni di USD. Contemporaneamente, Scorpio Services Holding Limited—anch'essa collegata a Lauro—ha venduto lo stesso volume allo stesso prezzo. Le operazioni sono state eseguite al di fuori di una sede di negoziazione e rappresentano una riallocazione all’interno del gruppo, senza alcuna variazione nel numero totale di azioni Cadeler in circolazione o nel flottante. Oltre a soddisfare gli obblighi di comunicazione regolamentare per le persone con responsabilità manageriali (PDMR), la comunicazione non contiene aggiornamenti operativi, finanziari o strategici.
Cadeler A/S ha presentado un formulario 6-K informando sobre dos operaciones espejo bajo el artículo 19 del Reglamento de la UE MAR. El 27 de junio de 2025, Scorpio Holdings Limited—una entidad estrechamente vinculada al Vicepresidente Emanuele Lauro—compró 767.766 acciones de Cadeler (ISIN DK0061412772) a un precio promedio de 5,26 USD, por un total de 4,04 millones de USD. Simultáneamente, Scorpio Services Holding Limited—también relacionada con Lauro—vendió el mismo volumen al mismo precio. Las operaciones se realizaron fuera de un mercado regulado y representan una reasignación dentro del grupo, sin ningún cambio en el número total de acciones en circulación o en el free float de Cadeler. Además de cumplir con los requisitos regulatorios de divulgación para personas con responsabilidades directivas (PDMR), el informe no contiene actualizaciones operativas, financieras o estratégicas.
Cadeler A/S는 EU MAR 제19조에 따른 두 건의 미러 거래를 보고하는 Form 6-K를 제출했습니다. 2025년 6월 27일, 부회장 에마누엘 라우로와 밀접한 관련이 있는 Scorpio Holdings Limited가 767,766주의 Cadeler 주식(ISIN DK0061412772)을 평균 가격 미화 5.26달러에 총 미화 404만 달러어치 매수했습니다. 동시에, 라우로와 연관된 Scorpio Services Holding Limited가 동일한 수량을 동일 가격에 매도했습니다. 이 거래들은 거래소 외부에서 이루어졌으며, 그룹 내 재배치를 나타내어 Cadeler의 발행 주식 수나 유통 주식 수에는 변동이 없습니다. 관리 책임자(PDMR)의 규제 공시 요건을 충족하기 위한 것이며, 운영, 재무 또는 전략적 업데이트는 포함되어 있지 않습니다.
Cadeler A/S a déposé un formulaire 6-K rapportant deux transactions miroir conformément à l'article 19 du MAR de l'UE. Le 27 juin 2025, Scorpio Holdings Limited—une entité étroitement liée au vice-président Emanuele Lauro—a acheté 767 766 actions Cadeler (ISIN DK0061412772) à un prix moyen de 5,26 USD, pour un total de 4,04 millions USD. Simultanément, Scorpio Services Holding Limited—également liée à Lauro—a vendu le même volume au même prix. Les transactions ont été effectuées hors d'un lieu de négociation et représentent une réallocation intra-groupe, sans modification du nombre total d'actions Cadeler en circulation ni du flottant. En plus de satisfaire les obligations réglementaires de divulgation pour les personnes exerçant des responsabilités managériales (PDMR), le dépôt ne contient aucune mise à jour opérationnelle, financière ou stratégique.
Cadeler A/S hat ein Formular 6-K eingereicht, in dem zwei Spiegeltransaktionen gemäß Artikel 19 der EU-MAR gemeldet werden. Am 27. Juni 2025 kaufte Scorpio Holdings Limited—eine dem stellvertretenden Vorsitzenden Emanuele Lauro nahestehende Einheit—767.766 Cadeler-Aktien (ISIN DK0061412772) zu einem Durchschnittspreis von 5,26 USD für insgesamt 4,04 Millionen USD. Gleichzeitig verkaufte Scorpio Services Holding Limited—ebenfalls mit Lauro verbunden—das identische Volumen zum gleichen Preis. Die Transaktionen wurden außerhalb eines Handelsplatzes ausgeführt und stellen eine innerbetriebliche Umverteilung dar, wodurch sich die Gesamtzahl der ausstehenden Cadeler-Aktien oder der Streubesitz nicht ändert. Abgesehen von der Erfüllung der Meldepflichten für Personen mit Führungsverantwortung (PDMRs) enthält die Meldung keine operativen, finanziellen oder strategischen Neuigkeiten.
- None.
- None.
Insights
TL;DR: Internal share transfer between related parties; neutral for valuation and liquidity.
The disclosed buy-and-sell are mirror legs of the same USD 4.0 m block, indicating a corporate restructuring within Scorpio-controlled entities rather than fresh insider accumulation. Because the total outstanding shares and public float remain unchanged, there is no dilution, no cash inflow, and no direct balance-sheet impact on Cadeler. Trading outside a venue at market price suggests administrative realignment rather than signaling. Accordingly, the effect on near-term share performance or valuation multiples is negligible.
TL;DR: Routine MAR compliance; transparency upheld, but no governance red flags.
The company has promptly complied with MAR Article 19, underscoring sound disclosure practices. The intra-group nature implies continued beneficial ownership by the same control group, so insider alignment with shareholders is essentially unchanged. There is neither concentration increase nor disposition outside the insider circle. Hence, governance risk or benefit is minimal.
Cadeler A/S ha presentato un modulo 6-K segnalando due operazioni speculari ai sensi dell'articolo 19 del regolamento UE MAR. Il 27 giugno 2025, Scorpio Holdings Limited—un'entità strettamente collegata al Vicepresidente Emanuele Lauro—ha acquistato 767.766 azioni Cadeler (ISIN DK0061412772) a un prezzo medio di 5,26 USD, per un totale di 4,04 milioni di USD. Contemporaneamente, Scorpio Services Holding Limited—anch'essa collegata a Lauro—ha venduto lo stesso volume allo stesso prezzo. Le operazioni sono state eseguite al di fuori di una sede di negoziazione e rappresentano una riallocazione all’interno del gruppo, senza alcuna variazione nel numero totale di azioni Cadeler in circolazione o nel flottante. Oltre a soddisfare gli obblighi di comunicazione regolamentare per le persone con responsabilità manageriali (PDMR), la comunicazione non contiene aggiornamenti operativi, finanziari o strategici.
Cadeler A/S ha presentado un formulario 6-K informando sobre dos operaciones espejo bajo el artículo 19 del Reglamento de la UE MAR. El 27 de junio de 2025, Scorpio Holdings Limited—una entidad estrechamente vinculada al Vicepresidente Emanuele Lauro—compró 767.766 acciones de Cadeler (ISIN DK0061412772) a un precio promedio de 5,26 USD, por un total de 4,04 millones de USD. Simultáneamente, Scorpio Services Holding Limited—también relacionada con Lauro—vendió el mismo volumen al mismo precio. Las operaciones se realizaron fuera de un mercado regulado y representan una reasignación dentro del grupo, sin ningún cambio en el número total de acciones en circulación o en el free float de Cadeler. Además de cumplir con los requisitos regulatorios de divulgación para personas con responsabilidades directivas (PDMR), el informe no contiene actualizaciones operativas, financieras o estratégicas.
Cadeler A/S는 EU MAR 제19조에 따른 두 건의 미러 거래를 보고하는 Form 6-K를 제출했습니다. 2025년 6월 27일, 부회장 에마누엘 라우로와 밀접한 관련이 있는 Scorpio Holdings Limited가 767,766주의 Cadeler 주식(ISIN DK0061412772)을 평균 가격 미화 5.26달러에 총 미화 404만 달러어치 매수했습니다. 동시에, 라우로와 연관된 Scorpio Services Holding Limited가 동일한 수량을 동일 가격에 매도했습니다. 이 거래들은 거래소 외부에서 이루어졌으며, 그룹 내 재배치를 나타내어 Cadeler의 발행 주식 수나 유통 주식 수에는 변동이 없습니다. 관리 책임자(PDMR)의 규제 공시 요건을 충족하기 위한 것이며, 운영, 재무 또는 전략적 업데이트는 포함되어 있지 않습니다.
Cadeler A/S a déposé un formulaire 6-K rapportant deux transactions miroir conformément à l'article 19 du MAR de l'UE. Le 27 juin 2025, Scorpio Holdings Limited—une entité étroitement liée au vice-président Emanuele Lauro—a acheté 767 766 actions Cadeler (ISIN DK0061412772) à un prix moyen de 5,26 USD, pour un total de 4,04 millions USD. Simultanément, Scorpio Services Holding Limited—également liée à Lauro—a vendu le même volume au même prix. Les transactions ont été effectuées hors d'un lieu de négociation et représentent une réallocation intra-groupe, sans modification du nombre total d'actions Cadeler en circulation ni du flottant. En plus de satisfaire les obligations réglementaires de divulgation pour les personnes exerçant des responsabilités managériales (PDMR), le dépôt ne contient aucune mise à jour opérationnelle, financière ou stratégique.
Cadeler A/S hat ein Formular 6-K eingereicht, in dem zwei Spiegeltransaktionen gemäß Artikel 19 der EU-MAR gemeldet werden. Am 27. Juni 2025 kaufte Scorpio Holdings Limited—eine dem stellvertretenden Vorsitzenden Emanuele Lauro nahestehende Einheit—767.766 Cadeler-Aktien (ISIN DK0061412772) zu einem Durchschnittspreis von 5,26 USD für insgesamt 4,04 Millionen USD. Gleichzeitig verkaufte Scorpio Services Holding Limited—ebenfalls mit Lauro verbunden—das identische Volumen zum gleichen Preis. Die Transaktionen wurden außerhalb eines Handelsplatzes ausgeführt und stellen eine innerbetriebliche Umverteilung dar, wodurch sich die Gesamtzahl der ausstehenden Cadeler-Aktien oder der Streubesitz nicht ändert. Abgesehen von der Erfüllung der Meldepflichten für Personen mit Führungsverantwortung (PDMRs) enthält die Meldung keine operativen, finanziellen oder strategischen Neuigkeiten.
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 2025
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 x Form 40-F o
Stock Exchange Announcement
CADELER A/S: REPORTING ON TRANSACTIONS IN CADELER A/S SHARES BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
Copenhagen, 1 July 2025: Cadeler A/S (“Cadeler”) has received notification pursuant to article 19 of the Market Abuse Regulation (EU) no. 596/2014 of the below transaction related to shares in Cadeler made by persons discharging managerial responsibilities in Cadeler and/or persons closely associated with them.
Scorpio Holdings Limited and Scorpio Services Holding Limited, each closely associated persons to Emanuele Lauro, Vice-Chairman of the Board of Directors, entered into the intra-group transaction described in the attached notifications on the date set out therein.
Please see the attached files for further details.
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).
For more information, please visit www.cadeler.com
Reporting of transactions made by persons discharging managerial responsibilities and persons closely associated with them in Cadeler A/S’ shares
| 1 | Details of the Reporting Person and their Closely Associated Persons | ||||
| a) | Name | Scorpio Holdings Limited | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Closely associated person to Emanuele Lauro, Vice-Chairman of the Board of Directors | |||
| b) | Initial notification /Amendment | Initial notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Cadeler A/S | |||
| b) | LEI | 9845008439EUED140282 | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
| a) | Description of the financial instrument, type of instrument and identification code |
Shares
ISIN DK0061412772 | |||
| b) | Nature of the transaction | Purchase of shares | |||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
| USD 5.26 | 767,766 | ||||
| d) |
Aggregated information
- Aggregated volume
- Price |
Average price per share: USD 5.26
Total number of shares: 767,766
Total price: USD 4,039,727.39 | |||
| e) | Date of the transaction | 27 June 2025 | |||
| f) | Place of the transaction | Outside a trading venue | |||
Reporting of transactions made by persons discharging managerial responsibilities and persons closely associated with them in Cadeler A/S’ shares
| 1 | Details of the Reporting Person and their Closely Associated Persons | ||||
| a) | Name | Scorpio Services Holding Limited | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Closely associated person to Emanuele Lauro, Vice-Chairman of the Board of Directors | |||
| b) | Initial notification /Amendment | Initial notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Cadeler A/S | |||
| b) | LEI | 9845008439EUED140282 | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
| a) | Description of the financial instrument, type of instrument and identification code |
Shares
ISIN DK0061412772 | |||
| b) | Nature of the transaction | Sale of shares | |||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
| USD 5.26 | 767,766 | ||||
| d) |
Aggregated information
- Aggregated volume
- Price |
Average price per share: USD 5.26
Total number of shares: 767,766
Total price: USD 4,039,727.39 | |||
| e) | Date of the transaction | 27 June 2025 | |||
| f) | Place of the transaction | Outside a trading venue | |||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Date: July 1, 2025 | CADELER A/S | |
| (Registrant) | ||
| By: | /s/ Mikkel Gleerup | |
| Name: | Mikkel Gleerup | |
| Title: | Chief Executive Officer | |
FAQ
How many Cadeler (CDLR) shares were involved in the insider transaction?
What was the transaction price for the Cadeler shares?
Did the insider trade change Cadeler’s total outstanding shares?
Who is the insider associated with the transaction?
Is there any operational or earnings information in this Form 6-K?
