STOCK TITAN

Cadeler (NYSE: CDLR) completes NOK 6.6M share buy-back for incentives

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Cadeler A/S has completed and early-terminated its share buy-back programme after reaching the maximum number of shares to be repurchased. On 27 May 2026, the company bought 105,275 of its own shares on the Oslo Stock Exchange at a weighted average price of NOK 62.66, for a total of NOK 6,596,058 (EUR 610,916). The programme, initiated on 27 May 2026, was designed to meet obligations under employee share-based incentive schemes and was conducted under EU Safe Harbour Rules. After these transactions, Cadeler holds 169,267 treasury shares with nominal value DKK 1.00 each, representing less than 0.1% of its total share capital and voting rights.

Positive

  • None.

Negative

  • None.
Shares repurchased 105,275 shares Repurchased on 27 May 2026 under buy-back programme
Average purchase price NOK 62.66 per share Weighted average price for 27 May 2026 repurchases
Total buy-back value NOK 6,596,058 Aggregate transaction value for repurchases on 27 May 2026
Total buy-back value (EUR) EUR 610,916 Converted using NOK/EUR rate on 27 May 2026
Programme size NOK 7.6 million Maximum size of share buy-back programme initiated 27 May 2026
Treasury shares after programme 169,267 shares Held in treasury after completion; less than 0.1% of capital
share buy-back programme financial
"Cadeler confirms that it has completed the share buy-back programme it announced on 27 May 2026"
A share buy-back programme is when a company purchases its own shares from the market. This reduces the total number of shares available, which can increase the value of remaining shares and signal confidence in the company's future. For investors, it can be a sign that the company believes its stock is undervalued and may lead to higher share prices.
treasury shares financial
"Following the conclusion of the Programme Cadeler holds a total of 169,267 shares in treasury"
Treasury shares are a company’s own stock that it has repurchased and keeps on its books instead of canceling or leaving in the hands of outside investors. Think of them like coupons a business puts back in a drawer: they don’t vote or receive dividends while held, but they can be reissued later for employee pay or fundraising. For investors this matters because buybacks change the number of shares that count toward earnings and ownership, can boost per‑share metrics, and use corporate cash that might otherwise go to growth or dividends.
share-based incentive programmes financial
"to enable Cadeler to meet its obligations to its employees arising from certain of Cadeler’s share-based incentive programmes"
Market Abuse Regulation regulatory
"in accordance with Article 5 of Regulation (EU) no. 596/2014 ... (the “Market Abuse Regulation”)"
Market abuse regulation consists of laws and rules designed to prevent dishonest or manipulative practices in financial markets. It aims to ensure fair and transparent trading, so investors can trust that markets operate honestly, much like rules that keep a game fair. By reducing unfair advantages, it helps protect investor confidence and promotes healthy, efficient markets.
Safe Harbour Rules regulatory
"together with the Market Abuse Regulation, the “Safe Harbour Rules”"
jack-up offshore wind installation vessels technical
"The company owns and operates the industry’s largest fleet of jack-up offshore wind installation vessels"

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 May 2026

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: COMPLETION OF SHARE BUY-BACK PROGRAMME AND DISCLOSURE OF REPURCHASE TRANSACTIONS MADE UNDER THE SHARE BUY-BACK PROGRAMME

Copenhagen, 28 May 2026: Cadeler A/S (OSE: CADLR, NYSE: CDLR) (“Cadeler”) today confirms that it has completed the share buy-back programme it announced on 27 May 2026 in advance of the programme’s anticipated termination date of 5 June 2026, 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.

On 27 May 2026, Cadeler repurchased 105,275 of its own shares at an average price per share of NOK 49.92, corresponding to an aggregate purchase price before commission of NOK 6,596,058, or approximately EUR 0.6 million.

On 27 May 2026, Cadeler initiated a share buy-back programme of up to NOK 7.6 million (approx. EUR 0.7 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 Cadeler’s stock exchange announcement dated 27 May 2026.

The following transactions were made under the Programme on 27 May 2026:

Date
Trading Venue
Number of shares
Weighted average purchase price, NOK
Transaction value, NOK (EUR)1
27 May 2026
XOSL
105,275
62.66
6,596,058 (EUR 610,916)
Accumulated under the Programme

105,275
62.66
6,596,058 (EUR 610,916)
1 EUR figures presented based on the prevailing NOK/EUR exchange rate on 27 May 2026.

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 169,267 shares in treasury, each with a nominal value of DKK 1.00 and corresponding in the aggregate to less than 0.1% of Cadeler’s total share capital and voting rights of Cadeler.




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 A/S (Cadeler) is a pure-play offshore wind installation partner and 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.







Appendix: Disclosure of transaction data under the share repurchase programme for Cadeler A/S on 27 May 2026

This document discloses the transactions made under the share repurchase programme for Cadeler A/S on 27 May 2026 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
Weighted average purchase price, NOK
Transaction value, NOK (EUR)1
27 May 2026
XOSL
105,275
62.66
6,596,058 (EUR 610,916)
Accumulated under the Programme

105,275
62.66
6,596,058 (EUR 610,916)
1 EUR figures presented based on the prevailing NOK/EUR exchange rate on 27 May 2026.





Trade Date and TimeExchangeQuantityPriceCurrency Total Value (NOK)
5/27/2026 9:00XOSL1236 63.90 NOK78,980
5/27/2026 9:03XOSL1203 63.95 NOK76,932
5/27/2026 9:03XOSL596 63.95 NOK38,114
5/27/2026 9:04XOSL256 63.55 NOK16,269
5/27/2026 9:04XOSL325 63.55 NOK20,654
5/27/2026 9:09XOSL1726 63.65 NOK109,860
5/27/2026 9:09XOSL1780 63.60 NOK113,208
5/27/2026 9:09XOSL882 63.55 NOK56,051
5/27/2026 9:20XOSL672 63.75 NOK42,840
5/27/2026 9:21XOSL1566 63.65 NOK99,676
5/27/2026 9:21XOSL787 63.60 NOK50,053
5/27/2026 9:28XOSL200 63.50 NOK12,700
5/27/2026 9:28XOSL370 63.50 NOK23,495
5/27/2026 9:29XOSL835 63.40 NOK52,939
5/27/2026 9:29XOSL571 63.40 NOK36,201
5/27/2026 9:29XOSL217 63.40 NOK13,758
5/27/2026 9:34XOSL518 63.55 NOK32,919
5/27/2026 9:34XOSL128 63.55 NOK8,134
5/27/2026 9:35XOSL731 63.30 NOK46,272
5/27/2026 9:35XOSL746 63.30 NOK47,222
5/27/2026 9:35XOSL734 63.20 NOK46,389
5/27/2026 9:35XOSL887 63.20 NOK56,058
5/27/2026 9:46XOSL578 63.10 NOK36,472
5/27/2026 9:46XOSL592 63.10 NOK37,355
5/27/2026 10:00XOSL83 63.05 NOK5,233
5/27/2026 10:00XOSL482 63.05 NOK30,390
5/27/2026 10:00XOSL545 63.05 NOK34,362
5/27/2026 10:00XOSL565 63.05 NOK35,623
5/27/2026 10:00XOSL401 63.05 NOK25,283
5/27/2026 10:00XOSL545 63.05 NOK34,362
5/27/2026 10:00XOSL565 63.05 NOK35,623
5/27/2026 10:00XOSL545 63.05 NOK34,362
5/27/2026 10:00XOSL278 63.05 NOK17,528
5/27/2026 10:00XOSL738 63.05 NOK46,531
5/27/2026 10:00XOSL500 63.05 NOK31,525
5/27/2026 10:00XOSL45 63.05 NOK2,837
5/27/2026 10:00XOSL275 63.05 NOK17,339
5/27/2026 10:01XOSL152 62.95 NOK9,568
5/27/2026 10:01XOSL532 62.95 NOK33,489
5/27/2026 10:08XOSL634 63.05 NOK39,974
5/27/2026 10:10XOSL666 63.00 NOK41,958
5/27/2026 10:10XOSL658 62.95 NOK41,421
5/27/2026 10:10XOSL585 62.95 NOK36,826
5/27/2026 10:22XOSL649 62.85 NOK40,790
5/27/2026 10:24XOSL616 62.70 NOK38,623
5/27/2026 10:24XOSL590 62.70 NOK36,993
5/27/2026 10:30XOSL100 62.95 NOK6,295



Trade Date and TimeExchangeQuantityPriceCurrency Total Value (NOK)
5/27/2026 10:30XOSL515 62.95 NOK32,419
5/27/2026 10:32XOSL679 62.95 NOK42,743
5/27/2026 10:35XOSL75 62.95 NOK4,721
5/27/2026 10:35XOSL260 62.95 NOK16,367
5/27/2026 10:35XOSL83 62.95 NOK5,225
5/27/2026 10:35XOSL262 62.95 NOK16,493
5/27/2026 10:37XOSL1000 62.85 NOK62,850
5/27/2026 10:37XOSL761 62.85 NOK47,829
5/27/2026 10:37XOSL582 62.80 NOK36,550
5/27/2026 10:46XOSL525 62.75 NOK32,944
5/27/2026 10:46XOSL84 62.75 NOK5,271
5/27/2026 10:50XOSL16 62.80 NOK1,005
5/27/2026 10:50XOSL151 62.80 NOK9,483
5/27/2026 10:51XOSL603 62.80 NOK37,868
5/27/2026 10:54XOSL639 62.75 NOK40,097
5/27/2026 10:54XOSL612 62.75 NOK38,403
5/27/2026 10:55XOSL601 62.70 NOK37,683
5/27/2026 10:55XOSL609 62.65 NOK38,154
5/27/2026 10:55XOSL433 62.65 NOK27,127
5/27/2026 10:55XOSL129 62.65 NOK8,082
5/27/2026 11:07XOSL637 62.60 NOK39,876
5/27/2026 11:07XOSL619 62.60 NOK38,749
5/27/2026 11:10XOSL664 62.55 NOK41,533
5/27/2026 11:17XOSL617 62.60 NOK38,624
5/27/2026 11:17XOSL652 62.50 NOK40,750
5/27/2026 11:17XOSL641 62.45 NOK40,030
5/27/2026 11:17XOSL596 62.40 NOK37,190
5/27/2026 11:29XOSL640 62.55 NOK40,032
5/27/2026 11:32XOSL638 62.55 NOK39,907
5/27/2026 11:36XOSL590 62.65 NOK36,964
5/27/2026 11:38XOSL635 62.70 NOK39,815
5/27/2026 11:42XOSL618 62.70 NOK38,749
5/27/2026 11:45XOSL617 62.70 NOK38,686
5/27/2026 11:48XOSL664 62.70 NOK41,633
5/27/2026 11:51XOSL594 62.70 NOK37,244
5/27/2026 11:53XOSL622 62.65 NOK38,968
5/27/2026 12:19XOSL564 62.65 NOK35,335
5/27/2026 12:19XOSL824 62.65 NOK51,624
5/27/2026 12:19XOSL824 62.65 NOK51,624
5/27/2026 12:19XOSL922 62.65 NOK57,763
5/27/2026 12:19XOSL439 62.65 NOK27,503
5/27/2026 12:19XOSL215 62.65 NOK13,470
5/27/2026 12:19XOSL170 62.65 NOK10,651
5/27/2026 12:19XOSL199 62.65 NOK12,467
5/27/2026 12:19XOSL259 62.65 NOK16,226
5/27/2026 12:20XOSL566 62.55 NOK35,403
5/27/2026 12:25XOSL524 62.60 NOK32,802
5/27/2026 12:28XOSL593 62.65 NOK37,151



Trade Date and TimeExchangeQuantityPriceCurrency Total Value (NOK)
5/27/2026 12:28XOSL677 62.65 NOK42,414
5/27/2026 12:28XOSL654 62.60 NOK40,940
5/27/2026 12:28XOSL41 62.60 NOK2,567
5/27/2026 12:38XOSL586 62.45 NOK36,596
5/27/2026 12:38XOSL610 62.45 NOK38,095
5/27/2026 12:38XOSL633 62.40 NOK39,499
5/27/2026 12:58XOSL678 62.45 NOK42,341
5/27/2026 12:59XOSL1698 62.45 NOK106,040
5/27/2026 13:07XOSL1262 62.55 NOK78,938
5/27/2026 13:10XOSL586 62.55 NOK36,654
5/27/2026 13:12XOSL583 62.60 NOK36,496
5/27/2026 13:16XOSL610 62.70 NOK38,247
5/27/2026 13:20XOSL128 62.70 NOK8,026
5/27/2026 13:20XOSL470 62.70 NOK29,469
5/27/2026 13:25XOSL346 62.75 NOK21,712
5/27/2026 13:25XOSL47 62.75 NOK2,949
5/27/2026 13:25XOSL16 62.75 NOK1,004
5/27/2026 13:26XOSL297 62.75 NOK18,637
5/27/2026 13:26XOSL206 62.75 NOK12,927
5/27/2026 13:26XOSL59 62.75 NOK3,702
5/27/2026 13:29XOSL344 62.75 NOK21,586
5/27/2026 13:29XOSL917 62.65 NOK57,450
5/27/2026 13:36XOSL589 62.65 NOK36,901
5/27/2026 13:36XOSL35 62.60 NOK2,191
5/27/2026 13:36XOSL546 62.60 NOK34,180
5/27/2026 13:43XOSL582 62.70 NOK36,491
5/27/2026 13:46XOSL615 62.65 NOK38,530
5/27/2026 13:48XOSL574 62.60 NOK35,932
5/27/2026 13:48XOSL589 62.55 NOK36,842
5/27/2026 13:48XOSL563 62.55 NOK35,216
5/27/2026 13:48XOSL566 62.55 NOK35,403
5/27/2026 14:00XOSL575 62.55 NOK35,966
5/27/2026 14:05XOSL572 62.60 NOK35,807
5/27/2026 14:08XOSL52 62.60 NOK3,255
5/27/2026 14:08XOSL32 62.60 NOK2,003
5/27/2026 14:08XOSL362 62.60 NOK22,661
5/27/2026 14:08XOSL161 62.60 NOK10,079
5/27/2026 14:11XOSL670 62.55 NOK41,909
5/27/2026 14:11XOSL577 62.50 NOK36,063
5/27/2026 14:13XOSL570 62.40 NOK35,568
5/27/2026 14:13XOSL174 62.40 NOK10,858
5/27/2026 14:22XOSL567 62.60 NOK35,494
5/27/2026 14:23XOSL616 62.45 NOK38,469
5/27/2026 14:23XOSL646 62.40 NOK40,310
5/27/2026 14:32XOSL597 62.60 NOK37,372
5/27/2026 14:34XOSL623 62.50 NOK38,938
5/27/2026 14:34XOSL616 62.50 NOK38,500
5/27/2026 14:34XOSL643 62.45 NOK40,155



Trade Date and TimeExchangeQuantityPriceCurrency Total Value (NOK)
5/27/2026 14:34XOSL572 62.45 NOK35,721
5/27/2026 14:47XOSL676 62.55 NOK42,284
5/27/2026 14:47XOSL590 62.45 NOK36,846
5/27/2026 14:47XOSL562 62.45 NOK35,097
5/27/2026 14:49XOSL91 62.35 NOK5,674
5/27/2026 14:49XOSL562 62.35 NOK35,041
5/27/2026 14:49XOSL393 62.35 NOK24,504
5/27/2026 14:49XOSL562 62.35 NOK35,041
5/27/2026 14:49XOSL79 62.35 NOK4,926
5/27/2026 14:57XOSL655 62.25 NOK40,774
5/27/2026 15:05XOSL620 62.25 NOK38,595
5/27/2026 15:05XOSL620 62.25 NOK38,595
5/27/2026 15:05XOSL655 62.20 NOK40,741
5/27/2026 15:05XOSL673 62.20 NOK41,861
5/27/2026 15:15XOSL600 62.05 NOK37,230
5/27/2026 15:18XOSL598 62.00 NOK37,076
5/27/2026 15:21XOSL585 62.00 NOK36,270
5/27/2026 15:26XOSL613 62.00 NOK38,006
5/27/2026 15:26XOSL583 61.95 NOK36,117
5/27/2026 15:30XOSL659 61.85 NOK40,759
5/27/2026 15:30XOSL653 61.85 NOK40,388
5/27/2026 15:33XOSL731 61.85 NOK45,212
5/27/2026 15:33XOSL61.80 NOK433
5/27/2026 15:33XOSL764 61.80 NOK47,215
5/27/2026 15:33XOSL738 61.80 NOK45,608
5/27/2026 15:36XOSL811 61.45 NOK49,836
5/27/2026 15:36XOSL61.40 NOK246
5/27/2026 15:36XOSL164 61.40 NOK10,070
5/27/2026 15:36XOSL20 61.40 NOK1,228
5/27/2026 15:36XOSL20 61.40 NOK1,228
5/27/2026 15:36XOSL20 61.40 NOK1,228
5/27/2026 15:36XOSL20 61.40 NOK1,228
5/27/2026 15:36XOSL20 61.40 NOK1,228
5/27/2026 15:36XOSL160 61.40 NOK9,824
5/27/2026 15:36XOSL80 61.40 NOK4,912
5/27/2026 15:36XOSL242 61.40 NOK14,859
5/27/2026 15:42XOSL30 61.30 NOK1,839
5/27/2026 15:42XOSL569 61.30 NOK34,880
5/27/2026 15:42XOSL591 61.30 NOK36,228
5/27/2026 15:52XOSL513 61.90 NOK31,755
5/27/2026 15:52XOSL54 61.90 NOK3,343
5/27/2026 15:53XOSL627 61.90 NOK38,811
5/27/2026 15:54XOSL1071 61.95 NOK66,348
5/27/2026 15:54XOSL382 61.95 NOK23,665
5/27/2026 15:54XOSL382 61.95 NOK23,665
5/27/2026 15:54XOSL589 61.95 NOK36,489
5/27/2026 15:54XOSL382 61.95 NOK23,665
5/27/2026 15:54XOSL100 61.95 NOK6,195



Trade Date and TimeExchangeQuantityPriceCurrency Total Value (NOK)
5/27/2026 15:54XOSL43 61.95 NOK2,664
5/27/2026 16:01XOSL1261 62.30 NOK78,560
5/27/2026 16:01XOSL694 62.25 NOK43,202
5/27/2026 16:01XOSL613 62.25 NOK38,159
5/27/2026 16:01XOSL637 62.25 NOK39,653
5/27/2026 16:06XOSL604 61.95 NOK37,418
5/27/2026 16:06XOSL597 61.95 NOK36,984
5/27/2026 16:06XOSL636 61.90 NOK39,368
5/27/2026 16:07XOSL621 61.75 NOK38,347
5/27/2026 16:12XOSL1070 61.65 NOK65,966



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: May 28, 2026                    CADELER A/S
(Registrant)


By: /s/ Mikkel Gleerup        
Name:     Mikkel Gleerup
Title:    Chief Executive Officer


FAQ

What did Cadeler (CDLR) announce in this Form 6-K filing?

Cadeler announced it has completed and early-terminated its share buy-back programme. The company repurchased 105,275 shares on 27 May 2026 to satisfy obligations under employee share-based incentive programmes, in line with EU Safe Harbour Rules for buy-backs and market stabilisation measures.

How many Cadeler shares were repurchased and at what price?

Cadeler repurchased 105,275 shares on 27 May 2026. The weighted average purchase price was NOK 62.66 per share, giving a total transaction value of NOK 6,596,058, which corresponds to approximately EUR 610,916 based on the prevailing NOK/EUR exchange rate that day.

What was the size of Cadeler’s share buy-back programme?

The programme allowed repurchases of up to NOK 7.6 million, approximately EUR 0.7 million. It was launched on 27 May 2026 specifically to meet obligations to employees under Cadeler’s share-based incentive programmes, and it reached its maximum number of shares earlier than expected.

Why did Cadeler conduct this share buy-back programme?

Cadeler carried out the buy-back to meet obligations to employees from certain share-based incentive programmes. Using repurchased shares for these incentives aligns with Article 5 of the EU Market Abuse Regulation and related Safe Harbour Rules governing compliant buy-back and stabilisation activity.

How many Cadeler treasury shares are held after the programme?

Following completion of the buy-back, Cadeler holds 169,267 treasury shares. Each has a nominal value of DKK 1.00, and together they represent less than 0.1% of the company’s total share capital and voting rights, indicating a very small proportion of overall equity.

On which exchange were Cadeler’s buy-back trades executed?

All repurchase transactions under the programme on 27 May 2026 were executed on the Oslo Stock Exchange, identified as XOSL. Detailed trade data, including time, quantity, price and total value in NOK, is provided in the attached transaction appendix to the announcement.