April 1, 2025 - 6-K: Report of foreign issuer [Rules 13a-16 and 15d-16]

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 April 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 ¨

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, April 1, 2025: Cadeler A/S (“Cadeler”) has received notification pursuant to article 19 of the Market Abuse Regulation (EU) no. 596/2014 of the below transactions related to shares in Cadeler made by persons discharging managerial responsibilities in Cadeler and/or persons closely associated with them.

BW Altor Pte. Ltd., a person closely associated with Andreas Sohmen-Pao, Chairman of the Board of Directors, has made the transactions described in the attached notification on the dates set out therein.

Please see the attached file 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	BW Altor Pte. Ltd.
2	Reason for the notification
a)	Position/status	Closely associated person to Andreas Sohmen-Pao, 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
4.1	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)
			NOK 53.00	5,085
			NOK 53.70	184

d)	Aggregated information - Aggregated volume - Price	Average price per share: NOK 53.02 Total number of shares: 5,269 shares Total price: NOK 279,385.80
e)	Date of the transaction	27 March 2025
f)	Place of the transaction	AQUIS EXCHANGE EUROPE AUCTION ON DEMAND (AOD), AQEA

4.2	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)
			NOK 52.80	781
			NOK 53.00	3,176
			NOK 53.80	210
			NOK 53.90	114
			NOK 54.00	544

d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 53.14 Total number of shares: 4,825 shares Total price: NOK 256,383.40
e)	Date of the transaction	27 March 2025
f)	Place of the transaction	AQUIS EXCHANGE EUROPE, AQEU
4.3	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)
			NOK 52.40	528
			NOK 52.50	162
			NOK 52.70	324
			NOK 52.75	527
			NOK 52.80	332
			NOK 52.85	698
			NOK 52.90	1,236
			NOK 52.95	4,456
			NOK 53.00	30,878
			NOK 53.05	2,177
			NOK 53.10	552
			NOK 53.25	2,187
			NOK 53.30	376
			NOK 53.40	208
			NOK 53.45	184
			NOK 53.50	624
			NOK 53.65	1,164
			NOK 53.75	2,710
			NOK 53.80	214
			NOK 53.85	67

d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 53.06 Total number of shares: 49,604 shares Total price: NOK 2,632,186.60
e)	Date of the transaction	27 March 2025
f)	Place of the transaction	CBOE EUROPE - DXE PERIODIC (NL), BEUP
4.4	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)
			NOK 52.80	983
			NOK 52.90	1,977
			NOK 53.00	4,790
			NOK 53.80	1,260
			NOK 53.90	3,541
			NOK 54.00	4,231

d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 53.48 Total number of shares: 16,782 shares Total price: NOK 897,477.60
e)	Date of the transaction	27 March 2025
f)	Place of the transaction	CBOE EUROPE - DXE ORDER BOOKS (NL), CEUX

4.5	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)
			NOK 52.90	218

d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 52.90 Total number of shares: 218 shares Total price: NOK 11,532.20
e)	Date of the transaction	27 March 2025
f)	Place of the transaction	CITADEL CONNECT EUROPE – EU, EUCC

4.6	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)
			NOK 52.40	578
			NOK 52.70	457
			NOK 52.85	661
			NOK 52.90	2,142
			NOK 52.95	1,175
			NOK 53.00	3,946
			NOK 53.10	953
			NOK 53.45	778

d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 52.96 Total number of shares: 10,690 shares Total price: NOK 566,159.40

e)	Date of the transaction	27 March 2025
f)	Place of the transaction	GOLDMAN SACHS BANK EUROPE SE - SYSTEMATIC INTERNALISER, GSEI
4.7	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)
			NOK 53.80	3,955

d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 53.80 Total number of shares: 3,955 shares Total price: NOK 212,779.00
e)	Date of the transaction	27 March 2025
f)	Place of the transaction	JANE STREET NETHERLANDS B.V., JNSI

4.8	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)
			NOK 52.90	776,478
			NOK 53.00	573,570

d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 52.94 Total number of shares: 1,350,048 shares Total price: NOK 71,474,896.20
e)	Date of the transaction	27 March 2025

f)	Place of the transaction	CBOE EUROPE - LIS SERVICE (NL), LISZ
4.9	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)
			NOK 52.50	3,406
			NOK 52.70	688
			NOK 52.75	1,440
			NOK 52.80	655
			NOK 52.85	3,909
			NOK 52.90	599
			NOK 52.95	5,514
			NOK 53.00	2,174
			NOK 53.05	841
			NOK 53.10	3,958
			NOK 53.50	1,459
			NOK 53.60	7,018
			NOK 53.75	3,149
			NOK 53.80	5,430
			NOK 53.85	751
			NOK 54.00	1,351

d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 53.25 Total number of shares: 42,342 shares Total price: NOK 2,254,876.90
e)	Date of the transaction	27 March 2025
f)	Place of the transaction	MORGAN STANLEY EUROPE S.E. - SYSTEMATIC INTERNALISER, MESI

4.10	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)
			NOK 52.95	7,069
			NOK 53.00	1,534
			NOK 53.30	320

d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 52.97 Total number of shares: 8,923 shares Total price: NOK 472,661.55
e)	Date of the transaction	27 March 2025
f)	Place of the transaction	SIGMA X EUROPE AUCTION BOOK, SGMV
4.11	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)
			NOK 52.75	100
			NOK 53.00	1,500
			NOK 53.40	588
			NOK 53.80	599

d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 53.25 Total number of shares: 2,787 shares Total price: NOK 148,400.40
e)	Date of the transaction	27 March 2025
f)	Place of the transaction	TURQUOISE EUROPE - LIT AUCTIONS, TQEA

4.12	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)
			NOK 52.80	608
			NOK 53.00	2,005
			NOK 53.80	1,039
			NOK 53.90	905
			NOK 54.00	593

d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 53.41 Total number of shares: 5,150 shares Total price: NOK 275,067.10
e)	Date of the transaction	27 March 2025
f)	Place of the transaction	TURQUOISE EUROPE, TQEX

4.13	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)
			NOK 53.00	907
			NOK 54.00	893

d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 53.50 Total number of shares: 1,800 shares Total price: NOK 96,293.00
e)	Date of the transaction	27 March 2025

f)	Place of the transaction	DNB BANK ASA, XDNB
4.14	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)
			NOK 52.80	1,703
			NOK 52.90	5,055
			NOK 53.00	7,935
			NOK 53.80	1,200
			NOK 53.90	1,287
			NOK 54.00	75,132

d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 53.83 Total number of shares: 92,312 shares Total price: NOK 4,968,940.20
e)	Date of the transaction	27 March 2025
f)	Place of the transaction	Oslo Stock Exchange, XOSL

4.15	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)
			NOK 52.95	2,701

d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 52.95 Total number of shares: 2,701 shares Total price: NOK 143,017.95

e)	Date of the transaction	27 March 2025
f)	Place of the transaction	POSIT AUCTION, XPAC
4.16	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)
			NOK 54.00	4,321

d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 54.00 Total number of shares: 4,321 shares Total price: NOK 233,334.00
e)	Date of the transaction	27 March 2025
f)	Place of the transaction	XTX MARKETS SAS, XTXE

4.17	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)
			NOK 53.80	1,069

d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 53.80 Total number of shares: 1,069 shares Total price: NOK 57,512.20
e)	Date of the transaction	28 March 2025

f)	Place of the transaction	AQUIS EXCHANGE EUROPE AUCTION ON DEMAND (AOD), AQEA
4.18	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)
			NOK 53.90	239
			NOK 54.00	1,402

d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 53.99 Total number of shares: 1,641 shares Total price: NOK 88,590.10
e)	Date of the transaction	28 March 2025
f)	Place of the transaction	AQUIS EXCHANGE EUROPE, AQEU
4.19	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)
			NOK 53.55	1,186
			NOK 53.65	3,336
			NOK 53.70	397
			NOK 53.75	2,339
			NOK 53.80	70,301
			NOK 53.85	1,032
			NOK 53.90	8,976
			NOK 53.95	2,002
			NOK 54.00	7,675

d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 53.82 Total number of shares: 97,244 shares Total price: NOK 5,233,558.15
e)	Date of the transaction	28 March 2025
f)	Place of the transaction	CBOE EUROPE - DXE PERIODIC (NL), BEUP
4.20	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)
			NOK 53.90	1,284
			NOK 54.00	2,607

d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 53.97 Total number of shares: 3,891 shares Total price: NOK 209,985.60
e)	Date of the transaction	28 March 2025
f)	Place of the transaction	CBOE EUROPE - DXE ORDER BOOKS (NL), CEUX

4.21	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)
			NOK 53.80	2,244

d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 53.80 Total number of shares: 2,244 shares Total price: NOK 120,727.20
e)	Date of the transaction	28 March 2025
f)	Place of the transaction	JANE STREET NETHERLANDS B.V., JNSI
4.22	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)
			NOK 53.60	1,170
			NOK 53.80	2,315
			NOK 53.85	782
			NOK 53.90	5,883
			NOK 53.95	1,891
			NOK 54.00	12,988
			NOK 54.10	1,745

d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 53.94 Total number of shares: 26,774 shares Total price: NOK 1,444,239.35
e)	Date of the transaction	28 March 2025
f)	Place of the transaction	MORGAN STANLEY EUROPE S.E. - SYSTEMATIC INTERNALISER, MESI
4.23	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)
			NOK 53.75	41
			NOK 53.80	627
			NOK 53.90	5,281
			NOK 54.00	300

d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 53.89 Total number of shares: 6,249 shares Total price: NOK 336,782.25
e)	Date of the transaction	28 March 2025
f)	Place of the transaction	SIGMA X EUROPE AUCTION BOOK, SGMV
4.24	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)
			NOK 53.70	94
			NOK 53.90	300
			NOK 54.00	2,447

d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 53.98 Total number of shares: 2,841 shares Total price: NOK 153,355.80
e)	Date of the transaction	28 March 2025
f)	Place of the transaction	TURQUOISE EUROPE - LIT AUCTIONS, TQEA
4.25	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)
			NOK 53.90	430
			NOK 54.00	107

d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 53.92 Total number of shares: 537 shares Total price: NOK 28,955.00
e)	Date of the transaction	28 March 2025
f)	Place of the transaction	TURQUOISE EUROPE, TQEX
4.26	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)
			NOK 53.90	892
			NOK 54.00	892

d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 53.95 Total number of shares: 1,784 shares Total price: NOK 96,246.80
e)	Date of the transaction	28 March 2025
f)	Place of the transaction	DNB BANK ASA, XDNB
4.27	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)
			NOK 53.90	198
			NOK 54.00	1,800

d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 53.99 Total number of shares: 1,998 shares Total price: NOK 107,872.20
e)	Date of the transaction	28 March 2025
f)	Place of the transaction	Oslo Stock Exchange, XOSL
4.28	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)
			NOK 53.75	544
			NOK 53.80	1,662
			NOK 53.90	4,480

d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 53.86 Total number of shares: 6,686 shares Total price: NOK 360,127.60
e)	Date of the transaction	28 March 2025
f)	Place of the transaction	POSIT AUCTION, XPAC
4.29	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)
			NOK 53.80	11,712
			NOK 53.90	8,333

d)	Aggregated information - Aggregated volume Price	Average price per share: NOK 53.84 Total number of shares: 20,045 shares Total price: NOK 1,079,254.30
e)	Date of the transaction	28 March 2025
f)	Place of the transaction	XTX MARKETS SAS, XTXE

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: April 1, 2025	CADELER A/S
	(Registrant)

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