6-K: Report of foreign issuer [Rules 13a-16 and 15d-16]
Published on October 1, 2025
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 October 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 October 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.
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 date 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 49.66 | 128 | ||||
| NOK 49.93 | 2,320 | ||||
| NOK 49.97 | 282 | ||||
| NOK 49.98 | 229 | ||||
| NOK 50.01 | 1,190 | ||||
| NOK 50.02 | 1,325 | ||||
| NOK 50.05 | 1,526 | ||||
| NOK 50.15 | 764 | ||||
NOK 50.18 |
211 | ||||
| NOK 50.58 | 1,809 | ||||
NOK 50.60 |
426 | ||||
| d) |
Aggregated information - Aggregated volume - Price |
Average price per share: NOK 50.13 Total number of shares: 10,210 shares Total price: NOK 511,830.47 |
| e) | Date of the transaction | 30 September 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 | |
| Description of the financial instrument, type of instrument and identification code |
Shares
ISIN DK0061412772 | |
| Nature of the transaction | Purchase of shares | |
| Price(s) and volume(s) | Price(s) | Volume(s) | |||
| NOK 49.52 | 645 | ||||
NOK 49.60 |
60 |
||||
| NOK 49.80 | 88 | ||||
| NOK 49.93 | 1,005 | ||||
| NOK 49.94 | 1,000 | ||||
| NOK 49.95 | 640 |
||||
| NOK 50.01 | 2,543 | ||||
| NOK 50.02 | 1,657 | ||||
| NOK 50.05 | 40,815 | ||||
NOK 50.08 |
3,101 |
||||
| NOK 50.10 | 2,235 | ||||
| NOK 50.38 | 589 | ||||
| NOK 50.48 | 1,000 | ||||
| NOK 50.55 | 1,740 | ||||
| NOK 50.58 | 237 | ||||
|
Aggregated information - Aggregated volume Price |
Average price per share: NOK 50.07 Total number of shares: 57,355 shares Total price: NOK 2,871,560.00 | |
| Date of the transaction | 30 September 2025 | |
| Place of the transaction | AQUIS EXCHANGE EUROPE NON DISPLAY ORDER BOOK (NDOB), AQED |
| 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 49.48 | 45 | ||||
| NOK 49.52 | 500 | ||||
| NOK 49.54 | 60 | ||||
| NOK 49.58 | 326 | ||||
| NOK 49.62 | 127 | ||||
| NOK 49.66 | 31 | ||||
| NOK 49.68 | 31 | ||||
| NOK 50.05 | 82 | ||||
| NOK 50.25 | 107 | ||||
| NOK 50.50 | 500 | ||||
| d) |
Aggregated information - Aggregated volume Price |
Average price per share: NOK 49.88 Total number of shares: 1,809 shares Total price: NOK 90,234.21 |
| e) | Date of the transaction | 30 September 2025 |
| f) | Place of the transaction | AQUIS EXCHANGE EUROPE, AQEU |
| 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 49.53 | 764 | ||||
| NOK 49.54 | 25 | ||||
| NOK 49.59 | 462 | ||||
| NOK 49.68 | 11,156 | ||||
| NOK 49.73 | 362 | ||||
| NOK 49.76 | 287 | ||||
| NOK 49.94 | 1,492 | ||||
| NOK 49.95 | 392 | ||||
| NOK 49.97 | 1,428 | ||||
| NOK 49.98 | 864 | ||||
| NOK 50.01 | 3,826 | ||||
| NOK 50.02 | 4,807 | ||||
| NOK 50.03 | 3,832 | ||||
| NOK 50.05 | 2,008 | ||||
| NOK 50.08 | 1,270 | ||||
| NOK 50.10 | 5,481 | ||||
| NOK 50.13 | 764 | ||||
| NOK 50.15 | 461 | ||||
| NOK 50.18 | 4,510 | ||||
| NOK 50.40 | 238 | ||||
| NOK 50.55 | 3,139 | ||||
| NOK 50.58 | 313 | ||||
| NOK 50.60 | 1,318 | ||||
| d) |
Aggregated information - Aggregated volume Price |
Average price per share: NOK 50.00 Total number of shares: 49,199 shares Total price: NOK 2,460,161.33 |
| e) | Date of the transaction | 30 September 2025 |
| f) | Place of the transaction | CBOE EUROPE - DXE PERIODIC (NL), BEUP |
| 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 49.60 | 60 | ||||
| NOK 49.70 | 256 | ||||
| NOK 49.75 | 1,493 | ||||
| NOK 49.78 | 184 | ||||
| NOK 49.79 | 88 | ||||
| NOK 49.80 | 44 | ||||
| NOK 49.93 | 143 | ||||
| NOK 49.94 | 1,608 | ||||
| NOK 49.96 | 521 | ||||
| NOK 49.97 | 2,224 | ||||
| NOK 50.01 | 8,408 | ||||
| NOK 50.02 | 5,108 | ||||
| NOK 50.03 | 2,900 | ||||
| NOK 50.05 | 23,515 | ||||
| NOK 50.08 | 4,278 | ||||
| NOK 50.10 | 2,332 | ||||
| NOK 50.15 | 748 | ||||
| NOK 50.18 | 616 | ||||
| NOK 50.33 | 588 | ||||
| NOK 50.38 | 1,189 | ||||
| NOK 50.40 | 741 | ||||
| NOK 50.55 | 25,247 | ||||
| NOK 50.58 | 3,110 | ||||
| d) |
Aggregated information - Aggregated volume - Price |
Average price per share: NOK 50.21 Total number of shares: 85,401 shares Total price: NOK 4,288,062.58 |
| e) | Date of the transaction | 30 September 2025 |
| f) | Place of the transaction | CBOE EUROPE - DXE DARK ORDER BOOK (NL), CEUD |
| 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 49.48 | 761 | ||||
| NOK 49.52 | 159 | ||||
| NOK 49.54 | 555 | ||||
| NOK 49.56 | 568 | ||||
| NOK 49.58 | 620 | ||||
| NOK 49.60 | 762 | ||||
| NOK 49.62 | 833 | ||||
| NOK 49.64 | 816 | ||||
| NOK 49.66 | 620 | ||||
| NOK 49.68 | 610 | ||||
| NOK 49.82 | 162 | ||||
| NOK 49.84 | 159 | ||||
| NOK 49.86 | 231 | ||||
| NOK 49.88 | 2,953 | ||||
| NOK 49.90 | 171 | ||||
| NOK 50.00 | 1,574 | ||||
| NOK 50.05 | 90 | ||||
| NOK 50.20 | 921 | ||||
| NOK 50.25 | 4,068 | ||||
| NOK 50.45 | 102 | ||||
| NOK 50.50 | 823 | ||||
| d) |
Aggregated information - Aggregated volume Price |
Average price per share: NOK 49.92 Total number of shares: 17,558 shares Total price: NOK 876,545.94 |
| e) | Date of the transaction | 30 September 2025 |
| f) | Place of the transaction | CBOE EUROPE - DXE ORDER BOOKS (NL), CEUX |
| 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 50.05 | 6,275 | ||||
| NOK 50.38 | 5,390 | ||||
NOK 50.55 |
6,680 | ||||
| d) |
Aggregated information - Aggregated volume Price |
Average price per share: NOK 50.33 Total number of shares: 18,345 shares Total price: NOK 923,259 |
| e) | Date of the transaction | 30 September 2025 |
| f) | Place of the transaction | BLOCKMATCH EUROPE DARK, EBLX |
| 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 49.76 | 5,052 | ||||
| NOK 49.78 | 5,052 | ||||
| d) |
Aggregated information - Aggregated volume Price |
Average price per share: NOK 49.77 Total number of shares: 10,104 shares Total price: NOK 502,876.08 |
| e) | Date of the transaction | 30 September 2025 |
| f) | Place of the transaction | HRTEU LIMITED, HREU |
| 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 50.02 | 654 | ||||
| d) |
Aggregated information - Aggregated volume Price |
Average price per share: NOK 50.02 Total number of shares: 654 shares Total price: NOK 32,709.81 |
| e) | Date of the transaction | 30 September 2025 |
| f) | Place of the transaction | TP ICAP EU - MTF - LIQUIDNET EU EQUITY, LNEQ |
| 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 49.60 | 240 | ||||
| d) |
Aggregated information - Aggregated volume Price |
Average price per share: NOK 49.60 Total number of shares: 240 shares Total price: NOK 11,904.00 |
| e) | Date of the transaction | 30 September 2025 |
| f) | Place of the transaction | FIRST NORTH SWEDEN – NORWAY, ONSE |
| 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 49.71 | 54,046 | ||||
| d) |
Aggregated information - Aggregated volume Price |
Average price per share: NOK 49.71 Total number of shares: 54,046 shares Total price: NOK 2,686,626.66 |
| e) | Date of the transaction | 30 September 2025 |
| f) | Place of the transaction | SIGMA X EUROPE NON-DISPLAYED BOOK, SGMU |
| 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 49.46 | 752 | ||||
| NOK 49.60 | 679 | ||||
| NOK 49.66 | 509 | ||||
| NOK 49.71 | 340 | ||||
| NOK 49.72 | 334 | ||||
| NOK 49.73 | 338 | ||||
| NOK 49.75 | 334 | ||||
| NOK 49.76 | 340 | ||||
| NOK 49.94 | 1,522 | ||||
| NOK 49.96 | 2,035 | ||||
| NOK 49.97 | 5,814 | ||||
| NOK 49.98 | 4,499 | ||||
| NOK 50.01 | 4,600 | ||||
| NOK 50.02 | 4,581 | ||||
| NOK 50.05 | 4,804 | ||||
| NOK 50.08 | 2,379 | ||||
| NOK 50.10 | 5,029 | ||||
| NOK 50.55 | 274 | ||||
| d) |
Aggregated information - Aggregated volume Price |
Average price per share: NOK 49.99 Total number of shares: 39,163 shares Total price: NOK 1,957,577.60 |
| e) | Date of the transaction | 30 September 2025 |
| f) | Place of the transaction | SIGMA X EUROPE AUCTION BOOK, SGMV |
| 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 49.94 | 516 | ||||
| NOK 49.97 | 229 |
||||
| NOK 50.55 | 99 | ||||
| NOK 50.58 | 39 | ||||
| d) |
Aggregated information - Aggregated volume Price |
Average price per share: NOK 50.04 Total number of shares: 883 shares Total price: NOK 44,189.05 |
| e) | Date of the transaction | 30 September 2025 |
| f) | Place of the transaction | TURQUOISE EUROPE - LIT AUCTIONS, TQEA |
| 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 49.66 | 30 | ||||
| NOK 49.75 | 42 | ||||
| NOK 49.80 | 108 | ||||
| NOK 49.94 | 1,000 | ||||
| NOK 50.01 | 2,165 | ||||
| NOK 50.02 | 480 | ||||
| NOK 50.05 | 2,696 | ||||
| NOK 50.08 | 602 | ||||
| NOK 50.10 | 529 | ||||
| NOK 50.15 | 640 | ||||
| NOK 50.18 | 616 | ||||
| NOK 50.38 | 164 | ||||
| NOK 50.55 | 502 | ||||
| NOK 50.58 | 882 | ||||
| d) |
Aggregated information - Aggregated volume Price |
Average price per share: NOK 50.11 Total number of shares: 10,456 shares Total price: NOK 523,997.13 |
| e) | Date of the transaction | 30 September 2025 |
| f) | Place of the transaction | TURQUOISE EUROPE – DARK, TQEM |
| 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 49.48 | 248 | ||||
| NOK 49.54 | 106 | ||||
| NOK 49.56 | 191 | ||||
| NOK 49.58 | 310 | ||||
| NOK 49.62 | 62 | ||||
| NOK 49.64 | 248 | ||||
| NOK 49.66 | 236 | ||||
| NOK 49.68 | 234 | ||||
| NOK 49.84 | 72 | ||||
| NOK 50.00 | 240 | ||||
| NOK 50.05 | 361 | ||||
| NOK 50.25 | 452 | ||||
| d) |
Aggregated information - Aggregated volume - Price |
Average price per share: NOK 49.80 Total number of shares: 2,760 shares Total price: NOK 137,459.61 |
| e) | Date of the transaction | 30 September 2025 |
| f) | Place of the transaction | TURQUOISE EUROPE, TQEX |
| 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 49.52 | 201 | ||||
| NOK 49.54 | 398 | ||||
| NOK 49.56 | 330 | ||||
| NOK 49.58 | 2,069 | ||||
| NOK 49.60 | 2,400 | ||||
| NOK 49.62 | 1,750 | ||||
| NOK 49.64 | 700 | ||||
| NOK 49.66 | 700 | ||||
| NOK 49.67 | 130,000 | ||||
| NOK 49.78 | 26,304 | ||||
| NOK 49.80 | 600 | ||||
| NOK 49.84 | 202 | ||||
| NOK 49.88 | 3,976 | ||||
| NOK 49.90 | 12,453 | ||||
| NOK 50.05 | 99 | ||||
| NOK 50.50 | 899 | ||||
| NOK 50.80 | 155,707 | ||||
| d) |
Aggregated information - Aggregated volume Price |
Average price per share: NOK 50.21 Total number of shares: 338,788 shares Total price: NOK 17,010,449.69 |
| e) | Date of the transaction | 30 September 2025 |
| f) | Place of the transaction | Oslo Stock Exchange, XOSL |
| 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 49.68 | 136,806 | ||||
| NOK 50.05 | 15,680 | ||||
| NOK 50.55 | 5,880 |
||||
|
|
| d) |
Aggregated information - Aggregated volume Price |
Average price per share: NOK 49.75 Total number of shares: 158,366 shares Total price: NOK 7,878,540.08 |
| e) | Date of the transaction | 30 September 2025 |
| f) | Place of the transaction | POSIT AUCTION, XPAC |
| 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 49.61 | 324 | ||||
| NOK 49.68 | 452,870 | ||||
| NOK 50.02 | 4,224 | ||||
| NOK 50.04 | 1,960 | ||||
| NOK 50.05 | 42,140 | ||||
| NOK 50.08 | 11,903 | ||||
| NOK 50.10 | 33,320 | ||||
| NOK 50.15 | 2,940 | ||||
| NOK 50.18 | 1,402 | ||||
| NOK 50.28 | 1,490 | ||||
| NOK 50.55 | 34,300 | ||||
| d) |
Aggregated information - Aggregated volume Price |
Average price per share: NOK 49.80 Total number of shares: 586,873 shares Total price: NOK 29,225,039.83 |
| e) | Date of the transaction | 30 September 2025 |
| f) | Place of the transaction | POSIT DARK, XPOS |
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: October 1, 2025 | CADELER A/S | |
| (Registrant) | ||
| By: | /s/ Mikkel Gleerup | |
| Name: | Mikkel Gleerup | |
| Title: | Chief Executive Officer | |