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Copenhagen-based Cadeler A/S (OSE:CADLR / NYSE: CDLR), a leader in offshore wind installation and services, announced on Monday a new share buyback program. The program will repurchase up to NOK 22.5 million (approximately EUR 1.9 million) worth of shares, aligning with the authorization granted by shareholders at the general meeting on April 22, 2025.
The buyback, set to run from May 26, 2025, to June 6, 2025, aims to fulfill obligations to employees under share-based incentive plans. The company may acquire no more than 395,200 shares, each with a nominal value of DKK 1.00, without exceeding either the price of the last independent trade or the highest current independent purchase bid. Daily purchases are capped at 25% of the average daily volume over the past 20 trading days.
An independent lead manager will execute the buyback on behalf of Cadeler, ensuring decisions are made without influence from the company. The program’s implementation adheres to the EU Market Abuse Regulation and the Safe Harbour Rules.
Cadeler will publicly disclose transactions every seven trading days on their investor relations website and through stock exchange announcements. Any amendments or termination of the program will also be communicated.
This share buyback initiative is part of Cadeler’s commitment to its employees and stakeholders, as the company continues to focus on providing offshore wind installation services with an emphasis on safety and environmental responsibility. Cadeler’s fleet and expertise position it to handle complex offshore wind projects, contributing to the global energy transition to renewable resources. Information on the buyback program is based on a press release statement.
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