Cadeler A/S Sponsored ADR (CDLR) has released an update.
Cadeler A/S, a leading supplier in offshore wind support services, has announced a share buy-back program valued at up to NOK 16.5 million (approximately EUR 1.45 million) to fulfill obligations related to its share-based incentive programs for employees. The buy-back is set to occur from July 1 to July 12, 2024, adhering to Safe Harbour Rules, with the possibility of an earlier conclusion if the maximum shares or amount is reached. The independent lead manager will conduct the repurchases without influence from Cadeler, ensuring compliance with set trading restrictions.
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