Brief: Cadeler: Andreas Sohmen-Pao Proposed As New Chairman

Cadeler A/S

06/04/2021 06:20

April 6 (Reuters) - Cadeler A/S  CADLR.OL :
    * NOMINATION OF NEW CHAIRMAN AND EXPECTED TRANSFER OF SHARES FROM SWIRE TO BW WIND SERVICES 
    * TO ANNOUNCE NOMINATION OF ANDREAS SOHMEN-PAO AS NEW CHAIRMAN OF BOARD OF DIRECTORS FOR
ELECTION
    * ANDREAS SOHMEN-PAO IS CURRENTLY CHAIRMAN OF ONE OF COMPANY'S MAJOR SHAREHOLDERS, BW GROUP
    * SOHMEN-PAO IS ALSO CHAIRMAN OF SINGAPORE MARITIME FOUNDATION AND A TRUSTEE OF LLOYD'S
REGISTER
FOUNDATION.
    * LARGEST SHAREHOLDERS, SPO AND BW WIND SERVICES, ARE IN PRELIMINARY DISCUSSIONS ON SALE OF
SHARES
IN NEAR TERM FROM SPO TO BW WIND SERVICES
    * ANY TRANSFER OF SHARES WILL ENTAIL THAT BW WIND SERVICES WILL HAVE BELOW 1/3 OF TOTAL
SHARE
CAPITAL AND VOTING RIGHTS IN COMPANY
    * BW WIND SERVICES WILL THEREFORE NOT OBTAIN CONTROL OVER COMPANY
    * CHANGE OF CONTROL PROVISION IN COMPANY'S DEBT FACILITY WILL NOT BE TRIGGERED FROM
CONTEMPLATED
TRANSFER OF SHARES.
    * ANY TRANSFER OF SHARES WILL ENTAIL THAT BW WIND SERVICES WILL HAVE A TOTAL HOLDING OF
SHARES IN
CO BELOW 1/3 OF TOTAL SHARE CAPITAL

Source text for Eikon:  ID:nObiH7L3Qa 
Further company coverage:  CADLR.OL 

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