Greenland Energy Company, a Texas corporation, has issued a press release to notify its shareholders and warrant holders of specific disclosure obligations under the UK City Code on Takeovers and Mergers. The notice relates to Greenland Energy's potential offer to acquire 80 Mile PLC, which was announced on September 8, 2026. The disclosure requirements are detailed in Rule 8 of the UK City Code, which mandates that any person holding 1% or more of a relevant security must file an Opening Position Disclosure and a Dealing Disclosure if they trade in those securities during the offer period.
Greenland Energy confirmed that as of the date of the announcement, it has 43,730,194 shares of common stock with a par value of $0.0001 each, with no shares held in treasury. The company also noted that it has 17,500,000 warrants outstanding with a strike price of $5, set to expire on April 29, 2031. These shares and warrants are classified as relevant securities for the purposes of the offer period.
The press release outlines the specific deadlines for these disclosures. Opening Position Disclosures must be made by no later than 3:30 pm (London time) on the 10th business day following the commencement of the offer period. Dealing Disclosures must be filed by no later than 3:30 pm (London time) on the business day following the date of the relevant trade. The text notes that if two or more persons act together to acquire or control an interest in relevant securities, they will be deemed a single person for the purpose of these rules.
Greenland Energy is an exploration-stage oil and gas company focused on the Jameson Land Basin in East Greenland. The company stated that a copy of the announcement will be available on its website by no later than 12 noon (London time) on the business day following the announcement.
