#United States #Denver #80 Mile PLC #Greenland Energy #Takeover Code

Greenland Energy Company Announces Shareholder Notice

On September 9, 2026, Greenland Energy Company (NASDAQ: GLND) released an official notice to its shareholders and warrant holders, informing them about critical compliance steps related to UK disclosure laws, specifically as they relate to the ongoing potential acquisition of 80 Mile PLC, identified on September 8, 2026. This announcement aligns with the obligations outlined in the UK City Code on Takeovers and Mergers, a framework designed to ensure fair treatment of shareholders during takeover transactions.

Context of the Announcement

Greenland Energy, an exploration-stage oil and gas firm, is focused on resource development in Greenland, primarily in the Jameson Land Basin. Its recent move to acquire 80 Mile PLC underlines its strategic expansion plans. The notice serves as a regulatory requirement under Rule 8 of the City Code, emphasizing the company's commitment to compliance and transparency during the offer period.

Key Requirements Under the UK Code

The UK Takeover Code mandates that any individual or entity holding more than 1% of relevant securities of either the offeree or the offeror must disclose their interest promptly. Specifically, Rule 8.3 indicates that such disclosures must include an Opening Position Disclosure and a Dealing Disclosure should any relevant securities be traded. Here’s a simple breakdown of these rules:

• - Opening Position Disclosure: Required to be shared by any stakeholder interested in 1% or more of the relevant securities within ten business days after the offer period starts. This disclosure outlines interests and any short positions held by the stakeholder.
• - Dealing Disclosure: This must be made by anyone dealing in securities while holding at least 1% of interest – the details must be reported the next business day after the deal occurs.

Given the significance of these regulations, Greenland Energy has been proactive in guiding its shareholders. The company encourages them to reach out to the UK Takeover Panel for clarity on these requirements as needed.

Current Share Structure

As of the announcement date, Greenland Energy affirms that it has:

• - 43,730,194 shares of common stock with a par value of $0.0001, and these are traded under the ticker GLND on Nasdaq.
• - 17,500,000 warrants that will expire on April 29, 2031, priced at $5, traded under ticker GLNDW.

Importance of Transparency

Greenland Energy's decision to keep its shareholders informed aligns with best practices concerning corporate governance. This open communication is pivotal, especially when navigating complex transactions like acquisitions, where stakeholder interests must be carefully managed and respected. The company's actions reflect its understanding of the inherent dynamics of investment and compliance in today's fast-paced market environment.

Forward-Looking Statements

This press release also includes forward-looking statements based on current expectations, estimates, and projections. Risks and uncertainties could lead to actual results varying significantly from these expectations. The company is committed to keeping its shareholders updated on such dynamic factors and will adjust communications as required by prevailing situations and regulations.

For further information and inquiries, shareholders are encouraged to visit Greenland Energy Company's website and the Takeover Panel’s official site for comprehensive resources and guidance.

In conclusion, the meticulous planning surrounding Greenland Energy's acquisition talks and its adherence to UK regulations underscore its commitment not just to growth, but also to ethical governance. By actively engaging with stakeholders and ensuring compliance with takeover codes, Greenland Energy is positioning itself as a transparent player in the oil and gas exploration sector.