Denver – September 15, 2026 -- Greenland Energy Company (NASDAQ: GLND) has confirmed it holds 43,730,194 shares of common stock outstanding, with no treasury shares, as it moves forward with a potential offer for London-listed 80 Mile PLC (AIM: 80M).
Greenland Energy discloses full capital structure under UK takeover rules
The exploration-stage oil and gas company, based in Denver, issued the disclosure on September 9, 2026, one day after announcing its potential offer for 80 Mile. The filing confirms Greenland Energy's shares trade under ISIN US70580B1061, while 17,500,000 outstanding warrants, carrying a $5 strike price and expiring April 29, 2031, trade under ISIN US70580B1145.
UK Takeover Panel rules trigger mandatory shareholder notice
Under Rule 8.3 of the UK City Code on Takeovers and Mergers, any party holding 1% or more of relevant securities tied to the offer must file an Opening Position Disclosure within 10 business days of the offer period's start, followed by Dealing Disclosures for any subsequent trades. The requirement applies to holders of both Greenland Energy shares and warrants, as well as 80 Mile ordinary shares listed on London's AIM market.
Greenland Energy targets Jameson Land Basin drilling campaign
Greenland Energy is preparing what it describes as the first modern onshore drilling campaign in Greenland's roughly 2-million-acre Jameson Land Basin, located in East Greenland. The potential acquisition of 80 Mile, whose ordinary shares carry a 0.01p par value, would fold into that broader hydrocarbon exploration strategy.
Greenland Energy stated the disclosure will be published on its corporate website by noon London time on the business day following the announcement, in line with Rule 26.1 of the Code. Shareholder inquiries on the disclosure regime were directed to company representative Hassan Baqar or the UK Takeover Panel's Market Surveillance Unit.