Form 8 (DD) - Larry Swets
A person acting in concert with Greenland Energy Company disclosed dealings on September 18, 2026, involving 460,000 common stock shares, representing a 1.05% interest, and 250,000 warrants, representing a 1.43% interest. Additionally, 125,000 common stock shares were transferred at nil cost as part of a settlement agreement. The discloser also holds rights to subscribe for 375,000 additional warrants and possesses 200,000 stock options and 50,000 restricted stock units. There are no open positions, indemnity arrangements, or agreements related to options or derivatives.
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Rules 8.1, 8.2 and 8.4 of the Takeover Code (the “Code”)
KEY INFORMATION
| (a) Full name of discloser: | Larry G. Swets, Jr. | |||
| (d) Status of person making the disclosure: e.g. offeror, offeree, person acting in concert with the offeror/offeree (specify name of offeror/offeree) | Person acting in concert with the offeror, Greenland Energy Company | |||
| (e) Date dealing undertaken: | 18 September 2026 | |||
| 2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE | ||||
| Class of relevant security: | common stock of US$0.0001 | |||
| Interests | Short positions | |||
| Number | % | Number | % | |
| (1) Relevant securities owned and/or controlled: | 460,000 | 1.05 | Nil | - |
| (2) Cash-settled derivatives: | Nil | - | Nil | - |
| TOTAL: | 460,000 | 1.05 | Nil | - |
| Class of relevant security: | Warrants expiring 29 April 2031 | |||
| Interests | Short positions | |||
| Number | % | Number | % | |
| (1) Relevant securities owned and/or controlled: | 250,000 | 1.43 | Nil | - |
| (2) Cash-settled derivatives: | Nil | - | Nil | - |
| TOTAL: | 250,000 | 1.43 | Nil | - |
All interests and all short positions should be disclosed.
- Rights to subscribe for new securities (including directors’ and other employee options)
| Class of relevant security in relation to which subscription right exists: | common stock of US$0.0001 |
| Details, including nature of the rights concerned and relevant percentages: | Warrants expiring (with a US$15 exercise price per warrant) (“2036 Warrants”) 2036 Warrants Percentage of issued 2031 Warrants (%) 375,000 25 Non-qualified stock options (ultimately settled in shares of Greenland Energy common stock on a one-for-one basis exercisable after vesting with an exercise price of $3.36 per share) (“Stock Options”) Stock Options Date of Grant Expiry Date Vesting Schedule 200,000 29 April 2026 29 April 2036 (subject to earlier termination under the applicable award terms). In substantially equal instalments over three years: on 1 May 2027, 1 May 2028 and 1 May 2029. Restricted Stock Units entitling the holder to receive shares of Greenland Energy common stock on a one-for-one basis once the applicable vesting requirements are satisfied (“RSUs”) RSUs Date of Grant Expiry date Vesting Schedule 50,000 24 April 2026 N/A Vest in full on 1 May 2027 (subject to continuous service and filing of registration statement) |
DEALINGS BY THE PERSON MAKING THE DISCLOSURE
The currency of all prices and other monetary amounts should be stated.
Purchases and sales
| Class of relevant security | Purchase/sale | Number of securities | Price per unit | ||||
| common stock of US$0.0001 | Transferring shares at nil cost pursuant to a settlement agreement. | 125,000 | Nil cost | ||||
| N/A | N/A | N/A | N/A | N/A | |||
| (b) Cash-settled derivative transactions | |||||||
| N/A | N/A | N/A | N/A | N/A | |||
| (c) Stock-settled derivative transactions (including options) | |||||||
| (i) Writing, selling, purchasing or varying | |||||||
| N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| (ii) Exercise | |||||||
| N/A | N/A | N/A | N/A | N/A | |||
| (d) Other dealings (including subscribing for new securities) | |||||||
| N/A | N/A | N/A | N/A | ||||
- OTHER INFORMATION
- Indemnity and other dealing arrangements
None.
- Agreements, arrangements or understandings relating to options or derivatives
None.
Attachments
Are any Supplemental Forms attached?
| Supplemental Form 8 (Open Positions) | NO |
| Supplemental Form 8 (SBL) | NO |
| Date of disclosure: | 21 September 2026 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.
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