Form 8 (OPD) - 80 Mile plc
80 Mile PLC has disclosed its public opening position as the offeree in relation to an offer, as of September 21, 2026. The company and Greenland Energy Company are parties to this offer. As of the disclosure date, 80 Mile PLC holds no relevant securities, cash-settled derivatives, or stock-settled derivatives, and has no rights to subscribe for new securities. However, significant holdings are disclosed among persons acting in concert with 80 Mile PLC, including directors and associated entities. Notably, Roderick McIllree holds 622,662,514 ordinary shares representing 11.14% of the voting share capital, and various directors and entities hold substantial option grants with exercise prices ranging from 0.0035p to 0.1200p and expiry dates extending to 2032.
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Rules 8.1 and 8.2 of the Takeover Code (the “Code”)
KEY INFORMATION
| (a) Full name of discloser: | 80 MILE PLC |
| (d) Is the discloser the offeror or the offeree? | OFFEREE |
| (e) Date position held: The latest practicable date prior to the disclosure | 21/09/2026 |
| (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state “N/A” | YES / GREENLAND ENERGY COMPANY |
POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE
| Class of relevant security: | 0.01p ordinary shares | ||
|---|---|---|---|
| Interests | Short positions | ||
| Number | % | Number | % |
| (1) Relevant securities owned and/or controlled: | 0 | 0 | |
| (2) Cash-settled derivatives: | 0 | 0 | |
| (3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0 | |
| TOTAL: | 0 | 0 |
All interests and all short positions should be disclosed.
Rights to subscribe for new securities
| Class of relevant security in relation to which subscription right exists: | 0 |
| Details, including nature of the rights concerned and relevant percentages: | 0 |
- POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE
Beneficial holdings of the Directors, Connected Parties, of 80 Mile plc (including their close relatives) in its ordinary shares Name Number of ordinary shares held % of voting share capital Directors in 80 Mile Plc Roderick Mcillree* 622,662,514 11.14% Ingo Hofmaier 10,853,985 0.19% Michael Hutchinson 27,183,826 0.49% Prior Directors in 80 Mile Plc Eric Sondergaard 60,000,000 1.07% Troy Whittaker 52,037,036 0.93% FinnAust Mining Plc (a prior name of 80 Mile Plc which acquired Bluejay Mining Limited) Shaun Bunn 316,915 0.01% Garth Palmer 45,678,329 0.82% Jeremy Whybrow 28,666,531 0.51% SP Angel Corporate Finance LLP (“SPA”) John Mackay 351,871 0.01% Robert Wooldridge 351,871 0.01% Tim Jenkins 93,396 0.00% Charlie Bouverat 15,106 0.00% SPA 2,500,000 0.04% Westend Corporate LLP (Co-secretary for 80 Mile) Gregory Kunzel 17,459,714 0.31% James Mahoney 1,772,456 0.03% Westend Corporate LLP 13,557,018 0.24% Beneficial holdings of the Directors, (and close relatives) of 80 Mile plc in rights to subscribe for shares in 80 Mile plc * Holder Description of Award Date of Issue Allotted Exercise Price Expiry Date Vesting Date Eric Sondergaard Options 04/04/2024 12,000,000 0.0100 04/04/2029 n/a 04/04/2024 12,000,000 0.0200 04/04/2029 n/a 04/04/2024 12,000,000 0.0400 04/04/2029 n/a 24/10/2024 25,000,000 0.0100 24/10/2029 n/a EBT Ordinary Shares 14/01/2027 20,000,000 nil - n/a Troy Whittaker EBT Ordinary Shares 14/01/2027 5,000,000 nil - n/a Gregory Kuenzel Options 04/04/2024 2,000,000 0.0100 04/04/2029 n/a 04/04/2024 2,000,000 0.0200 04/04/2029 n/a 04/04/2024 2,000,000 0.0400 04/04/2029 n/a James Mahony Options 10/02/2026 15,000,000 0.0200 10/02/2030 10/02/2026 Lucinda Kirkland Options 24/10/2024 5,000,000 0.0100 24/10/2029 n/a Michael Hodgkinson Options 04/04/2024 4,000,000 0.0100 04/04/2029 n/a 04/04/2024 4,000,000 0.0200 04/04/2029 n/a 04/04/2024 4,000,000 0.0400 04/04/2029 n/a 24/10/2024 3,250,000 0.0100 24/10/2029 n/a 21/05/2026 5,000,000 0.1000 21/05/2032 21/05/2028 21/05/2026 5,000,000 0.1200 21/05/2032 21/05/2028 Michael Hutchinson Options 04/04/2024 3,000,000 0.0100 04/04/2029 n/a 04/04/2024 3,000,000 0.0200 04/04/2029 n/a 04/04/2024 3,000,000 0.0400 04/04/2029 n/a Olga Solovieva Options 04/04/2024 4,000,000 0.0100 04/04/2029 n/a 04/04/2024 4,000,000 0.0200 04/04/2029 n/a 04/04/2024 4,000,000 0.0400 04/04/2029 n/a 24/10/2024 3,250,000 0.0100 24/10/2029 n/a 10/02/2026 10,000,000 0.0200 10/02/2030 10/02/2026 10/02/2026 10,000,000 0.0400 10/08/2031 10/08/2027 10/02/2026 10,000,000 0.0600 10/02/2032 10/02/2028 10/02/2026 10,000,000 0.0800 10/02/2032 10/02/2028 21/05/2026 20,000,000 0.1000 21/05/2032 21/05/2028 21/05/2026 20,000,000 0.1200 21/05/2032 21/05/2028 Roderick McIllree Options 04/04/2024 8,500,000 0.0100 04/04/2029 n/a 04/04/2024 8,500,000 0.0200 04/04/2029 n/a 04/04/2024 8,500,000 0.0400 04/04/2029 n/a 24/10/2024 25,000,000 0.0100 24/10/2029 n/a 13/01/2025 50,000,000 0.0035 13/01/2030 n/a 10/02/2026 10,000,000 0.0200 10/02/2030 10/02/2026 10/02/2026 25,000,000 0.0400 10/08/2031 10/08/2027 10/02/2026 25,000,000 0.0600 10/02/2032 10/02/2028 10/02/2026 25,000,000 0.0800 10/02/2032 10/02/2028 21/05/2026 40,000,000 0.1000 21/05/2032 21/05/2028 21/05/2026 40,000,000 0.1200 21/05/2032 21/05/2028 EBT Ordinary Shares 14/01/2026 22,500,000 nil - n/a Troy Whittaker Options 04/04/2024 5,500,000 0.0100 04/04/2029 n/a 04/04/2024 5,500,000 0.0200 04/04/2029 n/a 04/04/2024 5,500,000 0.0400 04/04/2029 n/a 10/02/2026 25,000,000 0.0200 10/02/2030 10/02/2026 10/02/2026 25,000,000 0.0400 10/08/2031 10/08/2027 10/02/2026 25,000,000 0.0600 10/02/2032 10/02/2028 10/02/2026 25,000,000 0.0800 10/02/2032 10/02/2028 21/05/2026 40,000,000 0.1000 21/05/2032 21/05/2028 21/05/2026 40,000,000 0.1200 21/05/2032 21/05/2028 SP Angel Corporate Finance LLP Broker Warrants 13/01/2025 5,000,000 0.0030 13/01/2029 14/01/2029
- 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: | 22/09/2026 |
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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