Form 8 (OPD) - Greenland Energy Company
Greenland Energy Company, acting as an offeror, has disclosed its public opening position as of September 21, 2026, in relation to its own relevant securities and those of 80 Mile Plc. The company and its directors and named executive officers, along with their close relatives and connected persons, hold significant interests in Greenland Energy's common stock, totaling 7,917,794 shares (18.11%) for Robert Price and close relatives, 460,000 shares (1.05%) for Larry G. Swets, Jr., 48,104 shares (0.11%) for Melanie Furlan, and 1,611,436 shares (3.68%) for Hassan R. Baqar and close relatives. Additionally, there are holdings in various warrants and stock options, including 200,000 stock options for each of Robert Price, Larry G. Swets, Jr., Melanie Furlan, Scott D. Wollney, Hassan R. Baqar, and Ashiq Merchant, and Restricted Stock Units (RSUs) ranging from 10,000 to 100,000 for several individuals. There are no disclosed interests or short positions in Greenland Energy's common stock or warrants held directly by Greenland Energy Company itself.
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Greenland Energy Company
FORM 8 (OPD)
PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER
Rules 8.1 and 8.2 of the Takeover Code (the “Code”)
KEY INFORMATION
| (a) Full name of discloser: | Greenland Energy Company |
| (d) Is the discloser the offeror or the offeree? | OFFEROR |
| (e) Date position held: The latest practicable date prior to the disclosure | 21 September 2026 |
POSITIONS OF THE PARTY TO THE OFFER 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: | Nil | - | Nil | - |
| (2) Cash-settled derivatives: | Nil | - | Nil | - |
| TOTAL: | Nil | - | Nil | - |
| Class of relevant security: | Warrants expiring 29 April 2031 | |||
| Interests | Short positions | |||
| Number | % | Number | % | |
| (1) Relevant securities owned and/or controlled: | Nil | - | Nil | - |
| (2) Cash-settled derivatives: | Nil | - | Nil | - |
| TOTAL: | Nil | - | Nil | - |
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: | Nil |
| Details, including nature of the rights concerned and relevant percentages: | Nil |
- POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE
Greenland Energy Company ("Greenland Energy") Directors and Named Executive Officers [1] 1.Common stock held by Directors and Named Executive Officers and their close relatives/connected persons Name Number of shares of common stock Percentage of issued common stock (%)* Robert Price and close relatives 7,917,794 18.11 Larry G. Swets, Jr. 460,000 1.05 Melanie Furlan 48,104 0.11 Hassan R. Baqar and close relatives 1,611,436 3.68% 2. Warrants expiring 29 April 2031 traded on Nasdaq (with a US$5 exercise price per warrant) (“2031 Warrants”) held by Directors and Named Executive Officers and their close relatives/connected persons Name 2031 Warrants Percentage of issued 2031 Warrants (%) Larry G. Swets, Jr. 250,000 1.43 Hassan R. Baqar 101,700 0.58 3. Warrants expiring 25 March 2036 (with a US$15 exercise price per warrant) (“2036 Warrants”) held by Directors and Named Executive Officers and their close relatives/connected persons Name 2036 Warrants Percentage of issued 2036 Warrants (%) Larry G. Swets, Jr. 375,000 25 Hassan R. Baqar 375,000 25 4. Interests held as awards etc. by Directors and Named Executive Officers of Greenland Energy 4.1 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 Robert Price 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 Larry G. Swets, Jr. 200,000 As above As above As above Melanie Furlan 200,000 As above As above As above Scott D. Wollney 200,000 As above As above As above Hassan R. Baqar 200,000 As above As above As above Ashiq Merchant (CFO) 200,000 As above As above As above 4.2 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 [2] Robert Price 100,000 24 April 2026 N/A Vest in full on 1 May 2027 (subject to continuous service and filing of registration statement) Larry G. Swets, Jr. 50,000 24 April 2026 N/A As above Melanie Furlan 10,000 29 April 2026 N/A As above Scott D. Wollney 10,000 24 April 2026 N/A As above Hassan R. Baqar 10,000 24 April 2026 N/A As above Ashiq Merchant (CFO) 25,000 24 April 2026 N/A As above
- 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 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.
[1] For the purposes of this offer period Roderick McIllree, a director of each of 80 Mile and Greenland Energy, is not acting in concert with Greenland Energy.
[2] Unvested RSUs are generally forfeited upon termination of service, subject to accelerated vesting in certain termination events, death or disability circumstances.
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