80 Mile — Form 8 (DD) - Greenland Energy Company

Troy Whittaker sold over 319,000 shares in 80 Mile PLC and Greenland Energy Company.

What the company is saying

This Form 8 (DD) disclosure, filed under the UK Takeover Code, details securities transactions by Troy Whittaker, who is acting in concert with the offeree, 80 Mile PLC, in relation to Greenland Energy Company. The filing specifies that on 28 September 2026, Whittaker executed multiple sales of both USD 0.0001 and USD 0.001 common shares at prices ranging from US$5.0405 to US$6.1400 per unit. The company’s communication is strictly factual and procedural, providing a complete breakdown of the number of shares sold, the price per unit, and the absence of any open positions, derivatives, or rights to subscribe for new securities. The disclosure also confirms there are no indemnity, option, or other dealing arrangements, and no supplemental forms are attached. No commentary is offered on the rationale for these transactions or their impact on the underlying offer process. The tone is neutral, with no attempt to frame the activity as positive or negative.

What the data suggests

The disclosure reports the sale of 19,344 units of USD 0.0001 common shares at US$5.0405 per unit, and six separate sales of USD 0.001 common shares: three tranches of 50,000 units at US$6.1400 per unit, one tranche of 50,000 units at US$5.4421 per unit, one tranche of 50,000 units at US$5.3817 per unit, and one tranche of 100,000 units at US$5.0643 per unit. In total, 319,344 shares were sold across both classes, with all transactions executed on 28 September 2026. No interests or short positions remain in either the USD 0.0001 common shares or the warrants expiring 29 April 2031. There are no rights to subscribe for new securities, and no derivative, indemnity, or option arrangements are in place. The data is complete for regulatory purposes, but does not provide context on the motivation for these sales or any implications for the ongoing offer process. The filing is transparent within its scope but does not address broader financial or operational performance.

Analysis

This announcement is a regulatory Form 8 (DD) public dealing disclosure under the UK Takeover Code, detailing specific securities transactions and positions as of 28 September 2026. The language is factual and procedural, with no promotional or forward-looking statements. All claims are realised and supported by precise numerical data regarding sales volumes, prices, and the absence of derivative or other arrangements. There is no discussion of future plans, capital outlays, or projected benefits, and no attempt to frame the disclosure in a positive or negative light. The content is strictly compliance-driven, with no narrative inflation or exaggeration present. As such, there is no gap between the company's narrative and the disclosed evidence.

Risk flags

• ●The absence of any stated rationale for the share sales means investors cannot assess whether these transactions reflect personal portfolio management, a change in strategic view, or other factors. This lack of context limits the interpretability of the data.
• ●No information is provided on the broader status of the underlying offer process for Greenland Energy Company or 80 Mile PLC, so investors remain uninformed about potential changes in control or deal progress.
• ●Because the disclosure is strictly regulatory and procedural, it does not address operational, financial, or strategic risks facing the companies involved, leaving investors with an incomplete picture of the overall situation.

Bottom line

This regulatory filing documents that Troy Whittaker, acting in concert with 80 Mile PLC, sold a total of 319,344 shares in Greenland Energy Company and 80 Mile PLC at prices between US$5.0405 and US$6.1400 per share on 28 September 2026. The disclosure is comprehensive for its compliance purpose, listing all transactions, positions, and the absence of derivatives or other arrangements, but it does not provide any insight into the motivation behind the sales or the status of the related takeover process. There is no commentary on how these transactions might affect the companies or the offer, nor any forward-looking statements or operational updates. For investors, the most important takeaway is that a significant volume of shares has changed hands, but without additional context, the implications for the companies or the offer process remain unclear. Further updates or disclosures would be needed to assess the strategic or financial impact of these transactions.

Announcement summary

(LSE:80M) 80 Mile PLC has filed a Form 8 (DD) public dealing disclosure under Rules 8.1, 8.2, and 8.4 of the Takeover Code in relation to Greenland Energy Company. The disclosure was made by Troy Whittaker, who is acting in concert with the offeree, 80 Mile PLC. The disclosure relates to dealings undertaken on 28 September 2026. The discloser confirms that disclosures are also being made in respect of 80 Mile PLC. In the class of USD 0.0001 common securities, the discloser reports zero interests and zero short positions. In the class of warrants expiring 29 April 2031, the discloser also reports zero interests and zero short positions. No rights to subscribe for new securities exist. The following sales were reported: 19,344 units of USD 0.0001 common at US$5.0405 per unit; 50,000 units of USD 0.001 common at US$6.1400 per unit; 50,000 units of USD 0.001 common at US$6.1400 per unit; 50,000 units of USD 0.001 common at US$5.4421 per unit; 50,000 units of USD 0.001 common at US$5.3817 per unit; 100,000 units of USD 0.001 common at US$5.0643 per unit; and 50,000 units of USD 0.001 common at US$6.1400 per unit. No principal trader transactions, cash-settled derivative transactions, or stock-settled derivative transactions were reported. No other dealings, such as subscriptions or conversions, were reported. There are no indemnity or other dealing arrangements, and no agreements or understandings relating to options or derivatives. No supplemental forms are attached to this disclosure. The date of disclosure is 07 October 2026.

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