Amendment Form 8 (DD) - 80 Mile Plc

Troy Whittaker sold over 37 million 80 Mile PLC shares and now holds 0.27%.

What the company is saying

80 Mile PLC has issued an amended Form 8 (DD) disclosure under the UK Takeover Code, replacing a previous filing from 02 October 2026. The disclosure is made by Troy Whittaker, who is acting in concert with the offeree, 80 Mile PLC, and also references Greenland Energy Company. The filing details that on 24 September 2026, Whittaker executed four separate sales of ordinary shares in 80 Mile PLC, specifying the exact quantities and prices. After these transactions, Whittaker retains an interest in 15,000,000 ordinary shares, representing 0.27% of the company's relevant securities, and holds no short positions, derivatives, or rights to subscribe for new shares. The announcement is strictly factual and compliance-driven, with no commentary on company operations, strategy, or financial performance. There are no indemnities, option arrangements, or supplemental forms attached, and the tone is neutral and procedural.

What the data suggests

The disclosure quantifies that Troy Whittaker sold 2,500,000 shares at £0.0115, 3,333,333 shares at £0.0115, 3,703,703 shares at £0.0115, and 27,500,000 shares at £0.0119, all on 24 September 2026. Post-sale, Whittaker holds 15,000,000 ordinary shares, or 0.27% of 80 Mile PLC's relevant securities. No short positions, cash-settled derivatives, or stock-settled derivatives are reported, and there are no rights to subscribe for new shares. The filing does not indicate any purchases, subscriptions, or conversions, nor does it disclose any financial or operational performance data for the company itself. The numbers are complete for the purpose of regulatory compliance and provide a transparent view of Whittaker's current and recent positions, but do not offer insight into the company's business outlook or financial health.

Analysis

This announcement is a routine regulatory disclosure under the UK Takeover Code, detailing the amended Form 8 (DD) public dealing by Troy Whittaker in 80 Mile PLC. All claims are factual, realised, and relate to past or current shareholdings and transactions, with no forward-looking statements or projections. There is no promotional or exaggerated language, and no attempt to frame the disclosure as having operational or financial impact beyond compliance. No capital outlay, project, or benefit timeline is discussed. The language is strictly factual and proportionate to the content, with no evidence of narrative inflation or overstatement.

Risk flags

• ●The disclosure signals a significant reduction in Troy Whittaker's shareholding, with over 37 million shares sold in a single day. Large insider or concert-party sales can indicate a shift in confidence or strategy, which may be material to market perception, even if not explained in the filing.
• ●No explanation is provided for the rationale behind the share sales, leaving investors without context for whether the selling is personal, strategic, or related to the ongoing offer process. This lack of narrative increases uncertainty about potential future moves by key shareholders.
• ●The filing is strictly procedural and does not address the broader context of the offer or any potential impact on 80 Mile PLC's control, governance, or strategic direction. Investors are left to interpret the significance of these sales without additional guidance.

Bottom line

This amended Form 8 (DD) filing is a routine regulatory disclosure detailing that Troy Whittaker, acting in concert with 80 Mile PLC, sold a total of 37,037,036 shares on 24 September 2026 at prices between £0.0115 and £0.0119 per share. Whittaker now holds 15,000,000 shares, representing 0.27% of the company. The filing is factual and complete for regulatory purposes, but does not provide any operational, financial, or strategic commentary. The absence of explanation for these substantial sales leaves their motivation open to interpretation, which may be relevant for investors tracking insider activity during an offer period. The most important takeaway is that a major concert-party shareholder has materially reduced their position, and investors should be alert to further regulatory filings or changes in the offer process.

Announcement summary

(LSE:80M) 80 Mile PLC has filed an amended Form 8 (DD) public dealing disclosure under Rules 8.1, 8.2, and 8.4 of the Takeover Code, replacing RNS 4239X published at 10:01 on 02/10/26, with changes made to Sections 1(f) and 2(a). The disclosure is made by Troy Whittaker, who is acting in concert with the offeree, 80 Mile PLC. The disclosure also covers Greenland Energy Company in addition to 80 Mile PLC. The dealing took place on 24 September 2026. Following the dealing, Troy Whittaker holds interests in 15,000,000 ordinary shares of 0.01p each in 80 Mile PLC, representing 0.27% of the relevant securities, with no short positions, cash-settled derivatives, or stock-settled derivatives. There are no rights to subscribe for new securities, including director or employee options, disclosed. On 24 September 2026, Troy Whittaker sold 2,500,000 ordinary shares at £0.0115 per share, 3,333,333 ordinary shares at £0.0115 per share, 3,703,703 ordinary shares at £0.0115 per share, and 27,500,000 ordinary shares at £0.0119 per share. No purchases, cash-settled derivative transactions, stock-settled derivative transactions, or other dealings such as subscriptions or conversions were reported. There are no indemnity or other dealing arrangements, nor any agreements, arrangements, or understandings relating to options or derivatives. No Supplemental Forms 8 (Open Positions) or 8 (SBL) are attached. The date of disclosure is 07 October 2026. The contact for this disclosure is Troy Whittaker.

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