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RNS Number : 7841V

Greenland Energy Company

22 September 2026

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”)

1. KEY INFORMATION

(a) Full name of discloser:	Greenland Energy Company
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.	N/A
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	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
(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 – 80 Mile Plc

2. POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates

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	-
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	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	-
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	Nil	-	Nil	-
TOTAL:	Nil	-	Nil	-

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

(b) 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

3. POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE

Details of any interests, short positions and rights to subscribe (including directors’ and other employee options) of any person 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

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the party to the offer making the disclosure or any person acting in concert with it:

Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

None

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer making the disclosure, or any person acting in concert with it, and any other person relating to:

None

Are any Supplemental Forms attached?

Supplemental Form 8 (Open Positions)	NO
Supplemental Form 8 (SBL)	NO

Date of disclosure:	22 September 2026
Contact name:	Ashiq Merchant
Telephone number:	+1-847-942-4134

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

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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Form 8 (OPD) - Greenland Energy Company.

Date of disclosure:

Contact name:

Telephone number:

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