🟢 Greenland Energy is trading 5% up today after disclosing shareholder requirements for 80 Mile transaction

Greenland Energy is trading +5.13% at $1.21 after disclosing shareholder requirements tied to its potential acquisition of 80 Mile PLC.

• The proposed all-share transaction values 80 Mile’s existing share capital at approximately £61.48 million, with Greenland Energy issuing 0.01108 shares per 80 Mile share.
• The disclosure follows indicative merger terms announced September 8 and remains subject to due diligence and formal approvals.
• Live trading remains above the September 9 close of $1.15 as the broader market trades lower, making the takeover disclosure the stronger catalyst.