Greenland Energy agrees indicative terms for all-share acquisition of 80 Mile
GLND•Indicative all-share terms set for 80 Mile acquisition
Greenland Energy agreed indicative terms to acquire London-listed 80 Mile in an all-share deal.
- Exchange ratio set at 0.01108 Greenland Energy shares for each 80 Mile share.
- Terms value 80 Mile at GBP 61.48 million, implying about 1.1p per share based on Greenland Energy’s $1.37 close on Sept. 4, 2026.
- Implied price represents premiums of 42.86% and 46.67% to 80 Mile’s Sept. 3 and Sept. 7 closes.
- Greenland Energy bought 246,765,352 80 Mile shares for 0.53p–0.82p, taking a 4.42% stake as of Sept. 8, 2026.
