Greenland Energy Co and 80 Mile agree to all-share combination
GLND•Greenland Energy Co and 80 Mile agreed to a recommended all-share combination valuing 80 Mile’s share capital at about £74 million fully diluted; shareholders of each company will own 50% of the combined company.
1. Combination terms
Under the deal, 80 Mile shareholders will receive 0.0079485 Greenland Energy shares per share. The agreement values each 80 Mile share at 1.28 pence and its share capital at about £74 million on a fully diluted basis; shareholders of each company will own 50% of the combined company.
