Greenland Energy Company has published a Rule 2.9 disclosure under the City Code on Takeovers and Mergers, confirming its current issued share capital and outstanding warrant position as at 4 November 2026. The announcement states the company has 43,815,400 shares of common stock in issue, each carrying a par value of $0.0001, with no shares held in treasury. The disclosure also confirms 17,499,794 warrants remain outstanding, carrying a strike price of $5.00 and expiring on 29 April 2031. Rule 2.9 disclosures are a standard regulatory requirement under takeover rules and are closely watched by investors monitoring a company's capital structure.

Key Points

  • Greenland Energy Company (80M) published a Rule 2.9 disclosure dated 4 November 2026
  • The company confirms 43,815,400 shares of common stock in issue with no treasury shares held
  • 17,499,794 warrants outstanding at a $5.00 strike price, expiring 29 April 2031; share ISIN is US70580B1061
  • Investors may be watching whether this disclosure signals broader corporate activity requiring a formal capital structure confirmation

Greenland Energy Confirms 43,815,400 Shares in Issue With No Treasury Holdings

Under Rule 2.9 of the City Code on Takeovers and Mergers, Greenland Energy Company has formally confirmed its issued share capital as at 4 November 2026. The announcement states that the company has 43,815,400 shares of common stock in issue, each with a par value of $0.0001. The company confirms no shares are currently held in treasury. The International Securities Identification Number assigned to the Greenland Energy shares is US70580B1061. Such disclosures are required by the Takeover Panel to ensure transparency over a company's capital structure during periods that may involve offer-related activity.

Outstanding Warrants Carry a $5.00 Strike Price and Expire in April 2031

Alongside its share capital disclosure, Greenland Energy has confirmed that 17,499,794 warrants remain outstanding. The announcement states these warrants carry a strike price of $5.00 each and are due to expire on 29 April 2031. The ISIN attributed to these common warrants is US70580B1145. The existence of a substantial warrant position is a notable feature of Greenland Energy's capital structure, as warrants have the potential to convert into additional ordinary shares upon exercise, which investors typically factor into assessments of fully diluted share count and future dilution exposure.

Rule 2.9 Requirement and What the City Code Disclosure Obligation Means

Rule 2.9 of the City Code on Takeovers and Mergers requires companies subject to the Code to publicly disclose the precise number of securities in issue when certain corporate events are under way or anticipated. Greenland Energy's compliance with this requirement indicates the company falls within the jurisdiction of the UK Takeover Panel's regulatory framework. The announcement does not elaborate on the specific circumstances that triggered the disclosure obligation, and the company did not disclose this figure in the announcement regarding any associated transaction value or offer terms that may underpin the requirement.