{"id":162604,"date":"2026-09-09T01:54:56","date_gmt":"2026-09-09T01:54:56","guid":{"rendered":"https:\/\/www.europesays.com\/dk\/162604\/"},"modified":"2026-09-09T01:54:56","modified_gmt":"2026-09-09T01:54:56","slug":"80-mile-share-price-climbs-7-as-greenland-energy-sets-merger-terms-2","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/dk\/162604\/","title":{"rendered":"80 Mile share price climbs 7% as Greenland Energy sets merger terms"},"content":{"rendered":"<p>    <a href=\"https:\/\/s.yimg.com\/lo\/mysterio\/api\/d621d7e115c64217728205255fa28e2829eaa2af69b92db4042fff233a2ca9f9\/lightyear_networkapi\/resizefit_w960%3Bquality_80%3Bformat_webp\/https%3A%2F%2Fmedia.zenfs.com%2Fen%2Fproactive_us_504%2F88fa35aaa87aa2b7e35b09dbe49d5fec.jpg\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"80 Mile share price climbs 7% as Greenland Energy sets merger terms\" height=\"540\" width=\"960\" class=\"yf-1f8hkhu loader\"\/><\/a> 80 Mile share price climbs 7% as Greenland Energy sets merger terms Proactive uses images sourced from Shutterstock           <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\"><a href=\"https:\/\/finance.yahoo.com\/quote\/80M.l\" data-ylk=\"slk:80%20Mile%20PLC%20(AIM%3A80M%2C%20OTCQB%3ABLLYF);elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;80 Mile PLC (AIM:80M, OTCQB:BLLYF)&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"nofollow noopener\">80 Mile PLC (AIM:80M, OTCQB:BLLYF)<\/a> shares climbed after Greenland Energy agreed indicative terms for a \u00a361.48 million all-share acquisition.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">80 Mile shares rose 7% to 0.80p, remaining below the approximately 1.1p implied in the proposed acquisition.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Under the proposal, each 80 Mile share would exchange for 0.01108 new Greenland Energy common shares, making the sterling value dependent on share-price and currency movements.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">The implied premiums were 46.67% against the 7 September mid-market price, 42.86% against the 3 September mid-market price and 64.18% against July&#8217;s placing price.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Between 25 August and 3 September, <a href=\"https:\/\/www.proactiveinvestors.co.uk\/companies\/news\/1098201\/80-mile-consolidates-porfolio-with-deal-to-merge-with-1098201.html\" data-ylk=\"slk:Greenland%20Energy;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;Greenland Energy&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Greenland Energy<\/a> bought 246.7 million shares at 0.53p to 0.82p, with a weighted average of 0.73p, holding 4.42% of existing issued capital on 8 September.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Meanwhile, pre-conditions include Greenland Energy&#8217;s confirmatory due diligence and unanimous backing from 80 Mile&#8217;s Independent Directors, while 80 Mile requires satisfactory reverse due diligence.  <\/p>\n","protected":false},"excerpt":{"rendered":"80 Mile share price climbs 7% as Greenland Energy sets merger terms Proactive uses images sourced from Shutterstock&hellip;\n","protected":false},"author":2,"featured_media":162605,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[5],"tags":[57,20994],"class_list":["post-162604","post","type-post","status-publish","format-standard","has-post-thumbnail","category-greenland","tag-greenland","tag-greenland-energy"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@dk\/117238597143098533","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/162604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/comments?post=162604"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/162604\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media\/162605"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media?parent=162604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/categories?post=162604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/tags?post=162604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}