Form 8 (DD) - Larry Swets

RNS Number : 5766V

Greenland Energy Company

21 September 2026

FORM 8 (DD)

PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON ACTING IN CONCERT (INCLUDING DEALINGS FOR THE ACCOUNT OF DISCRETIONARY INVESTMENT CLIENTS)

Rules 8.1, 8.2 and 8.4 of the Takeover Code (the “Code”)

1. KEY INFORMATION

(a) Full name of discloser:	Larry G. Swets, Jr.
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.	N/A
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	Greenland Energy Company
(d) Status of person making the disclosure: e.g. offeror, offeree, person acting in concert with the offeror/offeree (specify name of offeror/offeree)	Person acting in concert with the offeror, Greenland Energy Company
(e) Date dealing undertaken:	18 September 2026
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state “N/A”	NO

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing

Class of relevant security:	common stock of US$0.0001
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	460,000	1.05	Nil	-
(2) Cash-settled derivatives:	Nil	-	Nil	-
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	Nil	-	Nil	-
TOTAL:	460,000	1.05	Nil	-

Class of relevant security:	Warrants expiring 29 April 2031
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	250,000	1.43	Nil	-
(2) Cash-settled derivatives:	Nil	-	Nil	-
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	Nil	-	Nil	-
TOTAL:	250,000	1.43	Nil	-

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

(b) Rights to subscribe for new securities (including directors’ and other employee options)

Class of relevant security in relation to which subscription right exists:

common stock of US$0.0001

Details, including nature of the rights concerned and relevant percentages:

Warrants expiring (with a US$15 exercise price per warrant) (“2036 Warrants”)
2036 Warrants	Percentage of issued 2031 Warrants (%)
375,000	25

Non-qualified stock options (ultimately settled in shares of Greenland Energy common stock on a one-for-one basis exercisable after vesting with an exercise price of $3.36 per share) (“Stock Options”)
Stock Options	Date of Grant	Expiry Date	Vesting Schedule
200,000	29 April 2026	29 April 2036 (subject to earlier termination under the applicable award terms).	In substantially equal instalments over three years: on 1 May 2027, 1 May 2028 and 1 May 2029.

Restricted Stock Units entitling the holder to receive shares of Greenland Energy common stock on a one-for-one basis once the applicable vesting requirements are satisfied (“RSUs”)

RSUs

Date of Grant

Expiry

date

Vesting

Schedule

50,000

24 April 2026

N/A

Vest in full on 1 May 2027 (subject to continuous service and filing of registration statement)

3. DEALINGS BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

(i) Party to an offer or person acting in concert (except for a principal trader in the same group as a connected adviser)

(ii) Principal trader where the sole reason for the connection is that the principal trader is in the same group as a connected adviser

N/A

(b) Cash-settled derivative transactions

Class of relevant security

Product description

e.g. CFD

Nature of dealing

e.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of reference securities

Price per unit

N/A

(i) Writing, selling, purchasing or varying

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type

e.g. American, European etc.

Expiry date

Option money paid/ received per unit

N/A

(ii) Exercise

Class of relevant security

Product description

e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

N/A

(d) Other dealings (including subscribing for new securities)

Class of relevant security

Nature of dealing

e.g. subscription, conversion

Details

Price per unit (if applicable)

N/A

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the party to the offer or person acting in concert making the disclosure and any other person:

Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

None.

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer or person acting in concert making the disclosure and any other person relating to:

None.

Are any Supplemental Forms attached?

Supplemental Form 8 (Open Positions)	NO
Supplemental Form 8 (SBL)	NO

Date of disclosure:	21 September 2026
Contact name:	Ashiq Merchant
Telephone number:	+1-847-942-4134

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

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END

DCCVFLBLQKLEBBZ

TIDM	80M
Share Price	1.02p46.13%
Market Cap	£57.00m

Date	21 Sept 2026
Time	09:55:27
Category	Holding(s) in company
ID	5766V

TIDM	80M
Share Price	1.02p46.13%
Market Cap	£57.00m

Date	21 Sept 2026
Time	09:55:27
Category	Holding(s) in company
ID	5766V

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Form 8 (DD) - Larry Swets

Date of disclosure:

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