North Rock and Verition disclose stakes in Greenland Energy Company

what happened

Greenland Energy Company published two disclosures through the RNS service under Form 8.3 of the UK Takeover Code. Such filings are required from anyone holding 1% or more of the securities of a company that is subject to a possible or actual takeover offer.

As of 14 October 2026, North Rock Capital Management held 450,000 ordinary shares, equal to 1.02%. These shares were bought at prices between 3.47 and 3.90 US dollars each.

Verition Fund Management reported no ordinary shares as of the same date. It did hold 734,169 warrants expiring 29 April 2031, equal to 4.195%. On the short side, the fund disclosed 655,892 shares (1.498%), including 623,100 shares underlying written call options. It also bought 16,800 warrants at 1.06 dollars each and wrote 16,800 call options with a 5.00 dollar strike, expiring 19 January 2029, for a premium of 1.02 dollars per option.

why it matters

These filings do not show what the investors intend, but they reveal large positions with opposing exposure: long through warrants and short through options and stock. That mix can affect liquidity and volatility in the shares, so future disclosures will help show how these positions develop.

tags

instruments