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13 May 2026 10:17
FORM 38.5(a) (EPT/RI)
IRISH TAKEOVER PANEL
DEALING DISCLOSURE UNDER RULE 38.5(a) OF THE IRISHTAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2022BY A CONNECTED EXEMPT PRINCIPAL TRADER WITHRECOGNISED INTERMEDIARY STATUS AND DEALING INA CLIENT-SERVING CAPACITY
1. KEY INFORMATION
(a) Name of exempt principal trader: | Morgan Stanley & Co. International plc |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | DCC Plc |
(c) Name of the party to the offer with which exempt principal trader is connected: (Note 1) | Energy Capital Partners, LLC and Kohlberg Kravis Roberts & Co. L.P |
(d) Date dealing undertaken: | 12 May 2026 |
(e) In addition to the company in 1(b) above, is the exempt principal trader also making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A" | N/A |
2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER (Note 2)
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(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
Class of relevant security (Note 3) | Purchases/ sales | Totalnumber of securities | Highest price per unit paid/ received | Lowest price per unit paid/ received |
0.25 ordinary shares | PURCHASES | 94,415 | 57.9512 GBP | 57.1000 GBP |
0.25 ordinary shares | SALES | 94,336 | 58.0500 GBP | 57.0500 GBP |
0.25 ordinary shares | SALES | 378 | 78.2424 USD | 77.1130 USD |
(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 (Note 4) | Price perunit (Note 5) |
0.25 ordinary shares | CFD | reducing a long position | 554 | 57.0901 GBP |
0.25 ordinary shares | CFD | reducing a short position | 1 | 57.0926 GBP |
0.25 ordinary shares | CFD | reducing a short position | 20 | 57.1000 GBP |
0.25 ordinary shares | CFD | reducing a short position | 2 | 57.1000 GBP |
0.25 ordinary shares | CFD | increasing a short position | 1 | 57.1500 GBP |
0.25 ordinary shares | CFD | reducing a long position | 173 | 57.1858 GBP |
0.25 ordinary shares | CFD | increasing a short position | 198 | 57.1858 GBP |
0.25 ordinary shares | CFD | increasing a long position | 157 | 57.1914 GBP |
0.25 ordinary shares | CFD | increasing a short position | 849 | 57.1979 GBP |
0.25 ordinary shares | CFD | reducing a long position | 532 | 57.1979 GBP |
0.25 ordinary shares | CFD | increasing a short position | 94 | 57.1979 GBP |
0.25 ordinary shares | CFD | increasing a short position | 239 | 57.1979 GBP |
0.25 ordinary shares | CFD | reducing a long position | 210 | 57.1979 GBP |
0.25 ordinary shares | CFD | reducing a short position | 314 | 57.1983 GBP |
0.25 ordinary shares | CFD | reducing a short position | 27 | 57.2000 GBP |
0.25 ordinary shares | CFD | reducing a short position | 31 | 57.2000 GBP |
0.25 ordinary shares | CFD | reducing a long position | 7,374 | 57.2000 GBP |
0.25 ordinary shares | CFD | reducing a long position | 2 | 57.2000 GBP |
0.25 ordinary shares | CFD | reducing a short position | 1 | 57.2000 GBP |
0.25 ordinary shares | CFD | reducing a short position | 2 | 57.2000 GBP |
0.25 ordinary shares | CFD | reducing a short position | 704 | 57.2000 GBP |
0.25 ordinary shares | CFD | increasing a short position | 65 | 57.2000 GBP |
0.25 ordinary shares | CFD | reducing a long position | 276 | 57.2000 GBP |
0.25 ordinary shares | CFD | reducing a short position | 89 | 57.2000 GBP |
0.25 ordinary shares | CFD | reducing a long position | 82 | 57.2000 GBP |
0.25 ordinary shares | CFD | increasing a long position | 7,374 | 57.2000 GBP |
0.25 ordinary shares | CFD | reducing a long position | 79 | 57.2001 GBP |
0.25 ordinary shares | CFD | reducing a short position | 15 | 57.2100 GBP |
0.25 ordinary shares | CFD | reducing a short position | 1,920 | 57.2295 GBP |
0.25 ordinary shares | CFD | reducing a short position | 404 | 57.2547 GBP |
0.25 ordinary shares | CFD | reducing a short position | 25,317 | 57.2649 GBP |
0.25 ordinary shares | CFD | increasing a long position | 9 | 57.3000 GBP |
0.25 ordinary shares | CFD | reducing a short position | 2,100 | 57.3104 GBP |
0.25 ordinary shares | CFD | reducing a long position | 446 | 57.3127 GBP |
0.25 ordinary shares | CFD | increasing a long position | 666 | 57.3295 GBP |
0.25 ordinary shares | CFD | increasing a short position | 199 | 57.3326 GBP |
0.25 ordinary shares | CFD | reducing a short position | 988 | 57.3526 GBP |
0.25 ordinary shares | CFD | reducing a short position | 3,081 | 57.3683 GBP |
0.25 ordinary shares | CFD | reducing a short position | 878 | 57.3683 GBP |
0.25 ordinary shares | CFD | reducing a short position | 517 | 57.3683 GBP |
0.25 ordinary shares | CFD | reducing a short position | 369 | 57.3683 GBP |
0.25 ordinary shares | CFD | reducing a short position | 261 | 57.3683 GBP |
0.25 ordinary shares | CFD | reducing a short position | 1,428 | 57.3683 GBP |
0.25 ordinary shares | CFD | reducing a short position | 326 | 57.3683 GBP |
0.25 ordinary shares | CFD | reducing a short position | 310 | 57.3683 GBP |
0.25 ordinary shares | CFD | reducing a short position | 591 | 57.3683 GBP |
0.25 ordinary shares | CFD | reducing a short position | 383 | 57.3683 GBP |
0.25 ordinary shares | CFD | increasing a short position | 2,785 | 57.3732 GBP |
0.25 ordinary shares | CFD | increasing a short position | 4,221 | 57.3732 GBP |
0.25 ordinary shares | CFD | reducing a short position | 100 | 57.3856 GBP |
0.25 ordinary shares | CFD | reducing a short position | 13 | 57.4769 GBP |
0.25 ordinary shares | CFD | reducing a short position | 1 | 57.4800 GBP |
0.25 ordinary shares | CFD | increasing a long position | 454 | 57.4852 GBP |
0.25 ordinary shares | CFD | increasing a long position | 271 | 57.4852 GBP |
0.25 ordinary shares | CFD | increasing a long position | 175 | 57.4852 GBP |
0.25 ordinary shares | CFD | increasing a long position | 25 | 57.4852 GBP |
0.25 ordinary shares | CFD | increasing a long position | 65 | 57.4852 GBP |
0.25 ordinary shares | CFD | increasing a long position | 153 | 57.4852 GBP |
0.25 ordinary shares | CFD | increasing a long position | 180 | 57.4852 GBP |
0.25 ordinary shares | CFD | reducing a long position | 52 | 57.5281 GBP |
0.25 ordinary shares | CFD | increasing a long position | 805 | 57.5919 GBP |
0.25 ordinary shares | CFD | increasing a long position | 709 | 57.6029 GBP |
0.25 ordinary shares | CFD | increasing a short position | 2,376 | 57.6063 GBP |
0.25 ordinary shares | CFD | reducing a long position | 500 | 57.6063 GBP |
0.25 ordinary shares | CFD | reducing a short position | 50 | 57.6180 GBP |
0.25 ordinary shares | CFD | reducing a short position | 198 | 57.6226 GBP |
0.25 ordinary shares | CFD | reducing a long position | 66 | 57.6500 GBP |
0.25 ordinary shares | CFD | reducing a short position | 9 | 57.6556 GBP |
0.25 ordinary shares | CFD | reducing a short position | 1,960 | 57.6718 GBP |
0.25 ordinary shares | CFD | reducing a short position | 1,000 | 57.6771 GBP |
0.25 ordinary shares | CFD | reducing a short position | 89 | 57.6882 GBP |
0.25 ordinary shares | CFD | reducing a long position | 30 | 57.7000 GBP |
0.25 ordinary shares | CFD | increasing a long position | 200 | 57.7047 GBP |
0.25 ordinary shares | CFD | reducing a short position | 474 | 57.7117 GBP |
0.25 ordinary shares | CFD | increasing a short position | 71 | 57.7317 GBP |
0.25 ordinary shares | CFD | reducing a short position | 9 | 57.7433 GBP |
0.25 ordinary shares | CFD | reducing a short position | 9 | 57.7500 GBP |
0.25 ordinary shares | CFD | reducing a long position | 19 | 57.7500 GBP |
0.25 ordinary shares | CFD | increasing a short position | 7 | 57.7500 GBP |
0.25 ordinary shares | CFD | reducing a short position | 11 | 57.7500 GBP |
0.25 ordinary shares | CFD | reducing a short position | 97 | 57.7500 GBP |
0.25 ordinary shares | CFD | reducing a short position | 6 | 57.7542 GBP |
0.25 ordinary shares | CFD | reducing a short position | 56 | 57.7542 GBP |
0.25 ordinary shares | CFD | reducing a short position | 4 | 57.7560 GBP |
0.25 ordinary shares | CFD | reducing a short position | 5 | 57.8000 GBP |
0.25 ordinary shares | CFD | reducing a short position | 5 | 57.8000 GBP |
0.25 ordinary shares | CFD | reducing a short position | 61 | 57.8000 GBP |
0.25 ordinary shares | CFD | increasing a short position | 84 | 57.8390 GBP |
0.25 ordinary shares | CFD | increasing a short position | 54,638 | 57.8390 GBP |
0.25 ordinary shares | CFD | reducing a short position | 85 | 57.8750 GBP |
0.25 ordinary shares | CFD | reducing a short position | 9 | 57.8750 GBP |
0.25 ordinary shares | CFD | reducing a short position | 7 | 57.8761 GBP |
0.25 ordinary shares | CFD | increasing a long position | 629 | 57.9207 GBP |
0.25 ordinary shares | CFD | increasing a long position | 64 | 57.9500 GBP |
0.25 ordinary shares | CFD | increasing a long position | 365 | 57.9500 GBP |
0.25 ordinary shares | CFD | reducing a long position | 161 | 57.9512 GBP |
0.25 ordinary shares | CFD | reducing a long position | 14 | 58.0250 GBP |
(c) Stock-settled derivative transactions (including options)
(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 (Note 4) | Exercise price per unit | Type e.g. American, European etc. | Expirydate | Option money paid/ received per unit |
0.25 ordinary shares | CALL | WRITING | 1,626 | 5588.1090 | European | 12/05/2026 | 1.3189 GBP |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise priceper unit (Note 5) |
N/A | N/A | N/A | N/A | N/A |
(d) Other dealings (including transactions in respect of new securities)
Class of relevant security | Nature of dealing e.g. subscription, conversion, exercise | Details | Price per unit (if applicable) (Note 5) |
N/A | N/A | N/A | N/A |
3. 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 exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
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
Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated. |
NONE |
Date of disclosure: | 13 May 2026 |
Contact name: | Claire Gordon |
Telephone number: | +44 141 245-8893 |
Public disclosures under Rule 38 of the Rules must be made to a Regulatory Information Service.
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