Sign In
Last checked at 
8 May 2026 10:34
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: | 07 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 | 82,330 | 58.0808 GBP | 57.4443 GBP |
0.25 ordinary shares | PURCHASES | 3,640 | 78.5074 USD | 78.3072 USD |
0.25 ordinary shares | SALES | 103,575 | 58.0710 GBP | 57.4400 GBP |
0.25 ordinary shares | SALES | 398 | 78.3072 USD | 78.3072 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 | increasing a long position | 2 | 57.4400 GBP |
0.25 ordinary shares | CFD | increasing a short position | 819 | 57.4500 GBP |
0.25 ordinary shares | CFD | reducing a long position | 158 | 57.4500 GBP |
0.25 ordinary shares | CFD | reducing a short position | 124 | 57.4500 GBP |
0.25 ordinary shares | CFD | reducing a long position | 16 | 57.4500 GBP |
0.25 ordinary shares | CFD | reducing a long position | 387 | 57.4500 GBP |
0.25 ordinary shares | CFD | reducing a short position | 12,779 | 57.4500 GBP |
0.25 ordinary shares | CFD | reducing a short position | 16 | 57.4500 GBP |
0.25 ordinary shares | CFD | increasing a long position | 7,968 | 57.4500 GBP |
0.25 ordinary shares | CFD | increasing a short position | 1,934 | 57.4500 GBP |
0.25 ordinary shares | CFD | reducing a long position | 272 | 57.4500 GBP |
0.25 ordinary shares | CFD | increasing a short position | 82 | 57.4500 GBP |
0.25 ordinary shares | CFD | reducing a long position | 2 | 57.4500 GBP |
0.25 ordinary shares | CFD | reducing a long position | 7,968 | 57.4500 GBP |
0.25 ordinary shares | CFD | increasing a short position | 19 | 57.4500 GBP |
0.25 ordinary shares | CFD | reducing a short position | 18 | 57.4500 GBP |
0.25 ordinary shares | CFD | reducing a long position | 3,762 | 57.4500 GBP |
0.25 ordinary shares | CFD | increasing a short position | 51 | 57.4512 GBP |
0.25 ordinary shares | CFD | increasing a short position | 2,173 | 57.4534 GBP |
0.25 ordinary shares | CFD | reducing a short position | 1,727 | 57.4589 GBP |
0.25 ordinary shares | CFD | reducing a short position | 602 | 57.4589 GBP |
0.25 ordinary shares | CFD | increasing a long position | 965 | 57.4589 GBP |
0.25 ordinary shares | CFD | increasing a long position | 381 | 57.4589 GBP |
0.25 ordinary shares | CFD | reducing a short position | 238 | 57.4589 GBP |
0.25 ordinary shares | CFD | increasing a long position | 381 | 57.4621 GBP |
0.25 ordinary shares | CFD | reducing a short position | 373 | 57.4621 GBP |
0.25 ordinary shares | CFD | increasing a short position | 1,074 | 57.4979 GBP |
0.25 ordinary shares | CFD | reducing a short position | 200 | 57.5244 GBP |
0.25 ordinary shares | CFD | increasing a long position | 1,549 | 57.5266 GBP |
0.25 ordinary shares | CFD | reducing a short position | 300 | 57.5443 GBP |
0.25 ordinary shares | CFD | increasing a short position | 293 | 57.5518 GBP |
0.25 ordinary shares | CFD | reducing a short position | 308 | 57.5838 GBP |
0.25 ordinary shares | CFD | reducing a short position | 1,404 | 57.5839 GBP |
0.25 ordinary shares | CFD | reducing a short position | 2,771 | 57.5839 GBP |
0.25 ordinary shares | CFD | reducing a short position | 846 | 57.5839 GBP |
0.25 ordinary shares | CFD | reducing a short position | 347 | 57.5839 GBP |
0.25 ordinary shares | CFD | reducing a short position | 512 | 57.5839 GBP |
0.25 ordinary shares | CFD | reducing a short position | 257 | 57.5839 GBP |
0.25 ordinary shares | CFD | reducing a short position | 365 | 57.5839 GBP |
0.25 ordinary shares | CFD | reducing a short position | 581 | 57.5839 GBP |
0.25 ordinary shares | CFD | reducing a short position | 381 | 57.5839 GBP |
0.25 ordinary shares | CFD | increasing a long position | 2,006 | 57.5890 GBP |
0.25 ordinary shares | CFD | reducing a short position | 139 | 57.5990 GBP |
0.25 ordinary shares | CFD | reducing a short position | 553 | 57.6091 GBP |
0.25 ordinary shares | CFD | reducing a short position | 883 | 57.6143 GBP |
0.25 ordinary shares | CFD | reducing a short position | 5 | 57.6143 GBP |
0.25 ordinary shares | CFD | reducing a long position | 75 | 57.6233 GBP |
0.25 ordinary shares | CFD | increasing a short position | 31 | 57.6294 GBP |
0.25 ordinary shares | CFD | reducing a short position | 1,819 | 57.6318 GBP |
0.25 ordinary shares | CFD | increasing a long position | 65 | 57.6318 GBP |
0.25 ordinary shares | CFD | increasing a short position | 226 | 57.6387 GBP |
0.25 ordinary shares | CFD | reducing a short position | 45 | 57.6500 GBP |
0.25 ordinary shares | CFD | increasing a short position | 170 | 57.6500 GBP |
0.25 ordinary shares | CFD | reducing a long position | 3,242 | 57.6527 GBP |
0.25 ordinary shares | CFD | increasing a short position | 1,241 | 57.6612 GBP |
0.25 ordinary shares | CFD | increasing a short position | 594 | 57.6728 GBP |
0.25 ordinary shares | CFD | reducing a long position | 5 | 57.6800 GBP |
0.25 ordinary shares | CFD | reducing a long position | 60 | 57.7276 GBP |
0.25 ordinary shares | CFD | reducing a short position | 98 | 57.7307 GBP |
0.25 ordinary shares | CFD | increasing a long position | 131 | 57.7398 GBP |
0.25 ordinary shares | CFD | reducing a short position | 17 | 57.7465 GBP |
0.25 ordinary shares | CFD | increasing a long position | 200 | 57.7476 GBP |
0.25 ordinary shares | CFD | reducing a short position | 35 | 57.7483 GBP |
0.25 ordinary shares | CFD | reducing a short position | 5 | 57.7500 GBP |
0.25 ordinary shares | CFD | reducing a short position | 93 | 57.7508 GBP |
0.25 ordinary shares | CFD | increasing a long position | 7,852 | 57.7629 GBP |
0.25 ordinary shares | CFD | reducing a short position | 526 | 57.7703 GBP |
0.25 ordinary shares | CFD | reducing a short position | 65 | 57.7726 GBP |
0.25 ordinary shares | CFD | reducing a short position | 1,889 | 57.7747 GBP |
0.25 ordinary shares | CFD | increasing a long position | 5,546 | 57.7914 GBP |
0.25 ordinary shares | CFD | increasing a long position | 62 | 57.8059 GBP |
0.25 ordinary shares | CFD | reducing a short position | 26 | 57.8065 GBP |
0.25 ordinary shares | CFD | reducing a short position | 702 | 57.8128 GBP |
0.25 ordinary shares | CFD | reducing a short position | 247 | 57.8170 GBP |
0.25 ordinary shares | CFD | increasing a long position | 95 | 57.8250 GBP |
0.25 ordinary shares | CFD | increasing a short position | 2,233 | 57.8293 GBP |
0.25 ordinary shares | CFD | reducing a short position | 137 | 57.8321 GBP |
0.25 ordinary shares | CFD | reducing a short position | 663 | 57.8347 GBP |
0.25 ordinary shares | CFD | reducing a short position | 157 | 57.8478 GBP |
0.25 ordinary shares | CFD | reducing a short position | 569 | 57.8478 GBP |
0.25 ordinary shares | CFD | reducing a short position | 157 | 57.8487 GBP |
0.25 ordinary shares | CFD | reducing a short position | 62 | 57.8500 GBP |
0.25 ordinary shares | CFD | reducing a short position | 3,908 | 57.8596 GBP |
0.25 ordinary shares | CFD | increasing a long position | 49 | 57.8596 GBP |
0.25 ordinary shares | CFD | reducing a long position | 1,940 | 57.8737 GBP |
0.25 ordinary shares | CFD | increasing a short position | 44 | 57.8823 GBP |
0.25 ordinary shares | CFD | reducing a short position | 24 | 57.8875 GBP |
0.25 ordinary shares | CFD | reducing a short position | 120 | 57.8923 GBP |
0.25 ordinary shares | CFD | reducing a short position | 54 | 57.9465 GBP |
0.25 ordinary shares | CFD | reducing a short position | 1,200 | 57.9469 GBP |
0.25 ordinary shares | CFD | increasing a short position | 4 | 58.0008 GBP |
0.25 ordinary shares | CFD | reducing a short position | 49 | 58.0251 GBP |
0.25 ordinary shares | CFD | reducing a short position | 428 | 58.0354 GBP |
0.25 ordinary shares | CFD | increasing a long position | 158 | 58.0548 GBP |
0.25 ordinary shares | CFD | reducing a short position | 44 | 58.0548 GBP |
0.25 ordinary shares | CFD | reducing a short position | 93 | 58.0710 GBP |
0.25 ordinary shares | CFD | reducing a long position | 157 | 58.0808 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 |
N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
(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: | 08 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.
Follow the stocks
