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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: | 24 June 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 | 107,811 | 62.2250 GBP | 61.5500 GBP |
0.25 ordinary shares | SALES | 101,699 | 62.2000 GBP | 61.5000 GBP |
0.25 ordinary shares | SALES | 38 | 81.2060 USD | 81.2060 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 short position | 11 | 61.5500 GBP |
0.25 ordinary shares | CFD | reducing a long position | 12 | 61.5500 GBP |
0.25 ordinary shares | CFD | increasing a short position | 34 | 61.5559 GBP |
0.25 ordinary shares | CFD | increasing a short position | 19 | 61.5605 GBP |
0.25 ordinary shares | CFD | reducing a short position | 13 | 61.5715 GBP |
0.25 ordinary shares | CFD | increasing a short position | 3,600 | 61.5926 GBP |
0.25 ordinary shares | CFD | increasing a short position | 64 | 61.5977 GBP |
0.25 ordinary shares | CFD | reducing a short position | 7 | 61.6000 GBP |
0.25 ordinary shares | CFD | reducing a short position | 2 | 61.6000 GBP |
0.25 ordinary shares | CFD | reducing a short position | 29 | 61.6000 GBP |
0.25 ordinary shares | CFD | increasing a short position | 22 | 61.6278 GBP |
0.25 ordinary shares | CFD | reducing a long position | 185 | 61.6500 GBP |
0.25 ordinary shares | CFD | increasing a short position | 500 | 61.6924 GBP |
0.25 ordinary shares | CFD | increasing a short position | 1,300 | 61.6924 GBP |
0.25 ordinary shares | CFD | increasing a short position | 5,543 | 61.6924 GBP |
0.25 ordinary shares | CFD | increasing a short position | 1,853 | 61.6924 GBP |
0.25 ordinary shares | CFD | increasing a short position | 2,600 | 61.6924 GBP |
0.25 ordinary shares | CFD | increasing a short position | 200 | 61.6924 GBP |
0.25 ordinary shares | CFD | increasing a long position | 1,175 | 61.7005 GBP |
0.25 ordinary shares | CFD | reducing a long position | 52 | 61.7317 GBP |
0.25 ordinary shares | CFD | increasing a short position | 814 | 61.7957 GBP |
0.25 ordinary shares | CFD | increasing a long position | 976 | 61.8083 GBP |
0.25 ordinary shares | CFD | increasing a long position | 2,077 | 61.8119 GBP |
0.25 ordinary shares | CFD | reducing a short position | 4,667 | 61.8119 GBP |
0.25 ordinary shares | CFD | increasing a short position | 3,494 | 61.8178 GBP |
0.25 ordinary shares | CFD | increasing a long position | 176 | 61.8236 GBP |
0.25 ordinary shares | CFD | increasing a short position | 13 | 61.8492 GBP |
0.25 ordinary shares | CFD | increasing a long position | 1,634 | 61.8500 GBP |
0.25 ordinary shares | CFD | reducing a short position | 3,223 | 61.8530 GBP |
0.25 ordinary shares | CFD | reducing a short position | 2,500 | 61.8573 GBP |
0.25 ordinary shares | CFD | reducing a short position | 2,193 | 61.8622 GBP |
0.25 ordinary shares | CFD | reducing a long position | 149 | 61.8767 GBP |
0.25 ordinary shares | CFD | reducing a long position | 133 | 61.8768 GBP |
0.25 ordinary shares | CFD | reducing a long position | 89 | 61.8768 GBP |
0.25 ordinary shares | CFD | reducing a long position | 1,149 | 61.8768 GBP |
0.25 ordinary shares | CFD | reducing a long position | 71 | 61.8768 GBP |
0.25 ordinary shares | CFD | reducing a long position | 4 | 61.8768 GBP |
0.25 ordinary shares | CFD | increasing a long position | 33 | 61.8844 GBP |
0.25 ordinary shares | CFD | increasing a long position | 715 | 61.8844 GBP |
0.25 ordinary shares | CFD | increasing a long position | 86 | 61.8844 GBP |
0.25 ordinary shares | CFD | reducing a short position | 315 | 61.9222 GBP |
0.25 ordinary shares | CFD | increasing a short position | 53 | 61.9349 GBP |
0.25 ordinary shares | CFD | increasing a long position | 1,385 | 61.9417 GBP |
0.25 ordinary shares | CFD | reducing a long position | 937 | 61.9892 GBP |
0.25 ordinary shares | CFD | increasing a long position | 167 | 62.0236 GBP |
0.25 ordinary shares | CFD | reducing a short position | 22 | 62.0273 GBP |
0.25 ordinary shares | CFD | reducing a short position | 7 | 62.0450 GBP |
0.25 ordinary shares | CFD | reducing a short position | 1,496 | 62.0450 GBP |
0.25 ordinary shares | CFD | reducing a short position | 36 | 62.0450 GBP |
0.25 ordinary shares | CFD | reducing a short position | 474 | 62.0463 GBP |
0.25 ordinary shares | CFD | reducing a short position | 374 | 62.0500 GBP |
0.25 ordinary shares | CFD | increasing a short position | 1 | 62.0500 GBP |
0.25 ordinary shares | CFD | reducing a long position | 2,128 | 62.0500 GBP |
0.25 ordinary shares | CFD | reducing a long position | 580 | 62.0500 GBP |
0.25 ordinary shares | CFD | reducing a short position | 3,032 | 62.0500 GBP |
0.25 ordinary shares | CFD | reducing a short position | 252 | 62.0500 GBP |
0.25 ordinary shares | CFD | increasing a short position | 802 | 62.0500 GBP |
0.25 ordinary shares | CFD | increasing a long position | 11 | 62.0500 GBP |
0.25 ordinary shares | CFD | reducing a short position | 7 | 62.0500 GBP |
0.25 ordinary shares | CFD | increasing a long position | 170 | 62.0500 GBP |
0.25 ordinary shares | CFD | reducing a long position | 96 | 62.0500 GBP |
0.25 ordinary shares | CFD | reducing a long position | 29 | 62.0503 GBP |
0.25 ordinary shares | CFD | reducing a short position | 827 | 62.0512 GBP |
0.25 ordinary shares | CFD | reducing a long position | 93 | 62.0549 GBP |
0.25 ordinary shares | CFD | reducing a long position | 257 | 62.0593 GBP |
0.25 ordinary shares | CFD | reducing a long position | 194 | 62.0593 GBP |
0.25 ordinary shares | CFD | reducing a long position | 590 | 62.0593 GBP |
0.25 ordinary shares | CFD | increasing a short position | 181 | 62.0593 GBP |
0.25 ordinary shares | CFD | increasing a short position | 2,218 | 62.0593 GBP |
0.25 ordinary shares | CFD | reducing a short position | 1,387 | 62.0704 GBP |
0.25 ordinary shares | CFD | reducing a short position | 137 | 62.0752 GBP |
0.25 ordinary shares | CFD | increasing a short position | 1,661 | 62.0902 GBP |
0.25 ordinary shares | CFD | increasing a long position | 1,673 | 62.0926 GBP |
0.25 ordinary shares | CFD | increasing a short position | 5,620 | 62.0984 GBP |
0.25 ordinary shares | CFD | reducing a short position | 1 | 62.1000 GBP |
0.25 ordinary shares | CFD | increasing a short position | 79 | 62.1025 GBP |
0.25 ordinary shares | CFD | reducing a long position | 1,392 | 62.1246 GBP |
0.25 ordinary shares | CFD | reducing a long position | 110 | 62.1439 GBP |
0.25 ordinary shares | CFD | reducing a long position | 276 | 62.1439 GBP |
0.25 ordinary shares | CFD | reducing a long position | 134 | 62.1586 GBP |
0.25 ordinary shares | CFD | reducing a long position | 269 | 62.1677 GBP |
0.25 ordinary shares | CFD | reducing a long position | 199 | 62.1838 GBP |
0.25 ordinary shares | CFD | reducing a long position | 398 | 62.2000 GBP |
0.25 ordinary shares | CFD | reducing a long position | 107 | 62.2000 GBP |
0.25 ordinary shares | CFD | increasing a long position | 18 | 62.2389 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: | 25 June 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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