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29 May 2026 08:30
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: | 28 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 | 115,387 | 59.5000 GBP | 58.8000 GBP |
0.25 ordinary shares | PURCHASES | 2,937 | 79.3066 USD | 79.3066 USD |
0.25 ordinary shares | SALES | 54,293 | 59.5000 GBP | 58.8000 GBP |
0.25 ordinary shares | SALES | 467 | 79.1433 USD | 79.1268 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 | 223 | 58.8882 GBP |
0.25 ordinary shares | CFD | increasing a short position | 798 | 58.8975 GBP |
0.25 ordinary shares | CFD | reducing a short position | 44 | 58.8998 GBP |
0.25 ordinary shares | CFD | increasing a short position | 5 | 58.9000 GBP |
0.25 ordinary shares | CFD | reducing a long position | 137 | 58.9000 GBP |
0.25 ordinary shares | CFD | increasing a short position | 17 | 58.9000 GBP |
0.25 ordinary shares | CFD | increasing a short position | 341 | 58.9000 GBP |
0.25 ordinary shares | CFD | reducing a long position | 6,691 | 58.9000 GBP |
0.25 ordinary shares | CFD | reducing a long position | 100 | 58.9000 GBP |
0.25 ordinary shares | CFD | increasing a long position | 45 | 58.9000 GBP |
0.25 ordinary shares | CFD | increasing a short position | 3 | 58.9000 GBP |
0.25 ordinary shares | CFD | increasing a short position | 17 | 58.9000 GBP |
0.25 ordinary shares | CFD | increasing a short position | 674 | 58.9000 GBP |
0.25 ordinary shares | CFD | increasing a long position | 6,691 | 58.9000 GBP |
0.25 ordinary shares | CFD | reducing a short position | 5 | 58.9000 GBP |
0.25 ordinary shares | CFD | increasing a short position | 7 | 58.9000 GBP |
0.25 ordinary shares | CFD | reducing a short position | 115 | 58.9000 GBP |
0.25 ordinary shares | CFD | reducing a short position | 14 | 58.9000 GBP |
0.25 ordinary shares | CFD | reducing a long position | 2 | 58.9000 GBP |
0.25 ordinary shares | CFD | increasing a long position | 1 | 58.9000 GBP |
0.25 ordinary shares | CFD | reducing a long position | 30 | 58.9007 GBP |
0.25 ordinary shares | CFD | increasing a short position | 1,505 | 58.9035 GBP |
0.25 ordinary shares | CFD | increasing a short position | 1,179 | 58.9044 GBP |
0.25 ordinary shares | CFD | reducing a long position | 394 | 58.9088 GBP |
0.25 ordinary shares | CFD | reducing a long position | 1,111 | 58.9088 GBP |
0.25 ordinary shares | CFD | reducing a long position | 1,523 | 58.9088 GBP |
0.25 ordinary shares | CFD | reducing a long position | 36 | 58.9117 GBP |
0.25 ordinary shares | CFD | increasing a short position | 72 | 58.9117 GBP |
0.25 ordinary shares | CFD | increasing a long position | 695 | 58.9119 GBP |
0.25 ordinary shares | CFD | increasing a long position | 1,151 | 58.9119 GBP |
0.25 ordinary shares | CFD | increasing a long position | 274 | 58.9119 GBP |
0.25 ordinary shares | CFD | increasing a long position | 359 | 58.9179 GBP |
0.25 ordinary shares | CFD | reducing a long position | 4,652 | 58.9184 GBP |
0.25 ordinary shares | CFD | increasing a short position | 104 | 58.9265 GBP |
0.25 ordinary shares | CFD | reducing a short position | 6,968 | 58.9354 GBP |
0.25 ordinary shares | CFD | increasing a short position | 27 | 58.9500 GBP |
0.25 ordinary shares | CFD | increasing a short position | 1,898 | 58.9716 GBP |
0.25 ordinary shares | CFD | reducing a long position | 1,128 | 58.9762 GBP |
0.25 ordinary shares | CFD | reducing a short position | 25 | 59.0000 GBP |
0.25 ordinary shares | CFD | increasing a long position | 244 | 59.0117 GBP |
0.25 ordinary shares | CFD | increasing a short position | 217 | 59.0292 GBP |
0.25 ordinary shares | CFD | increasing a short position | 1,277 | 59.0321 GBP |
0.25 ordinary shares | CFD | reducing a long position | 2,937 | 59.0338 GBP |
0.25 ordinary shares | CFD | reducing a short position | 3,209 | 59.0378 GBP |
0.25 ordinary shares | CFD | reducing a short position | 29 | 59.0414 GBP |
0.25 ordinary shares | CFD | reducing a long position | 944 | 59.0479 GBP |
0.25 ordinary shares | CFD | increasing a short position | 34 | 59.0500 GBP |
0.25 ordinary shares | CFD | increasing a long position | 61 | 59.0500 GBP |
0.25 ordinary shares | CFD | increasing a short position | 45 | 59.0535 GBP |
0.25 ordinary shares | CFD | increasing a short position | 1 | 59.0800 GBP |
0.25 ordinary shares | CFD | increasing a short position | 232 | 59.0915 GBP |
0.25 ordinary shares | CFD | increasing a short position | 111 | 59.1041 GBP |
0.25 ordinary shares | CFD | increasing a short position | 3,226 | 59.1244 GBP |
0.25 ordinary shares | CFD | increasing a short position | 278 | 59.1282 GBP |
0.25 ordinary shares | CFD | reducing a long position | 42 | 59.1500 GBP |
0.25 ordinary shares | CFD | reducing a long position | 36 | 59.1750 GBP |
0.25 ordinary shares | CFD | increasing a short position | 106 | 59.1838 GBP |
0.25 ordinary shares | CFD | increasing a short position | 7 | 59.1989 GBP |
0.25 ordinary shares | CFD | increasing a short position | 9 | 59.2500 GBP |
0.25 ordinary shares | CFD | increasing a short position | 89 | 59.2556 GBP |
0.25 ordinary shares | CFD | increasing a short position | 50 | 59.2557 GBP |
0.25 ordinary shares | CFD | increasing a long position | 317 | 59.2642 GBP |
0.25 ordinary shares | CFD | reducing a short position | 91 | 59.2642 GBP |
0.25 ordinary shares | CFD | increasing a short position | 13 | 59.2823 GBP |
0.25 ordinary shares | CFD | increasing a short position | 3 | 59.3000 GBP |
0.25 ordinary shares | CFD | increasing a short position | 50,000 | 59.3085 GBP |
0.25 ordinary shares | CFD | increasing a short position | 11 | 59.3536 GBP |
0.25 ordinary shares | CFD | reducing a short position | 2 | 59.4165 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: | 29 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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