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2 Jul 2026 10:36
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: | 01 July 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 | 276,954 | 62.5000 GBP | 58.1711 GBP |
0.25 ordinary shares | SALES | 427,788 | 62.5000 GBP | 58.1632 GBP |
(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 | 12,336 | 58.5885 GBP |
0.25 ordinary shares | CFD | increasing a short position | 175 | 58.8600 GBP |
0.25 ordinary shares | CFD | increasing a short position | 200 | 59.7000 GBP |
0.25 ordinary shares | CFD | increasing a short position | 12,951 | 59.8633 GBP |
0.25 ordinary shares | CFD | reducing a short position | 1,800 | 60.1546 GBP |
0.25 ordinary shares | CFD | reducing a long position | 1,256 | 60.4059 GBP |
0.25 ordinary shares | CFD | increasing a short position | 1,337 | 60.4059 GBP |
0.25 ordinary shares | CFD | reducing a short position | 338 | 60.5500 GBP |
0.25 ordinary shares | CFD | increasing a short position | 306 | 60.5686 GBP |
0.25 ordinary shares | CFD | increasing a short position | 6,748 | 60.6704 GBP |
0.25 ordinary shares | CFD | reducing a long position | 2,814 | 60.6704 GBP |
0.25 ordinary shares | CFD | increasing a short position | 83 | 61.0061 GBP |
0.25 ordinary shares | CFD | increasing a short position | 40,136 | 61.0303 GBP |
0.25 ordinary shares | CFD | reducing a short position | 14 | 61.1499 GBP |
0.25 ordinary shares | CFD | reducing a short position | 935 | 61.2154 GBP |
0.25 ordinary shares | CFD | reducing a short position | 1,254 | 61.4160 GBP |
0.25 ordinary shares | CFD | increasing a long position | 1,883 | 61.4693 GBP |
0.25 ordinary shares | CFD | reducing a short position | 5,396 | 61.5875 GBP |
0.25 ordinary shares | CFD | reducing a short position | 25 | 61.5875 GBP |
0.25 ordinary shares | CFD | reducing a short position | 293 | 61.5877 GBP |
0.25 ordinary shares | CFD | reducing a short position | 900 | 61.5963 GBP |
0.25 ordinary shares | CFD | reducing a short position | 1,959 | 61.6000 GBP |
0.25 ordinary shares | CFD | reducing a short position | 196 | 61.6000 GBP |
0.25 ordinary shares | CFD | reducing a short position | 122 | 61.6000 GBP |
0.25 ordinary shares | CFD | increasing a short position | 1,084 | 61.6000 GBP |
0.25 ordinary shares | CFD | reducing a long position | 20 | 61.6000 GBP |
0.25 ordinary shares | CFD | increasing a short position | 887 | 61.6000 GBP |
0.25 ordinary shares | CFD | reducing a short position | 1,337 | 61.6000 GBP |
0.25 ordinary shares | CFD | increasing a long position | 1,046 | 61.6000 GBP |
0.25 ordinary shares | CFD | increasing a long position | 413 | 61.6000 GBP |
0.25 ordinary shares | CFD | reducing a short position | 3 | 61.6000 GBP |
0.25 ordinary shares | CFD | increasing a short position | 1,959 | 61.6000 GBP |
0.25 ordinary shares | CFD | increasing a long position | 277 | 61.6000 GBP |
0.25 ordinary shares | CFD | reducing a short position | 10,966 | 61.6000 GBP |
0.25 ordinary shares | CFD | increasing a long position | 59 | 61.6000 GBP |
0.25 ordinary shares | CFD | reducing a short position | 19 | 61.6000 GBP |
0.25 ordinary shares | CFD | reducing a long position | 8 | 61.6000 GBP |
0.25 ordinary shares | CFD | increasing a short position | 11 | 61.6000 GBP |
0.25 ordinary shares | CFD | reducing a short position | 182 | 61.6000 GBP |
0.25 ordinary shares | CFD | reducing a short position | 38 | 61.6000 GBP |
0.25 ordinary shares | CFD | increasing a long position | 178 | 61.6000 GBP |
0.25 ordinary shares | CFD | increasing a short position | 72 | 61.6038 GBP |
0.25 ordinary shares | CFD | reducing a long position | 4 | 61.6049 GBP |
0.25 ordinary shares | CFD | reducing a long position | 418 | 61.6195 GBP |
0.25 ordinary shares | CFD | reducing a short position | 47,285 | 61.6276 GBP |
0.25 ordinary shares | CFD | increasing a short position | 2,316 | 61.6370 GBP |
0.25 ordinary shares | CFD | increasing a short position | 1,163 | 61.6426 GBP |
0.25 ordinary shares | CFD | increasing a long position | 191 | 61.6657 GBP |
0.25 ordinary shares | CFD | reducing a long position | 89 | 61.6702 GBP |
0.25 ordinary shares | CFD | increasing a short position | 6,677 | 61.6758 GBP |
0.25 ordinary shares | CFD | increasing a short position | 950 | 61.6768 GBP |
0.25 ordinary shares | CFD | reducing a long position | 7,081 | 61.7041 GBP |
0.25 ordinary shares | CFD | increasing a long position | 1,980 | 61.7096 GBP |
0.25 ordinary shares | CFD | reducing a long position | 378 | 61.7128 GBP |
0.25 ordinary shares | CFD | reducing a long position | 93 | 61.7146 GBP |
0.25 ordinary shares | CFD | reducing a long position | 66 | 61.7170 GBP |
0.25 ordinary shares | CFD | reducing a short position | 33,754 | 61.7179 GBP |
0.25 ordinary shares | CFD | reducing a short position | 1,918 | 61.7421 GBP |
0.25 ordinary shares | CFD | increasing a long position | 76 | 61.7497 GBP |
0.25 ordinary shares | CFD | increasing a long position | 248 | 61.7497 GBP |
0.25 ordinary shares | CFD | increasing a long position | 1,095 | 61.7497 GBP |
0.25 ordinary shares | CFD | increasing a long position | 2,311 | 61.7497 GBP |
0.25 ordinary shares | CFD | reducing a long position | 403 | 61.7500 GBP |
0.25 ordinary shares | CFD | reducing a short position | 1 | 61.7500 GBP |
0.25 ordinary shares | CFD | reducing a long position | 1,607 | 61.7513 GBP |
0.25 ordinary shares | CFD | increasing a long position | 91 | 61.7518 GBP |
0.25 ordinary shares | CFD | reducing a long position | 6 | 61.7774 GBP |
0.25 ordinary shares | CFD | reducing a long position | 109 | 61.7774 GBP |
0.25 ordinary shares | CFD | reducing a long position | 26 | 61.7774 GBP |
0.25 ordinary shares | CFD | reducing a long position | 5 | 61.7900 GBP |
0.25 ordinary shares | CFD | increasing a short position | 49 | 61.8000 GBP |
0.25 ordinary shares | CFD | reducing a long position | 267 | 61.8206 GBP |
0.25 ordinary shares | CFD | reducing a short position | 5 | 61.8400 GBP |
0.25 ordinary shares | CFD | reducing a long position | 2 | 61.8474 GBP |
0.25 ordinary shares | CFD | increasing a long position | 220 | 61.8500 GBP |
0.25 ordinary shares | CFD | reducing a short position | 450 | 61.8596 GBP |
0.25 ordinary shares | CFD | reducing a short position | 4 | 61.8625 GBP |
0.25 ordinary shares | CFD | increasing a short position | 6,000 | 61.8964 GBP |
0.25 ordinary shares | CFD | increasing a short position | 59 | 61.9000 GBP |
0.25 ordinary shares | CFD | reducing a long position | 72 | 61.9100 GBP |
0.25 ordinary shares | CFD | reducing a long position | 106 | 61.9101 GBP |
0.25 ordinary shares | CFD | reducing a long position | 317 | 61.9101 GBP |
0.25 ordinary shares | CFD | reducing a long position | 39 | 61.9101 GBP |
0.25 ordinary shares | CFD | reducing a long position | 968 | 61.9101 GBP |
0.25 ordinary shares | CFD | reducing a long position | 34 | 61.9104 GBP |
0.25 ordinary shares | CFD | reducing a short position | 6,055 | 61.9144 GBP |
0.25 ordinary shares | CFD | increasing a short position | 77 | 61.9175 GBP |
0.25 ordinary shares | CFD | increasing a short position | 42 | 61.9250 GBP |
0.25 ordinary shares | CFD | increasing a long position | 234 | 61.9487 GBP |
0.25 ordinary shares | CFD | increasing a long position | 348 | 61.9500 GBP |
0.25 ordinary shares | CFD | increasing a long position | 715 | 61.9517 GBP |
0.25 ordinary shares | CFD | increasing a long position | 724 | 62.0505 GBP |
0.25 ordinary shares | CFD | reducing a short position | 175 | 62.0505 GBP |
0.25 ordinary shares | CFD | increasing a short position | 20 | 62.1000 GBP |
0.25 ordinary shares | CFD | reducing a short position | 38 | 62.2999 GBP |
0.25 ordinary shares | CFD | reducing a long position | 60 | 62.3537 GBP |
0.25 ordinary shares | CFD | increasing a short position | 1,600 | 62.3915 GBP |
0.25 ordinary shares | CFD | reducing a short position | 184 | 62.4000 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: | 02 July 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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