Dcc PlcLSE: DCC

Rule 38.5_A - DCC Energy plc

· Issued by Dcc Plc via RNS

Summary by 6ix

Morgan Stanley & Co. International plc, dealing for clients, bought 212,837 and sold 374,082 DCC Energy plc 0.25 ordinary shares on October 9, 2026. It disclosed the trades under Irish takeover rules for an offer involving DCC Energy plc, as a trader connected to offer parties Energy Capital Partners, LLC and Kohlberg Kravis Roberts & Co. L.P.

Key details

  • Purchases were at prices from 64.2436 GBP to 64.4250 GBP per share, and sales were at prices from 64.2436 GBP to 64.4519 GBP per share.
  • Morgan Stanley also made many trades in CFDs (contracts for difference, cash-settled derivatives that track the share price), increasing and reducing both long positions (gain if the price rises) and short positions (gain if it falls). Examples include reducing a short position referenced to 78,797 shares at 64.2553 GBP and to 76,408 shares at 64.2679 GBP.
  • Morgan Stanley reported no option or other stock-settled derivative dealings, and no indemnity, option or voting arrangements relating to the shares. The disclosure is dated October 12, 2026.

6ix wrote this summary from the release below and checked it against the release.

FORM 38.5(a) (EPT/RI)

IRISH TAKEOVER PANEL

DEALING DISCLOSURE UNDER RULE 38.5(a) OF THE IRISH
TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2022
BY A CONNECTED EXEMPT PRINCIPAL TRADER WITH
RECOGNISED INTERMEDIARY STATUS AND DEALING IN
A 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 Energy 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:

09 October 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

Total
number of

securities

Highest
price per
unit paid/
received

Lowest
price per
unit paid/
received

0.25 ordinary shares

PURCHASES

212,837

64.4250 GBP

64.2436 GBP

0.25 ordinary shares

SALES

374,082

64.4519 GBP

64.2436 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 per
unit
(Note 5)

0.25 ordinary shares

CFD

reducing a short position

1

64.2436 GBP

0.25 ordinary shares

CFD

reducing a short position

1,860

64.2455 GBP

0.25 ordinary shares

CFD

increasing a short position

2,848

64.2500 GBP

0.25 ordinary shares

CFD

increasing a short position

327

64.2500 GBP

0.25 ordinary shares

CFD

reducing a long position

24

64.2500 GBP

0.25 ordinary shares

CFD

increasing a short position

33

64.2500 GBP

0.25 ordinary shares

CFD

increasing a short position

95

64.2500 GBP

0.25 ordinary shares

CFD

reducing a short position

2,848

64.2500 GBP

0.25 ordinary shares

CFD

reducing a short position

124

64.2500 GBP

0.25 ordinary shares

CFD

reducing a short position

1,441

64.2500 GBP

0.25 ordinary shares

CFD

reducing a short position

50

64.2500 GBP

0.25 ordinary shares

CFD

reducing a short position

6

64.2500 GBP

0.25 ordinary shares

CFD

reducing a short position

72

64.2500 GBP

0.25 ordinary shares

CFD

reducing a short position

77

64.2500 GBP

0.25 ordinary shares

CFD

reducing a short position

183

64.2522 GBP

0.25 ordinary shares

CFD

reducing a short position

78,797

64.2553 GBP

0.25 ordinary shares

CFD

reducing a short position

2

64.2555 GBP

0.25 ordinary shares

CFD

reducing a short position

224

64.2555 GBP

0.25 ordinary shares

CFD

reducing a short position

940

64.2555 GBP

0.25 ordinary shares

CFD

reducing a short position

5

64.2555 GBP

0.25 ordinary shares

CFD

reducing a short position

529

64.2555 GBP

0.25 ordinary shares

CFD

reducing a short position

2,388

64.2577 GBP

0.25 ordinary shares

CFD

increasing a short position

224

64.2625 GBP

0.25 ordinary shares

CFD

reducing a short position

76,408

64.2679 GBP

0.25 ordinary shares

CFD

reducing a long position

816

64.2723 GBP

0.25 ordinary shares

CFD

reducing a short position

74,201

64.2744 GBP

0.25 ordinary shares

CFD

increasing a long position

115

64.2778 GBP

0.25 ordinary shares

CFD

increasing a short position

6,238

64.2821 GBP

0.25 ordinary shares

CFD

increasing a short position

3,762

64.2821 GBP

0.25 ordinary shares

CFD

reducing a short position

11,953

64.2826 GBP

0.25 ordinary shares

CFD

reducing a short position

3,795

64.2928 GBP

0.25 ordinary shares

CFD

reducing a short position

40

64.2955 GBP

0.25 ordinary shares

CFD

increasing a long position

42

64.2979 GBP

0.25 ordinary shares

CFD

reducing a short position

38

64.3000 GBP

0.25 ordinary shares

CFD

reducing a short position

415

64.3000 GBP

0.25 ordinary shares

CFD

increasing a short position

1

64.3000 GBP

0.25 ordinary shares

CFD

reducing a short position

50,000

64.3050 GBP

0.25 ordinary shares

CFD

increasing a short position

24,953

64.3071 GBP

0.25 ordinary shares

CFD

increasing a short position

15,047

64.3071 GBP

0.25 ordinary shares

CFD

increasing a short position

415

64.3077 GBP

0.25 ordinary shares

CFD

reducing a long position

1,180

64.3077 GBP

0.25 ordinary shares

CFD

increasing a short position

2,794

64.3120 GBP

0.25 ordinary shares

CFD

increasing a short position

268

64.3123 GBP

0.25 ordinary shares

CFD

increasing a short position

1,174

64.3175 GBP

0.25 ordinary shares

CFD

increasing a long position

913

64.3186 GBP

0.25 ordinary shares

CFD

increasing a short position

4,429

64.3250 GBP

0.25 ordinary shares

CFD

increasing a short position

74

64.3315 GBP

0.25 ordinary shares

CFD

reducing a short position

1,025

64.3400 GBP

0.25 ordinary shares

CFD

reducing a short position

1

64.3500 GBP

0.25 ordinary shares

CFD

reducing a short position

400

64.3500 GBP

0.25 ordinary shares

CFD

increasing a long position

1,387

64.3500 GBP

0.25 ordinary shares

CFD

reducing a short position

248

64.3577 GBP

0.25 ordinary shares

CFD

increasing a long position

7,168

64.3856 GBP

0.25 ordinary shares

CFD

increasing a short position

4,384

64.3886 GBP

0.25 ordinary shares

CFD

increasing a short position

9,884

64.3886 GBP

0.25 ordinary shares

CFD

increasing a short position

3,432

64.3886 GBP

0.25 ordinary shares

CFD

increasing a short position

17,728

64.3886 GBP

0.25 ordinary shares

CFD

increasing a short position

7,748

64.3886 GBP

0.25 ordinary shares

CFD

increasing a short position

4,808

64.3886 GBP

0.25 ordinary shares

CFD

increasing a short position

6,516

64.3886 GBP

0.25 ordinary shares

CFD

increasing a short position

6,035

64.3886 GBP

0.25 ordinary shares

CFD

increasing a short position

6,964

64.3886 GBP

0.25 ordinary shares

CFD

increasing a short position

26,811

64.3886 GBP

0.25 ordinary shares

CFD

increasing a short position

3,363

64.3886 GBP

0.25 ordinary shares

CFD

increasing a short position

2,327

64.3886 GBP

0.25 ordinary shares

CFD

reducing a short position

5,000

64.4000 GBP

0.25 ordinary shares

CFD

reducing a long position

400

64.4100 GBP

0.25 ordinary shares

CFD

reducing a long position

291

64.4124 GBP

0.25 ordinary shares

CFD

increasing a short position

9

64.4250 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.

Expiry
date

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 price
per 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:

12 October 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.

Company analysis