27th Jul 2026 10:55
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 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: | 24 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 | 237,544 | 63.1325 GBP | 62.7500 GBP |
0.25 ordinary shares | SALES | 185,458 | 63.1000 GBP | 62.7500 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 | increasing a short position | 60 | 62.8000 GBP |
0.25 ordinary shares | CFD | increasing a short position | 44 | 62.8000 GBP |
0.25 ordinary shares | CFD | reducing a short position | 13,981 | 62.8123 GBP |
0.25 ordinary shares | CFD | increasing a short position | 8,840 | 62.8256 GBP |
0.25 ordinary shares | CFD | increasing a short position | 11 | 62.8273 GBP |
0.25 ordinary shares | CFD | increasing a short position | 10 | 62.8290 GBP |
0.25 ordinary shares | CFD | increasing a short position | 266 | 62.8298 GBP |
0.25 ordinary shares | CFD | reducing a short position | 743 | 62.8311 GBP |
0.25 ordinary shares | CFD | reducing a long position | 98 | 62.8401 GBP |
0.25 ordinary shares | CFD | reducing a long position | 240 | 62.8401 GBP |
0.25 ordinary shares | CFD | reducing a short position | 2,285 | 62.8491 GBP |
0.25 ordinary shares | CFD | increasing a short position | 24 | 62.8500 GBP |
0.25 ordinary shares | CFD | reducing a long position | 111 | 62.8500 GBP |
0.25 ordinary shares | CFD | reducing a long position | 83 | 62.8500 GBP |
0.25 ordinary shares | CFD | reducing a long position | 6 | 62.8500 GBP |
0.25 ordinary shares | CFD | increasing a short position | 7 | 62.8500 GBP |
0.25 ordinary shares | CFD | increasing a long position | 370 | 62.8500 GBP |
0.25 ordinary shares | CFD | reducing a long position | 606 | 62.8500 GBP |
0.25 ordinary shares | CFD | increasing a short position | 1 | 62.8500 GBP |
0.25 ordinary shares | CFD | increasing a short position | 272 | 62.8500 GBP |
0.25 ordinary shares | CFD | reducing a long position | 42 | 62.8500 GBP |
0.25 ordinary shares | CFD | reducing a short position | 9 | 62.8500 GBP |
0.25 ordinary shares | CFD | reducing a short position | 5,848 | 62.8500 GBP |
0.25 ordinary shares | CFD | reducing a short position | 101 | 62.8500 GBP |
0.25 ordinary shares | CFD | increasing a short position | 449 | 62.8500 GBP |
0.25 ordinary shares | CFD | increasing a long position | 12 | 62.8500 GBP |
0.25 ordinary shares | CFD | increasing a long position | 10 | 62.8500 GBP |
0.25 ordinary shares | CFD | increasing a long position | 1,682 | 62.8500 GBP |
0.25 ordinary shares | CFD | increasing a short position | 80 | 62.8500 GBP |
0.25 ordinary shares | CFD | increasing a short position | 5,782 | 62.8500 GBP |
0.25 ordinary shares | CFD | reducing a long position | 28 | 62.8500 GBP |
0.25 ordinary shares | CFD | increasing a short position | 376 | 62.8500 GBP |
0.25 ordinary shares | CFD | increasing a short position | 906 | 62.8524 GBP |
0.25 ordinary shares | CFD | increasing a short position | 303 | 62.8538 GBP |
0.25 ordinary shares | CFD | increasing a short position | 640 | 62.8549 GBP |
0.25 ordinary shares | CFD | reducing a long position | 432 | 62.8579 GBP |
0.25 ordinary shares | CFD | reducing a long position | 13 | 62.8580 GBP |
0.25 ordinary shares | CFD | increasing a short position | 1,545 | 62.8602 GBP |
0.25 ordinary shares | CFD | reducing a short position | 2,927 | 62.8607 GBP |
0.25 ordinary shares | CFD | increasing a long position | 8,197 | 62.8621 GBP |
0.25 ordinary shares | CFD | increasing a short position | 5,680 | 62.8709 GBP |
0.25 ordinary shares | CFD | reducing a short position | 146 | 62.8717 GBP |
0.25 ordinary shares | CFD | increasing a short position | 381 | 62.8772 GBP |
0.25 ordinary shares | CFD | increasing a long position | 1,000 | 62.8801 GBP |
0.25 ordinary shares | CFD | reducing a long position | 45 | 62.8810 GBP |
0.25 ordinary shares | CFD | increasing a short position | 321 | 62.8829 GBP |
0.25 ordinary shares | CFD | increasing a short position | 4,960 | 62.8863 GBP |
0.25 ordinary shares | CFD | increasing a short position | 7,704 | 62.8863 GBP |
0.25 ordinary shares | CFD | increasing a short position | 15,836 | 62.8863 GBP |
0.25 ordinary shares | CFD | reducing a short position | 126 | 62.8903 GBP |
0.25 ordinary shares | CFD | increasing a long position | 73 | 62.8919 GBP |
0.25 ordinary shares | CFD | reducing a long position | 319 | 62.8928 GBP |
0.25 ordinary shares | CFD | increasing a short position | 25,000 | 62.8971 GBP |
0.25 ordinary shares | CFD | reducing a short position | 389 | 62.8985 GBP |
0.25 ordinary shares | CFD | reducing a short position | 765 | 62.8989 GBP |
0.25 ordinary shares | CFD | increasing a short position | 37 | 62.9000 GBP |
0.25 ordinary shares | CFD | reducing a short position | 7,147 | 62.9009 GBP |
0.25 ordinary shares | CFD | increasing a short position | 432 | 62.9011 GBP |
0.25 ordinary shares | CFD | increasing a short position | 4,200 | 62.9015 GBP |
0.25 ordinary shares | CFD | increasing a short position | 300 | 62.9015 GBP |
0.25 ordinary shares | CFD | increasing a short position | 2,874 | 62.9015 GBP |
0.25 ordinary shares | CFD | increasing a short position | 8,956 | 62.9015 GBP |
0.25 ordinary shares | CFD | increasing a short position | 2,100 | 62.9015 GBP |
0.25 ordinary shares | CFD | increasing a short position | 800 | 62.9015 GBP |
0.25 ordinary shares | CFD | increasing a short position | 90 | 62.9038 GBP |
0.25 ordinary shares | CFD | reducing a short position | 3,276 | 62.9122 GBP |
0.25 ordinary shares | CFD | increasing a short position | 68 | 62.9125 GBP |
0.25 ordinary shares | CFD | increasing a short position | 145 | 62.9164 GBP |
0.25 ordinary shares | CFD | increasing a short position | 865 | 62.9165 GBP |
0.25 ordinary shares | CFD | reducing a long position | 3 | 62.9167 GBP |
0.25 ordinary shares | CFD | reducing a short position | 171 | 62.9189 GBP |
0.25 ordinary shares | CFD | reducing a short position | 34 | 62.9375 GBP |
0.25 ordinary shares | CFD | increasing a short position | 18 | 62.9383 GBP |
0.25 ordinary shares | CFD | increasing a short position | 1,591 | 62.9411 GBP |
0.25 ordinary shares | CFD | reducing a short position | 2,511 | 62.9444 GBP |
0.25 ordinary shares | CFD | increasing a short position | 3,724 | 62.9461 GBP |
0.25 ordinary shares | CFD | increasing a short position | 198 | 62.9538 GBP |
0.25 ordinary shares | CFD | reducing a short position | 7,891 | 62.9565 GBP |
0.25 ordinary shares | CFD | increasing a short position | 50 | 62.9788 GBP |
0.25 ordinary shares | CFD | increasing a short position | 144,320 | 62.9815 GBP |
0.25 ordinary shares | CFD | reducing a short position | 2,152 | 62.9872 GBP |
0.25 ordinary shares | CFD | increasing a short position | 332 | 62.9895 GBP |
0.25 ordinary shares | CFD | increasing a short position | 71 | 62.9939 GBP |
0.25 ordinary shares | CFD | increasing a short position | 1,213 | 63.0163 GBP |
0.25 ordinary shares | CFD | increasing a short position | 451 | 63.0344 GBP |
0.25 ordinary shares | CFD | reducing a short position | 981 | 63.0352 GBP |
0.25 ordinary shares | CFD | increasing a short position | 249 | 63.0442 GBP |
0.25 ordinary shares | CFD | increasing a short position | 322 | 63.0450 GBP |
0.25 ordinary shares | CFD | increasing a short position | 46 | 63.0500 GBP |
0.25 ordinary shares | CFD | increasing a short position | 301 | 63.0600 GBP |
0.25 ordinary shares | CFD | increasing a short position | 9,500 | 63.0680 GBP |
0.25 ordinary shares | CFD | increasing a short position | 195 | 63.1325 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: | 27 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.
Related Shares:
DCC