1st May 2026 10:01
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: | 30 April 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 | 218,090 | 57.9965 GBP | 55.1563 GBP |
0.25 ordinary shares | PURCHASES | 17,078 | 64.8629 EUR | 64.8629 EUR |
0.25 ordinary shares | PURCHASES | 1,501 | 77.1447 USD | 77.1447 USD |
0.25 ordinary shares | SALES | 331,561 | 58.1500 GBP | 55.3000 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 long position | 1,259 | 55.3889 GBP |
0.25 ordinary shares | CFD | reducing a long position | 3,991 | 55.4000 GBP |
0.25 ordinary shares | CFD | increasing a short position | 5 | 55.4000 GBP |
0.25 ordinary shares | CFD | increasing a short position | 10,647 | 55.4000 GBP |
0.25 ordinary shares | CFD | increasing a long position | 948 | 55.4000 GBP |
0.25 ordinary shares | CFD | reducing a short position | 744 | 55.4000 GBP |
0.25 ordinary shares | CFD | increasing a short position | 7 | 55.4000 GBP |
0.25 ordinary shares | CFD | reducing a short position | 6,584 | 55.4000 GBP |
0.25 ordinary shares | CFD | increasing a short position | 308 | 55.4000 GBP |
0.25 ordinary shares | CFD | reducing a long position | 5,884 | 55.4000 GBP |
0.25 ordinary shares | CFD | reducing a long position | 97 | 55.4000 GBP |
0.25 ordinary shares | CFD | increasing a long position | 5,884 | 55.4000 GBP |
0.25 ordinary shares | CFD | increasing a short position | 2,369 | 55.4000 GBP |
0.25 ordinary shares | CFD | reducing a short position | 157 | 55.4000 GBP |
0.25 ordinary shares | CFD | reducing a long position | 41 | 55.4000 GBP |
0.25 ordinary shares | CFD | reducing a long position | 4,257 | 55.4000 GBP |
0.25 ordinary shares | CFD | reducing a long position | 1,012 | 55.4000 GBP |
0.25 ordinary shares | CFD | increasing a short position | 22 | 55.4000 GBP |
0.25 ordinary shares | CFD | increasing a short position | 1,198 | 55.4000 GBP |
0.25 ordinary shares | CFD | increasing a long position | 764 | 55.4000 GBP |
0.25 ordinary shares | CFD | reducing a long position | 33 | 55.4005 GBP |
0.25 ordinary shares | CFD | increasing a short position | 53 | 55.4033 GBP |
0.25 ordinary shares | CFD | increasing a short position | 161 | 55.4034 GBP |
0.25 ordinary shares | CFD | increasing a short position | 1,393 | 55.4055 GBP |
0.25 ordinary shares | CFD | reducing a long position | 298 | 55.4055 GBP |
0.25 ordinary shares | CFD | reducing a long position | 8,909 | 55.4161 GBP |
0.25 ordinary shares | CFD | reducing a long position | 2,335 | 55.5647 GBP |
0.25 ordinary shares | CFD | increasing a short position | 26 | 55.6247 GBP |
0.25 ordinary shares | CFD | increasing a short position | 56 | 55.6247 GBP |
0.25 ordinary shares | CFD | increasing a short position | 68 | 55.6247 GBP |
0.25 ordinary shares | CFD | reducing a long position | 20,911 | 55.6676 GBP |
0.25 ordinary shares | CFD | reducing a short position | 3,589 | 55.6812 GBP |
0.25 ordinary shares | CFD | reducing a short position | 2,654 | 55.6862 GBP |
0.25 ordinary shares | CFD | reducing a short position | 13 | 55.7492 GBP |
0.25 ordinary shares | CFD | increasing a short position | 420 | 55.7823 GBP |
0.25 ordinary shares | CFD | increasing a short position | 3,047 | 55.9208 GBP |
0.25 ordinary shares | CFD | increasing a short position | 549 | 55.9540 GBP |
0.25 ordinary shares | CFD | reducing a short position | 49 | 55.9997 GBP |
0.25 ordinary shares | CFD | reducing a short position | 82 | 55.9997 GBP |
0.25 ordinary shares | CFD | reducing a short position | 16,333 | 55.9997 GBP |
0.25 ordinary shares | CFD | reducing a short position | 509 | 56.0139 GBP |
0.25 ordinary shares | CFD | reducing a short position | 1,147 | 56.0139 GBP |
0.25 ordinary shares | CFD | reducing a short position | 758 | 56.0139 GBP |
0.25 ordinary shares | CFD | reducing a short position | 5,744 | 56.0139 GBP |
0.25 ordinary shares | CFD | reducing a short position | 2,786 | 56.0139 GBP |
0.25 ordinary shares | CFD | reducing a short position | 689 | 56.0139 GBP |
0.25 ordinary shares | CFD | reducing a short position | 603 | 56.0139 GBP |
0.25 ordinary shares | CFD | reducing a short position | 1,017 | 56.0139 GBP |
0.25 ordinary shares | CFD | reducing a short position | 1,693 | 56.0139 GBP |
0.25 ordinary shares | CFD | reducing a short position | 612 | 56.0139 GBP |
0.25 ordinary shares | CFD | increasing a short position | 17,078 | 56.0234 GBP |
0.25 ordinary shares | CFD | reducing a long position | 17,569 | 56.0482 GBP |
0.25 ordinary shares | CFD | reducing a short position | 467 | 56.1072 GBP |
0.25 ordinary shares | CFD | reducing a long position | 1,241 | 56.1127 GBP |
0.25 ordinary shares | CFD | reducing a long position | 703 | 56.1729 GBP |
0.25 ordinary shares | CFD | reducing a short position | 308 | 56.2123 GBP |
0.25 ordinary shares | CFD | reducing a short position | 4,455 | 56.2141 GBP |
0.25 ordinary shares | CFD | reducing a short position | 600 | 56.2668 GBP |
0.25 ordinary shares | CFD | reducing a long position | 3,336 | 56.4286 GBP |
0.25 ordinary shares | CFD | increasing a short position | 3,469 | 56.4602 GBP |
0.25 ordinary shares | CFD | increasing a long position | 2,266 | 56.4664 GBP |
0.25 ordinary shares | CFD | increasing a long position | 4,826 | 56.5073 GBP |
0.25 ordinary shares | CFD | increasing a long position | 4,776 | 56.5073 GBP |
0.25 ordinary shares | CFD | increasing a long position | 14 | 56.5073 GBP |
0.25 ordinary shares | CFD | increasing a long position | 54 | 56.5073 GBP |
0.25 ordinary shares | CFD | increasing a long position | 1,400 | 56.5073 GBP |
0.25 ordinary shares | CFD | increasing a long position | 382 | 56.5073 GBP |
0.25 ordinary shares | CFD | increasing a long position | 15 | 56.5073 GBP |
0.25 ordinary shares | CFD | increasing a long position | 153 | 56.5073 GBP |
0.25 ordinary shares | CFD | increasing a long position | 163 | 56.5073 GBP |
0.25 ordinary shares | CFD | increasing a long position | 1,312 | 56.5073 GBP |
0.25 ordinary shares | CFD | reducing a long position | 1,403 | 56.5225 GBP |
0.25 ordinary shares | CFD | increasing a short position | 5,981 | 56.5225 GBP |
0.25 ordinary shares | CFD | reducing a long position | 14 | 56.5521 GBP |
0.25 ordinary shares | CFD | increasing a long position | 82 | 56.5567 GBP |
0.25 ordinary shares | CFD | increasing a short position | 250 | 56.5850 GBP |
0.25 ordinary shares | CFD | increasing a short position | 97 | 56.5920 GBP |
0.25 ordinary shares | CFD | reducing a long position | 8,742 | 56.6443 GBP |
0.25 ordinary shares | CFD | increasing a long position | 2,020 | 56.6619 GBP |
0.25 ordinary shares | CFD | reducing a short position | 5,981 | 56.6619 GBP |
0.25 ordinary shares | CFD | increasing a long position | 1,911 | 56.6690 GBP |
0.25 ordinary shares | CFD | increasing a short position | 1,501 | 56.8197 GBP |
0.25 ordinary shares | CFD | increasing a long position | 133 | 56.8249 GBP |
0.25 ordinary shares | CFD | reducing a short position | 41 | 56.9014 GBP |
0.25 ordinary shares | CFD | reducing a long position | 806 | 56.9690 GBP |
0.25 ordinary shares | CFD | reducing a short position | 3 | 57.0667 GBP |
0.25 ordinary shares | CFD | reducing a short position | 14 | 57.0786 GBP |
0.25 ordinary shares | CFD | reducing a short position | 12,349 | 57.1153 GBP |
0.25 ordinary shares | CFD | reducing a short position | 6,767 | 57.1153 GBP |
0.25 ordinary shares | CFD | reducing a short position | 26 | 57.1154 GBP |
0.25 ordinary shares | CFD | increasing a long position | 23 | 57.1864 GBP |
0.25 ordinary shares | CFD | increasing a long position | 15 | 57.1871 GBP |
0.25 ordinary shares | CFD | increasing a long position | 62 | 57.2000 GBP |
0.25 ordinary shares | CFD | increasing a long position | 481 | 57.2597 GBP |
0.25 ordinary shares | CFD | reducing a long position | 200 | 57.3507 GBP |
0.25 ordinary shares | CFD | reducing a short position | 4,186 | 57.3700 GBP |
0.25 ordinary shares | CFD | reducing a short position | 114 | 57.5663 GBP |
0.25 ordinary shares | CFD | reducing a short position | 3,047 | 57.6965 GBP |
0.25 ordinary shares | CFD | reducing a long position | 15 | 57.9500 GBP |
0.25 ordinary shares | CFD | reducing a long position | 23 | 57.9500 GBP |
0.25 ordinary shares | CFD | reducing a short position | 11 | 58.0000 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: | 01 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.
Related Shares:
DCC