Rule 38.5_A - DCC Energy plc
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:
23 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/
salesTotal
number of
securitiesHighest
price per
unit paid/
receivedLowest
price per
unit paid/
received0.25 ordinary shares
PURCHASES
156,444
64.5064 GBP
64.3500 GBP
0.25 ordinary shares
PURCHASES
876
76.9977 EUR
76.9977 EUR
0.25 ordinary shares
SALES
91,624
64.5019 GBP
64.3500 GBP
(b) Cash-settled derivative transactions
Class of
relevant
securityProduct
description
e.g. CFDNature of dealing
e.g. opening/closing
a long/short position,
increasing/reducing a
long/short positionNumber of
reference
securities
(Note 4)Price per
unit (Note 5)0.25 ordinary shares
CFD
increasing a short position
206
64.4000 GBP
0.25 ordinary shares
CFD
reducing a short position
11
64.4000 GBP
0.25 ordinary shares
CFD
reducing a short position
5
64.4000 GBP
0.25 ordinary shares
CFD
increasing a long position
50
64.4000 GBP
0.25 ordinary shares
CFD
increasing a long position
25
64.4212 GBP
0.25 ordinary shares
CFD
reducing a long position
107
64.4302 GBP
0.25 ordinary shares
CFD
reducing a long position
77
64.4303 GBP
0.25 ordinary shares
CFD
reducing a long position
757
64.4304 GBP
0.25 ordinary shares
CFD
reducing a short position
38
64.4382 GBP
0.25 ordinary shares
CFD
increasing a long position
40
64.4425 GBP
0.25 ordinary shares
CFD
reducing a short position
12
64.4496 GBP
0.25 ordinary shares
CFD
reducing a short position
44
64.4496 GBP
0.25 ordinary shares
CFD
reducing a short position
186
64.4496 GBP
0.25 ordinary shares
CFD
reducing a short position
37
64.4496 GBP
0.25 ordinary shares
CFD
reducing a short position
105
64.4496 GBP
0.25 ordinary shares
CFD
reducing a short position
419
64.4500 GBP
0.25 ordinary shares
CFD
reducing a short position
1
64.4500 GBP
0.25 ordinary shares
CFD
increasing a short position
808
64.4500 GBP
0.25 ordinary shares
CFD
increasing a short position
1
64.4500 GBP
0.25 ordinary shares
CFD
reducing a short position
15
64.4500 GBP
0.25 ordinary shares
CFD
reducing a long position
75
64.4552 GBP
0.25 ordinary shares
CFD
reducing a short position
145
64.4621 GBP
0.25 ordinary shares
CFD
reducing a short position
139
64.4621 GBP
0.25 ordinary shares
CFD
increasing a short position
29
64.4621 GBP
0.25 ordinary shares
CFD
increasing a short position
58
64.4693 GBP
0.25 ordinary shares
CFD
increasing a long position
124
64.4707 GBP
0.25 ordinary shares
CFD
increasing a short position
5
64.4744 GBP
0.25 ordinary shares
CFD
increasing a long position
536
64.4757 GBP
0.25 ordinary shares
CFD
increasing a short position
21
64.4786 GBP
0.25 ordinary shares
CFD
increasing a short position
1,945
64.4824 GBP
0.25 ordinary shares
CFD
increasing a short position
52
64.4835 GBP
0.25 ordinary shares
CFD
increasing a long position
3,340
64.4870 GBP
0.25 ordinary shares
CFD
increasing a short position
14
64.4993 GBP
0.25 ordinary shares
CFD
reducing a long position
2,478
64.5000 GBP
0.25 ordinary shares
CFD
reducing a short position
33
64.5000 GBP
0.25 ordinary shares
CFD
reducing a short position
595
64.5000 GBP
0.25 ordinary shares
CFD
increasing a long position
2,478
64.5000 GBP
0.25 ordinary shares
CFD
increasing a long position
234
64.5000 GBP
0.25 ordinary shares
CFD
reducing a short position
257
64.5000 GBP
0.25 ordinary shares
CFD
reducing a short position
20,000
64.5000 GBP
0.25 ordinary shares
CFD
increasing a short position
60,902
64.5000 GBP
0.25 ordinary shares
CFD
increasing a short position
21
64.5000 GBP
0.25 ordinary shares
CFD
reducing a short position
44
64.5000 GBP
0.25 ordinary shares
CFD
increasing a short position
118
64.5000 GBP
0.25 ordinary shares
CFD
increasing a short position
83
64.5000 GBP
0.25 ordinary shares
CFD
increasing a short position
212
64.5000 GBP
0.25 ordinary shares
CFD
increasing a short position
44
64.5000 GBP
0.25 ordinary shares
CFD
increasing a short position
24,238
64.5000 GBP
0.25 ordinary shares
CFD
increasing a short position
706
64.5064 GBP
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of
relevant
securityProduct
description
e.g. call optionWriting,
purchasing,
selling,
varying etc.Number
of
securities
to which
option
relates
(Note 4)Exercise
price per
unitType
e.g.
American,
European
etc.Expiry
dateOption
money
paid/
received
per unitN/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
(ii) Exercise
Class of
relevant
securityProduct
description
e.g. call optionExercising/
exercised
againstNumber of
securitiesExercise 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,
exerciseDetails
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:
26 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.
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