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 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: |
08 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 |
Total |
Highest price per unit paid/ received |
Lowest price per unit paid/ received |
|
0.25 ordinary shares |
PURCHASES |
270,023 |
62.3000 GBP |
61.6938 GBP |
|
0.25 ordinary shares |
SALES |
134,416 |
62.2500 GBP |
61.6500 GBP |
(b) Cash-settled derivative transactions
|
Class of relevant security |
Product description |
Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position |
Number of reference securities |
Price per |
|
0.25 ordinary shares |
CFD |
increasing a long position |
59 |
61.6665 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
778 |
61.6937 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
363 |
61.7000 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
563 |
61.7117 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
139 |
61.7117 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
300 |
61.7117 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
100 |
61.7117 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
100 |
61.7117 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
25 |
61.7415 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
4,151 |
61.7500 GBP |
|
0.25 ordinary shares |
CFD |
increasing a long position |
849 |
61.7500 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
2,026 |
61.7750 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
1,304 |
61.7750 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
4,170 |
61.7750 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
54 |
61.8000 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
66 |
61.8626 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
72 |
61.8736 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
33 |
61.8833 GBP |
|
0.25 ordinary shares |
CFD |
increasing a long position |
4,151 |
61.8881 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
17 |
61.8882 GBP |
|
0.25 ordinary shares |
CFD |
reducing a long position |
8,437 |
61.8938 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
9 |
61.9000 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
90 |
61.9003 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
198 |
61.9017 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
12,022 |
61.9089 GBP |
|
0.25 ordinary shares |
CFD |
reducing a long position |
2,416 |
61.9089 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
370 |
61.9154 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
40 |
61.9154 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
138 |
61.9165 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
97 |
61.9173 GBP |
|
0.25 ordinary shares |
CFD |
reducing a long position |
34 |
61.9213 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
1,909 |
61.9255 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
4,672 |
61.9312 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
2,701 |
61.9351 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
73 |
61.9351 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
13 |
61.9351 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
8 |
61.9393 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
34 |
61.9394 GBP |
|
0.25 ordinary shares |
CFD |
reducing a long position |
125 |
61.9416 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
77 |
61.9416 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
544 |
61.9481 GBP |
|
0.25 ordinary shares |
CFD |
increasing a long position |
35 |
61.9493 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
4 |
61.9500 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
1 |
61.9500 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
5,358 |
61.9507 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
16,073 |
61.9508 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
7,531 |
61.9509 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
5,695 |
61.9593 GBP |
|
0.25 ordinary shares |
CFD |
increasing a long position |
308 |
61.9614 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
235 |
61.9621 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
159 |
61.9662 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
5,713 |
61.9680 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
152 |
61.9701 GBP |
|
0.25 ordinary shares |
CFD |
reducing a long position |
6,296 |
61.9717 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
722 |
61.9724 GBP |
|
0.25 ordinary shares |
CFD |
increasing a long position |
2 |
61.9757 GBP |
|
0.25 ordinary shares |
CFD |
increasing a long position |
386 |
61.9866 GBP |
|
0.25 ordinary shares |
CFD |
increasing a long position |
226 |
61.9866 GBP |
|
0.25 ordinary shares |
CFD |
increasing a long position |
93 |
61.9866 GBP |
|
0.25 ordinary shares |
CFD |
increasing a long position |
113 |
61.9876 GBP |
|
0.25 ordinary shares |
CFD |
increasing a long position |
189 |
61.9876 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
3,259 |
61.9927 GBP |
|
0.25 ordinary shares |
CFD |
reducing a long position |
88,130 |
61.9950 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
1 |
61.9981 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
300 |
61.9988 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
775 |
62.0000 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
41 |
62.0000 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
2 |
62.0000 GBP |
|
0.25 ordinary shares |
CFD |
reducing a long position |
4,438 |
62.0000 GBP |
|
0.25 ordinary shares |
CFD |
increasing a long position |
190 |
62.0000 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
77 |
62.0000 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
3,394 |
62.0000 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
7 |
62.0000 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
736 |
62.0000 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
62 |
62.0000 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
3 |
62.0000 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
297 |
62.0000 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
25 |
62.0000 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
727 |
62.0000 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
219 |
62.0000 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
9 |
62.0000 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
1,026 |
62.0029 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
427 |
62.0219 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
183 |
62.0250 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
1,300 |
62.0384 GBP |
|
0.25 ordinary shares |
CFD |
increasing a long position |
33 |
62.0500 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
305 |
62.0533 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
41 |
62.1500 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 |
Expiry |
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 |
|
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: |
09 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.