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: |
16 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 |
346,107 |
63.8000 GBP |
62.5000 GBP |
|
0.25 ordinary shares |
SALES |
386,695 |
63.8000 GBP |
62.4500 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 |
reducing a short position |
156 |
62.4500 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
1,000 |
62.5253 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
63 |
62.8000 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
47 |
62.8000 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
100 |
62.8094 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
110 |
62.8094 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
790 |
62.8094 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
2,188 |
62.8377 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
614 |
62.8466 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
584 |
62.8491 GBP |
|
0.25 ordinary shares |
CFD |
increasing a long position |
214 |
62.8500 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
377 |
62.8500 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
112 |
62.8500 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
34 |
62.8500 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
1,580 |
62.8500 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
25 |
62.8500 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
4 |
62.8500 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
1,781 |
62.8500 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
236 |
62.8500 GBP |
|
0.25 ordinary shares |
CFD |
reducing a long position |
2 |
62.8500 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
6 |
62.8500 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
159 |
62.8500 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
156 |
62.8500 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
493 |
62.8500 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
293 |
62.8500 GBP |
|
0.25 ordinary shares |
CFD |
increasing a long position |
3,933 |
62.8500 GBP |
|
0.25 ordinary shares |
CFD |
reducing a long position |
107 |
62.8501 GBP |
|
0.25 ordinary shares |
CFD |
increasing a long position |
35 |
62.8501 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
211 |
62.8504 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
758 |
62.8509 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
107 |
62.8537 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
817 |
62.8538 GBP |
|
0.25 ordinary shares |
CFD |
increasing a long position |
560 |
62.8616 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
23,517 |
62.8795 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
11,756 |
62.8806 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
3,291 |
62.8877 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
200 |
62.8909 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
1,975 |
62.8939 GBP |
|
0.25 ordinary shares |
CFD |
increasing a long position |
51 |
62.8940 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
417 |
62.8964 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
2 |
62.9000 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
1 |
62.9000 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
25,000 |
62.9028 GBP |
|
0.25 ordinary shares |
CFD |
increasing a long position |
225 |
62.9037 GBP |
|
0.25 ordinary shares |
CFD |
increasing a long position |
764 |
62.9044 GBP |
|
0.25 ordinary shares |
CFD |
reducing a long position |
321 |
62.9066 GBP |
|
0.25 ordinary shares |
CFD |
reducing a long position |
656 |
62.9163 GBP |
|
0.25 ordinary shares |
CFD |
reducing a long position |
267 |
62.9163 GBP |
|
0.25 ordinary shares |
CFD |
reducing a long position |
1,118 |
62.9163 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
66 |
62.9192 GBP |
|
0.25 ordinary shares |
CFD |
reducing a long position |
1,402 |
62.9260 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
492 |
62.9465 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
19,500 |
62.9528 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
5,569 |
62.9693 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
4,807 |
62.9944 GBP |
|
0.25 ordinary shares |
CFD |
increasing a long position |
35 |
63.0465 GBP |
|
0.25 ordinary shares |
CFD |
reducing a long position |
128 |
63.0662 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
5,319 |
63.0679 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
7,079 |
63.1377 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
6,484 |
63.1393 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
94 |
63.1879 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
806 |
63.1918 GBP |
|
0.25 ordinary shares |
CFD |
reducing a long position |
2,237 |
63.2002 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
30 |
63.2008 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
105 |
63.2210 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
1,113 |
63.2390 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
145 |
63.2450 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
4 |
63.2475 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
2,000 |
63.2557 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
221 |
63.3112 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
667 |
63.3221 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
50,000 |
63.3385 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
9,615 |
63.3449 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
261 |
63.3449 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
145 |
63.3479 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
146 |
63.3500 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
270 |
63.3500 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
81 |
63.3500 GBP |
|
0.25 ordinary shares |
CFD |
increasing a long position |
40,000 |
63.3525 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
1,793 |
63.3630 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
9,615 |
63.3873 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
1,344 |
63.3906 GBP |
|
0.25 ordinary shares |
CFD |
reducing a long position |
1,927 |
63.4055 GBP |
|
0.25 ordinary shares |
CFD |
increasing a long position |
11 |
63.4066 GBP |
|
0.25 ordinary shares |
CFD |
increasing a long position |
210 |
63.4066 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
897 |
63.4380 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
139 |
63.4451 GBP |
|
0.25 ordinary shares |
CFD |
reducing a long position |
770 |
63.5000 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
221 |
63.5051 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
693 |
63.5153 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
387 |
63.5161 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
2,166 |
63.5381 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
51 |
63.5575 GBP |
|
0.25 ordinary shares |
CFD |
increasing a long position |
23 |
63.5612 GBP |
|
0.25 ordinary shares |
CFD |
increasing a long position |
8 |
63.5612 GBP |
|
0.25 ordinary shares |
CFD |
increasing a long position |
234 |
63.5612 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
654 |
63.6610 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
400 |
63.6635 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
4,126 |
63.6635 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
2,900 |
63.6635 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
5,700 |
63.6635 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
12,314 |
63.6635 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
1,200 |
63.6635 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
1,605 |
63.6682 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
21 |
63.6696 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
5,778 |
63.7000 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
8,976 |
63.7000 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
18,478 |
63.7000 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
4 |
63.7000 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
6,000 |
63.7045 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
4 |
63.7300 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
4,166 |
63.7382 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
11 |
63.7391 GBP |
|
0.25 ordinary shares |
CFD |
increasing a short position |
33 |
63.7427 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
63 |
63.7462 GBP |
|
0.25 ordinary shares |
CFD |
reducing a short position |
258 |
63.7488 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: |
17 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.