38.5_A - DCC Energy plc

Morgan Stanley & Co. Int'l plc

23 July 2026

 

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:	22 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 number of securities	Highest price per unit paid/ received	Lowest price per unit paid/ received
0.25 ordinary shares	PURCHASES	189,686	63.1000 GBP	62.8443 GBP
0.25 ordinary shares	SALES	140,132	63.1000 GBP	62.8750 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 per unit (Note 5)
0.25 ordinary shares	CFD	increasing a short position	699	62.8443 GBP
0.25 ordinary shares	CFD	increasing a short position	36	62.8502 GBP
0.25 ordinary shares	CFD	reducing a short position	15	62.8867 GBP
0.25 ordinary shares	CFD	increasing a short position	199	62.8930 GBP
0.25 ordinary shares	CFD	increasing a short position	2,001	62.9000 GBP
0.25 ordinary shares	CFD	increasing a short position	3,011	62.9000 GBP
0.25 ordinary shares	CFD	increasing a short position	6,390	62.9000 GBP
0.25 ordinary shares	CFD	reducing a short position	9	62.9000 GBP
0.25 ordinary shares	CFD	increasing a short position	30	62.9000 GBP
0.25 ordinary shares	CFD	increasing a short position	3,109	62.9000 GBP
0.25 ordinary shares	CFD	increasing a short position	16	62.9000 GBP
0.25 ordinary shares	CFD	increasing a short position	42	62.9000 GBP
0.25 ordinary shares	CFD	increasing a short position	153	62.9000 GBP
0.25 ordinary shares	CFD	increasing a short position	5,264	62.9013 GBP
0.25 ordinary shares	CFD	increasing a long position	104	62.9048 GBP
0.25 ordinary shares	CFD	increasing a long position	42	62.9048 GBP
0.25 ordinary shares	CFD	increasing a short position	1,221	62.9076 GBP
0.25 ordinary shares	CFD	increasing a short position	767	62.9178 GBP
0.25 ordinary shares	CFD	increasing a short position	51	62.9196 GBP
0.25 ordinary shares	CFD	increasing a short position	302	62.9201 GBP
0.25 ordinary shares	CFD	increasing a short position	545	62.9239 GBP
0.25 ordinary shares	CFD	increasing a short position	230	62.9250 GBP
0.25 ordinary shares	CFD	increasing a short position	2,508	62.9264 GBP
0.25 ordinary shares	CFD	increasing a long position	832	62.9265 GBP
0.25 ordinary shares	CFD	reducing a short position	1,673	62.9279 GBP
0.25 ordinary shares	CFD	reducing a long position	85	62.9280 GBP
0.25 ordinary shares	CFD	reducing a long position	35	62.9280 GBP
0.25 ordinary shares	CFD	increasing a short position	101	62.9293 GBP
0.25 ordinary shares	CFD	increasing a short position	260	62.9310 GBP
0.25 ordinary shares	CFD	increasing a short position	1,040	62.9336 GBP
0.25 ordinary shares	CFD	increasing a long position	860	62.9341 GBP
0.25 ordinary shares	CFD	reducing a short position	16	62.9344 GBP
0.25 ordinary shares	CFD	increasing a short position	311	62.9344 GBP
0.25 ordinary shares	CFD	reducing a long position	615	62.9355 GBP
0.25 ordinary shares	CFD	reducing a long position	904	62.9355 GBP
0.25 ordinary shares	CFD	reducing a long position	2,485	62.9368 GBP
0.25 ordinary shares	CFD	increasing a long position	42	62.9369 GBP
0.25 ordinary shares	CFD	reducing a short position	192	62.9374 GBP
0.25 ordinary shares	CFD	increasing a long position	198	62.9374 GBP
0.25 ordinary shares	CFD	increasing a short position	919	62.9377 GBP
0.25 ordinary shares	CFD	increasing a long position	109	62.9390 GBP
0.25 ordinary shares	CFD	increasing a long position	364	62.9398 GBP
0.25 ordinary shares	CFD	reducing a short position	4,915	62.9433 GBP
0.25 ordinary shares	CFD	increasing a short position	38,027	62.9452 GBP
0.25 ordinary shares	CFD	increasing a long position	18	62.9500 GBP
0.25 ordinary shares	CFD	increasing a long position	392	62.9500 GBP
0.25 ordinary shares	CFD	reducing a short position	14	62.9500 GBP
0.25 ordinary shares	CFD	reducing a short position	1	62.9500 GBP
0.25 ordinary shares	CFD	reducing a short position	1,651	62.9500 GBP
0.25 ordinary shares	CFD	reducing a long position	1	62.9500 GBP
0.25 ordinary shares	CFD	reducing a short position	3	62.9500 GBP
0.25 ordinary shares	CFD	increasing a long position	8	62.9500 GBP
0.25 ordinary shares	CFD	increasing a short position	2	62.9500 GBP
0.25 ordinary shares	CFD	increasing a short position	3	62.9500 GBP
0.25 ordinary shares	CFD	increasing a short position	14	62.9500 GBP
0.25 ordinary shares	CFD	reducing a short position	58,454	62.9500 GBP
0.25 ordinary shares	CFD	increasing a short position	2,136	62.9500 GBP
0.25 ordinary shares	CFD	increasing a long position	1	62.9500 GBP
0.25 ordinary shares	CFD	reducing a long position	16	62.9500 GBP
0.25 ordinary shares	CFD	increasing a short position	1,719	62.9500 GBP
0.25 ordinary shares	CFD	reducing a long position	6	62.9500 GBP
0.25 ordinary shares	CFD	increasing a long position	12	62.9500 GBP
0.25 ordinary shares	CFD	increasing a short position	126	62.9500 GBP
0.25 ordinary shares	CFD	increasing a long position	75	62.9501 GBP
0.25 ordinary shares	CFD	increasing a short position	58	62.9501 GBP
0.25 ordinary shares	CFD	increasing a short position	4	62.9502 GBP
0.25 ordinary shares	CFD	increasing a short position	4,047	62.9513 GBP
0.25 ordinary shares	CFD	increasing a short position	10,552	62.9538 GBP
0.25 ordinary shares	CFD	reducing a short position	1,074	62.9541 GBP
0.25 ordinary shares	CFD	increasing a short position	503	62.9550 GBP
0.25 ordinary shares	CFD	reducing a long position	22	62.9577 GBP
0.25 ordinary shares	CFD	reducing a short position	412	62.9588 GBP
0.25 ordinary shares	CFD	increasing a short position	188	62.9589 GBP
0.25 ordinary shares	CFD	increasing a short position	128	62.9633 GBP
0.25 ordinary shares	CFD	reducing a short position	561	62.9644 GBP
0.25 ordinary shares	CFD	increasing a short position	282	63.0000 GBP
0.25 ordinary shares	CFD	increasing a short position	87	63.0001 GBP
0.25 ordinary shares	CFD	increasing a short position	1,215	63.0028 GBP
0.25 ordinary shares	CFD	increasing a long position	195	63.0243 GBP
0.25 ordinary shares	CFD	increasing a short position	44	63.0272 GBP
0.25 ordinary shares	CFD	increasing a short position	57	63.0501 GBP
0.25 ordinary shares	CFD	reducing a short position	1,000	63.0533 GBP
0.25 ordinary shares	CFD	increasing a short position	165	63.0550 GBP
0.25 ordinary shares	CFD	increasing a short position	142	63.0551 GBP
0.25 ordinary shares	CFD	increasing a short position	153	63.0776 GBP
0.25 ordinary shares	CFD	increasing a short position	50	63.1770 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.	Expiry date	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 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, 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:	23 July 2026
Contact name:	Claire Gordon
Telephone number:	[phone]

Public disclosures under Rule 38 of the Rules must be made to a Regulatory Information Service.

 

END