Acquisition of Shares under Tender Offer and TVR
Summary by AI BETAClose X
19 December 2025
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT
Acquisition of Ordinary Shares under Tender Offer and Total Voting Rights
Further to the announcement of the results of the Tender Offer earlier today, DCC plc ("DCC" or "the Company") confirms that, under the terms of the Option Agreement, it has today acquired on-market on the London Stock Exchange from Davy 11,605,415 Ordinary Shares in the Company, at a price of £51.70 per Ordinary Share (the "Strike Price"), representing a total cost of approximately £600 million.
The Ordinary Shares acquired by the Company are today being cancelled. The Ordinary Shares were originally purchased by Davy pursuant to the Tender Offer at the Strike Price.
Following the cancellation of 11,605,415 Ordinary Shares, and in accordance with the FCA's Disclosure Guidance and Transparency Rules, the Company's total number of Ordinary Shares with voting rights is 85,423,097. The total issued share capital is 87,609,229 Ordinary Shares of €0.25 each, of which 2,186,132 are held as treasury shares and therefore do not carry voting rights.
The figure of 85,423,097 should be used by shareholders as the denominator for the calculation by which they should determine if they are required to notify their interest in, or a change to their interest in, the share capital of DCC under the FCA's Disclosure Guidance and Transparency Rules.
Capitalised words and expressions in this announcement shall, unless the context provides otherwise, have the same meanings as in the shareholder circular published by the Company on 17 November 2025 (the "Circular").
Contact information
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Investor enquiries: |
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Conor Murphy, Chief Financial Officer |
Tel: +353 1 2799 400 |
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Darragh Byrne, Company Secretary |
Email: investorrelations@dcc.ie |
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Rossa White, Head of Group Investor Relations & Comms. |
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Media enquiries: |
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Sodali & Co (Eavan Gannon/Pete Lambie) |
Tel: +44 20 7250 1446 |
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Email: DCCGroup@sodali.com |
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Davy is acting as financial adviser and broker to DCC in connection with the Tender Offer. William Fry LLP is acting as legal adviser to DCC.
About DCC plc
Invested in Energy
DCC is a customer-focused energy business, specialising in the sales, marketing, and distribution of secure, cleaner and competitive energy solutions to commercial, industrial, domestic, and transport customers. Headquartered in Dublin, DCC's ordinary shares (ISIN: IE0002424939) are listed on the London Stock Exchange (TIDM: DCC) and the Company is a constituent of the FTSE 100. In our financial year ended 31 March 2025, DCC generated revenues of £16.1 billion and adjusted operating profit of £609.7 million on continuing operations. DCC has an excellent record, delivering compound annual growth of 13% in continuing adjusted operating profit and unbroken dividend growth of 13% while maintaining high returns on capital employed over 31 years as a public company.
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Important Notices
This announcement does not constitute, or form part of, an offer or any solicitation of an offer, to purchase or repurchase securities in any jurisdiction or constitute a recommendation or advice in respect of any securities or other financial instruments or any other matter. DCC shareholders are advised to read carefully the Circular. Any response to the Tender Offer should be made only on the basis of the information in the Circular.
Davy, which is regulated in Ireland by the Central Bank of Ireland, is acting exclusively for DCC and no one else in connection with the matters described in this announcement. Davy will not regard any other person (whether or not a recipient of this announcement) as its customer or be responsible to any other person for providing the protections to customers of Davy nor for providing advice in relation to the transactions and arrangements described in this announcement. Davy is not making any representation or warranty, express or implied, as to the contents of this announcement. Davy has not approved the contents of, or any part of, this announcement and no liability whatsoever is accepted by Davy for the accuracy of any information or opinions contained in this announcement or for the omission of any information from this announcement.
Forward-looking Statements
This announcement contains certain forward-looking statements with respect to the financial condition, results of operations and business of the Group and certain plans and objectives of the Board, that are subject to risk factors associated with, amongst other things, the economic and business circumstances occurring from time to time in the countries, sectors and business segments in which the Group operates. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward looking statements often use words such as "anticipate", "target", "expect", "estimate", "intend", "plan", "goal", "believe", "will", "may", "should", "would", "could" (or the negative thereof) or other words of similar meaning. These statements are based on assumptions and assessments made by the Board in light of its experience and perception of historical trends, current conditions, expected future developments and other factors it believes appropriate. By their nature, forward-looking statements involve risk and uncertainty, and the factors described in the context of such forward-looking statements in this announcement could cause actual results or developments to differ materially from those expressed in or implied by such forward-looking statements.
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