Rule 38.5_A - DCC Energy plc

Morgan Stanley & Co. Int'l plc

22 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:	21 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	174,193	62.9038 GBP	62.1035 GBP
0.25 ordinary shares	SALES	94,514	62.9063 GBP	62.1000 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	206	62.1537 GBP
0.25 ordinary shares	CFD	reducing a short position	1,500	62.1813 GBP
0.25 ordinary shares	CFD	increasing a short position	1,000	62.1999 GBP
0.25 ordinary shares	CFD	increasing a short position	66	62.2038 GBP
0.25 ordinary shares	CFD	increasing a short position	330	62.2277 GBP
0.25 ordinary shares	CFD	increasing a short position	1,510	62.2874 GBP
0.25 ordinary shares	CFD	increasing a short position	66	62.3038 GBP
0.25 ordinary shares	CFD	reducing a short position	1,000	62.3063 GBP
0.25 ordinary shares	CFD	increasing a short position	5,200	62.3276 GBP
0.25 ordinary shares	CFD	increasing a short position	710	62.3282 GBP
0.25 ordinary shares	CFD	reducing a short position	598	62.3846 GBP
0.25 ordinary shares	CFD	increasing a short position	12,500	62.3936 GBP
0.25 ordinary shares	CFD	increasing a short position	676	62.4000 GBP
0.25 ordinary shares	CFD	increasing a long position	1	62.4000 GBP
0.25 ordinary shares	CFD	increasing a short position	1,389	62.4000 GBP
0.25 ordinary shares	CFD	increasing a short position	435	62.4000 GBP
0.25 ordinary shares	CFD	increasing a short position	1	62.4019 GBP
0.25 ordinary shares	CFD	increasing a short position	132	62.4038 GBP
0.25 ordinary shares	CFD	increasing a short position	45	62.4160 GBP
0.25 ordinary shares	CFD	increasing a short position	25,000	62.4187 GBP
0.25 ordinary shares	CFD	increasing a short position	266	62.4201 GBP
0.25 ordinary shares	CFD	increasing a short position	4,576	62.4308 GBP
0.25 ordinary shares	CFD	increasing a long position	61	62.4440 GBP
0.25 ordinary shares	CFD	increasing a short position	68	62.4536 GBP
0.25 ordinary shares	CFD	increasing a short position	433	62.4538 GBP
0.25 ordinary shares	CFD	increasing a short position	1	62.4769 GBP
0.25 ordinary shares	CFD	increasing a short position	441	62.4841 GBP
0.25 ordinary shares	CFD	increasing a short position	122	62.4845 GBP
0.25 ordinary shares	CFD	reducing a short position	4,369	62.4885 GBP
0.25 ordinary shares	CFD	increasing a short position	136	62.4901 GBP
0.25 ordinary shares	CFD	reducing a short position	26	62.5000 GBP
0.25 ordinary shares	CFD	reducing a short position	48	62.5000 GBP
0.25 ordinary shares	CFD	increasing a short position	29	62.5000 GBP
0.25 ordinary shares	CFD	increasing a short position	65	62.5036 GBP
0.25 ordinary shares	CFD	increasing a short position	107	62.5038 GBP
0.25 ordinary shares	CFD	increasing a short position	1,475	62.5054 GBP
0.25 ordinary shares	CFD	reducing a long position	6,534	62.5054 GBP
0.25 ordinary shares	CFD	increasing a short position	52	62.5375 GBP
0.25 ordinary shares	CFD	reducing a short position	3	62.5500 GBP
0.25 ordinary shares	CFD	reducing a short position	9	62.5667 GBP
0.25 ordinary shares	CFD	reducing a short position	66	62.5750 GBP
0.25 ordinary shares	CFD	increasing a long position	2,061	62.5931 GBP
0.25 ordinary shares	CFD	increasing a short position	102	62.5941 GBP
0.25 ordinary shares	CFD	reducing a long position	356	62.5941 GBP
0.25 ordinary shares	CFD	increasing a short position	356	62.6000 GBP
0.25 ordinary shares	CFD	reducing a short position	10	62.6000 GBP
0.25 ordinary shares	CFD	increasing a short position	159	62.6038 GBP
0.25 ordinary shares	CFD	increasing a short position	4,300	62.6176 GBP
0.25 ordinary shares	CFD	increasing a short position	300	62.6176 GBP
0.25 ordinary shares	CFD	increasing a short position	2,100	62.6176 GBP
0.25 ordinary shares	CFD	increasing a short position	900	62.6176 GBP
0.25 ordinary shares	CFD	increasing a short position	8,774	62.6176 GBP
0.25 ordinary shares	CFD	increasing a short position	2,990	62.6176 GBP
0.25 ordinary shares	CFD	increasing a short position	1,344	62.6431 GBP
0.25 ordinary shares	CFD	increasing a short position	7,354	62.6431 GBP
0.25 ordinary shares	CFD	increasing a short position	1,334	62.6431 GBP
0.25 ordinary shares	CFD	increasing a short position	7	62.6543 GBP
0.25 ordinary shares	CFD	increasing a long position	192	62.6599 GBP
0.25 ordinary shares	CFD	increasing a long position	69	62.6622 GBP
0.25 ordinary shares	CFD	increasing a short position	828	62.6687 GBP
0.25 ordinary shares	CFD	increasing a short position	100	62.6820 GBP
0.25 ordinary shares	CFD	increasing a long position	7	62.6860 GBP
0.25 ordinary shares	CFD	increasing a long position	1,395	62.7069 GBP
0.25 ordinary shares	CFD	increasing a long position	713	62.7203 GBP
0.25 ordinary shares	CFD	increasing a short position	1,206	62.7302 GBP
0.25 ordinary shares	CFD	reducing a long position	1,036	62.7307 GBP
0.25 ordinary shares	CFD	reducing a short position	158	62.8022 GBP
0.25 ordinary shares	CFD	reducing a short position	18	62.8033 GBP
0.25 ordinary shares	CFD	increasing a short position	164	62.8335 GBP
0.25 ordinary shares	CFD	reducing a long position	227	62.8420 GBP
0.25 ordinary shares	CFD	reducing a long position	558	62.8420 GBP
0.25 ordinary shares	CFD	reducing a long position	951	62.8420 GBP
0.25 ordinary shares	CFD	reducing a short position	1,465	62.8430 GBP
0.25 ordinary shares	CFD	reducing a long position	288	62.8687 GBP
0.25 ordinary shares	CFD	reducing a long position	256	62.8752 GBP
0.25 ordinary shares	CFD	increasing a short position	186	62.8799 GBP
0.25 ordinary shares	CFD	reducing a short position	94	62.9000 GBP
0.25 ordinary shares	CFD	reducing a long position	209	62.9000 GBP
0.25 ordinary shares	CFD	increasing a long position	6,754	62.9000 GBP
0.25 ordinary shares	CFD	reducing a long position	13	62.9000 GBP
0.25 ordinary shares	CFD	reducing a short position	1	62.9000 GBP
0.25 ordinary shares	CFD	reducing a short position	2,745	62.9000 GBP
0.25 ordinary shares	CFD	increasing a long position	1	62.9000 GBP
0.25 ordinary shares	CFD	reducing a long position	2,774	62.9000 GBP
0.25 ordinary shares	CFD	increasing a long position	1,013	62.9000 GBP
0.25 ordinary shares	CFD	reducing a long position	19	62.9000 GBP
0.25 ordinary shares	CFD	reducing a short position	6	62.9000 GBP
0.25 ordinary shares	CFD	reducing a short position	2,719	62.9000 GBP
0.25 ordinary shares	CFD	reducing a long position	3	62.9000 GBP
0.25 ordinary shares	CFD	reducing a short position	18	62.9000 GBP
0.25 ordinary shares	CFD	increasing a short position	1,736	62.9000 GBP
0.25 ordinary shares	CFD	increasing a short position	626	62.9038 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:	22 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