Rule 38.5_A - DCC Energy plc

Morgan Stanley & Co. Int'l plc

28 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:	27 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	620,468	63.7434 GBP	63.3500 GBP
0.25 ordinary shares	SALES	387,675	63.7000 GBP	63.3873 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	reducing a short position	63	63.3873 GBP
0.25 ordinary shares	CFD	increasing a long position	300	63.3873 GBP
0.25 ordinary shares	CFD	increasing a long position	13	63.3877 GBP
0.25 ordinary shares	CFD	increasing a long position	108	63.3890 GBP
0.25 ordinary shares	CFD	reducing a short position	1,010	63.3892 GBP
0.25 ordinary shares	CFD	reducing a short position	69	63.3904 GBP
0.25 ordinary shares	CFD	reducing a short position	10,309	63.4000 GBP
0.25 ordinary shares	CFD	reducing a short position	5,245	63.4000 GBP
0.25 ordinary shares	CFD	reducing a short position	208	63.4000 GBP
0.25 ordinary shares	CFD	reducing a long position	36	63.4000 GBP
0.25 ordinary shares	CFD	increasing a short position	1,102	63.4000 GBP
0.25 ordinary shares	CFD	increasing a short position	47	63.4000 GBP
0.25 ordinary shares	CFD	reducing a short position	12,780	63.4000 GBP
0.25 ordinary shares	CFD	reducing a long position	89	63.4000 GBP
0.25 ordinary shares	CFD	increasing a short position	1,415	63.4000 GBP
0.25 ordinary shares	CFD	increasing a short position	1,444	63.4000 GBP
0.25 ordinary shares	CFD	reducing a long position	100	63.4000 GBP
0.25 ordinary shares	CFD	reducing a long position	149	63.4000 GBP
0.25 ordinary shares	CFD	increasing a short position	32	63.4000 GBP
0.25 ordinary shares	CFD	increasing a long position	172	63.4000 GBP
0.25 ordinary shares	CFD	reducing a long position	8,599	63.4000 GBP
0.25 ordinary shares	CFD	increasing a short position	16	63.4000 GBP
0.25 ordinary shares	CFD	reducing a short position	125,162	63.4000 GBP
0.25 ordinary shares	CFD	reducing a long position	21	63.4000 GBP
0.25 ordinary shares	CFD	reducing a long position	430	63.4000 GBP
0.25 ordinary shares	CFD	increasing a short position	125,162	63.4000 GBP
0.25 ordinary shares	CFD	increasing a short position	968	63.4038 GBP
0.25 ordinary shares	CFD	reducing a short position	874	63.4189 GBP
0.25 ordinary shares	CFD	increasing a short position	1,145	63.4240 GBP
0.25 ordinary shares	CFD	increasing a short position	103	63.4250 GBP
0.25 ordinary shares	CFD	increasing a short position	2,225	63.4261 GBP
0.25 ordinary shares	CFD	reducing a long position	18,541	63.4321 GBP
0.25 ordinary shares	CFD	increasing a short position	12,655	63.4330 GBP
0.25 ordinary shares	CFD	increasing a short position	3,013	63.4330 GBP
0.25 ordinary shares	CFD	increasing a short position	28,022	63.4330 GBP
0.25 ordinary shares	CFD	increasing a short position	3,013	63.4330 GBP
0.25 ordinary shares	CFD	increasing a short position	3,013	63.4330 GBP
0.25 ordinary shares	CFD	increasing a short position	603	63.4330 GBP
0.25 ordinary shares	CFD	increasing a long position	17,306	63.4348 GBP
0.25 ordinary shares	CFD	reducing a short position	82,694	63.4348 GBP
0.25 ordinary shares	CFD	reducing a short position	164	63.4395 GBP
0.25 ordinary shares	CFD	increasing a short position	20,000	63.4444 GBP
0.25 ordinary shares	CFD	increasing a short position	474	63.4537 GBP
0.25 ordinary shares	CFD	reducing a long position	1,407	63.4683 GBP
0.25 ordinary shares	CFD	increasing a short position	15,000	63.4694 GBP
0.25 ordinary shares	CFD	reducing a short position	32	63.4716 GBP
0.25 ordinary shares	CFD	increasing a short position	857	63.4764 GBP
0.25 ordinary shares	CFD	increasing a short position	602	63.4857 GBP
0.25 ordinary shares	CFD	increasing a long position	207	63.4881 GBP
0.25 ordinary shares	CFD	increasing a long position	84	63.4881 GBP
0.25 ordinary shares	CFD	reducing a long position	71	63.4980 GBP
0.25 ordinary shares	CFD	reducing a short position	60	63.5000 GBP
0.25 ordinary shares	CFD	increasing a short position	300	63.5000 GBP
0.25 ordinary shares	CFD	reducing a short position	1	63.5000 GBP
0.25 ordinary shares	CFD	increasing a short position	9,300	63.5000 GBP
0.25 ordinary shares	CFD	reducing a short position	25	63.5000 GBP
0.25 ordinary shares	CFD	increasing a short position	4,300	63.5000 GBP
0.25 ordinary shares	CFD	increasing a short position	1,000	63.5000 GBP
0.25 ordinary shares	CFD	reducing a short position	32	63.5000 GBP
0.25 ordinary shares	CFD	increasing a short position	1,000	63.5000 GBP
0.25 ordinary shares	CFD	reducing a short position	82	63.5000 GBP
0.25 ordinary shares	CFD	increasing a short position	1,000	63.5000 GBP
0.25 ordinary shares	CFD	reducing a short position	4,548	63.5038 GBP
0.25 ordinary shares	CFD	reducing a short position	3,192	63.5047 GBP
0.25 ordinary shares	CFD	increasing a short position	3,950	63.5095 GBP
0.25 ordinary shares	CFD	increasing a short position	550	63.5095 GBP
0.25 ordinary shares	CFD	increasing a short position	500	63.5095 GBP
0.25 ordinary shares	CFD	increasing a short position	277	63.5122 GBP
0.25 ordinary shares	CFD	increasing a short position	203	63.5122 GBP
0.25 ordinary shares	CFD	increasing a short position	418	63.5122 GBP
0.25 ordinary shares	CFD	increasing a short position	255	63.5122 GBP
0.25 ordinary shares	CFD	increasing a short position	189	63.5122 GBP
0.25 ordinary shares	CFD	increasing a short position	1,107	63.5122 GBP
0.25 ordinary shares	CFD	increasing a short position	153	63.5122 GBP
0.25 ordinary shares	CFD	increasing a short position	443	63.5122 GBP
0.25 ordinary shares	CFD	increasing a short position	730	63.5122 GBP
0.25 ordinary shares	CFD	increasing a short position	320	63.5122 GBP
0.25 ordinary shares	CFD	increasing a short position	146	63.5122 GBP
0.25 ordinary shares	CFD	increasing a short position	106	63.5123 GBP
0.25 ordinary shares	CFD	reducing a short position	292	63.5134 GBP
0.25 ordinary shares	CFD	increasing a short position	5,054	63.5188 GBP
0.25 ordinary shares	CFD	reducing a short position	697	63.5199 GBP
0.25 ordinary shares	CFD	reducing a short position	1,940	63.5343 GBP
0.25 ordinary shares	CFD	increasing a long position	69	63.5344 GBP
0.25 ordinary shares	CFD	increasing a short position	5,028	63.5384 GBP
0.25 ordinary shares	CFD	increasing a short position	65	63.5388 GBP
0.25 ordinary shares	CFD	increasing a long position	10	63.5400 GBP
0.25 ordinary shares	CFD	reducing a short position	720	63.5403 GBP
0.25 ordinary shares	CFD	reducing a short position	8,235	63.5437 GBP
0.25 ordinary shares	CFD	increasing a short position	289	63.5457 GBP
0.25 ordinary shares	CFD	reducing a short position	246	63.5489 GBP
0.25 ordinary shares	CFD	reducing a short position	49	63.5500 GBP
0.25 ordinary shares	CFD	reducing a short position	228	63.5500 GBP
0.25 ordinary shares	CFD	increasing a short position	10	63.5500 GBP
0.25 ordinary shares	CFD	increasing a short position	909	63.5500 GBP
0.25 ordinary shares	CFD	increasing a short position	3,950	63.5511 GBP
0.25 ordinary shares	CFD	increasing a short position	550	63.5511 GBP
0.25 ordinary shares	CFD	increasing a short position	500	63.5511 GBP
0.25 ordinary shares	CFD	reducing a long position	93	63.5547 GBP
0.25 ordinary shares	CFD	reducing a long position	474	63.5547 GBP
0.25 ordinary shares	CFD	increasing a short position	12,715	63.5631 GBP
0.25 ordinary shares	CFD	increasing a short position	1,674	63.5631 GBP
0.25 ordinary shares	CFD	increasing a short position	3,679	63.5631 GBP
0.25 ordinary shares	CFD	increasing a short position	5,101	63.5631 GBP
0.25 ordinary shares	CFD	increasing a short position	1,727	63.5631 GBP
0.25 ordinary shares	CFD	increasing a short position	3,188	63.5631 GBP
0.25 ordinary shares	CFD	increasing a short position	4,814	63.5631 GBP
0.25 ordinary shares	CFD	reducing a long position	37	63.5631 GBP
0.25 ordinary shares	CFD	increasing a short position	8,393	63.5631 GBP
0.25 ordinary shares	CFD	increasing a short position	2,336	63.5631 GBP
0.25 ordinary shares	CFD	increasing a short position	2,936	63.5631 GBP
0.25 ordinary shares	CFD	increasing a short position	1,221	63.5631 GBP
0.25 ordinary shares	CFD	increasing a short position	2,179	63.5631 GBP
0.25 ordinary shares	CFD	increasing a short position	2,200	63.5632 GBP
0.25 ordinary shares	CFD	reducing a short position	279	63.5642 GBP
0.25 ordinary shares	CFD	increasing a short position	323	63.5644 GBP
0.25 ordinary shares	CFD	reducing a short position	2,003	63.5699 GBP
0.25 ordinary shares	CFD	increasing a short position	148	63.5872 GBP
0.25 ordinary shares	CFD	increasing a short position	285	63.5903 GBP
0.25 ordinary shares	CFD	increasing a short position	17	63.6000 GBP
0.25 ordinary shares	CFD	increasing a short position	62	63.6001 GBP
0.25 ordinary shares	CFD	increasing a short position	1,211	63.6044 GBP
0.25 ordinary shares	CFD	reducing a long position	9	63.6044 GBP
0.25 ordinary shares	CFD	increasing a short position	8,815	63.6050 GBP
0.25 ordinary shares	CFD	reducing a short position	1,625	63.6056 GBP
0.25 ordinary shares	CFD	increasing a short position	297	63.6087 GBP
0.25 ordinary shares	CFD	reducing a short position	1,425	63.6099 GBP
0.25 ordinary shares	CFD	reducing a short position	6,314	63.6199 GBP
0.25 ordinary shares	CFD	increasing a short position	35,000	63.6227 GBP
0.25 ordinary shares	CFD	increasing a short position	820	63.6250 GBP
0.25 ordinary shares	CFD	increasing a short position	83	63.6307 GBP
0.25 ordinary shares	CFD	increasing a short position	1,510	63.6324 GBP
0.25 ordinary shares	CFD	increasing a short position	14,132	63.6382 GBP
0.25 ordinary shares	CFD	increasing a short position	1,861	63.6382 GBP
0.25 ordinary shares	CFD	increasing a short position	2,422	63.6382 GBP
0.25 ordinary shares	CFD	increasing a short position	1,960	63.6382 GBP
0.25 ordinary shares	CFD	increasing a short position	4,089	63.6382 GBP
0.25 ordinary shares	CFD	increasing a short position	9,328	63.6382 GBP
0.25 ordinary shares	CFD	increasing a short position	1,356	63.6382 GBP
0.25 ordinary shares	CFD	increasing a short position	2,597	63.6382 GBP
0.25 ordinary shares	CFD	increasing a short position	5,350	63.6382 GBP
0.25 ordinary shares	CFD	increasing a short position	3,544	63.6382 GBP
0.25 ordinary shares	CFD	increasing a short position	3,263	63.6382 GBP
0.25 ordinary shares	CFD	increasing a short position	5,670	63.6382 GBP
0.25 ordinary shares	CFD	increasing a short position	445	63.6405 GBP
0.25 ordinary shares	CFD	increasing a short position	35,000	63.6439 GBP
0.25 ordinary shares	CFD	increasing a short position	1,042	63.6440 GBP
0.25 ordinary shares	CFD	increasing a short position	2,100	63.6453 GBP
0.25 ordinary shares	CFD	increasing a short position	1,000	63.6453 GBP
0.25 ordinary shares	CFD	increasing a short position	1,537	63.6453 GBP
0.25 ordinary shares	CFD	increasing a short position	100	63.6453 GBP
0.25 ordinary shares	CFD	increasing a short position	4,478	63.6453 GBP
0.25 ordinary shares	CFD	increasing a short position	400	63.6453 GBP
0.25 ordinary shares	CFD	increasing a short position	614	63.6493 GBP
0.25 ordinary shares	CFD	increasing a short position	46	63.6500 GBP
0.25 ordinary shares	CFD	increasing a short position	3,900	63.6954 GBP
0.25 ordinary shares	CFD	increasing a short position	8,396	63.6954 GBP
0.25 ordinary shares	CFD	increasing a short position	800	63.6954 GBP
0.25 ordinary shares	CFD	increasing a short position	300	63.6954 GBP
0.25 ordinary shares	CFD	increasing a short position	2,731	63.6954 GBP
0.25 ordinary shares	CFD	increasing a short position	1,900	63.6954 GBP
0.25 ordinary shares	CFD	increasing a short position	204	63.7000 GBP
0.25 ordinary shares	CFD	increasing a short position	78	63.7001 GBP
0.25 ordinary shares	CFD	increasing a short position	15,380	63.7434 GBP
0.25 ordinary shares	CFD	increasing a short position	4,400	63.7434 GBP
0.25 ordinary shares	CFD	increasing a short position	16,000	63.7434 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:	28 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