Rule 38.5_A - DCC Energy plc

Morgan Stanley & Co. Int'l plc

30 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:	29 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	272,977	63.5127 GBP	63.2047 GBP
0.25 ordinary shares	PURCHASES	530	84.3820 USD	84.3820 USD
0.25 ordinary shares	SALES	219,778	63.5044 GBP	63.2038 GBP
0.25 ordinary shares	SALES	530	84.3820 USD	84.3820 USD

(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	428	63.2244 GBP
0.25 ordinary shares	CFD	reducing a short position	46	63.2247 GBP
0.25 ordinary shares	CFD	increasing a short position	28	63.2375 GBP
0.25 ordinary shares	CFD	increasing a short position	12	63.2375 GBP
0.25 ordinary shares	CFD	increasing a short position	16	63.2375 GBP
0.25 ordinary shares	CFD	increasing a short position	46	63.2376 GBP
0.25 ordinary shares	CFD	increasing a short position	110	63.2376 GBP
0.25 ordinary shares	CFD	increasing a short position	17	63.2376 GBP
0.25 ordinary shares	CFD	increasing a short position	440	63.2376 GBP
0.25 ordinary shares	CFD	increasing a short position	58	63.2376 GBP
0.25 ordinary shares	CFD	increasing a short position	42	63.2376 GBP
0.25 ordinary shares	CFD	increasing a short position	80	63.2376 GBP
0.25 ordinary shares	CFD	increasing a short position	61	63.2377 GBP
0.25 ordinary shares	CFD	increasing a short position	176	63.2377 GBP
0.25 ordinary shares	CFD	increasing a short position	162	63.2377 GBP
0.25 ordinary shares	CFD	increasing a short position	103	63.2377 GBP
0.25 ordinary shares	CFD	increasing a short position	30	63.2377 GBP
0.25 ordinary shares	CFD	increasing a short position	290	63.2377 GBP
0.25 ordinary shares	CFD	increasing a short position	166	63.2377 GBP
0.25 ordinary shares	CFD	increasing a short position	75	63.2377 GBP
0.25 ordinary shares	CFD	increasing a short position	121	63.2377 GBP
0.25 ordinary shares	CFD	increasing a short position	101	63.2377 GBP
0.25 ordinary shares	CFD	increasing a short position	49	63.2378 GBP
0.25 ordinary shares	CFD	increasing a short position	21	63.2381 GBP
0.25 ordinary shares	CFD	increasing a short position	1,352	63.2500 GBP
0.25 ordinary shares	CFD	increasing a long position	319	63.2500 GBP
0.25 ordinary shares	CFD	increasing a short position	2,778	63.2500 GBP
0.25 ordinary shares	CFD	increasing a short position	48	63.2500 GBP
0.25 ordinary shares	CFD	increasing a short position	870	63.2500 GBP
0.25 ordinary shares	CFD	increasing a short position	5	63.2620 GBP
0.25 ordinary shares	CFD	increasing a short position	9	63.2622 GBP
0.25 ordinary shares	CFD	increasing a short position	13	63.2623 GBP
0.25 ordinary shares	CFD	increasing a short position	16	63.2625 GBP
0.25 ordinary shares	CFD	increasing a short position	20	63.2625 GBP
0.25 ordinary shares	CFD	increasing a short position	12	63.2625 GBP
0.25 ordinary shares	CFD	increasing a short position	35	63.2626 GBP
0.25 ordinary shares	CFD	increasing a short position	1,020	63.2626 GBP
0.25 ordinary shares	CFD	increasing a short position	963	63.2626 GBP
0.25 ordinary shares	CFD	increasing a short position	243	63.2626 GBP
0.25 ordinary shares	CFD	increasing a short position	638	63.2626 GBP
0.25 ordinary shares	CFD	increasing a short position	467	63.2627 GBP
0.25 ordinary shares	CFD	increasing a short position	353	63.2627 GBP
0.25 ordinary shares	CFD	increasing a short position	335	63.2627 GBP
0.25 ordinary shares	CFD	increasing a short position	736	63.2627 GBP
0.25 ordinary shares	CFD	increasing a short position	22	63.2627 GBP
0.25 ordinary shares	CFD	increasing a short position	1,679	63.2627 GBP
0.25 ordinary shares	CFD	increasing a short position	587	63.2627 GBP
0.25 ordinary shares	CFD	increasing a short position	2,598	63.2627 GBP
0.25 ordinary shares	CFD	increasing a short position	436	63.2627 GBP
0.25 ordinary shares	CFD	increasing a short position	7	63.2629 GBP
0.25 ordinary shares	CFD	increasing a short position	7	63.2629 GBP
0.25 ordinary shares	CFD	increasing a short position	10	63.2630 GBP
0.25 ordinary shares	CFD	increasing a short position	727	63.2631 GBP
0.25 ordinary shares	CFD	increasing a short position	7,893	63.2837 GBP
0.25 ordinary shares	CFD	reducing a long position	5	63.2837 GBP
0.25 ordinary shares	CFD	increasing a short position	741	63.2879 GBP
0.25 ordinary shares	CFD	increasing a short position	1,406	63.2879 GBP
0.25 ordinary shares	CFD	increasing a short position	882	63.2879 GBP
0.25 ordinary shares	CFD	increasing a short position	1,594	63.2879 GBP
0.25 ordinary shares	CFD	increasing a short position	1,637	63.2879 GBP
0.25 ordinary shares	CFD	increasing a short position	998	63.2879 GBP
0.25 ordinary shares	CFD	increasing a short position	794	63.2879 GBP
0.25 ordinary shares	CFD	increasing a short position	1,025	63.2880 GBP
0.25 ordinary shares	CFD	increasing a short position	600	63.2880 GBP
0.25 ordinary shares	CFD	increasing a short position	10,681	63.2880 GBP
0.25 ordinary shares	CFD	increasing a short position	3,091	63.2880 GBP
0.25 ordinary shares	CFD	increasing a short position	1,468	63.2880 GBP
0.25 ordinary shares	CFD	increasing a short position	4,285	63.2880 GBP
0.25 ordinary shares	CFD	increasing a short position	1,168	63.2880 GBP
0.25 ordinary shares	CFD	increasing a short position	1,084	63.2880 GBP
0.25 ordinary shares	CFD	increasing a short position	1,089	63.2880 GBP
0.25 ordinary shares	CFD	increasing a short position	7,050	63.2880 GBP
0.25 ordinary shares	CFD	increasing a short position	2,407	63.2880 GBP
0.25 ordinary shares	CFD	increasing a short position	10,341	63.2929 GBP
0.25 ordinary shares	CFD	reducing a long position	3,725	63.2929 GBP
0.25 ordinary shares	CFD	increasing a short position	87	63.3000 GBP
0.25 ordinary shares	CFD	reducing a long position	50	63.3000 GBP
0.25 ordinary shares	CFD	reducing a long position	6,379	63.3000 GBP
0.25 ordinary shares	CFD	increasing a short position	64	63.3010 GBP
0.25 ordinary shares	CFD	increasing a short position	200	63.3045 GBP
0.25 ordinary shares	CFD	increasing a short position	3,950	63.3095 GBP
0.25 ordinary shares	CFD	increasing a short position	550	63.3095 GBP
0.25 ordinary shares	CFD	increasing a short position	500	63.3095 GBP
0.25 ordinary shares	CFD	increasing a short position	746	63.3116 GBP
0.25 ordinary shares	CFD	increasing a long position	6,046	63.3123 GBP
0.25 ordinary shares	CFD	reducing a short position	548	63.3129 GBP
0.25 ordinary shares	CFD	increasing a long position	10,973	63.3183 GBP
0.25 ordinary shares	CFD	reducing a short position	936	63.3204 GBP
0.25 ordinary shares	CFD	reducing a short position	201	63.3204 GBP
0.25 ordinary shares	CFD	reducing a short position	38,741	63.3204 GBP
0.25 ordinary shares	CFD	reducing a short position	927	63.3292 GBP
0.25 ordinary shares	CFD	reducing a long position	9,288	63.3326 GBP
0.25 ordinary shares	CFD	reducing a long position	241	63.3342 GBP
0.25 ordinary shares	CFD	reducing a long position	98	63.3342 GBP
0.25 ordinary shares	CFD	reducing a long position	15	63.3367 GBP
0.25 ordinary shares	CFD	reducing a short position	1,404	63.3367 GBP
0.25 ordinary shares	CFD	reducing a long position	86	63.3390 GBP
0.25 ordinary shares	CFD	reducing a short position	7,430	63.3399 GBP
0.25 ordinary shares	CFD	increasing a short position	5,521	63.3449 GBP
0.25 ordinary shares	CFD	increasing a short position	400	63.3449 GBP
0.25 ordinary shares	CFD	increasing a short position	4,600	63.3449 GBP
0.25 ordinary shares	CFD	increasing a short position	5,300	63.3449 GBP
0.25 ordinary shares	CFD	increasing a short position	11,372	63.3449 GBP
0.25 ordinary shares	CFD	increasing a short position	1,600	63.3449 GBP
0.25 ordinary shares	CFD	increasing a short position	65	63.3500 GBP
0.25 ordinary shares	CFD	increasing a short position	25	63.3500 GBP
0.25 ordinary shares	CFD	increasing a short position	48	63.3500 GBP
0.25 ordinary shares	CFD	increasing a short position	5,456	63.3530 GBP
0.25 ordinary shares	CFD	increasing a short position	4,031	63.3530 GBP
0.25 ordinary shares	CFD	reducing a long position	31	63.3568 GBP
0.25 ordinary shares	CFD	increasing a short position	3,950	63.3595 GBP
0.25 ordinary shares	CFD	increasing a short position	500	63.3595 GBP
0.25 ordinary shares	CFD	increasing a short position	550	63.3595 GBP
0.25 ordinary shares	CFD	reducing a short position	120	63.3696 GBP
0.25 ordinary shares	CFD	reducing a short position	1,265	63.3750 GBP
0.25 ordinary shares	CFD	reducing a short position	324	63.3750 GBP
0.25 ordinary shares	CFD	reducing a short position	3,339	63.3750 GBP
0.25 ordinary shares	CFD	reducing a short position	1,013	63.3750 GBP
0.25 ordinary shares	CFD	reducing a short position	824	63.3750 GBP
0.25 ordinary shares	CFD	reducing a short position	2,523	63.3750 GBP
0.25 ordinary shares	CFD	reducing a short position	682	63.3750 GBP
0.25 ordinary shares	CFD	reducing a short position	732	63.3750 GBP
0.25 ordinary shares	CFD	reducing a short position	110	63.3831 GBP
0.25 ordinary shares	CFD	reducing a short position	115	63.3847 GBP
0.25 ordinary shares	CFD	reducing a short position	1,057	63.3848 GBP
0.25 ordinary shares	CFD	increasing a short position	1,892	63.3956 GBP
0.25 ordinary shares	CFD	increasing a short position	7,891	63.3960 GBP
0.25 ordinary shares	CFD	reducing a long position	1,719	63.3973 GBP
0.25 ordinary shares	CFD	reducing a long position	51	63.3973 GBP
0.25 ordinary shares	CFD	increasing a short position	2,132	63.4044 GBP
0.25 ordinary shares	CFD	reducing a short position	65	63.4103 GBP
0.25 ordinary shares	CFD	reducing a short position	2,949	63.4160 GBP
0.25 ordinary shares	CFD	increasing a short position	25	63.4312 GBP
0.25 ordinary shares	CFD	increasing a long position	25	63.4348 GBP
0.25 ordinary shares	CFD	increasing a long position	11	63.4348 GBP
0.25 ordinary shares	CFD	increasing a short position	900	63.4374 GBP
0.25 ordinary shares	CFD	reducing a long position	205	63.4493 GBP
0.25 ordinary shares	CFD	increasing a short position	12	63.4583 GBP
0.25 ordinary shares	CFD	reducing a long position	244	63.4762 GBP
0.25 ordinary shares	CFD	increasing a long position	2	63.4850 GBP
0.25 ordinary shares	CFD	increasing a long position	10	63.4873 GBP
0.25 ordinary shares	CFD	increasing a long position	1	63.4900 GBP
0.25 ordinary shares	CFD	increasing a long position	1,689	63.4954 GBP
0.25 ordinary shares	CFD	reducing a long position	7,799	63.5000 GBP
0.25 ordinary shares	CFD	increasing a long position	3	63.5000 GBP
0.25 ordinary shares	CFD	increasing a long position	13	63.5000 GBP
0.25 ordinary shares	CFD	reducing a long position	5	63.5000 GBP
0.25 ordinary shares	CFD	reducing a short position	410	63.5000 GBP
0.25 ordinary shares	CFD	increasing a short position	2,716	63.5000 GBP
0.25 ordinary shares	CFD	reducing a short position	2,716	63.5000 GBP
0.25 ordinary shares	CFD	reducing a short position	2,458	63.5000 GBP
0.25 ordinary shares	CFD	reducing a short position	1,186	63.5000 GBP
0.25 ordinary shares	CFD	reducing a short position	1,719	63.5000 GBP
0.25 ordinary shares	CFD	reducing a short position	10,341	63.5000 GBP
0.25 ordinary shares	CFD	increasing a long position	19	63.5000 GBP
0.25 ordinary shares	CFD	increasing a long position	27	63.5002 GBP
0.25 ordinary shares	CFD	reducing a long position	326	63.5127 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:	30 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