Rule 38.5_A - DCC Energy plc

Morgan Stanley & Co. Int'l plc

23 September 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 September 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	125,358	64.4000 GBP	64.2750 GBP
0.25 ordinary shares	PURCHASES	1	85.7535 USD	85.7535 USD
0.25 ordinary shares	SALES	58,225	64.4019 GBP	64.3000 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	4	64.3000 GBP
0.25 ordinary shares	CFD	increasing a short position	4,103	64.3000 GBP
0.25 ordinary shares	CFD	reducing a long position	537	64.3000 GBP
0.25 ordinary shares	CFD	increasing a short position	247	64.3000 GBP
0.25 ordinary shares	CFD	increasing a short position	848	64.3000 GBP
0.25 ordinary shares	CFD	reducing a long position	380	64.3000 GBP
0.25 ordinary shares	CFD	increasing a long position	108	64.3000 GBP
0.25 ordinary shares	CFD	reducing a short position	39	64.3000 GBP
0.25 ordinary shares	CFD	increasing a short position	29	64.3000 GBP
0.25 ordinary shares	CFD	increasing a short position	30	64.3000 GBP
0.25 ordinary shares	CFD	increasing a short position	167	64.3000 GBP
0.25 ordinary shares	CFD	increasing a long position	5,423	64.3000 GBP
0.25 ordinary shares	CFD	increasing a short position	170	64.3000 GBP
0.25 ordinary shares	CFD	increasing a short position	2,781	64.3000 GBP
0.25 ordinary shares	CFD	reducing a long position	3	64.3000 GBP
0.25 ordinary shares	CFD	increasing a short position	1	64.3000 GBP
0.25 ordinary shares	CFD	increasing a short position	1,371	64.3000 GBP
0.25 ordinary shares	CFD	increasing a short position	1	64.3000 GBP
0.25 ordinary shares	CFD	reducing a short position	7,532	64.3000 GBP
0.25 ordinary shares	CFD	increasing a long position	78	64.3006 GBP
0.25 ordinary shares	CFD	increasing a short position	42	64.3038 GBP
0.25 ordinary shares	CFD	increasing a short position	1,176	64.3039 GBP
0.25 ordinary shares	CFD	increasing a short position	970	64.3051 GBP
0.25 ordinary shares	CFD	reducing a long position	1,355	64.3078 GBP
0.25 ordinary shares	CFD	increasing a short position	2,295	64.3080 GBP
0.25 ordinary shares	CFD	reducing a long position	5,423	64.3080 GBP
0.25 ordinary shares	CFD	increasing a short position	278	64.3140 GBP
0.25 ordinary shares	CFD	increasing a short position	360	64.3141 GBP
0.25 ordinary shares	CFD	increasing a short position	3,060	64.3147 GBP
0.25 ordinary shares	CFD	reducing a short position	211	64.3151 GBP
0.25 ordinary shares	CFD	reducing a short position	880	64.3151 GBP
0.25 ordinary shares	CFD	reducing a short position	487	64.3151 GBP
0.25 ordinary shares	CFD	reducing a short position	182	64.3181 GBP
0.25 ordinary shares	CFD	reducing a short position	221	64.3189 GBP
0.25 ordinary shares	CFD	reducing a short position	937	64.3197 GBP
0.25 ordinary shares	CFD	increasing a long position	71	64.3199 GBP
0.25 ordinary shares	CFD	reducing a short position	2,011	64.3200 GBP
0.25 ordinary shares	CFD	reducing a short position	468	64.3212 GBP
0.25 ordinary shares	CFD	increasing a short position	55	64.3232 GBP
0.25 ordinary shares	CFD	increasing a short position	91	64.3272 GBP
0.25 ordinary shares	CFD	increasing a short position	23	64.3287 GBP
0.25 ordinary shares	CFD	increasing a short position	166	64.3289 GBP
0.25 ordinary shares	CFD	increasing a short position	65,000	64.3331 GBP
0.25 ordinary shares	CFD	reducing a short position	9,449	64.3364 GBP
0.25 ordinary shares	CFD	increasing a short position	141	64.3414 GBP
0.25 ordinary shares	CFD	increasing a short position	568	64.3460 GBP
0.25 ordinary shares	CFD	increasing a short position	16	64.3473 GBP
0.25 ordinary shares	CFD	increasing a short position	53	64.3499 GBP
0.25 ordinary shares	CFD	increasing a short position	15	64.3500 GBP
0.25 ordinary shares	CFD	increasing a short position	40	64.3500 GBP
0.25 ordinary shares	CFD	reducing a long position	1	64.3500 GBP
0.25 ordinary shares	CFD	increasing a long position	365	64.3500 GBP
0.25 ordinary shares	CFD	increasing a short position	36	64.3500 GBP
0.25 ordinary shares	CFD	increasing a short position	87	64.3539 GBP
0.25 ordinary shares	CFD	reducing a long position	2,045	64.3584 GBP
0.25 ordinary shares	CFD	reducing a short position	14	64.3657 GBP
0.25 ordinary shares	CFD	reducing a short position	49	64.3673 GBP
0.25 ordinary shares	CFD	increasing a long position	380	64.3875 GBP
0.25 ordinary shares	CFD	reducing a short position	278	64.3875 GBP
0.25 ordinary shares	CFD	increasing a short position	57	64.4000 GBP
0.25 ordinary shares	CFD	increasing a short position	108	64.4000 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 September 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