BNP Paribas Financial Markets has filed a dealing disclosure under Rule 38.5(a) of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, relating to DCC Energy Plc (DCC), the energy distribution business subject to a takeover offer involving Energy Capital Partners, LLC and Kohlberg Kravis Roberts & Co. L.P. The disclosure, dated 5 November 2026 and covering dealings undertaken on 4 November 2026, confirms that BNP Paribas Financial Markets acted as a connected exempt principal trader with recognised intermediary status, dealing in a client-serving capacity. The filing is a regulatory requirement under the Irish Takeover Panel's rules and provides transparency around market activity in DCC Energy Plc securities during the live offer period. Investors monitoring the ongoing takeover process may note the trading activity disclosed within the form.

Key Points

  • DCC Energy Plc (DCC) is the offeree named in this Irish Takeover Panel dealing disclosure filed by BNP Paribas Financial Markets
  • BNP Paribas Financial Markets purchased 13,478 DCC Energy Plc securities and sold 71,331 securities on 4 November 2026
  • Dealings in security class IE0002424939 were conducted at prices ranging between 64.4 and 64.5 per unit
  • Investors should watch for further Rule 38 disclosures as the takeover offer from Energy Capital Partners and KKR progresses

BNP Paribas Financial Markets' Purchases and Sales of DCC Energy Securities on 4 November 2026

The Form 38.5(a) filing confirms that BNP Paribas Financial Markets undertook two categories of transactions in DCC Energy Plc securities, identified by ISIN IE0002424939, on 4 November 2026. On the purchase side, 13,478 securities were acquired at a price of 64.5 per unit, with both the highest and lowest prices recorded at the same level. On the sale side, 71,331 securities were disposed of, with the highest price received recorded at 64.5 per unit and the lowest at 64.4 per unit. No cash-settled derivatives, stock-settled derivatives, or other dealing types were reported within this particular disclosure.

BNP Paribas Connected to Energy Capital Partners and KKR Under Irish Takeover Panel Rules

The disclosure identifies BNP Paribas Financial Markets as connected to Energy Capital Partners, LLC and Kohlberg Kravis Roberts & Co. L.P., the parties to the offer, as defined under Rule 2.2 of Part A of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022. This connection requires the firm to file public dealing disclosures throughout the offer period whenever it transacts in relevant securities of DCC Energy Plc. The announcement states that BNP Paribas Financial Markets was acting in a client-serving capacity and holds recognised intermediary status, distinguishing its role from that of a principal trading for its own strategic account in relation to the transaction.

No Indemnity Arrangements or Derivative Agreements Reported in BNP Paribas DCC Filing

The disclosure confirms that BNP Paribas Financial Markets has reported no indemnity or option arrangements, and no agreements or understandings relating to relevant securities that might constitute an inducement to deal or refrain from dealing with any party to the offer. Similarly, no agreements relating to voting rights or future acquisition or disposal of DCC Energy Plc securities linked to any derivative are reported. The filing was made public on 5 November 2026 through a Regulatory Information Service, fulfilling the requirements of Rule 38 of the Irish Takeover Panel Rules, with the Compliance Control Room listed as the contact.