BNP Paribas Financial Markets has submitted a Form 38.5(a) dealing disclosure to the Irish Takeover Panel concerning DCC Energy Plc (DCC), the energy distribution and services business, covering transactions undertaken on 2 November 2026. The disclosure connects BNP Paribas Financial Markets to Energy Capital Partners, LLC and Kohlberg Kravis Roberts & Co. L.P., the parties to the offer. Filed on 3 November 2026 under Rule 38.5(a) of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, the document records share purchases and sales carried out in a client-serving capacity by the bank as a connected exempt principal trader with recognised intermediary status. Investors monitoring the DCC takeover process may note the continued flow of mandatory dealing disclosures as the offer progresses.

Key Points

  • DCC Energy Plc (DCC) — subject of a takeover offer involving Energy Capital Partners, LLC and Kohlberg Kravis Roberts & Co. L.P.
  • BNP Paribas Financial Markets disclosed purchases of 70,053 DCC Energy shares and sales of 267,057 shares on 2 November 2026
  • All transactions were in securities identified under ISIN IE0002424939, with prices ranging between 64.4 and 64.5 per unit
  • Investors should watch for further Rule 38 disclosures as the Irish Takeover Panel process continues

BNP Paribas Acts as Connected Exempt Principal Trader in DCC Energy Dealings

BNP Paribas Financial Markets filed the disclosure in its capacity as a connected exempt principal trader with recognised intermediary status, acting in a client-serving capacity rather than on its own account. The filing confirms the bank's connection to Energy Capital Partners, LLC and Kohlberg Kravis Roberts & Co. L.P., the offeror parties in the DCC Energy Plc takeover. DCC Energy Plc is an energy distribution business operating under Irish corporate registration, with its relevant securities identified by ISIN IE0002424939. The disclosure states that no indemnity, option arrangements, or agreements relating to voting rights or future acquisitions were in place between BNP Paribas Financial Markets and any party to the offer.

DCC Energy Share Purchases and Sales Recorded at 64.4–64.5 Per Unit on 2 November 2026

The Form 38.5(a) records two categories of equity transaction in DCC Energy Plc's ordinary shares on 2 November 2026. BNP Paribas Financial Markets purchased 70,053 shares at a price of 64.5 per unit, while selling 267,057 shares at prices between 64.4 and 64.5 per unit. No cash-settled derivative transactions, stock-settled derivative transactions, or other dealings were disclosed in the relevant sections of the form. The currency denomination of the prices was not explicitly stated in the announcement. No further financial metrics, offer valuation, or premium data were included within the scope of this particular regulatory filing.

Irish Takeover Panel Rules Require Mandatory Transparency During DCC Energy Offer Period

Under Rule 38.5(a) of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, connected exempt principal traders are required to make public dealing disclosures during an offer period to ensure market transparency. DCC Energy Plc, as the offeree company, sits at the centre of this regulatory framework, with all parties connected to the offerors — including financial intermediaries such as BNP Paribas Financial Markets — obligated to file timely disclosures. This filing was made to a Regulatory Information Service on 3 November 2026, the day following the dealings. The Compliance Control Room at BNP Paribas Financial Markets is listed as the contact for this submission.