BNP Paribas Financial Markets has submitted a Form 38.5(a) dealing disclosure to the Irish Takeover Panel regarding DCC Energy Plc, the energy division subject to a takeover offer from Kohlberg Kravis Roberts & Co. L.P. and Energy Capital Partners, LLC. The disclosure, dated 4 November 2026 and covering dealings undertaken on 3 November 2026, confirms 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 Rule 38.5(a) of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, and is relevant to investors monitoring the progress of the takeover process.

Key Points

  • DCC Energy Plc (DCC) — energy business subject to a live takeover offer
  • BNP Paribas Financial Markets disclosed purchases and sales of DCC Energy Plc shares under Irish Takeover Panel rules on dealings dated 3 November 2026
  • Purchases of 103,094 shares at 64.5p per unit; sales of 414 shares at prices between 64.4p and 64.5p per unit
  • Investors should watch for further dealing disclosures and any formal offer documentation from KKR and Energy Capital Partners

BNP Paribas Financial Markets Acts as Connected Exempt Principal Trader in DCC Energy Plc Securities

The disclosure identifies BNP Paribas Financial Markets as a connected exempt principal trader linked to the offer parties — Energy Capital Partners, LLC and Kohlberg Kravis Roberts & Co. L.P. — which are jointly pursuing the acquisition of DCC Energy Plc. Under the Irish Takeover Rules, parties connected to an offeror must disclose dealings in the target company's relevant securities on a timely basis. BNP Paribas Financial Markets stated it was acting in a client-serving capacity and confirmed that no indemnity arrangements, options, or other agreements that might constitute an inducement to deal or refrain from dealing were in place.

Share Dealings in DCC Energy Plc on 3 November 2026: Volumes and Prices Disclosed

The filing records purchases of 103,094 securities under ISIN IE0002424939 — DCC Energy Plc's relevant share class — at a price of 64.5p per unit for both the highest and lowest transaction price, indicating a consistent execution level. Additionally, 414 securities were sold, with prices ranging from 64.4p to 64.5p per unit. No cash-settled derivative transactions, stock-settled derivative transactions, or other dealings were reported in sections 2(b), 2(c), or 2(d) of the form, suggesting activity was confined to straightforward equity purchases and sales on that date.

KKR and Energy Capital Partners Takeover Offer for DCC Energy Plc Drives Regulatory Disclosure Obligations

DCC Energy Plc is an energy distribution and services business operating across multiple European markets, and the proposed acquisition by KKR and Energy Capital Partners represents a significant transaction in the European energy sector. The active offer period triggers mandatory disclosure obligations for all connected principal traders under the Irish Takeover Panel Act, 1997, Takeover Rules, 2022. BNP Paribas Financial Markets confirmed no agreements or understandings relating to voting rights or future acquisition or disposal of relevant securities existed at the time of filing. Investors may be watching for further disclosures as the offer process continues.