BNP Paribas Financial Markets, acting as a connected exempt principal trader, submitted a Form 38.5(a) dealing disclosure to the Irish Takeover Panel on 12 November 2026, covering transactions in DCC Energy Plc shares conducted on 11 November 2026. The disclosure relates to an active takeover offer for DCC Energy Plc involving Energy Capital Partners, LLC and Kohlberg Kravis Roberts & Co. L.P. Filed under Rule 38.5(a) of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, the submission confirms dealings carried out in a client-serving capacity. Investors monitoring the DCC Energy Plc takeover process may note this as a routine but regulatory significant transparency filing.

Key Points

  • DCC Energy Plc (DCC) — dealing disclosure filed by BNP Paribas Financial Markets under Irish Takeover Panel rules
  • BNP Paribas Financial Markets purchased 480 DCC Energy Plc shares and sold 77,601 shares on 11 November 2026
  • Share prices ranged between 64.5 and 64.7 per unit across both purchase and sale transactions; no derivative dealings were reported
  • Investors should watch for further Rule 38 disclosures as the Energy Capital Partners and KKR offer for DCC Energy Plc progresses

BNP Paribas Financial Markets' Purchase and Sale of DCC Energy Plc Shares on 11 November 2026

The disclosure details two transactions in DCC Energy Plc ordinary shares, identified by ISIN IE0002424939, executed on 11 November 2026. BNP Paribas Financial Markets purchased 480 shares at prices ranging from 64.6 to 64.7 per unit. Separately, it sold 77,601 shares at prices between 64.5 and 64.7 per unit. The significant difference in volume between the purchase and sale legs reflects activity conducted in a client-serving capacity, consistent with the firm's status as a recognised intermediary. No cash-settled derivative transactions, stock-settled derivatives, or other dealings were reported in connection with these DCC Energy Plc securities.

Energy Capital Partners and KKR Named as Parties Connected to BNP Paribas Financial Markets in DCC Energy Offer

Under Section 1(c) of the Form 38.5(a), the announcement identifies Energy Capital Partners, LLC and Kohlberg Kravis Roberts & Co. L.P. as the parties to the offer with which BNP Paribas Financial Markets is connected. DCC Energy Plc, the offeree, is an energy business subject to this live takeover process. The filing confirms that BNP Paribas Financial Markets holds no indemnity arrangements, options, or agreements relating to relevant securities that might constitute an inducement to deal or refrain from dealing. Similarly, no arrangements regarding voting rights or future acquisition of DCC Energy Plc securities were declared.

Regulatory Framework Governing This DCC Energy Plc Disclosure Under Irish Takeover Rules

The filing is governed by the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, specifically Rule 38.5(a), which requires connected exempt principal traders with recognised intermediary status to disclose dealings during an offer period. BNP Paribas Financial Markets submitted this disclosure through a Regulatory Information Service, as required under Rule 38. The contact listed for the submission is the Compliance Control Room. No correction to a prior disclosure was indicated. Market participants tracking the regulatory timeline of the DCC Energy Plc offer should anticipate continued periodic filings of this nature from connected parties throughout the offer period.