BNP Paribas SA, acting as a connected exempt principal trader with recognised intermediary status, 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 disclosure, published on 12 November 2026 and covering dealings undertaken on 11 November 2026, confirms a series of contract for difference transactions referencing DCC Energy Plc securities. BNP Paribas SA is disclosed as connected to Energy Capital Partners, LLC and Kohlberg Kravis Roberts & Co. L.P., the parties to the offer, making this filing a mandatory regulatory transparency measure that investors in DCC Energy Plc will be watching closely.

Key Points

  • DCC Energy Plc (DCC) is the offeree named in this Irish Takeover Panel dealing disclosure filed by BNP Paribas SA
  • BNP Paribas SA reduced multiple CFD short positions and one CFD long position in DCC Energy Plc securities on 11 November 2026
  • All transactions were executed at a price of 64.4 per unit, with the largest single transaction involving 70,287 reference securities
  • Investors should watch for further Rule 38 disclosures as the offer from Energy Capital Partners and KKR progresses

BNP Paribas SA Reduces CFD Short Positions in DCC Energy Plc at 64.4 Per Unit

The disclosure confirms that BNP Paribas SA conducted multiple cash-settled derivative transactions referencing DCC Energy Plc securities, identified under ISIN IE0002424939, on 11 November 2026. All transactions were contracts for difference and were executed at a uniform price of 64.4 per unit. The dealings predominantly involved reducing short positions, with individual transaction sizes ranging from 2 to 70,287 reference securities. One transaction involved reducing a long position of 74 reference securities. The filing was submitted by BNP Paribas London on behalf of BNP Paribas SA and was disclosed to a Regulatory Information Service on 12 November 2026 in line with Irish Takeover Panel requirements.

Connected Exempt Principal Trader Status Links BNP Paribas SA to Energy Capital Partners and KKR

BNP Paribas SA is identified in the disclosure as a connected exempt principal trader, with its connection running to the offeror parties: Energy Capital Partners, LLC and Kohlberg Kravis Roberts & Co. L.P. This designation under Rule 2.2 of Part A of the Irish Takeover Rules, 2022, means BNP Paribas SA is required to file dealing disclosures when transacting in relevant securities of DCC Energy Plc during the offer period. The announcement states that BNP Paribas SA was dealing in a client-serving capacity and confirms no indemnity arrangements, options agreements, or understandings relating to voting rights or future acquisitions were in place.

No Additional Parties or Indemnity Arrangements Disclosed in the DCC Energy Plc Filing

The announcement states explicitly that BNP Paribas SA was not making disclosures in respect of any other party to the offer beyond DCC Energy Plc. Under the other information section, the filing records that no indemnity, option arrangements, or agreements that could constitute an inducement to deal or refrain from dealing were entered into. Similarly, no agreements relating to voting rights connected to the derivatives disclosed were reported. The compliance contact listed is BNP Paribas London's Compliance Control Room. The filing represents a standard mandatory transparency obligation under Rule 38 of the Irish Takeover Rules, 2022.