Goldman Sachs International has filed a Form 38.5(b) disclosure with the Irish Takeover Panel, revealing its dealings in DCC Energy Plc EUR 0.25 ordinary shares dated 6 November 2026, with the filing published on 9 November 2026. The disclosure was made in Goldman Sachs International's capacity as an exempt principal trader connected to a consortium comprising Energy Capital Partners, LLC and Kohlberg Kravis Roberts & Co. L.P., acting as adviser to the offeree. The filing sets out Goldman Sachs International's post-dealing long and short positions in DCC Energy Plc, alongside a breakdown of purchases, sales, and stock lending activity. Investors monitoring the DCC Energy Plc takeover situation may watch this disclosure as evidence of ongoing market activity by a connected party during the offer period.

Key Points

  • Goldman Sachs International, acting in relation to DCC Energy Plc (DCC), filed a Form 38.5(b) under Irish Takeover Panel rules
  • Dealings in DCC Energy Plc EUR 0.25 ordinary shares were executed on 6 November 2026 and disclosed on 9 November 2026
  • Post-dealing long position: 128,654 shares (0.15%); post-dealing short position: 185,473 shares (0.21%)
  • Investors should watch for further Rule 38.5(b) disclosures as the consortium's offer process continues

Goldman Sachs International's Post-Dealing Positions in DCC Energy Plc Ordinary Shares

Following its dealings on 6 November 2026, Goldman Sachs International held a long position of 128,654 shares, representing 0.15% of DCC Energy Plc's relevant securities, and a short position of 185,473 shares, representing 0.21%. The disclosure confirms that no derivatives other than options, and no options or agreements to purchase or sell, were held in the same class of relevant security. No interests or short positions were reported in any other class of DCC Energy Plc relevant securities. The announcement states there are no agreements, arrangements, or understandings relating to voting rights connected to any options or derivatives disclosed in the form.

Breakdown of Purchase, Sale, and Stock Lending Transactions on 6 November 2026

The Form 38.5(b) details several transactions executed on 6 November 2026 in DCC Energy Plc EUR 0.25 ordinary shares. Goldman Sachs International purchased 36 securities at EUR 77.3127 per unit and conducted multiple sales: 3 shares at GBP 64.5000, 1 share at GBP 64.5000, 86 shares at GBP 64.5000, and 51 shares at EUR 77.3127. Additionally, a sale described as a "Borrow Partial Return" covered 2,443 securities at no applicable price, and a "Sale (Loan New)" covered 195 securities also at no applicable price, reflecting stock lending activity typical of an exempt principal trader operating in an offer period context.

Goldman Sachs International's Role as Adviser to the Energy Capital Partners and KKR Consortium

The disclosure confirms Goldman Sachs International is connected to the consortium comprising Energy Capital Partners, LLC and Kohlberg Kravis Roberts & Co. L.P., with the nature of that connection described as "Adviser to Offeree." This designation is relevant under the Irish Takeover Panel Act 1997 and Takeover Rules 2013, which require connected exempt principal traders to disclose dealings during an offer period regardless of whether they carry recognised intermediary status. Contact names listed in the filing are Papa Lette and Andrzej Szyszka, reachable via Paris and Warsaw telephone numbers provided in the announcement.