Goldman Sachs International submitted a Form 38.5(a) disclosure to the Irish Takeover Panel on 12 November 2026, detailing transactions in DCC Energy Plc's EUR 0.25 ordinary shares conducted on 11 November 2026. The filing was made under Rule 38.5(a) of the Irish Takeover Panel Act, 1997, Takeover Rules, 2013, as Goldman Sachs International acted in its capacity as a connected exempt principal trader with recognised intermediary status. The disclosure identifies Goldman Sachs International as adviser to the offeree, which is connected to the consortium comprising Energy Capital Partners, LLC and Kohlberg Kravis Roberts & Co. L.P. Investors monitoring the ongoing situation around DCC Energy Plc may find the volume and nature of these dealings of interest.

Key Points

  • GoldmanSachs International (DCC) — disclosure filed in relation to DCC Energy Plc EUR 0.25 ordinary shares
  • Goldman Sachs International acquired 88,210 shares and disposed of 211,863 shares on 11 November 2026, with prices ranging between 64.5371 GBP and 64.7000 GBP
  • Multiple CFD transactions were executed, including positions opened, increased, reduced and closed across both long and short sides
  • Investors should watch for further Rule 38.5(a) disclosures and any formal offer documentation from the Energy Capital Partners and KKR consortium

Goldman Sachs International's Share Purchases and Disposals in DCC Energy Plc on 11 November 2026

According to the announcement, Goldman Sachs International acquired a total of 88,210 DCC Energy Plc EUR 0.25 ordinary shares, with the highest price paid reaching 64.7000 GBP and the lowest price paid recorded at 64.5500 GBP. On the disposal side, 211,863 shares were sold, with the highest price received standing at 64.7000 GBP and the lowest at 64.5371 GBP. These transactions were conducted on 11 November 2026 in Goldman Sachs International's capacity as a connected exempt principal trader dealing in a client-serving capacity, as defined under the Irish Takeover Panel's disclosure framework.

CFD Activity Across Long and Short Positions in DCC Energy Plc Ordinary Shares

The Form 38.5(a) filing details an extensive range of contracts for difference transactions referencing DCC Energy Plc ordinary shares. These included opening, increasing, reducing, and closing both long and short CFD positions across multiple price levels, spanning from 64.5371 GBP to 64.7227 GBP per unit. Notable among these were an opening of a short position referencing 42,168 securities at 64.6389 GBP, an increase of a short position referencing 18,292 securities at 64.6896 GBP, and the closing of a short position referencing 3,181 securities at 64.5980 GBP. The announcement states no agreements or arrangements relating to voting rights or derivatives were in place.

Energy Capital Partners and KKR Consortium Connection Disclosed in Filing

The filing confirms Goldman Sachs International's connection to the offeree, with the named offeror consortium comprising Energy Capital Partners, LLC and Kohlberg Kravis Roberts & Co. L.P. DCC Energy Plc is an energy distribution and services business, and the existence of a formal consortium structure suggests a live takeover process governed by Irish Takeover Panel rules. Contact persons for the disclosure are listed as Papa Lette and Andrzej Szyszka, reachable via Paris and Warsaw offices respectively, reflecting Goldman Sachs International's European advisory operations supporting this transaction.