Goldman Sachs International has filed a Form 38.5(b) disclosure with the Irish Takeover Panel, reporting dealings in DCC Energy Plc EUR 0.25 ordinary shares conducted on 12 November 2026. The filing identifies Goldman Sachs International acting as an exempt principal trader connected to a consortium comprising Energy Capital Partners, LLC and Kohlberg Kravis Roberts & Co. L.P., in its capacity as adviser to the offeree. The disclosure confirms sale transactions executed at prices of 64.55 GBP and 64.65 GBP per share, alongside stock borrowing activity, and sets out Goldman Sachs International's resulting net positions in the energy distribution business.

Key Points

  • GoldmanSachs International (DCC) — disclosure filed under Irish Takeover Panel Act, 1997, Takeover Rules, 2013
  • Goldman Sachs International reported sale dealings in DCC Energy Plc EUR 0.25 ordinary shares dated 12 November 2026
  • Post-dealing long position: 128,498 shares (0.15%); short position: 177,239 shares (0.20%); sales executed at 64.55 GBP and 64.65 GBP per share
  • Investors may be watching further disclosure filings as the consortium takeover process involving DCC Energy Plc progresses

Goldman Sachs International's Post-Dealing Positions in DCC Energy Plc EUR 0.25 Ordinary Shares

Following the dealings reported on 12 November 2026, Goldman Sachs International held a long position of 128,498 DCC Energy Plc EUR 0.25 ordinary shares, representing 0.15% of the relevant class, and a short position of 177,239 shares, representing 0.20%. The disclosure confirms that no derivatives other than options, and no options or agreements to purchase or sell, formed part of the reported position. The company did not disclose any interests or short positions in other classes of DCC Energy Plc relevant securities beyond the EUR 0.25 ordinary share class dealt in on the date in question.

Sale Transactions and Stock Borrowing Activity Reported by Goldman Sachs International on 12 November 2026

The Form 38.5(b) sets out that Goldman Sachs International executed outright sales of 14 shares and 5 shares at 64.55 GBP per unit, and 2,109 shares at 64.65 GBP per unit. Additionally, the filing records a borrow partial return of 126 shares and a loan new transaction of 44 shares, both at no applicable price per unit. No derivatives transactions or options dealings were reported alongside these outright sale and stock lending entries, and the announcement states that no supplemental Form 8 was attached to this disclosure.

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

The filing identifies Goldman Sachs International as connected to Energy Capital Partners, LLC and Kohlberg Kravis Roberts & Co. L.P., described collectively as "the Consortium," in its stated capacity as adviser to the offeree. DCC Energy Plc is an energy distribution business whose shares are subject to Irish Takeover Panel oversight given the active offer process. The announcement confirms no agreements, arrangements, or understandings exist between Goldman Sachs International and any other party relating to voting rights, future acquisition, or disposal of any relevant securities referenced in the form.