J&E Davy Unlimited Company has filed a Form 38.5(a) dealing disclosure with the Irish Takeover Panel, confirming transactions in ordinary shares of DCC Energy plc (DCC) conducted on 3 November 2026. The disclosure was submitted on 4 November 2026 under Rule 38.5(a) of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, identifying J&E Davy as a connected exempt principal trader acting in a client-serving capacity with Recognised Intermediary Status. The filing confirms both purchases and sales of DCC Energy plc ordinary shares, with prices ranging between 6,450 GBX and 6,455 GBX per unit. Investors monitoring activity around DCC Energy plc during any offer period may note such mandatory disclosures as a routine but regulated transparency mechanism.

Key Points

  • J&E Davy Unlimited Company filed a Form 38.5(a) dealing disclosure relating to DCC Energy plc (DCC)
  • Dealings in DCC Energy plc ORD EUR0.25 shares were undertaken on 3 November 2026 in a client-serving capacity
  • Purchases totalled 25,000 shares; sales totalled 28,995 shares, both transacted between 6,450 GBX and 6,455 GBX per unit
  • Investors should watch for further Rule 38 disclosures relating to DCC Energy plc as the offer situation develops

J&E Davy's Connected Exempt Principal Trader Status and Its Role in the DCC Energy Disclosure

Under the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, certain market participants classified as exempt principal traders with Recognised Intermediary Status are required to disclose dealings in securities of an offeror or offeree where they are connected to a party to the offer. J&E Davy Unlimited Company has confirmed it is connected to DCC Energy plc, the named offeror or offeree in this disclosure. The firm acted in a client-serving capacity when conducting the reported transactions, which is consistent with its stated Recognised Intermediary Status under the applicable rules. No indemnity or option arrangements were disclosed in connection with these dealings.

DCC Energy plc ORD EUR0.25 Share Transactions: Purchase and Sale Volume on 3 November 2026

The Form 38.5(a) filing records two categories of activity in DCC Energy plc's ordinary shares, each carrying a nominal value of EUR0.25. J&E Davy purchased 25,000 shares at prices ranging from a low of 6,450 GBX to a high of 6,455 GBX per unit. On the same date, the firm sold 28,995 shares within the identical price range of 6,450 GBX to 6,455 GBX per unit. No cash-settled derivative transactions, stock-settled derivative transactions, or other dealings were reported. The announcement states that all transactions were executed in a client-serving capacity, meaning they do not necessarily reflect J&E Davy's proprietary position in DCC Energy plc.

No Derivative Activity or Additional Offer Parties Identified in the Rule 38.5(a) Filing

The disclosure confirms that J&E Davy is not making concurrent dealings disclosures in respect of any other party to the offer involving DCC Energy plc, as the filing states "NO" in response to that question. Sections covering cash-settled derivatives, stock-settled derivatives, options, and other dealings are all marked N/A, indicating the reported activity was confined entirely to straightforward purchases and sales of ordinary shares. No agreements, arrangements, or understandings relating to voting rights, options, or derivatives were identified, and the company confirmed no indemnity arrangements were in place. The disclosure was prepared by contact Lea Pesic and filed on 4 November 2026.