J&E Davy Unlimited Company, an Irish investment and wealth management firm operating as a connected exempt principal trader, has filed a Form 38.5(a) disclosure with the Irish Takeover Panel relating to share dealings in DCC Energy plc. The transactions, carried out on 12 November 2026 in a client-serving capacity, involved both purchases and sales of DCC Energy ordinary shares at 6,455 GBX per unit. The filing, published on 13 November 2026, fulfils mandatory transparency obligations under Rule 38.5(a) of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022. Investors monitoring the DCC Energy takeover situation may note that such disclosures are required from connected parties during offer periods.

Key Points

  • J&E Davy Unlimited Company (connected exempt principal trader) filing relates to DCC Energy plc (DCC)
  • Purchases of 1,037 and sales of 1,292 ordinary shares of EUR 0.25 nominal value were executed on 12 November 2026
  • All transactions were conducted at a single price of 6,455 GBX per unit on both the buy and sell side
  • Investors should watch for further Rule 38 disclosures as the DCC Energy offer period continues

J&E Davy's Client-Serving Trades in DCC Energy Ordinary Shares at 6,455 GBX

The disclosure confirms that J&E Davy Unlimited Company, acting in a client-serving capacity as a connected exempt principal trader with Recognised Intermediary Status, purchased 1,037 ordinary shares in DCC Energy plc and sold 1,292 ordinary shares of the same class on 12 November 2026. Both transactions were executed at a uniform price of 6,455 GBX per unit, with no variation between the highest and lowest prices recorded. The shares in question are DCC Energy ordinary shares with a nominal value of EUR 0.25. No cash-settled or stock-settled derivative transactions were reported in this filing, and no options or other dealings were disclosed.

Irish Takeover Panel Rule 38.5(a) Obligations Governing the DCC Energy Offer Period

The Form 38.5(a) filing is a regulatory requirement under the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, which mandates that connected exempt principal traders publicly disclose dealings in relevant securities of an offeror or offeree during an offer period. J&E Davy is identified as connected to DCC Energy plc, the named offeree or offeror. The firm confirmed that no indemnity arrangements, option agreements, or understandings relating to voting rights or future acquisitions were in place as of the disclosure date, and no dealings in securities of any other party to the offer were reported.

No Derivative Activity Recorded in J&E Davy's 13 November 2026 Regulatory Filing

Sections covering cash-settled derivatives, stock-settled derivatives including options, and other dealings such as subscriptions or conversions all returned N/A in the submitted form, indicating that J&E Davy's activity on 12 November 2026 was confined exclusively to straightforward purchases and sales of DCC Energy ordinary shares. The disclosure was filed on 13 November 2026, with Lea Pesic listed as the contact name. As an Irish-regulated investment firm, J&E Davy provides broking, wealth management, and capital markets services, and its dealings here reflect routine client-side activity during a live corporate transaction period.