J&E Davy Unlimited Company (-PTSB), a Dublin-based financial services firm operating as a connected exempt principal trader, has filed a Form 38.5(a) disclosure with the Irish Takeover Panel relating to dealings in ordinary shares of Permanent TSB Group Holdings PLC. The transactions, undertaken on 12 November 2026, were conducted in a client-serving capacity under Recognised Intermediary Status. The filing was made public on 13 November 2026 in accordance with Rule 38.5(a) of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022. Investors monitoring the ongoing offer situation involving Permanent TSB Group Holdings will note this disclosure as part of mandatory transparency requirements.

Key Points

  • J&E Davy Unlimited Company (-PTSB) filed a Form 38.5(a) dealing disclosure with the Irish Takeover Panel
  • Dealings in Permanent TSB Group Holdings PLC ordinary shares (ORD EUR0.50) were conducted on 12 November 2026
  • Transactions comprised a sale of 1,800 shares and a purchase of 20 shares, both at EUR 2.95 per unit
  • Investors should watch for further disclosures as the offer situation around Permanent TSB Group Holdings develops

J&E Davy's Role as Connected Exempt Principal Trader in the Permanent TSB Offer

J&E Davy Unlimited Company is identified in the disclosure as a connected exempt principal trader holding Recognised Intermediary Status under the Irish Takeover Rules. The firm is connected to Permanent TSB Group Holdings PLC, the offeree named in the filing. Acting in a client-serving capacity, J&E Davy is required under Rule 38.5(a) to publicly disclose dealings it undertakes in the relevant securities of a party to an offer. This regulatory framework is designed to maintain market transparency and integrity throughout the takeover process under Irish law.

Details of the 12 November 2026 Share Transactions at EUR 2.95

The Form 38.5(a) disclosure sets out two transactions in Permanent TSB Group Holdings PLC ordinary shares, each carrying a nominal value of EUR 0.50. J&E Davy sold 1,800 shares at a price of EUR 2.95 per unit and separately purchased 20 shares at the same price of EUR 2.95 per unit on 12 November 2026. No cash-settled derivative transactions, stock-settled derivatives, or options were reported in the filing. The announcement states that no indemnity arrangements, options, or agreements relating to voting rights or future acquisitions were entered into in connection with these dealings.

Irish Takeover Panel Disclosure Obligations Governing This Filing

The disclosure is governed by the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, which impose strict obligations on connected principal traders to report dealings in relevant securities during an offer period. Under these rules, Permanent TSB Group Holdings PLC is the named offeree, and J&E Davy is connected to that party. The company confirmed it is not making disclosures in respect of any other party to the offer. Public disclosures of this nature must be submitted to a Regulatory Information Service, as the announcement states, ensuring they are accessible to all market participants simultaneously.