J.P. Morgan Markets Limited has filed a Form 38.5(b) and 38.6 disclosure with the Irish Takeover Panel relating to DCC Energy plc, acting in its capacity as a connected exempt principal trader and corporate broker and financial adviser to DCC Energy plc. The disclosure, dated 4 November 2026 and covering a position held on 3 November 2026, details matched purchases and sales of DCC Energy plc's €0.25 ordinary shares at 64.55 GBP per unit. The filing confirms that J.P. Morgan Markets Limited held no net interest or short position in DCC Energy plc securities following the dealings. Investors monitoring the DCC Energy plc offer process may find the disclosure relevant given J.P. Morgan's advisory role.

Key Points

  • J.P. Morgan Markets Limited filing relates to DCC Energy plc (DCC), an Irish Takeover Panel disclosure under the Takeover Rules 2022
  • J.P. Morgan Markets Limited purchased and sold 43 €0.25 ordinary shares each at 64.55 GBP per unit on 3 November 2026
  • Net interest and short positions in DCC Energy plc securities stood at zero following the dealings
  • Investors should watch for further Rule 38 disclosures as the DCC Energy plc offer process develops

J.P. Morgan Markets Limited's Role as Connected Exempt Principal Trader to DCC Energy plc

Under Rule 38.5(b) and Rule 38.6 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, J.P. Morgan Markets Limited filed this disclosure in its capacity as a connected exempt principal trader without recognised intermediary status, or with recognised intermediary status but not dealing in a client-serving capacity. The announcement confirms that J.P. Morgan Markets Limited is acting as corporate broker and financial adviser to DCC Energy plc, the offeree named in the disclosure. This connection triggers mandatory reporting obligations under the Irish Takeover Panel's framework, requiring transparency around any dealings in DCC Energy plc's relevant securities during an offer period.

Matched Purchase and Sale of 43 DCC Energy plc Ordinary Shares at 64.55 GBP

The disclosure reveals that on 3 November 2026, J.P. Morgan Markets Limited purchased 43 €0.25 ordinary shares in DCC Energy plc and simultaneously sold 43 shares, both at an identical price of 64.55 GBP per unit, with the highest and lowest price per unit recorded as the same figure in each case. No cash-settled derivatives, stock-settled derivatives, options, or other dealings were reported in connection with DCC Energy plc's relevant securities. The symmetrical nature of the purchase and sale is consistent with principal trading activity rather than a directional investment position.

Zero Net Position Held in DCC Energy plc Following the Disclosed Dealings

Following the transactions reported on 3 November 2026, J.P. Morgan Markets Limited disclosed a total interest of zero and a total short position of zero across all categories — including relevant securities owned or controlled, cash-settled derivatives, and stock-settled derivatives — in DCC Energy plc's €0.25 ordinary shares. The announcement also confirms that no indemnity arrangements, options, or agreements relating to DCC Energy plc's relevant securities existed, and no Supplemental Form 8 was attached. The contact named in the filing is Natasha Mondon, reachable at the telephone number provided in the disclosure.

Irish Takeover Panel Oversight and Further Disclosure Obligations for DCC Energy plc

The filing is made pursuant to the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, which govern transparency requirements during offer periods for companies such as DCC Energy plc. Rule 38 requires connected principal traders to disclose dealings publicly via a Regulatory Information Service, ensuring market participants can monitor potential conflicts of interest or accumulations of positions. The disclosure explicitly states that no other party to the offer required a separate form, noting "N/A" for any cash offer context. Investors following the DCC Energy plc situation may continue to monitor subsequent Rule 38 filings as further regulatory disclosures could emerge throughout the offer period.