J.P. Morgan SE has filed a dealing disclosure under the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, relating to its position in DCC Energy plc, the energy division at the centre of an ongoing offer process. The disclosure, dated 9 November 2026 and covering positions held as of 6 November 2026, was made in J.P. Morgan SE's capacity as a connected exempt principal trader, acting as corporate broker and financial adviser to DCC Energy plc. The filing reveals both long and short positions in DCC Energy's €0.25 ordinary shares, alongside a modest sale transaction, and investors monitoring the offer situation may find the disclosure relevant to understanding institutional positioning around the company.

Key Points

  • J.P. Morgan SE filing relates to DCC Energy plc (DCC) under Irish Takeover Panel Rules 38.5(b) and 38.6
  • J.P. Morgan SE disclosed a 0.27% long interest and a 0.27% short position in DCC Energy's €0.25 ordinary shares as of 6 November 2026
  • A sale of 3,337 shares was recorded at prices ranging from 64.5000 GBP to 64.5120 GBP per unit, alongside a borrow return of 246 shares
  • Investors should watch for further Rule 38 disclosures as the offer situation around DCC Energy plc develops

J.P. Morgan SE Acts as Connected Exempt Principal Trader and Adviser to DCC Energy plc

Under the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, parties connected to an offeror or offeree are required to disclose their positions in relevant securities during an offer period. J.P. Morgan SE submitted this Form 38.5(b) and 38.6 disclosure in its role as corporate broker and financial adviser to DCC Energy plc, confirming its status as a connected exempt principal trader without recognised intermediary status, or not dealing in a client-serving capacity. The form was filed on 9 November 2026, with positions referenced as at 6 November 2026, in accordance with the panel's transparency requirements during active offer situations.

Long and Short Positions of 0.27% Each Held in DCC Energy's €0.25 Ordinary Shares

The disclosure sets out that J.P. Morgan SE held 226,799 €0.25 ordinary shares in DCC Energy plc, representing 0.27% of that class, as interests owned and/or controlled. Simultaneously, the firm reported short positions of 229,644 shares, also equating to 0.27%. No cash-settled derivatives or stock-settled derivatives were reported in either direction, with both figures standing at zero. The near-symmetry between long and short positions is a feature of market-making and principal trading activity, though the announcement makes no further characterisation of the trading rationale behind these positions.

Sale of 3,337 DCC Energy Shares at Up to 64.5120 GBP per Unit Recorded on 6 November 2026

In terms of actual dealings on 6 November 2026, J.P. Morgan SE recorded a sale of 3,337 €0.25 ordinary shares in DCC Energy plc, with the highest price received per unit stated as 64.5120 GBP and the lowest as 64.5000 GBP. Additionally, a borrow return of 246 shares was disclosed, with no price applicable to that transaction. No purchases were recorded on the same date. The announcement confirms that no indemnity arrangements, options, or derivative agreements relating to voting rights or future acquisitions were in place as part of this disclosure.

No Further Derivative Arrangements Declared as DCC Energy Offer Process Continues

J.P. Morgan SE confirmed in sections 4(a) and 4(b) of the form that there are no indemnity, option, or other dealing arrangements that might constitute an inducement to deal or refrain from dealing, and no agreements relating to voting rights on any derivatives referenced in the filing. No supplemental Form 8 was attached, indicating no open stock-settled derivative positions requiring additional disclosure. The contact named in the filing is Natasha Mondon. Investors following DCC Energy plc's offer situation should anticipate further mandatory disclosures under Rule 38 as the process continues under Irish Takeover Panel oversight.