J.P. Morgan SE has filed a formal dealing disclosure under Rules 38.5(b) and 38.6 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, declaring positions and transactions in the €0.25 ordinary shares of DCC Energy plc. The disclosure, dated 5 November 2026 and relating to activity on 4 November 2026, confirms J.P. Morgan SE's status as a connected exempt principal trader acting as corporate broker and financial adviser to DCC Energy plc. The filing reveals both long interests and short positions of near-equal size, alongside modest purchase and sale activity, all executed at 64.50 GBP per share.

Key Points

  • J.P. Morgan SE filing relates to DCC Energy plc (DCC), a connected offer party
  • J.P. Morgan SE held 226,553 shares long (0.27%) and 231,855 shares short (0.27%) as at 4 November 2026
  • Dealings included purchases of 822 shares and sales of 6,027 shares, both at 64.50 GBP per unit
  • Investors should watch for further Rule 38 disclosures as the offer process develops

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

Under the Irish Takeover Rules, any exempt principal trader connected to a party in an offer is required to disclose its positions and dealings in the relevant securities. J.P. Morgan SE has identified itself as corporate broker and financial adviser to DCC Energy plc, making it a connected party for the purposes of these disclosure obligations. The form confirms that J.P. Morgan SE does not hold recognised intermediary status for the purposes of this particular disclosure, and it declares no indemnity arrangements, options, or other agreements that might constitute an inducement to deal or refrain from dealing in DCC Energy plc's ordinary shares.

Long Interests and Short Positions Held in DCC Energy plc's €0.25 Ordinary Shares

As at 4 November 2026, J.P. Morgan SE reported an interest of 226,553 €0.25 ordinary shares in DCC Energy plc, representing 0.27% of the relevant class. Against this, the bank also held a short position of 231,855 shares, equally representing 0.27%. The disclosure confirms that cash-settled derivatives and stock-settled derivatives each stand at nil, meaning the entire position is held through direct ownership or control of the underlying ordinary shares, with no supplemental derivative exposure recorded in this filing.

Purchases and Sales of DCC Energy plc Shares on 4 November 2026

The dealing section of the disclosure records that J.P. Morgan SE purchased 822 €0.25 ordinary shares in DCC Energy plc and sold 6,027 shares on 4 November 2026, with both the highest and lowest price paid and received recorded identically at 64.50 GBP per unit. No cash-settled or stock-settled derivative transactions are reported for this date. The net effect of these transactions was a reduction in the firm's gross long position relative to purchases, consistent with its role managing positions as a principal trader during an active offer period.

Irish Takeover Panel Disclosure Obligations Governing the DCC Energy Offer Process

The filing is made pursuant to the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, which impose mandatory transparency requirements on connected traders throughout an offer period. The announcement states no supplemental Form 8 is attached, and no agreements or arrangements relating to voting rights or derivatives are declared. The contact named in the disclosure is Natasha Mondon. Investors monitoring the DCC Energy plc offer situation should note that further Rule 38 disclosures may follow as positions evolve, and the Irish Takeover Panel requires any corrections to prior disclosures to be made promptly.