J.P. Morgan SE submitted a Form 38.5(b) and 38.6 disclosure to the Irish Takeover Panel on 13 November 2026, revealing its dealing position in DCC Energy plc (DCC) €0.25 ordinary shares as of 12 November 2026. The filing 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 disclosure sets out both long and short positions alongside small transactions executed in the company's listed ordinary shares, providing transparency required under the Irish Takeover Panel Act, 1997, Takeover Rules, 2022. Investors monitoring the DCC Energy takeover process will note this mandatory regulatory filing from one of its key advisers.

Key Points

  • DCC Energy plc (DCC) — filing made by connected adviser J.P. Morgan SE
  • J.P. Morgan SE disclosed a long position of 226,242 shares (0.26%) and a short position of 227,674 shares (0.27%) in DCC Energy plc €0.25 ordinary shares
  • Dealings on 12 November 2026 comprised a purchase of 161 shares at 64.5500 GBP and a sale of 15 shares at 64.5967 GBP per unit
  • Investors should watch for further Rule 38 disclosures from parties connected to DCC Energy as the offer process progresses

J.P. Morgan SE's Role as Corporate Broker and Financial Adviser to DCC Energy plc

The disclosure confirms that J.P. Morgan SE is acting as corporate broker and financial adviser to DCC Energy plc, the Irish-headquartered energy distribution and services group. This relationship classifies J.P. Morgan SE as a connected exempt principal trader under Rule 2.2 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022. As such, the firm is subject to mandatory transparency obligations requiring it to disclose positions and dealings in DCC Energy's relevant securities throughout the duration of an offer period, ensuring market participants have visibility of adviser-related trading activity.

Long and Short Positions Held in DCC Energy €0.25 Ordinary Shares on 12 November 2026

As of 12 November 2026, J.P. Morgan SE reported an interest of 226,242 DCC Energy €0.25 ordinary shares, representing 0.26% of the relevant class. Against this, the firm held a short position of 227,674 shares, equivalent to 0.27%. The announcement states that cash-settled derivatives and stock-settled derivatives were each recorded at zero across both long and short categories, meaning the entire disclosed exposure relates exclusively to directly owned or controlled securities and no derivative instruments are referenced in this particular filing.

Share Transactions Executed on 12 November 2026 at 64.55 GBP and 64.60 GBP

J.P. Morgan SE's dealing table records a purchase of 161 DCC Energy ordinary shares at a price of 64.5500 GBP per unit and a separate sale of 15 shares at 64.5967 GBP per unit, both transacted on 12 November 2026. No cash-settled or stock-settled derivative transactions were reported for the same date. The firm confirmed that no indemnity arrangements, option agreements, or understandings relating to voting rights or future acquisition of DCC Energy securities existed at the time of filing, and no Supplemental Form 8 was attached to the disclosure.

Regulatory Context: Mandatory Rule 38 Transparency During the DCC Energy Offer Period

Under the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, all connected principal traders are required to file opening position and dealing disclosures via a Regulatory Information Service during an offer period. This filing by J.P. Morgan SE, submitted on 13 November 2026 and compiled by contact Natasha Mondon, forms part of the standard compliance framework designed to prevent information asymmetry. The rules apply irrespective of transaction size, which explains why even small share movements such as those reported here trigger a formal public disclosure obligation directed by the Irish Takeover Panel.