J.P. Morgan Securities LLC has filed a formal opening position disclosure under the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, revealing a 2.03% interest in DCC Energy plc's €0.25 ordinary shares as of 11 November 2026. The disclosure, made in J.P. Morgan's capacity as a connected exempt principal trader and acting as corporate broker and financial adviser to DCC Energy plc, was published on 12 November 2026 via a Regulatory Information Service. The filing also reveals a near-equivalent short position of 2.01%, and includes a borrow transaction of 1,700,000 shares, details that investors in DCC Energy plc may be watching closely given the ongoing offer context.

Key Points

  • DCC Energy plc (DCC) — disclosure filed by connected exempt principal trader J.P. Morgan Securities LLC
  • J.P. Morgan Securities LLC holds a 2.03% long interest and a 2.01% short position in DCC Energy plc €0.25 ordinary shares
  • A borrow of 1,700,000 ordinary shares was recorded on 11 November 2026; no price per unit was disclosed
  • Investors should watch for further Rule 38 disclosures as the offer process around DCC Energy plc develops

J.P. Morgan's Dual Role as Broker, Adviser, and Exempt Principal Trader in DCC Energy plc

The disclosure identifies J.P. Morgan Securities LLC as both corporate broker and financial adviser to DCC Energy plc, as well as a connected exempt principal trader operating under Rule 38.5(b) and Rule 38.6 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022. This dual role requires strict disclosure obligations under Irish takeover regulation. The filing clarifies that J.P. Morgan Securities LLC is not dealing in a client-serving capacity for this disclosure, and that it holds no recognised intermediary status relevant to this transaction. The contact named in the disclosure is Natasha Mondon.

Long and Short Positions in DCC Energy plc €0.25 Ordinary Shares Detailed

As of 11 November 2026, J.P. Morgan Securities LLC held long interests totalling 1,730,550 DCC Energy plc €0.25 ordinary shares, representing 2.03% of the relevant class. Against this, the firm disclosed short positions of 1,712,976 shares, equivalent to 2.01%. The announcement states that all interests relate solely to owned and/or controlled relevant securities, with cash-settled derivatives and stock-settled derivatives each recorded at zero. No supplemental Form 8 was attached, indicating no open options or stock-settled derivative positions requiring additional disclosure.

1,700,000-Share Borrow Transaction Recorded on 11 November 2026

Under the dealings section of the Form 38.5(b) filing, J.P. Morgan Securities LLC disclosed a borrow of 1,700,000 DCC Energy plc €0.25 ordinary shares on 11 November 2026. The announcement states that no highest or lowest price per unit was applicable to this transaction. The filing confirms there are no indemnity arrangements, option arrangements, or agreements relating to voting rights on the relevant securities, and no agreements or understandings relating to future acquisition or disposal of relevant securities connected to any derivative position disclosed in this form.

Irish Takeover Panel Oversight and Regulatory Context for DCC Energy plc

The disclosure is filed pursuant to Rule 38 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, which mandates transparency around positions held by parties connected to offerors or offerees during an offer period. DCC Energy plc is named as the offeree in relation to whose relevant securities the form applies. The announcement notes that if any details included in a Rule 38 disclosure are found to be incorrect, they must be corrected promptly via a subsequent disclosure to a Regulatory Information Service. No cash-settled or stock-settled derivative transactions were reported in the current filing.