L&G – Asset Management Limited has filed a Form 8.3 disclosure with the Irish Takeover Panel confirming it held a 1.26% interest in DCC Energy plc as at 6 November 2026, with the disclosure published on 9 November 2026. The filing, made under Rule 8.3 of the Irish Takeover Panel Act 1997, Takeover Rules 2022, is required of any person holding interests in relevant securities of one per cent or more during an offer period. The disclosure also records a sale of 2,918 ordinary shares on 6 November 2026 at a price of GBP 64.501996 per unit, slightly reducing L&G's overall position. Investors monitoring the DCC Energy takeover situation will be watching institutional dealing patterns closely as the process continues.

Key Points

  • L&G – Asset Management Limited filing a Form 8.3 relating to DCC Energy plc (DCC)
  • L&G – Asset Management Limited confirmed a total interest of 1,076,368 ordinary shares, representing 1.26% of DCC Energy plc's relevant securities
  • A sale of 2,918 ordinary shares at GBP 64.501996 per unit was recorded on 6 November 2026
  • Investors should watch for further Rule 8.3 filings as the offer period for DCC Energy progresses

L&G – Asset Management Holds 1,076,368 DCC Energy Ordinary Shares at 1.26%

According to the Form 8.3 filing, L&G – Asset Management Limited owned and controlled 1,076,368 ordinary shares of EUR 0.25 nominal value each in DCC Energy plc, equating to 1.26% of the company's relevant securities as at the position date of 6 November 2026. The disclosure confirms this figure as the total holding, with no cash-settled derivatives or stock-settled derivatives forming part of the position. L&G – Asset Management Limited confirmed it is not an exempt fund manager connected with either the offeror or offeree in the DCC Energy transaction, and stated that no indemnity or option arrangements exist in relation to the relevant securities.

Sale of 2,918 DCC Energy Shares at GBP 64.501996 Recorded on 6 November 2026

The dealing section of the Form 8.3 sets out that L&G – Asset Management Limited sold 2,918 ordinary shares in DCC Energy plc on 6 November 2026 at a price of GBP 64.501996 per unit. No cash-settled derivative transactions, stock-settled derivative transactions, or other dealings were reported alongside this sale. The filing notes that no Supplemental Form 8 covering open stock-settled derivative positions was attached, indicating that L&G – Asset Management's entire disclosed interest consists solely of directly owned and controlled ordinary shares following this transaction.

Irish Takeover Panel Rule 8.3 Obligations Triggered by DCC Energy Offer Period

Rule 8.3 of the Irish Takeover Panel Act 1997, Takeover Rules 2022, requires any person holding one per cent or more of the relevant securities of an offeror or offeree to disclose their interests and any dealings during an offer period. DCC Energy plc, the subject company named in this filing, is therefore currently subject to an active offer or possible offer process under Irish takeover regulation. The filing states this is a cash offer or possible cash offer, as denoted by the "N/A" response to whether disclosures are being made in respect of any other party to the transaction, which is consistent with standard cash offer disclosure practice under the Rules.

No Formal Arrangements or Derivative Agreements Reported by L&G – Asset Management

The announcement states that L&G – Asset Management Limited has confirmed the absence of any indemnity arrangements, option arrangements, or any formal or informal agreements relating to the voting rights or future acquisition or disposal of DCC Energy securities to which any derivative is referenced. This confirms the firm is acting independently of any concert party arrangement in relation to the DCC Energy offer. Investors tracking the institutional register of DCC Energy plc during this offer period may note that L&G – Asset Management's position, while slightly reduced following the 6 November sale, remains above the one per cent mandatory disclosure threshold.