Societe Generale SA has filed a Form 8.3 opening position disclosure with the Irish Takeover Panel, revealing a total interest of 5.62% in DCC Energy plc's €0.25 ordinary shares as at 3 November 2026. The French banking group also reported a short position equivalent to 3.13% of the same share class. The disclosure, published on 4 November 2026 via RNS, is required under Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, which mandates transparency from holders of 1% or more in relevant securities during an offer period. Investors monitoring the DCC Energy situation will be watching institutional positioning closely.

Key Points

  • Societe Generale SA filing a Form 8.3 in relation to DCC Energy plc (DCC)
  • Total interest of 5.62% and short position of 3.13% in DCC Energy plc €0.25 ordinary shares disclosed as at 3 November 2026
  • Directly owned and controlled securities account for 4,157,638 shares (4.87%), with cash-settled derivatives adding a further 400,000 shares (0.47%); total interest stands at 4,802,670 shares including 245,032 shares held on borrow products
  • Investors may be watching whether further institutional disclosures emerge as the offer period for DCC Energy progresses

Societe Generale's 5.62% Long and 3.13% Short Positions in DCC Energy plc Explained

According to the Form 8.3 disclosure, Societe Generale holds a total long interest of 4,802,670 shares in DCC Energy plc, representing 5.62% of the relevant share class. This comprises 4,157,638 shares owned or controlled outright (4.87%) and 400,000 shares held via cash-settled derivatives (0.47%), alongside 245,032 shares on borrow products. On the short side, the bank has disclosed 401,486 shares held short outright (0.47%) and a further 2,273,248 shares short via cash-settled derivatives (2.66%), bringing total short positions to 2,674,734 shares, equal to 3.13% of the class.

DCC Energy Ordinary Share Dealings at 64.55p on 3 November 2026

The announcement details a series of purchases and sales of DCC Energy plc €0.25 ordinary shares conducted on 3 November 2026, all transacted at a price of 64.55p per share. Societe Generale purchased 183 shares and executed multiple sale transactions across numerous lot sizes, ranging from single shares to 1,552 shares in a single line. The disclosure confirms no stock-settled derivative transactions, no option activity, and no indemnity or other dealing arrangements with any party to the offer or persons acting in concert. No supplemental Form 8 was attached to this filing.

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

The filing is made pursuant to Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, which requires any person holding an interest of 1% or more in relevant securities to publicly disclose their positions and dealings during an offer period. DCC Energy plc is named as the offeree in the disclosure. Societe Generale confirmed there are no agreements, arrangements, or understandings relating to voting rights or derivatives referenced in the form, and stated that this disclosure does not extend to any other party to the offer, noting "N/A" on the cash offer question.