Societe Generale SA has filed a Form 8.3 opening position disclosure with the Irish Takeover Panel, revealing a total interest of 6.42% in DCC Energy plc's €0.25 ordinary shares as of 9 November 2026. The French banking group disclosed both long and short positions across directly held securities and cash-settled derivatives, triggering a mandatory public filing under Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022. The disclosure is required of any party holding interests in relevant securities representing 1% or more during an offer period. Investors monitoring the DCC Energy takeover situation will note Societe Generale's position as a material stakeholder in the target company.

Key Points

  • Societe Generale SA filing a Form 8.3 in relation to DCC Energy plc (DCC)
  • Total disclosed interest of 5,484,123 shares, representing 6.42% of DCC Energy plc's relevant securities
  • Short positions totalling 2,671,520 shares, equivalent to 3.13%, also disclosed
  • Investors should watch for further Rule 8.3 disclosures as the offer period progresses

Societe Generale's 6.42% Long Position in DCC Energy plc Broken Down by Category

According to the disclosure, Societe Generale holds 4,583,525 DCC Energy ordinary shares outright, representing 5.37% of relevant securities. Cash-settled derivatives account for a further 400,000 shares, or 0.47%, bringing the aggregate long interest to 5,484,123 shares at 6.42%. The announcement notes that this total includes a holding of 500,598 shares on borrow products. No stock-settled derivatives or agreements to purchase were reported. The disclosure confirms there are no indemnity arrangements, options agreements, or understandings relating to voting rights connected to this position.

Short Positions and Cash-Settled Derivative Transactions Reported by Societe Generale

Alongside its long exposure, Societe Generale disclosed short positions totalling 2,671,520 DCC Energy shares, equal to 3.13% of relevant securities. Of this, 400,080 shares are held as directly controlled short positions, whilst 2,271,440 shares represent short exposure through cash-settled derivatives. The bank also reported a cash-settled CFD transaction on 9 November 2026 described as reducing a short position, involving 20 reference securities at a price of 64.5455 pence per unit. No stock-settled derivative transactions were reported in this filing.

DCC Energy Ordinary Share Dealings Executed by Societe Generale on 9 November 2026

The Form 8.3 sets out multiple purchases and sales of DCC Energy's €0.25 ordinary shares conducted on 9 November 2026. Purchases were executed across a range of transaction sizes at prices of 64.55p, 64.575p, and 64.6p per share. Sales were also recorded at prices of 64.5455p and 64.6p per share, covering several separate tranches. The filing does not aggregate the total number of shares dealt across all transactions into a single combined figure, and the company did not disclose this figure in the announcement.

Irish Takeover Panel Rule 8.3 Obligations Driving Societe Generale's Mandatory Filing

The disclosure was made under Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, which requires any person holding interests of 1% or more in relevant securities of an offeror or offeree to make daily public disclosures during an offer period. Societe Generale confirmed no supplemental Form 8 was attached and that no agreements or arrangements exist relating to options or derivatives connected to this filing. The disclosure was submitted on 10 November 2026 by Societe Generale's dedicated disclosure team based in Paris.