Societe Generale SA has filed a Form 8.3 opening position disclosure under Rule 8.3 of the Irish Takeover Panel Act 1997, Takeover Rules 2022, revealing a total interest of 7.23% in DCC Energy plc as at 11 November 2026. The French banking group disclosed both long and short positions across ordinary shares and cash-settled derivatives, alongside a series of purchases and sales conducted on the same date. The disclosure is a regulatory requirement triggered by Societe Generale's interests exceeding the 1% threshold in a company subject to an active takeover process. Investors monitoring the DCC Energy situation will note the scale of the institution's disclosed exposure.

Key Points

  • Societe Generale SA (disclosing party) filing relates to DCC Energy plc (ticker: DCC)
  • Total disclosed interest of 7.23% in DCC Energy plc's €0.25 ordinary shares, comprising 6,177,915 securities
  • Position held as at 11 November 2026; disclosure made 12 November 2026 under Irish Takeover Panel rules
  • Investors may watch whether Societe Generale's position changes materially in subsequent Rule 8.3 filings

Societe Generale Holds 7.23% Long and 3.21% Short in DCC Energy Ordinary Shares

According to the Form 8.3 disclosure, Societe Generale's total interest in DCC Energy plc's €0.25 ordinary shares stands at 6,177,915 securities, representing 7.23% of the relevant class. This figure includes 4,825,432 shares owned or controlled outright (5.65%), cash-settled derivatives referencing 400,000 shares (0.47%), and a borrow product holding of 952,483 shares. On the short side, the disclosure records total short positions of 2,739,981 securities, equal to 3.21%, comprising 404,912 shares held short outright (0.47%) and cash-settled derivatives referencing 2,335,069 shares (2.73%). No stock-settled derivatives or options are reported.

Purchases and Sales of DCC Energy Shares Executed on 11 November 2026

The announcement details multiple purchase and sale transactions in DCC Energy €0.25 ordinary shares conducted on 11 November 2026, all denominated in GBP. The largest single purchase was 181,855 shares at 64.65p per unit, with a further 45,479 shares acquired at 64.6p. On the sell side, the two largest transactions were the disposal of 50,000 shares at approximately 64.62p and 39,800 shares at approximately 64.63p. Numerous smaller sale transactions at prices between 64.55p and 64.65p per share are also listed. The company did not disclose the aggregate consideration for these transactions in the announcement.

CFD Activity Shows Societe Generale Adjusting Its Short Exposure to DCC Energy

Alongside the outright share transactions, Societe Generale disclosed cash-settled CFD activity in DCC Energy on 11 November 2026. The bank increased a short CFD position by 45,479 reference securities at 64.6p, while simultaneously reducing short CFD positions by 39,800 securities at approximately 64.63p and 50,000 securities at approximately 64.62p. The disclosure states there are no indemnity arrangements, options, or agreements relating to voting rights or future acquisition and disposal of relevant securities, and no Supplemental Form 8 has been attached. Societe Generale confirmed the disclosure was made by its dedicated disclosure team based in Paris.