Société Générale SA has filed a Form 8.3 opening position disclosure with the Irish Takeover Panel, revealing a total interest of 7.30% in DCC Energy plc's €0.25 ordinary shares as at 12 November 2026. The French banking group's disclosure, published on 13 November 2026, confirms both long and short positions across directly held securities and cash-settled derivatives. The filing is required under Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, applicable to any party holding 1% or more of relevant securities in an offer situation. Investors may be watching the disclosure closely given the size of the declared stake and associated derivative activity.

Key Points

  • Société Générale SA (DCC) — Form 8.3 opening position disclosure relating to DCC Energy plc
  • Société Générale has declared a total interest of 7.30% and total short positions of 3.26% in DCC Energy plc's €0.25 ordinary shares as at 12 November 2026
  • Directly owned and controlled securities total 5,235,030 shares (6.13%); cash-settled derivative interests add a further 400,000 reference securities (0.47%), with 605,000 shares held on borrow products included in the aggregate
  • Investors should watch for further Rule 8.3 disclosures as the offer situation around DCC Energy plc develops

Société Générale's Long and Short Positions in DCC Energy plc's Ordinary Shares

According to the disclosure, Société Générale holds 5,235,030 DCC Energy plc €0.25 ordinary shares outright, representing 6.13% of the relevant securities. Cash-settled derivatives account for a further long interest in 400,000 reference securities (0.47%), bringing the aggregate long interest to 6,240,030 shares, or 7.30%. This total includes 605,000 shares held on borrow products. On the short side, Société Générale has declared short positions in 410,101 shares (0.48%) held directly, and cash-settled derivative short exposure covering 2,378,043 reference securities (2.78%), giving total short positions of 2,788,144 shares, equivalent to 3.26%.

DCC Energy plc Purchase and Sale Transactions Reported on 12 November 2026

The Form 8.3 sets out a series of purchases and sales in DCC Energy plc €0.25 ordinary shares conducted on 12 November 2026. Purchases included tranches of 87, 70, 63, 182,964, 182,964, 4,205, 4,799, and 38,502 shares at prices ranging from 64.55p to 64.65p per share in GBP. Sales were recorded in tranches of 4,713, 15, 4,502, and 15 shares at prices between 64.545p and 64.65p per share. Société Générale simultaneously transacted in CFDs, increasing short positions across three tranches totalling 47,506 reference securities and reducing short positions in three further tranches across the same session.

Irish Takeover Panel Obligations Triggered by DCC Energy plc Offer Situation

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 the relevant securities of an offeror or offeree to make public disclosures of their positions and dealings. The announcement states that no indemnity or option arrangements, and no agreements or understandings relating to voting rights or future acquisition or disposal of relevant securities, exist between Société Générale and any party to the offer. No Supplemental Form 8 was attached to this disclosure. The offer to which these disclosures relate concerns DCC Energy plc, described in the form as an N/A cash offer context.