UBS Investment Bank, London, acting as a connected exempt principal trader, has filed a Form 38.5(a) disclosure with the Irish Takeover Panel relating to dealings in DCC Energy plc securities on 4 November 2026. The filing, published on 5 November 2026 via the Regulatory News Service, details both outright share transactions and cash-settled derivative activity in DCC Energy's €0.25 ordinary shares. Such disclosures are required under Rule 38.5(a) of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, and are designed to bring transparency to trading activity during offer periods. Investors monitoring DCC Energy's ongoing situation may note the range and scale of activity reported by UBS.

Key Points

  • DCC Energy plc (DCC) — dealing disclosure filed by UBS Investment Bank, London, as connected exempt principal trader
  • UBS purchased 11,327 and sold 7,768 of DCC Energy's €0.25 ordinary shares on 4 November 2026
  • Prices ranged from 64.50000 GBP to 64.55000 GBP per unit on purchases, and 64.50000 GBP to 64.54742 GBP per unit on sales; CFD positions were also reduced
  • Investors should watch for further Rule 38 disclosures as the offer period for DCC Energy continues

UBS Investment Bank's Purchases and Sales of DCC Energy €0.25 Ordinary Shares

On 4 November 2026, UBS Investment Bank, London, purchased 11,327 €0.25 ordinary shares in DCC Energy plc, with the highest price paid recorded at 64.55000 GBP per unit and the lowest at 64.50000 GBP per unit. On the same date, UBS sold 7,768 shares in the same class, with prices ranging between 64.50000 GBP and 64.54742 GBP per unit. These transactions were conducted in a client-serving capacity, as confirmed by the disclosure, with UBS acting as an exempt principal trader holding recognised intermediary status under the Irish Takeover Panel's framework.

CFD Position Reductions in DCC Energy Ordinary Shares Also Reported by UBS

In addition to outright share dealings, UBS disclosed two separate cash-settled derivative transactions involving contracts for difference referencing DCC Energy's €0.25 ordinary shares. The first involved reducing a long CFD position on 2,809 reference securities at a price of 64.52686009 GBP per unit. The second reduced a further long position covering 342 reference securities at 64.532456 GBP per unit. Both transactions took place on 4 November 2026. The disclosure states no indemnity or option arrangements, nor any agreements relating to voting rights on the relevant securities, were in place at the time of filing.

Irish Takeover Panel Rule 38 Obligations Underpin DCC Energy Transparency Requirements

The filing is made pursuant to Rule 38.5(a) of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, which mandates that connected exempt principal traders publicly disclose dealings in relevant securities during an offer period. DCC Energy plc is identified as both the offeree and the party to the offer with which UBS is connected. The contact named in the disclosure is Steven McPherson, reachable at UBS's London offices. Investors following the DCC Energy offer situation should be aware that further such filings may emerge as the process continues.