UBS Investment Bank, London, has filed a Form 38.5(a) dealing disclosure with the Irish Takeover Panel, confirming that it undertook transactions in DCC Energy plc (DCC) ordinary shares on 6 November 2026. The disclosure, published on 9 November 2026, was made under Rule 38.5(a) of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, which governs connected exempt principal traders dealing in a client-serving capacity. The filing confirms both outright share purchases and sales, as well as cash-settled CFD transactions referencing DCC Energy plc's €0.25 ordinary shares, and is relevant to investors monitoring activity surrounding DCC Energy plc during the offer period.

Key Points

  • UBS AG (EPT), acting through UBS Investment Bank, London, filed this dealing disclosure in relation to DCC Energy plc (DCC)
  • UBS purchased 14,777 and sold 34,511 DCC Energy €0.25 ordinary shares on 6 November 2026
  • Share prices ranged from a low of 64.49871 GBP to a high of 64.55451 GBP per unit across purchases and sales
  • Investors should watch for further Rule 38 disclosures as the offer period for DCC Energy plc continues

UBS Investment Bank's Outright Share Transactions in DCC Energy €0.25 Ordinary Shares

On 6 November 2026, UBS Investment Bank, London, acting as a connected exempt principal trader in a client-serving capacity, bought 14,777 DCC Energy plc €0.25 ordinary shares at prices ranging from 64.50000 GBP to 64.55451 GBP per unit. On the same date, it sold 34,511 shares at prices between 64.49871 GBP and 64.55451 GBP per unit. The disclosure identifies UBS Investment Bank as connected to DCC Energy plc, the offeree named in the filing. These outright dealings are required to be reported under the Irish Takeover Rules to maintain transparency during an offer period.

CFD Transactions Referencing DCC Energy Shares Disclosed in the 6 November 2026 Filing

Alongside the outright share transactions, the Form 38.5(a) filing records several cash-settled contract for difference (CFD) dealings referencing DCC Energy plc's €0.25 ordinary shares. UBS increased a long CFD position by 148 securities at 64.49871 GBP per unit and by a further 2,733 securities at 64.52006037 GBP per unit. The firm also reduced a long CFD position by 136 securities at 64.50 GBP and by 1,094 securities at 64.50580439 GBP per unit. No stock-settled derivative or option transactions were reported in this particular disclosure.

Irish Takeover Panel Rule 38.5(a) Obligations and DCC Energy Offer Period Context

The filing was made pursuant to Rule 38.5(a) of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, which requires connected exempt principal traders with Recognised Intermediary Status to disclose dealings in relevant securities during an offer period. The announcement states that this is a cash offer or possible cash offer, as indicated by the N/A response regarding disclosures for other parties to the offer. UBS confirmed there are no indemnity arrangements, options, or agreements relating to voting rights on the derivatives referenced in this form. The contact named in the disclosure is Steven McPherson, reachable at the telephone number provided in the filing.