Ap34
FORM 38.5(a) (EPT/RI)
IRISH TAKEOVER PANEL
DEALING DISCLOSURE UNDER RULE 38.5(a) OF THE IRISH
TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2022
BY A CONNECTED EXEMPT PRINCIPAL TRADER WITH
RECOGNISED INTERMEDIARY STATUS AND DEALING IN
A CLIENT-SERVING CAPACITY
1. KEY INFORMATION
|
(a) Name of exempt principal trader: |
J.P. Morgan Securities Plc |
|
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree |
DCC plc |
|
(c) Name of the party to the offer with which exempt principal trader is connected: (Note 1) |
Corporate broker and financial adviser to DCC plc |
|
(d) Date dealing undertaken: |
14 May 2026 |
|
(e) In addition to the company in 1(b) above, is the exempt principal trader also making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A" |
N/A |
2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER (Note 2)
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
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(a) Purchases and sales
Borrow Return
|
Class of |
Purchases/ |
Total |
Highest |
Lowest |
|
€0.25 ordinary shares |
Purchase |
37,271 |
59.5527 GBP |
58.3457 GBP |
Sale Borrow Return |
1,253 |
NA |
NA |
(b) Cash-settled derivative transactions
|
Class of |
Product |
Nature of dealing |
Number of |
Price per |
|
€0.25 ordinary shares |
Equity SWAP |
Decrease Long
Decrease Short
Increase Long
Increase Short
Opening a long position
Opening a short position
|
12 897 78 533 4,879 230 267 1,157
423 237 117 417 3,727 569 895 446 446 2,004 622 185 257 466 907
1,848 112 539 70 163 566
412 704 340 7 50 290 165 2,500
3,673
1,754 126 4 1,789 |
59.3268 GBP 59.5527 GBP 59.2575 GBP 59.3234 GBP 59.2807 GBP 59.2564 GBP 59.4943 GBP 59.2151 GBP
59.1535 GBP 59.5500 GBP 58.5666 GBP 59.2266 GBP 58.8186 GBP 59.1438 GBP 59.1926 GBP 58.5377 GBP 58.2853 GBP 59.0669 GBP 59.2642 GBP 59.2192 GBP 58.9409 GBP 58.9376 GBP 59.4179 GBP
59.5272 GBP 59.0652 GBP 58.7837 GBP 59.4697 GBP 59.5413 GBP 59.4676 GBP
59.5469 GBP 59.5500 GBP 59.5509 GBP 59.4328 GBP 58.5222 GBP 58.9015 GBP 58.3470 GBP 58.9821 GBP
59.5500 GBP
59.2471 GBP 59.0509 GBP 59.0634 GBP 59.2131 GBP |
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
|
Class of |
Product |
Writing, |
Number |
Exercise |
Type |
Expiry |
Option |
|
|
|
|
|
|
|
|
|
(ii) Exercise
|
Class of |
Product |
Exercising/ |
Number of |
Exercise price |
|
|
|
|
|
|
(d) Other dealings (including transactions in respect of new securities)
|
Class of relevant security |
Nature of |
Details |
Price per unit |
|
|
|
|
|
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3. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
|
Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none" |
|
None |
(b) Agreements, arrangements or understandings relating to options or derivatives
|
Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated. |
|
None |
|
Date of disclosure: |
15 May 2026 |
|
Contact name: |
Hetvi Shah |
|
Telephone number: |
44 2034 936359 |
Public disclosures under Rule 38 of the Rules must be made to a Regulatory Information Service.
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NOTES ON FORM 38.5(a)
1. See the definition of "connected principal trader" in Rule 2.2 of Part A of the Rules.
2. See the definition of "dealing" in Rule 2.1 of Part A of the Rules.
3. See the definition of "relevant securities" in Rule 2.1 of Part A of the Rules.
4. See Rule 2.5(d) of Part A of the Rules.
5. If the economic exposure to changes in the price of securities is limited, for example, by virtue of a stop loss arrangement relating to a spread bet, full details must be given.
6. If details included in a disclosure under Rule 38 are incorrect, they should be corrected as soon as practicable in a subsequent disclosure. Such disclosure should state clearly that it corrects details disclosed previously, identify the disclosure or disclosures being corrected, and provide sufficient detail for the reader to understand the nature of the corrections. In the case of any doubt, the Panel should be consulted.
For full details of disclosure requirements, see Rules 8 and 38 of the Rules. If in doubt, consult the Panel.
References in these notes to "the Rules" are to the Irish Takeover Panel Act, 1997, Takeover Rules, 2022.
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