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J.P. Morgan Securities Plc, connected as a corporate broker and financial adviser to DCC plc, filed a dealing disclosure under Irish Takeover Panel Rules. On 30 April 2026, the firm purchased 401,474 DCC plc €0.25 ordinary shares at prices ranging from 55.4000 GBP to 58.1590 GBP, and sold 440,738 shares at prices between 55.3000 GBP and 57.9965 GBP. Additionally, J.P. Morgan Securities Plc engaged in cash-settled equity swap transactions involving 69,977 reference securities in DCC plc.
| Date | 1 May 2026 |
| Time | 11:34:12 |
| Category | Miscellaneous |
| ID | 8351C |
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: |
30 April 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
|
Class of |
Purchases/ |
Total |
Highest |
Lowest |
|
€0.25 ordinary shares |
Purchase |
401,474 |
58.1590 GBP |
55.4000 GBP |
Sale |
|
|
|
(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 |
17 817 3 326 245 11,727 2 89
9,614 1,364 1,092 400 4,252 249 110 18,936 10 9,264 1,022 1,150 501 1,220
7,055 91 5,643 223 7,356 21
177 666 12,500 89 2,814 225
500
500 |
57.2882 GBP 76.3395 GBP 55.4025 GBP 57.2139 GBP 55.4017 GBP 55.4011 GBP 55.8017 GBP 57.1674 GBP
55.4580 GBP 55.3945 GBP 57.3700 GBP 56.9765 GBP 55.4000 GBP 56.0155 GBP 57.5443 GBP 56.8934 GBP 57.9965 GBP 56.0162 GBP 56.0164 GBP 56.0163 GBP 55.9925 GBP 57.2000 GBP
56.5073 GBP 56.5072 GBP 55.5254 GBP 55.8506 GBP 55.7991 GBP 55.3975 GBP
55.6266 GBP 55.4008 GBP 56.3712 GBP 55.9056 GBP 56.4636 GBP 57.2440 GBP
57.9120 GBP
58.1590 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: |
01 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.
Ap37
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.