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J.P. Morgan Securities Plc, a connected exempt principal trader and corporate broker/financial adviser to DCC plc, reported dealings in DCC plc's €0.25 ordinary shares on 11 May 2026. The firm purchased 61,672 shares at prices from 57.3000 GBP to 58.0000 GBP, and sold 50,653 shares at prices from 57.3002 GBP to 57.9500 GBP, along with 57,966 shares reported under "New Borrow" in its sales. Additionally, J.P. Morgan Securities Plc undertook various cash-settled Equity SWAP derivative transactions referencing DCC plc's shares.
| Date | 12 May 2026 |
| Time | 11:29:26 |
| Category | Miscellaneous |
| ID | 0069E |
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: |
11 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.
Ap35
(a) Purchases and sales
New Borrow
|
Class of |
Purchases/ |
Total |
Highest |
Lowest |
|
€0.25 ordinary shares |
Purchase |
61,672 |
58.0000 GBP |
57.3000 GBP |
Sale |
57,966 |
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
|
75 2,038 1,142 8,322 181 1,173 464 1,183 1,650 5,248 4,340 568
10,000 218 6,780 1,024 850 2,074 652 11 920 1,164 1,029 598 1,082 1,850 190
36 1,614 82 1
478 853 26 2,745 27 21 616 439
5,867
498 9,502 285 133 1,770 1,083 2,141 455 6 |
57.5773 GBP 57.5615 GBP 57.5460 GBP 57.5987 GBP 57.5865 GBP 78.5402 GBP 57.5526 GBP 57.5213 GBP 57.5778 GBP 57.5829 GBP 57.5682 GBP 57.5039 GBP
57.6295 GBP 57.6028 GBP 57.5500 GBP 57.5975 GBP 57.7738 GBP 57.7179 GBP 57.6651 GBP 57.5672 GBP 57.5546 GBP 57.5502 GBP 57.5671 GBP 57.6227 GBP 57.6228 GBP 57.5061 GBP 57.6712 GBP
57.8197 GBP 57.5332 GBP 57.9442 GBP 57.5442 GBP
57.5509 GBP 57.5500 GBP 57.5194 GBP 57.5586 GBP 57.3517 GBP 57.6503 GBP 57.5178 GBP 57.5382 GBP
57.5500 GBP
57.4438 GBP 57.5288 GBP 57.5433 GBP 57.6167 GBP 57.5775 GBP 57.5931 GBP 57.5759 GBP 57.5780 GBP 57.5517 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 |
|
|
|
|
|
Ap36
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: |
12 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.