UBS Securities LLC Reports Short Position in DCC PLC via Irish Takeover Panel Filing

DCC PLC’s Role in Distribution Services Market

DCC PLC operates as a multinational distributor specializing in sectors including energy, healthcare, and environmental services, serving customers across Europe. The company maintains extensive logistics and supply chain infrastructure. Its ordinary shares, denominated at €0.25 each, are listed on exchanges regulated by the Irish Takeover Panel, which mandates disclosure of significant holdings and dealings by connected parties and exempt principal traders.

As a leading distribution entity, DCC PLC’s share capital structure facilitates monitoring of ownership interests and short positions. UBS Securities LLC’s filing, as a connected exempt principal trader, complies with regulatory requirements designed to ensure transparency of market participants’ positions in the company.

Details of UBS Securities LLC’s Short Position

UBS Securities LLC reported holding a short position of 5,313 shares in DCC PLC’s €0.25 ordinary shares as of 16 July 2026, representing 0.01% of the relevant securities class. This short position is separate from any long interests, which the filing indicates as zero shares. The disclosure confirms no holdings of cash-settled or stock-settled derivatives, such as options, related to DCC PLC during the reporting period, reflecting a straightforward short exposure via ordinary shares.

Share Purchases and Price Range During Reporting Period

Throughout the disclosure period, UBS Securities LLC purchased 12,064 shares of DCC PLC at prices ranging from £62.85 to £63.80 per share, a £0.95 spread reflecting market conditions. No sales were recorded, indicating net accumulation prior to the short position adjustment disclosed. This purchase activity highlights active trading engagement by the exempt principal trader within the specified timeframe.

Regulatory Compliance and Irish Takeover Panel Filing Requirements

The filing adheres to Form 38.5(b) under the Irish Takeover Panel Act 1997 and Takeover Rules 2022, applicable to connected exempt principal traders without recognised intermediary status or those not dealing client-servingly. It requires disclosure of opening positions, trading activity, and any arrangements influencing securities dealings.

The Irish Takeover Panel enforces transparency in share dealings to protect shareholder interests, mandating public disclosure of significant interests and short positions via Regulatory Information Services. These requirements ensure market participants have access to material information on shareholdings affecting corporate control.

Correction Notice: Attribution to UBS Securities LLC

The original announcement dated 17 July 2025 was incorrectly attributed to UBS AG (EPT) and has been corrected to reflect UBS Securities LLC as the disclosing entity. This administrative correction does not alter the substantive content of the disclosure and ensures accurate regulatory tracking of the exempt principal trader’s activities.

Absence of Derivative Instruments and Indemnity Arrangements

The disclosure confirms UBS Securities LLC held no cash- or stock-settled derivatives, including options, related to DCC PLC during the reporting period. Additionally, no indemnity or option arrangements, agreements regarding voting rights, or understandings with DCC PLC or associated parties were reported, indicating transactions were conducted on a principal basis without conditional agreements affecting future dealings or voting.

No Supplemental Form 8 Required

No Supplemental Form 8 accompanied the filing, indicating the absence of material options, subscription rights, or open stock-settled derivative positions necessitating further disclosure. This reflects a straightforward position structure without complex derivative layering.

The compliance contact for the filing is Richard Howard, reachable at +44 (0)207 568 9128. The disclosure date of 17 July 2026 corresponds with the latest practicable date of 16 July 2026 for the opening position.

Investor Implications and Monitoring of Connected Party Activity

UBS Securities LLC’s filing as a connected exempt principal trader merits investor attention due to its disclosure of a short position and significant trading activity in DCC PLC. Although the short position represents a minor 0.01% stake, the trader’s connected status may indicate strategic market positioning or hedging related to corporate developments. Investors should watch for further filings from UBS or other connected parties that could signal changing market dynamics.

The combination of 12,064 shares purchased and the short position suggests a nuanced trading approach possibly involving market-making or principal trading. The disclosed price range of £62.85 to £63.80 offers a valuation reference for the period. Ongoing regulatory disclosures by connected parties provide valuable insights into market sentiment and potential corporate actions.

Commitment to Regulatory Transparency and Disclosure Standards

This filing exemplifies the comprehensive regulatory framework enforced by the Irish Takeover Panel to ensure transparency of significant shareholdings and dealings. Mandatory disclosures help minimize information asymmetries and enable stakeholders to assess the influence of connected parties on corporate governance and transactions.

UBS Securities LLC’s compliance with disclosure obligations underscores the rigorous oversight applied to exempt principal traders and connected persons, reinforcing market integrity and investor protection within Irish jurisdiction.