High Court orders DCC Energy scheme meeting for 18 September

The High Court of Ireland has ordered DCC Energy plc to convene a meeting of its shareholders on 18 September 2026 to vote on a proposed scheme of arrangement, a significant step in a corporate restructuring that will affect the company’s shareholders. The order, made on 20 August 2026 in proceedings 2026 No. 299 COS, was published in Iris Oifigiúil on 25 August 2026.

The court acted under section 450(3) of the Companies Act 2014 (the “Act”), directing the summoning of the “Scheme Meeting” of the holders of the Scheme Shares in issue at the Voting Record Time. The meeting will be held at The Clayton Hotel Leopardstown, Central Park, Sandyford Business Park, Co. Dublin, commencing at 2:00 p.m. (Irish time).

The scheme of arrangement

The scheme is proposed under Chapter 1 of Part 9 of the Act and is to be made between DCC Energy plc (the “Company”) and the Scheme Shareholders. The resolution to be put to the meeting asks shareholders to agree to the scheme “in its original form or with or subject to any modification(s), addition(s) or condition(s) approved or imposed by the High Court.”

• The resolution requires approval by Scheme Shareholders representing at least 75% in value of the Scheme Shares voted, either personally or by proxy (section 449(1) of the Act).
• The quorum is two or more Scheme Shareholders present in person or by proxy holding, in aggregate, not less than one-third in nominal value of the Scheme Shares at the Voting Record Time (section 1087D(2) of the Act).
• The court has designated Mark Breuer, Chair of the board of directors, to act as Chair of the Scheme Meeting, or in his absence such other director as the board determines.

Documentation and next steps

A copy of the scheme, the scheme circular required under section 452 of the Act (the “Scheme Document”) and formal notice of the meeting have been sent to each holder of the Scheme Shares. Attendance and participation will follow the Statement of Procedures set out in the Scheme Document, which is also available on the company’s website.

The completion of the scheme is subject to, among other items, the approval of the resolution at the Scheme Meeting and the resolutions to be proposed at an extraordinary general meeting of DCC Energy convened for the same date, 18 September 2026. Following the prior satisfaction or waiver of the other conditions, the Company will apply to the High Court to sanction the scheme in due course. William Fry LLP, 2 Grand Canal Square, Dublin 2, acts as solicitors for the Company.

Why it matters

The scheme of arrangement is a court-supervised mechanism that allows a company to restructure its share capital or arrangements with the binding approval of a qualifying majority of shareholders. For DCC Energy plc, the outcome of the 18 September vote will determine whether the restructuring proceeds to final court sanction, making the meeting a decisive moment for the company’s shareholders and its future corporate structure.

Source: Iris Oifigiúil, No. 68, 25 August 2026, Section I (official reference: 2026 No. 299 COS).