Form 8.3 - DECHRA PHARMACEUTICALS PLC

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR

MORE

Rule 8.3 of the Takeover Code (the "Code")

1.

KEY INFORMATION

(a)

Full name of discloser:

Barclays PLC.

(b)

Owner or controller of interest and short

positions disclosed, if different from 1(a):

(c)

Name of offeror/offeree in relation to whose

DECHRA PHARMACEUTICALS PLC

relevant securities this form relates:

(d)

If an exempt fund manager connected with an

offeror/offeree, state this and specify identity of

offeror/offeree:

(e)

Date position held/dealing undertaken:

14 Dec 2023

(f)

In addition to the company in 1(c) above, is the discloser making

NO

disclosures in respect of any other party to the offer?

2.

POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(a)

Interests and short positions in the relevant securities of the offeror or offeree

to which the disclosure relates following the dealing(if any)

Class of relevant security:

1p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

7,537,068

6.62%

2,364,336

2.08%

(2)

Cash-settled derivatives:

and/or controlled:

950,636

0.83%

7,476,891

6.56%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

8,487,704

7.45%

9,841,227

8.64%

(b)

Rights to subscribe for new securities (including directors and other executive

options)

Class of relevant security in relation to

which subscription right exists

Details, including nature of the rights

concerned and relevant percentages:

3.

DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a)

Purchases and sales

Class of relevant

Purchase/sale

Number of

Price per unit

security

securities

1p ordinary

Purchase

45,163

38.4504 GBP

1p ordinary

Purchase

16,233

38.4600 GBP

1p ordinary

Purchase

9,547

38.4445 GBP

1p ordinary

Purchase

8,841

38.4319 GBP

1p ordinary

Purchase

5,067

38.4338 GBP

1p ordinary

Purchase

4,195

38.4580 GBP

1p ordinary

Purchase

2,193

38.4559 GBP

1p ordinary

Purchase

808

38.4495 GBP

1p ordinary

Purchase

515

38.3819 GBP

1p ordinary

Purchase

513

38.4000 GBP

1p ordinary

Purchase

440

38.4352 GBP

1p ordinary

Purchase

415

38.4238 GBP

1p ordinary

Purchase

402

38.4259 GBP

1p ordinary

Purchase

352

38.4800 GBP

1p ordinary

Purchase

220

38.4300 GBP

1p ordinary

Purchase

216

38.4403 GBP

1p ordinary

Purchase

188

38.4200 GBP

1p ordinary

Purchase

2

38.4400 GBP

1p ordinary

Sale

1,411,034

38.4600 GBP

1p ordinary

Sale

24,946

38.4400 GBP

1p ordinary

Sale

13,730

38.4317 GBP

1p ordinary

Sale

4,465

38.4593 GBP

1p ordinary

Sale

4,386

38.4591 GBP

1p ordinary

Sale

1,855

38.4156 GBP

1p ordinary

Sale

838

38.4123 GBP

1p ordinary

Sale

495

38.4119 GBP

1p ordinary

Sale

312

38.4098 GBP

1p ordinary

Sale

161

38.4200 GBP

1p ordinary

Sale

100

38.3800 GBP

1p ordinary

Sale

65

38.3600 GBP

1p ordinary

Sale

10

38.4360 GBP

1p ordinary

Sale

2

38.4561 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

1p ordinary

SWAP

Decreasing Long

1,714

38.4282 GBP

1p ordinary

SWAP

Decreasing Long

9,023

38.4600 GBP

1p ordinary

SWAP

Decreasing Long

10,246

38.4452 GBP

1p ordinary

SWAP

Decreasing Short

3

38.4566 GBP

1p ordinary

SWAP

Decreasing Short

6

38.4161 GBP

1p ordinary

SWAP

Decreasing Short

7

38.4561 GBP

1p ordinary

SWAP

Decreasing Short

312

38.4098 GBP

1p ordinary

SWAP

Decreasing Short

838

38.4123 GBP

1p ordinary

CFD

Decreasing Short

1,045

38.4600 GBP

1p ordinary

SWAP

Decreasing Short

2,341

38.3969 GBP

1p ordinary

CFD

Decreasing Short

2,359

38.4148 GBP

1p ordinary

SWAP

Decreasing Short

3,340

38.4523 GBP

1p ordinary

SWAP

Decreasing Short

4,386

38.4591 GBP

1p ordinary

SWAP

Decreasing Short

8,085

38.4303 GBP

1p ordinary

SWAP

Decreasing Short

24,946

38.4400 GBP

1p ordinary

SWAP

Increasing Long

55

38.4200 GBP

1p ordinary

SWAP

Increasing Short

3

38.4300 GBP

1p ordinary

CFD

Increasing Short

29

38.4600 GBP

1p ordinary

SWAP

Increasing Short

415

38.4238 GBP

1p ordinary

SWAP

Increasing Short

1,072

38.4342 GBP

1p ordinary

SWAP

Increasing Short

3,293

38.4055 GBP

1p ordinary

SWAP

Increasing Short

8,322

38.4681 GBP

1p ordinary

SWAP

Increasing Short

8,841

38.4319 GBP

1p ordinary

SWAP

Increasing Short

15,209

38.4308 GBP

1p ordinary

SWAP

Increasing Short

27,827

38.4600 GBP

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class

Product

Writing,

Number

Exercise

Type

Expiry

Option

of

description

purchasing,

of

price

date

money

relevant

selling,

securities

per unit

paid/

security

varying etc

to which

received

option

per unit

relates

(ii)

Exercising

Class of relevant

Product description

Exercising/ exercised against

Number of

Exercise price per

security

securities

unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant

Nature of Dealings

Details

Price per unit (if

security

applicable)

4.

OTHER INFORMATION

(a)

Indemnity and other dealings 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:

NONE

(b)

Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between

the person making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights of future acquisition or disposal of any relevant securities to which

any derivative is referenced:

NONE

(c)

Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:

15 Dec 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213