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:

01 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:

7,567,628

6.64%

1,009,791

0.89%

(2)

Cash-settled derivatives:

and/or controlled:

1,005,778

0.88%

7,519,857

6.60%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

8,573,406

7.53%

8,529,648

7.49%

(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

92,786

38.2591 GBP

1p ordinary

Purchase

41,670

38.3000 GBP

1p ordinary

Purchase

26,596

38.2785 GBP

1p ordinary

Purchase

7,048

38.2814 GBP

1p ordinary

Purchase

3,915

38.2780 GBP

1p ordinary

Purchase

3,686

38.2800 GBP

1p ordinary

Purchase

2,151

38.2757 GBP

1p ordinary

Purchase

1,235

38.2703 GBP

1p ordinary

Purchase

990

38.2548 GBP

1p ordinary

Purchase

895

38.2654 GBP

1p ordinary

Purchase

867

38.2600 GBP

1p ordinary

Purchase

667

38.2700 GBP

1p ordinary

Purchase

581

38.2484 GBP

1p ordinary

Purchase

430

38.2707 GBP

1p ordinary

Purchase

284

38.2629 GBP

1p ordinary

Purchase

258

38.2400 GBP

1p ordinary

Purchase

161

38.2583 GBP

1p ordinary

Purchase

149

38.2684 GBP

1p ordinary

Purchase

26

38.2799 GBP

1p ordinary

Purchase

8

38.2637 GBP

1p ordinary

Sale

31,232

38.2974 GBP

1p ordinary

Sale

17,471

38.2756 GBP

1p ordinary

Sale

12,662

38.3000 GBP

1p ordinary

Sale

11,715

38.2171 GBP

1p ordinary

Sale

2,286

38.2283 GBP

1p ordinary

Sale

1,526

38.2532 GBP

1p ordinary

Sale

489

38.1944 GBP

1p ordinary

Sale

396

38.2700 GBP

1p ordinary

Sale

366

38.2614 GBP

1p ordinary

Sale

318

38.2600 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

Long

318

38.2600 GBP

1p ordinary

SWAP

Long

366

38.2614 GBP

1p ordinary

SWAP

Long

6,824

38.1704 GBP

1p ordinary

SWAP

Long

9,192

38.2593 GBP

1p ordinary

SWAP

Long

17,471

38.2756 GBP

1p ordinary

SWAP

Short

8

38.2638 GBP

1p ordinary

SWAP

Short

26

38.2799 GBP

1p ordinary

SWAP

Short

909

38.3000 GBP

1p ordinary

SWAP

Short

1,235

38.2703 GBP

1p ordinary

SWAP

Short

1,416

38.2800 GBP

1p ordinary

SWAP

Short

8,797

38.2744 GBP

1p ordinary

SWAP

Short

16,164

38.2777 GBP

1p ordinary

SWAP

Short

17,578

38.2806 GBP

1p ordinary

SWAP

Short

92,786

38.2591 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:

04 Dec 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213