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:

18 Jul 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:

3,622,313

3.18%

2,017,103

1.77%

(2)

Cash-settled derivatives:

and/or controlled:

1,949,242

1.71%

3,513,689

3.09%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

5,571,555

4.89%

5,530,792

4.86%

(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

3,013

37.0338 GBP

1p ordinary

Purchase

354

37.0029 GBP

1p ordinary

Purchase

217

37.0116 GBP

1p ordinary

Sale

210

37.0098 GBP

1p ordinary

Sale

306

37.0000 GBP

1p ordinary

Purchase

317

37.0401 GBP

1p ordinary

Purchase

42,044

37.0230 GBP

1p ordinary

Sale

237

37.0686 GBP

1p ordinary

Sale

690

36.9800 GBP

1p ordinary

Sale

115

37.0400 GBP

1p ordinary

Sale

771

37.0355 GBP

1p ordinary

Purchase

3,137

37.0550 GBP

1p ordinary

Sale

592

37.0534 GBP

1p ordinary

Sale

3,000

37.0184 GBP

1p ordinary

Purchase

313

37.0000 GBP

1p ordinary

Purchase

652

37.0618 GBP

1p ordinary

Sale

118

37.1200 GBP

1p ordinary

Sale

62

37.0519 GBP

1p ordinary

Sale

3,141

37.0206 GBP

1p ordinary

Sale

738

37.0036 GBP

1p ordinary

Purchase

25,000

37.0158 GBP

1p ordinary

Sale

8,079

37.1000 GBP

1p ordinary

Purchase

11,011

37.0200 GBP

1p ordinary

Purchase

130

37.0800 GBP

1p ordinary

Purchase

1,274

37.0444 GBP

1p ordinary

Purchase

6,339

37.0275 GBP

1p ordinary

Purchase

50,000

37.0185 GBP

1p ordinary

Purchase

386

37.0024 GBP

1p ordinary

Sale

16,166

37.0200 GBP

1p ordinary

Sale

8,249

37.0143 GBP

1p ordinary

Purchase

310

37.0335 GBP

1p ordinary

Purchase

1,384

36.9979 GBP

1p ordinary

Purchase

2,000

37.0752 GBP

1p ordinary

Sale

364

36.9942 GBP

1p ordinary

Purchase

3,848

37.0181 GBP

1p ordinary

Sale

720

37.0205 GBP

1p ordinary

Purchase

8,079

37.0970 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

62

37.0519 GBP

1p ordinary

CFD

Long

129

37.0200 GBP

1p ordinary

SWAP

Long

415

37.0327 GBP

1p ordinary

SWAP

Long

3,000

37.0184 GBP

1p ordinary

SWAP

Long

3,607

37.0104 GBP

1p ordinary

SWAP

Long

8,249

37.0143 GBP

1p ordinary

SWAP

Short

34

37.0470 GBP

1p ordinary

SWAP

Short

42

37.0462 GBP

1p ordinary

SWAP

Short

62

37.0200 GBP

1p ordinary

SWAP

Short

100

37.0830 GBP

1p ordinary

SWAP

Short

317

37.0246 GBP

1p ordinary

CFD

Short

1,422

37.0050 GBP

1p ordinary

SWAP

Short

2,000

37.0752 GBP

1p ordinary

SWAP

Short

8,792

37.0284 GBP

1p ordinary

SWAP

Short

9,929

37.0339 GBP

1p ordinary

CFD

Short

10,545

37.0200 GBP

1p ordinary

SWAP

Short

20,645

37.0255 GBP

1p ordinary

SWAP

Short

25,000

37.0158 GBP

1p ordinary

SWAP

Short

50,000

37.0185 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:

19 Jul 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213