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:

25 May 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:

774,334

0.68%

571,509

0.50%

(2)

Cash-settled derivatives:

and/or controlled:

554,529

0.49%

744,496

0.65%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,328,863

1.17%

1,316,005

1.16%

(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

25

31.9300 GBP

1p ordinary

Purchase

27

31.9400 GBP

1p ordinary

Purchase

56

31.2800 GBP

1p ordinary

Purchase

68

31.2400 GBP

1p ordinary

Purchase

171

31.5221 GBP

1p ordinary

Purchase

180

31.8316 GBP

1p ordinary

Purchase

211

31.4424 GBP

1p ordinary

Purchase

215

31.4600 GBP

1p ordinary

Purchase

217

31.2200 GBP

1p ordinary

Purchase

289

31.4000 GBP

1p ordinary

Purchase

409

31.4661 GBP

1p ordinary

Purchase

436

31.2320 GBP

1p ordinary

Purchase

525

31.3885 GBP

1p ordinary

Purchase

664

31.3807 GBP

1p ordinary

Purchase

673

31.3874 GBP

1p ordinary

Purchase

824

31.5226 GBP

1p ordinary

Purchase

825

31.3600 GBP

1p ordinary

Purchase

1,030

31.3969 GBP

1p ordinary

Purchase

1,073

31.8400 GBP

1p ordinary

Purchase

1,397

31.2481 GBP

1p ordinary

Purchase

2,467

31.4129 GBP

1p ordinary

Purchase

2,939

31.3941 GBP

1p ordinary

Purchase

3,000

31.4414 GBP

1p ordinary

Purchase

3,000

31.5615 GBP

1p ordinary

Purchase

4,518

31.3440 GBP

1p ordinary

Purchase

4,793

31.4626 GBP

1p ordinary

Purchase

23,789

31.6717 GBP

1p ordinary

Purchase

41,444

31.7676 GBP

1p ordinary

Purchase

47,937

31.8384 GBP

1p ordinary

Sale

88

31.4800 GBP

1p ordinary

Sale

103

31.4700 GBP

1p ordinary

Sale

207

31.5300 GBP

1p ordinary

Sale

215

31.4631 GBP

1p ordinary

Sale

231

31.4397 GBP

1p ordinary

Sale

564

31.4635 GBP

1p ordinary

Sale

825

31.3600 GBP

1p ordinary

Sale

867

31.5028 GBP

1p ordinary

Sale

974

31.5608 GBP

1p ordinary

Sale

1,105

31.8400 GBP

1p ordinary

Sale

1,580

31.4695 GBP

1p ordinary

Sale

1,952

31.4600 GBP

1p ordinary

Sale

3,518

31.7063 GBP

1p ordinary

Sale

6,020

31.4000 GBP

1p ordinary

Sale

8,905

31.6629 GBP

1p ordinary

Sale

24,000

31.6697 GBP

1p ordinary

Sale

28,002

31.7149 GBP

1p ordinary

Sale

50,726

31.8171 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

5

31.8600 GBP

1p ordinary

SWAP

Long

18

31.8400 GBP

1p ordinary

CFD

Long

825

31.3600 GBP

1p ordinary

CFD

Long

2,102

31.6297 GBP

1p ordinary

CFD

Long

2,961

31.7002 GBP

1p ordinary

SWAP

Long

3,518

31.7063 GBP

1p ordinary

SWAP

Long

15,066

31.6794 GBP

1p ordinary

SWAP

Long

18,025

31.7242 GBP

1p ordinary

SWAP

Short

147

31.5581 GBP

1p ordinary

SWAP

Short

457

31.5421 GBP

1p ordinary

CFD

Short

825

31.8400 GBP

1p ordinary

SWAP

Short

1,169

31.5067 GBP

1p ordinary

SWAP

Short

1,296

31.9068 GBP

1p ordinary

SWAP

Short

2,218

31.2519 GBP

1p ordinary

SWAP

Short

2,559

31.5069 GBP

1p ordinary

SWAP

Short

3,000

31.4414 GBP

1p ordinary

SWAP

Short

3,000

31.5615 GBP

1p ordinary

SWAP

Short

4,518

31.3440 GBP

1p ordinary

SWAP

Short

4,592

31.4505 GBP

1p ordinary

SWAP

Short

14,889

31.8400 GBP

1p ordinary

SWAP

Short

17,795

31.8188 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:

26 May 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213