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 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:

8,007,239

7.03%

2,622,558

2.30%

(2)

Cash-settled derivatives:

and/or controlled:

910,190

0.80%

7,936,891

6.97%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

8,917,429

7.83%

10,559,449

9.27%

(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

300,000

38.4792 GBP

1p ordinary

Purchase

100,000

38.4392 GBP

1p ordinary

Purchase

27,100

38.4500 GBP

1p ordinary

Purchase

26,872

38.4612 GBP

1p ordinary

Purchase

25,000

38.4592 GBP

1p ordinary

Purchase

11,305

38.4581 GBP

1p ordinary

Purchase

6,627

38.4577 GBP

1p ordinary

Purchase

5,390

38.4578 GBP

1p ordinary

Purchase

3,614

38.4626 GBP

1p ordinary

Purchase

2,725

38.4473 GBP

1p ordinary

Purchase

2,255

38.4600 GBP

1p ordinary

Purchase

1,524

38.4891 GBP

1p ordinary

Purchase

1,054

38.4700 GBP

1p ordinary

Purchase

651

38.4336 GBP

1p ordinary

Purchase

602

38.4200 GBP

1p ordinary

Purchase

454

38.4400 GBP

1p ordinary

Purchase

14

38.4800 GBP

1p ordinary

Sale

29,797

38.4512 GBP

1p ordinary

Sale

8,297

38.4000 GBP

1p ordinary

Sale

7,747

38.4600 GBP

1p ordinary

Sale

3,216

38.4580 GBP

1p ordinary

Sale

1,208

38.4971 GBP

1p ordinary

Sale

1,174

38.4995 GBP

1p ordinary

Sale

929

38.3950 GBP

1p ordinary

Sale

485

38.4561 GBP

1p ordinary

Sale

413

38.4700 GBP

1p ordinary

Sale

122

38.4400 GBP

1p ordinary

Sale

106

38.4200 GBP

1p ordinary

Sale

97

38.4729 GBP

1p ordinary

Sale

25

38.4211 GBP

1p ordinary

Sale

14

38.4800 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

118

38.4400 GBP

1p ordinary

SWAP

Decreasing Long

1,580

38.4461 GBP

1p ordinary

SWAP

Decreasing Long

5,086

38.4517 GBP

1p ordinary

SWAP

Decreasing Long

10,356

38.4600 GBP

1p ordinary

SWAP

Decreasing Short

485

38.4561 GBP

1p ordinary

SWAP

Decreasing Short

1,853

38.4685 GBP

1p ordinary

SWAP

Decreasing Short

2,270

38.4969 GBP

1p ordinary

SWAP

Decreasing Short

2,816

38.4141 GBP

1p ordinary

SWAP

Decreasing Short

7,497

38.4000 GBP

1p ordinary

SWAP

Increasing Short

15

38.4238 GBP

1p ordinary

SWAP

Increasing Short

18

38.4316 GBP

1p ordinary

SWAP

Increasing Short

84

38.4600 GBP

1p ordinary

SWAP

Increasing Short

214

38.4400 GBP

1p ordinary

SWAP

Increasing Short

1,069

38.4497 GBP

1p ordinary

SWAP

Increasing Short

5,411

38.4697 GBP

1p ordinary

SWAP

Increasing Short

5,433

38.4642 GBP

1p ordinary

SWAP

Increasing Short

10,225

38.4599 GBP

1p ordinary

SWAP

Increasing Short

11,272

38.4582 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 Dec 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213