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 relevant securities this form relates:

DECHRA PHARMACEUTICALS PLC

(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:

06 Sep 2023

(f)

In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?

NO

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:

6,835,432

6.00%

2,169,702

1.91%

(2) Cash-settled derivatives:

2,150,070

1.89%

6,756,978

5.93%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

TOTAL: 

8,985,502

7.89%

8,926,680

7.84%

(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 PERSON MAKING THE DISCLOSURE

(a)

Purchase and sales

Class of relevant security

Purchase/sale

Number of securities

Price per unit

1p ordinary

Purchase

69,650

38.1200 GBP

1p ordinary

Purchase

16,533

38.1104 GBP

1p ordinary

Purchase

6,687

38.0900 GBP

1p ordinary

Purchase

5,000

38.0886 GBP

1p ordinary

Purchase

3,637

38.1047 GBP

1p ordinary

Purchase

3,000

38.0895 GBP

1p ordinary

Purchase

2,908

38.0830 GBP

1p ordinary

Purchase

2,314

38.1000 GBP

1p ordinary

Purchase

1,610

38.0790 GBP

1p ordinary

Purchase

1,467

38.0741 GBP

1p ordinary

Purchase

1,134

38.1147 GBP

1p ordinary

Purchase

1,118

38.1500 GBP

1p ordinary

Purchase

1,083

38.0919 GBP

1p ordinary

Purchase

774

38.1722 GBP

1p ordinary

Purchase

507

38.0666 GBP

1p ordinary

Purchase

442

38.0800 GBP

1p ordinary

Purchase

379

38.0710 GBP

1p ordinary

Purchase

174

38.0600 GBP

1p ordinary

Sale

28,808

38.0870 GBP

1p ordinary

Sale

15,115

38.1090 GBP

1p ordinary

Sale

10,999

38.0900 GBP

1p ordinary

Sale

9,900

38.0800 GBP

1p ordinary

Sale

9,700

38.0782 GBP

1p ordinary

Sale

4,941

38.1161 GBP

1p ordinary

Sale

2,908

38.0830 GBP

1p ordinary

Sale

2,167

38.0886 GBP

1p ordinary

Sale

1,835

38.1000 GBP

1p ordinary

Sale

1,488

38.1199 GBP

1p ordinary

Sale

325

38.1200 GBP

1p ordinary

Sale

117

38.1051 GBP

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

1p ordinary

SWAP

Long

117

38.1051 GBP

1p ordinary

SWAP

Long

291

38.0800 GBP

1p ordinary

SWAP

Long

796

38.1141 GBP

1p ordinary

SWAP

Long

1,236

38.1149 GBP

1p ordinary

SWAP

Long

1,694

38.0837 GBP

1p ordinary

SWAP

Long

2,167

38.0886 GBP

1p ordinary

SWAP

Long

4,941

38.1161 GBP

1p ordinary

SWAP

Long

5,418

38.1200 GBP

1p ordinary

SWAP

Long

7,350

38.0987 GBP

1p ordinary

SWAP

Long

9,700

38.0782 GBP

1p ordinary

SWAP

Long

10,518

38.0880 GBP

1p ordinary

SWAP

Long

28,808

38.0870 GBP

1p ordinary

SWAP

Short

106

38.1000 GBP

1p ordinary

SWAP

Short

231

38.0800 GBP

1p ordinary

SWAP

Short

1,132

38.1074 GBP

1p ordinary

SWAP

Short

1,610

38.0790 GBP

1p ordinary

SWAP

Short

1,728

38.0934 GBP

1p ordinary

SWAP

Short

2,661

38.1188 GBP

1p ordinary

SWAP

Short

3,000

38.0895 GBP

1p ordinary

SWAP

Short

3,637

38.1047 GBP

1p ordinary

SWAP

Short

18,403

38.1156 GBP

1p ordinary

SWAP

Short

64,961

38.1200 GBP

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class of relevant security

Product description

Writing, purchasing, selling, varying etc

Number of securities to which option relates

Exercise price per unit

Type

Expiry date

Option money paid/ received per unit

(ii)

Exercising

Class of relevant security

Product description

Exercising/ exercised against

Number of securities

Exercise price per unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant security

Nature of Dealings

Details

Price per unit (if 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 person 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:

07 Sep 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213