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:

20 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:

8,009,388

7.03%

2,576,306

2.26%

(2)

Cash-settled derivatives:

and/or controlled:

864,216

0.76%

7,939,162

6.97%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

8,873,604

7.79%

10,515,468

9.23%

(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

196,514

38.4224 GBP

1p ordinary

Purchase

62,402

38.4294 GBP

1p ordinary

Purchase

9,812

38.4000 GBP

1p ordinary

Purchase

9,590

38.4439 GBP

1p ordinary

Purchase

6,106

38.3980 GBP

1p ordinary

Purchase

6,097

38.4200 GBP

1p ordinary

Purchase

1,110

38.4543 GBP

1p ordinary

Purchase

353

38.4600 GBP

1p ordinary

Purchase

21

38.3800 GBP

1p ordinary

Purchase

12

38.4400 GBP

1p ordinary

Purchase

6

38.4033 GBP

1p ordinary

Purchase

2

38.4450 GBP

1p ordinary

Sale

133,791

38.4208 GBP

1p ordinary

Sale

58,997

38.4240 GBP

1p ordinary

Sale

27,550

38.4400 GBP

1p ordinary

Sale

15,877

38.4000 GBP

1p ordinary

Sale

8,416

38.4249 GBP

1p ordinary

Sale

3,559

38.4226 GBP

1p ordinary

Sale

2,856

38.4055 GBP

1p ordinary

Sale

1,987

38.4200 GBP

1p ordinary

Sale

676

38.4259 GBP

1p ordinary

Sale

54

38.4173 GBP

1p ordinary

Sale

10

38.4136 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

16

38.4325 GBP

1p ordinary

SWAP

Decreasing Long

12,430

38.4000 GBP

1p ordinary

SWAP

Decreasing Long

13,740

38.4518 GBP

1p ordinary

CFD

Decreasing Short

10

38.4140 GBP

1p ordinary

CFD

Decreasing Short

54

38.4174 GBP

1p ordinary

CFD

Decreasing Short

1,066

38.4217 GBP

1p ordinary

SWAP

Decreasing Short

2,341

38.4169 GBP

1p ordinary

SWAP

Decreasing Short

3,936

38.4088 GBP

1p ordinary

CFD

Decreasing Short

5,771

38.4216 GBP

1p ordinary

SWAP

Decreasing Short

22,330

38.4400 GBP

1p ordinary

SWAP

Increasing Long

54

38.4400 GBP

1p ordinary

SWAP

Increasing Short

2

38.4438 GBP

1p ordinary

SWAP

Increasing Short

6

38.4038 GBP

1p ordinary

SWAP

Increasing Short

12

38.4266 GBP

1p ordinary

CFD

Increasing Short

85

38.4225 GBP

1p ordinary

SWAP

Increasing Short

277

38.4200 GBP

1p ordinary

SWAP

Increasing Short

8,135

38.4002 GBP

1p ordinary

SWAP

Increasing Short

9,041

38.4309 GBP

1p ordinary

SWAP

Increasing Short

9,590

38.4439 GBP

1p ordinary

SWAP

Increasing Short

20,469

38.4450 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:

21 Dec 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213