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:

05 Jun 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:

1,006,618

0.88%

757,069

0.66%

(2)

Cash-settled derivatives:

and/or controlled:

693,718

0.61%

923,777

0.81%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,700,336

1.49%

1,680,846

1.48%

(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

Sale

189

36.3600 GBP

1p ordinary

Sale

2,479

36.3233 GBP

1p ordinary

Sale

10,677

36.3800 GBP

1p ordinary

Purchase

19,900

36.3589 GBP

1p ordinary

Sale

274

36.3300 GBP

1p ordinary

Purchase

23,000

36.3236 GBP

1p ordinary

Purchase

244

36.3283 GBP

1p ordinary

Sale

82

36.4036 GBP

1p ordinary

Sale

915

36.3776 GBP

1p ordinary

Sale

738

36.3335 GBP

1p ordinary

Purchase

622

36.3519 GBP

1p ordinary

Purchase

3,691

36.3200 GBP

1p ordinary

Sale

1,605

36.3435 GBP

1p ordinary

Sale

5,000

36.3927 GBP

1p ordinary

Purchase

2,274

36.4358 GBP

1p ordinary

Sale

5,000

36.3890 GBP

1p ordinary

Sale

257

36.3351 GBP

1p ordinary

Purchase

7,874

36.3396 GBP

1p ordinary

Sale

100

36.3696 GBP

1p ordinary

Sale

708

36.3262 GBP

1p ordinary

Purchase

7,316

36.3628 GBP

1p ordinary

Purchase

85,531

36.3630 GBP

1p ordinary

Sale

275

36.3500 GBP

1p ordinary

Sale

10,182

36.3260 GBP

1p ordinary

Purchase

29,228

36.4465 GBP

1p ordinary

Purchase

37,930

36.3369 GBP

1p ordinary

Sale

313

36.3400 GBP

1p ordinary

Sale

667

36.3347 GBP

1p ordinary

Purchase

165

36.3210 GBP

1p ordinary

Sale

138

36.4066 GBP

1p ordinary

Sale

544

36.3631 GBP

1p ordinary

Sale

718

36.3340 GBP

1p ordinary

Sale

2,436

36.4400 GBP

1p ordinary

Purchase

1,599

36.3884 GBP

1p ordinary

Sale

12,767

36.4545 GBP

1p ordinary

Purchase

183

36.3700 GBP

1p ordinary

Purchase

10,892

36.3629 GBP

1p ordinary

Purchase

537

36.3477 GBP

1p ordinary

Sale

85

36.3710 GBP

1p ordinary

Sale

394

36.3686 GBP

1p ordinary

Sale

95

36.3100 GBP

1p ordinary

Sale

11,000

36.3842 GBP

1p ordinary

Sale

368

36.3593 GBP

1p ordinary

Purchase

491

36.3378 GBP

1p ordinary

Sale

468

36.3235 GBP

1p ordinary

Purchase

398

36.4385 GBP

1p ordinary

Purchase

11,739

36.3222 GBP

1p ordinary

Sale

1,110

36.4000 GBP

1p ordinary

Sale

268

36.4200 GBP

1p ordinary

Purchase

93,870

36.5455 GBP

1p ordinary

Sale

183

36.3700 GBP

1p ordinary

Sale

100,000

36.3745 GBP

1p ordinary

Purchase

4,356

36.3998 GBP

1p ordinary

Purchase

6,828

36.4010 GBP

1p ordinary

Sale

555

36.4374 GBP

1p ordinary

Purchase

214

36.3600 GBP

1p ordinary

Purchase

275

36.3500 GBP

1p ordinary

Purchase

21

36.3400 GBP

1p ordinary

Purchase

314

36.4006 GBP

1p ordinary

Sale

11,739

36.3222 GBP

1p ordinary

Purchase

486

36.3506 GBP

1p ordinary

Purchase

6,937

36.3653 GBP

1p ordinary

Purchase

2,565

36.3701 GBP

1p ordinary

Sale

414

36.3237 GBP

1p ordinary

Sale

1,239

36.3357 GBP

1p ordinary

Sale

37,800

36.3515 GBP

1p ordinary

Purchase

20,707

36.3530 GBP

1p ordinary

Purchase

2,495

36.3429 GBP

1p ordinary

Purchase

14,099

36.4181 GBP

1p ordinary

Sale

4,426

36.3559 GBP

1p ordinary

Sale

25,338

36.3624 GBP

1p ordinary

Purchase

95

36.3100 GBP

1p ordinary

Sale

99

36.3000 GBP

1p ordinary

Sale

25,789

36.3221 GBP

1p ordinary

Purchase

1,947

36.4295 GBP

1p ordinary

Purchase

4,468

36.3377 GBP

1p ordinary

Sale

2,280

36.3521 GBP

1p ordinary

Sale

2,698

36.4494 GBP

1p ordinary

Sale

10,204

36.4480 GBP

1p ordinary

Sale

191,785

36.3316 GBP

1p ordinary

Sale

4,099

36.3200 GBP

1p ordinary

Purchase

25,000

36.3278 GBP

1p ordinary

Purchase

1,120

36.4000 GBP

1p ordinary

Purchase

99

36.3000 GBP

1p ordinary

Sale

203

36.3761 GBP

1p ordinary

Sale

3,552

36.3743 GBP

1p ordinary

Sale

10,026

36.3283 GBP

1p ordinary

Sale

49

36.4085 GBP

1p ordinary

Purchase

210

36.3665 GBP

1p ordinary

Sale

560

36.4140 GBP

1p ordinary

Sale

1,333

36.4540 GBP

1p ordinary

Sale

23,852

36.3554 GBP

1p ordinary

Purchase

72,802

36.3420 GBP

1p ordinary

Purchase

110,831

36.3764 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

1p ordinary

CFD

Long

1

36.4000 GBP

1p ordinary

SWAP

Long

250

36.2770 GBP

1p ordinary

CFD

Long

499

36.3967 GBP

1p ordinary

SWAP

Long

514

36.3517 GBP

1p ordinary

CFD

Long

718

36.3339 GBP

1p ordinary

CFD

Long

787

36.3200 GBP

1p ordinary

CFD

Long

1,383

36.3459 GBP

1p ordinary

SWAP

Long

1,663

36.3227 GBP

1p ordinary

SWAP

Long

1,664

36.3226 GBP

1p ordinary

CFD

Long

2,333

36.4098 GBP

1p ordinary

SWAP

Long

2,684

36.3665 GBP

1p ordinary

SWAP

Long

4,841

36.3524 GBP

1p ordinary

SWAP

Long

5,000

36.3927 GBP

1p ordinary

SWAP

Long

5,000

36.3890 GBP

1p ordinary

CFD

Long

6,488

36.3509 GBP

1p ordinary

SWAP

Long

11,000

36.3842 GBP

1p ordinary

SWAP

Long

35,182

36.3434 GBP

1p ordinary

SWAP

Long

87,237

36.3316 GBP

1p ordinary

SWAP

Long

98,325

36.3386 GBP

1p ordinary

SWAP

Long

100,000

36.3745 GBP

1p ordinary

SWAP

Short

34

36.3429 GBP

1p ordinary

SWAP

Short

96

36.3500 GBP

1p ordinary

SWAP

Short

216

36.3533 GBP

1p ordinary

CFD

Short

251

36.3200 GBP

1p ordinary

SWAP

Short

312

36.3557 GBP

1p ordinary

SWAP

Short

453

36.3649 GBP

1p ordinary

SWAP

Short

686

36.3558 GBP

1p ordinary

SWAP

Short

1,787

36.3833 GBP

1p ordinary

SWAP

Short

2,273

36.3729 GBP

1p ordinary

SWAP

Short

3,181

36.3690 GBP

1p ordinary

SWAP

Short

4,465

36.3461 GBP

1p ordinary

SWAP

Short

5,426

36.3575 GBP

1p ordinary

SWAP

Short

5,461

36.3621 GBP

1p ordinary

SWAP

Short

9,121

36.3661 GBP

1p ordinary

CFD

Short

11,739

36.3222 GBP

1p ordinary

SWAP

Short

14,138

36.3509 GBP

1p ordinary

SWAP

Short

19,611

36.3515 GBP

1p ordinary

SWAP

Short

23,000

36.3236 GBP

1p ordinary

CFD

Short

24,038

36.3210 GBP

1p ordinary

SWAP

Short

37,139

36.3643 GBP

1p ordinary

CFD

Short

38,095

36.3368 GBP

1p ordinary

CFD

Short

38,924

36.4389 GBP

1p ordinary

SWAP

Short

93,870

36.5455 GBP

1p ordinary

SWAP

Short

117,324

36.3764 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:

06 Jun 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213