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:

19 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:

7,997,414

7.02%

2,602,584

2.28%

(2)

Cash-settled derivatives:

and/or controlled:

890,348

0.78%

7,927,053

6.96%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

8,887,762

7.80%

10,529,637

9.24%

(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

258,347

38.4638 GBP

1p ordinary

Purchase

29,868

38.4755 GBP

1p ordinary

Purchase

15,000

38.4810 GBP

1p ordinary

Purchase

10,264

38.4813 GBP

1p ordinary

Purchase

10,109

38.4878 GBP

1p ordinary

Purchase

9,418

38.4886 GBP

1p ordinary

Purchase

7,909

38.4380 GBP

1p ordinary

Purchase

1,340

38.4400 GBP

1p ordinary

Purchase

1,147

38.4812 GBP

1p ordinary

Purchase

318

38.4800 GBP

1p ordinary

Purchase

110

38.5000 GBP

1p ordinary

Purchase

16

38.4732 GBP

1p ordinary

Sale

81,319

38.4492 GBP

1p ordinary

Sale

45,760

38.4659 GBP

1p ordinary

Sale

26,962

38.4759 GBP

1p ordinary

Sale

23,399

38.4792 GBP

1p ordinary

Sale

22,784

38.4670 GBP

1p ordinary

Sale

22,208

38.4788 GBP

1p ordinary

Sale

17,385

38.4600 GBP

1p ordinary

Sale

17,092

38.4800 GBP

1p ordinary

Sale

15,833

38.4680 GBP

1p ordinary

Sale

13,657

38.4715 GBP

1p ordinary

Sale

11,405

38.4604 GBP

1p ordinary

Sale

10,017

38.4797 GBP

1p ordinary

Sale

7,448

38.4456 GBP

1p ordinary

Sale

6,500

38.4584 GBP

1p ordinary

Sale

4,074

38.4631 GBP

1p ordinary

Sale

3,910

38.5000 GBP

1p ordinary

Sale

2,316

38.4894 GBP

1p ordinary

Sale

1,040

38.4400 GBP

1p ordinary

Sale

500

38.4700 GBP

1p ordinary

Sale

50

38.4616 GBP

1p ordinary

Sale

30

38.4360 GBP

1p ordinary

Sale

8

38.4811 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

1,618

38.4400 GBP

1p ordinary

SWAP

Decreasing Long

18,224

38.4869 GBP

1p ordinary

SWAP

Decreasing Short

30

38.4361 GBP

1p ordinary

CFD

Decreasing Short

50

38.4616 GBP

1p ordinary

CFD

Decreasing Short

5,110

38.4594 GBP

1p ordinary

SWAP

Decreasing Short

8,848

38.4441 GBP

1p ordinary

SWAP

Decreasing Short

16,744

38.4600 GBP

1p ordinary

SWAP

Decreasing Short

19,210

38.4969 GBP

1p ordinary

SWAP

Increasing Short

6

38.4400 GBP

1p ordinary

SWAP

Increasing Short

7

38.4724 GBP

1p ordinary

SWAP

Increasing Short

9

38.4738 GBP

1p ordinary

SWAP

Increasing Short

45

38.5038 GBP

1p ordinary

SWAP

Increasing Short

310

38.4800 GBP

1p ordinary

SWAP

Increasing Short

3,788

38.4410 GBP

1p ordinary

SWAP

Increasing Short

6,500

38.4672 GBP

1p ordinary

SWAP

Increasing Short

10,219

38.4812 GBP

1p ordinary

SWAP

Increasing Short

19,270

38.4901 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:

20 Dec 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213