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:

22 May 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:

804,764

0.71%

610,799

0.54%

(2)

Cash-settled derivatives:

and/or controlled:

592,722

0.52%

774,762

0.68%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,397,486

1.23%

1,385,561

1.22%

(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

6

33.9000 GBP

1p ordinary

Purchase

53

32.4400 GBP

1p ordinary

Purchase

81

32.6200 GBP

1p ordinary

Purchase

89

31.7050 GBP

1p ordinary

Purchase

103

31.6456 GBP

1p ordinary

Purchase

127

34.7200 GBP

1p ordinary

Purchase

148

34.3200 GBP

1p ordinary

Purchase

162

32.0052 GBP

1p ordinary

Purchase

183

32.6000 GBP

1p ordinary

Purchase

187

32.0768 GBP

1p ordinary

Purchase

245

34.6000 GBP

1p ordinary

Purchase

279

31.4000 GBP

1p ordinary

Purchase

280

32.1600 GBP

1p ordinary

Purchase

326

32.4950 GBP

1p ordinary

Purchase

380

32.5800 GBP

1p ordinary

Purchase

427

32.7400 GBP

1p ordinary

Purchase

448

31.7375 GBP

1p ordinary

Purchase

450

32.4200 GBP

1p ordinary

Purchase

500

34.1400 GBP

1p ordinary

Purchase

655

32.0849 GBP

1p ordinary

Purchase

758

32.4124 GBP

1p ordinary

Purchase

827

32.1152 GBP

1p ordinary

Purchase

888

32.4208 GBP

1p ordinary

Purchase

958

32.0726 GBP

1p ordinary

Purchase

1,014

32.4447 GBP

1p ordinary

Purchase

1,143

32.1543 GBP

1p ordinary

Purchase

1,207

32.6635 GBP

1p ordinary

Purchase

1,307

33.0000 GBP

1p ordinary

Purchase

1,431

32.2169 GBP

1p ordinary

Purchase

1,525

32.1429 GBP

1p ordinary

Purchase

1,607

32.6410 GBP

1p ordinary

Purchase

2,168

32.2717 GBP

1p ordinary

Purchase

2,304

32.0546 GBP

1p ordinary

Purchase

2,543

32.8126 GBP

1p ordinary

Purchase

3,133

32.6859 GBP

1p ordinary

Purchase

3,174

32.5022 GBP

1p ordinary

Purchase

3,917

32.1581 GBP

1p ordinary

Purchase

4,032

33.4216 GBP

1p ordinary

Purchase

4,411

32.2028 GBP

1p ordinary

Purchase

5,040

32.4148 GBP

1p ordinary

Purchase

6,000

33.2524 GBP

1p ordinary

Purchase

6,000

34.0134 GBP

1p ordinary

Purchase

6,183

32.7750 GBP

1p ordinary

Purchase

7,000

34.0671 GBP

1p ordinary

Purchase

7,347

32.8501 GBP

1p ordinary

Purchase

7,895

32.5628 GBP

1p ordinary

Purchase

12,694

33.0884 GBP

1p ordinary

Purchase

15,000

31.6263 GBP

1p ordinary

Purchase

15,663

32.2249 GBP

1p ordinary

Purchase

17,508

31.8785 GBP

1p ordinary

Purchase

18,302

32.6090 GBP

1p ordinary

Purchase

19,692

34.0012 GBP

1p ordinary

Purchase

20,270

32.5693 GBP

1p ordinary

Purchase

30,000

33.0018 GBP

1p ordinary

Purchase

35,000

33.0165 GBP

1p ordinary

Purchase

45,408

32.8005 GBP

1p ordinary

Purchase

54,003

31.7400 GBP

1p ordinary

Purchase

75,000

32.3561 GBP

1p ordinary

Purchase

91,964

32.3106 GBP

1p ordinary

Sale

4

31.6900 GBP

1p ordinary

Sale

33

34.6834 GBP

1p ordinary

Sale

47

32.3300 GBP

1p ordinary

Sale

53

32.4400 GBP

1p ordinary

Sale

76

32.3400 GBP

1p ordinary

Sale

88

31.3400 GBP

1p ordinary

Sale

127

34.7200 GBP

1p ordinary

Sale

129

34.0650 GBP

1p ordinary

Sale

147

31.7347 GBP

1p ordinary

Sale

148

34.3200 GBP

1p ordinary

Sale

183

32.6000 GBP

1p ordinary

Sale

243

31.7147 GBP

1p ordinary

Sale

250

34.0700 GBP

1p ordinary

Sale

282

33.2028 GBP

1p ordinary

Sale

283

32.4459 GBP

1p ordinary

Sale

304

32.2494 GBP

1p ordinary

Sale

307

33.0000 GBP

1p ordinary

Sale

324

31.9000 GBP

1p ordinary

Sale

326

32.7384 GBP

1p ordinary

Sale

340

32.8000 GBP

1p ordinary

Sale

380

32.5800 GBP

1p ordinary

Sale

427

32.7400 GBP

1p ordinary

Sale

444

32.4861 GBP

1p ordinary

Sale

448

32.6771 GBP

1p ordinary

Sale

531

32.2947 GBP

1p ordinary

Sale

624

32.7318 GBP

1p ordinary

Sale

747

32.4254 GBP

1p ordinary

Sale

757

31.7574 GBP

1p ordinary

Sale

771

32.8016 GBP

1p ordinary

Sale

798

34.4243 GBP

1p ordinary

Sale

911

34.4300 GBP

1p ordinary

Sale

931

33.5112 GBP

1p ordinary

Sale

1,049

32.6208 GBP

1p ordinary

Sale

1,253

33.1421 GBP

1p ordinary

Sale

1,253

32.4516 GBP

1p ordinary

Sale

1,302

32.5954 GBP

1p ordinary

Sale

1,484

33.1496 GBP

1p ordinary

Sale

1,519

34.5256 GBP

1p ordinary

Sale

1,933

32.8085 GBP

1p ordinary

Sale

2,058

32.6791 GBP

1p ordinary

Sale

2,098

31.8646 GBP

1p ordinary

Sale

2,143

34.0396 GBP

1p ordinary

Sale

4,019

33.7583 GBP

1p ordinary

Sale

4,620

34.4031 GBP

1p ordinary

Sale

5,910

33.2854 GBP

1p ordinary

Sale

6,000

32.3265 GBP

1p ordinary

Sale

6,526

33.8660 GBP

1p ordinary

Sale

6,602

33.9908 GBP

1p ordinary

Sale

7,289

33.6100 GBP

1p ordinary

Sale

9,703

33.9578 GBP

1p ordinary

Sale

9,821

32.8483 GBP

1p ordinary

Sale

9,872

31.7660 GBP

1p ordinary

Sale

15,902

33.1300 GBP

1p ordinary

Sale

15,971

33.8571 GBP

1p ordinary

Sale

19,094

33.0176 GBP

1p ordinary

Sale

20,000

34.4327 GBP

1p ordinary

Sale

28,663

32.7861 GBP

1p ordinary

Sale

35,149

33.9527 GBP

1p ordinary

Sale

38,076

34.0129 GBP

1p ordinary

Sale

40,000

34.3228 GBP

1p ordinary

Sale

54,955

31.7400 GBP

1p ordinary

Sale

68,022

32.8073 GBP

1p ordinary

Sale

69,481

32.8944 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

31.7400 GBP

1p ordinary

CFD

Long

147

31.7347 GBP

1p ordinary

SWAP

Long

200

32.9918 GBP

1p ordinary

CFD

Long

243

31.7147 GBP

1p ordinary

SWAP

Long

740

32.9817 GBP

1p ordinary

SWAP

Long

1,053

34.9971 GBP

1p ordinary

SWAP

Long

1,278

33.0195 GBP

1p ordinary

SWAP

Long

1,644

31.7350 GBP

1p ordinary

CFD

Long

2,087

31.5521 GBP

1p ordinary

SWAP

Long

2,580

34.0225 GBP

1p ordinary

SWAP

Long

3,100

32.7599 GBP

1p ordinary

CFD

Long

4,653

32.4496 GBP

1p ordinary

SWAP

Long

4,978

34.8065 GBP

1p ordinary

SWAP

Long

9,703

33.9578 GBP

1p ordinary

SWAP

Long

10,125

34.0257 GBP

1p ordinary

SWAP

Long

11,021

34.5296 GBP

1p ordinary

SWAP

Long

20,000

34.4327 GBP

1p ordinary

SWAP

Long

22,162

34.5073 GBP

1p ordinary

SWAP

Long

24,385

33.0421 GBP

1p ordinary

SWAP

Long

25,000

33.3973 GBP

1p ordinary

SWAP

Long

28,663

32.7861 GBP

1p ordinary

SWAP

Long

38,076

34.0129 GBP

1p ordinary

SWAP

Long

40,000

34.3228 GBP

1p ordinary

SWAP

Long

53,179

31.7400 GBP

1p ordinary

CFD

Long

69,481

32.8944 GBP

1p ordinary

SWAP

Short

69

32.8110 GBP

1p ordinary

CFD

Short

162

32.0053 GBP

1p ordinary

SWAP

Short

186

32.7033 GBP

1p ordinary

SWAP

Short

250

33.1083 GBP

1p ordinary

SWAP

Short

450

32.4200 GBP

1p ordinary

CFD

Short

540

34.7831 GBP

1p ordinary

SWAP

Short

708

32.8544 GBP

1p ordinary

SWAP

Short

888

32.4208 GBP

1p ordinary

SWAP

Short

1,390

32.5530 GBP

1p ordinary

SWAP

Short

2,000

31.7479 GBP

1p ordinary

CFD

Short

2,637

33.5541 GBP

1p ordinary

SWAP

Short

3,315

32.5725 GBP

1p ordinary

SWAP

Short

4,000

31.4538 GBP

1p ordinary

SWAP

Short

5,084

32.2695 GBP

1p ordinary

SWAP

Short

6,000

33.2524 GBP

1p ordinary

SWAP

Short

6,000

34.0133 GBP

1p ordinary

SWAP

Short

9,064

32.5431 GBP

1p ordinary

CFD

Short

10,689

32.4289 GBP

1p ordinary

SWAP

Short

15,000

31.6263 GBP

1p ordinary

SWAP

Short

15,663

32.2249 GBP

1p ordinary

SWAP

Short

19,692

34.0012 GBP

1p ordinary

SWAP

Short

27,271

32.3343 GBP

1p ordinary

SWAP

Short

29,111

32.4355 GBP

1p ordinary

SWAP

Short

30,000

33.0018 GBP

1p ordinary

SWAP

Short

35,000

33.0165 GBP

1p ordinary

CFD

Short

53,895

31.7400 GBP

1p ordinary

SWAP

Short

56,872

32.2828 GBP

1p ordinary

SWAP

Short

75,000

32.3561 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:

23 May 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213