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:

23 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:

764,336

0.67%

630,100

0.55%

(2)

Cash-settled derivatives:

and/or controlled:

613,042

0.54%

735,691

0.65%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,377,378

1.21%

1,365,791

1.20%

(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

32

31.5200 GBP

1p ordinary

Purchase

48

31.9600 GBP

1p ordinary

Purchase

54

32.1000 GBP

1p ordinary

Purchase

211

31.7503 GBP

1p ordinary

Purchase

239

31.5438 GBP

1p ordinary

Purchase

334

32.0400 GBP

1p ordinary

Purchase

350

31.5298 GBP

1p ordinary

Purchase

361

32.0600 GBP

1p ordinary

Purchase

396

31.6426 GBP

1p ordinary

Purchase

626

32.0311 GBP

1p ordinary

Purchase

791

31.7952 GBP

1p ordinary

Purchase

819

32.0607 GBP

1p ordinary

Purchase

1,000

31.9990 GBP

1p ordinary

Purchase

1,035

32.0000 GBP

1p ordinary

Purchase

1,549

31.7048 GBP

1p ordinary

Purchase

1,590

31.6651 GBP

1p ordinary

Purchase

2,418

31.6968 GBP

1p ordinary

Purchase

2,827

31.5303 GBP

1p ordinary

Purchase

3,662

32.0210 GBP

1p ordinary

Purchase

3,937

31.7298 GBP

1p ordinary

Purchase

12,129

31.8036 GBP

1p ordinary

Purchase

12,868

31.7000 GBP

1p ordinary

Purchase

24,264

31.6984 GBP

1p ordinary

Sale

14

31.9200 GBP

1p ordinary

Sale

51

31.9203 GBP

1p ordinary

Sale

135

31.9300 GBP

1p ordinary

Sale

244

31.9310 GBP

1p ordinary

Sale

251

32.0377 GBP

1p ordinary

Sale

253

31.9831 GBP

1p ordinary

Sale

337

31.5400 GBP

1p ordinary

Sale

396

31.6426 GBP

1p ordinary

Sale

454

31.9649 GBP

1p ordinary

Sale

570

31.9400 GBP

1p ordinary

Sale

591

31.5147 GBP

1p ordinary

Sale

882

31.8312 GBP

1p ordinary

Sale

1,000

32.0000 GBP

1p ordinary

Sale

1,132

31.8760 GBP

1p ordinary

Sale

1,178

31.9204 GBP

1p ordinary

Sale

3,448

31.5311 GBP

1p ordinary

Sale

3,682

31.8222 GBP

1p ordinary

Sale

6,583

31.8581 GBP

1p ordinary

Sale

7,002

31.7000 GBP

1p ordinary

Sale

26,752

31.7005 GBP

1p ordinary

Sale

35,705

31.8042 GBP

1p ordinary

Sale

40,609

31.8576 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

Long

251

32.0377 GBP

1p ordinary

SWAP

Long

454

31.9649 GBP

1p ordinary

SWAP

Long

514

31.9239 GBP

1p ordinary

CFD

Long

591

31.5148 GBP

1p ordinary

SWAP

Long

1,178

31.9204 GBP

1p ordinary

SWAP

Long

1,329

31.5783 GBP

1p ordinary

CFD

Long

1,560

31.8651 GBP

1p ordinary

CFD

Long

1,796

31.8772 GBP

1p ordinary

CFD

Long

3,448

31.5311 GBP

1p ordinary

CFD

Long

3,587

31.7000 GBP

1p ordinary

CFD

Long

3,641

31.7412 GBP

1p ordinary

SWAP

Long

6,583

31.8581 GBP

1p ordinary

SWAP

Long

30,787

31.8505 GBP

1p ordinary

SWAP

Long

40,609

31.8576 GBP

1p ordinary

SWAP

Short

171

31.8633 GBP

1p ordinary

SWAP

Short

211

31.7503 GBP

1p ordinary

CFD

Short

396

31.6426 GBP

1p ordinary

SWAP

Short

499

31.8618 GBP

1p ordinary

SWAP

Short

626

32.0311 GBP

1p ordinary

SWAP

Short

819

32.0607 GBP

1p ordinary

SWAP

Short

1,233

31.9301 GBP

1p ordinary

SWAP

Short

1,590

31.6651 GBP

1p ordinary

SWAP

Short

1,793

31.6070 GBP

1p ordinary

SWAP

Short

2,200

31.9495 GBP

1p ordinary

SWAP

Short

2,529

31.6253 GBP

1p ordinary

SWAP

Short

2,700

31.9296 GBP

1p ordinary

SWAP

Short

3,662

32.0210 GBP

1p ordinary

SWAP

Short

5,543

31.8528 GBP

1p ordinary

CFD

Short

12,965

31.7000 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:

24 May 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213