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:

30 Oct 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:

7,511,421

6.60%

2,803,259

2.46%

(2)

Cash-settled derivatives:

and/or controlled:

1,311,213

1.15%

7,419,159

6.51%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

8,822,634

7.75%

10,222,418

8.98%

(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

23,515

37.8860 GBP

1p ordinary

Purchase

21,485

38.0000 GBP

1p ordinary

Purchase

6,502

37.8187 GBP

1p ordinary

Purchase

4,769

37.8893 GBP

1p ordinary

Purchase

2,816

37.9131 GBP

1p ordinary

Purchase

1,852

37.8817 GBP

1p ordinary

Purchase

918

37.8679 GBP

1p ordinary

Purchase

839

37.8950 GBP

1p ordinary

Purchase

693

37.9019 GBP

1p ordinary

Purchase

544

37.9061 GBP

1p ordinary

Purchase

515

37.8658 GBP

1p ordinary

Purchase

440

37.8904 GBP

1p ordinary

Purchase

385

37.8600 GBP

1p ordinary

Purchase

334

37.8737 GBP

1p ordinary

Purchase

260

37.9079 GBP

1p ordinary

Purchase

203

37.9000 GBP

1p ordinary

Purchase

119

37.8075 GBP

1p ordinary

Sale

8,504

37.9580 GBP

1p ordinary

Sale

5,800

37.9971 GBP

1p ordinary

Sale

4,678

38.0000 GBP

1p ordinary

Sale

1,441

37.8990 GBP

1p ordinary

Sale

1,369

37.8609 GBP

1p ordinary

Sale

506

37.8176 GBP

1p ordinary

Sale

385

37.8600 GBP

1p ordinary

Sale

296

37.8014 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

385

37.8600 GBP

1p ordinary

SWAP

Long

506

37.8176 GBP

1p ordinary

SWAP

Long

1,441

37.8990 GBP

1p ordinary

SWAP

Long

2,346

37.8634 GBP

1p ordinary

SWAP

Long

5,800

37.9971 GBP

1p ordinary

SWAP

Long

7,438

37.9688 GBP

1p ordinary

SWAP

Short

1

38.0038 GBP

1p ordinary

CFD

Short

119

37.8075 GBP

1p ordinary

SWAP

Short

693

37.9019 GBP

1p ordinary

SWAP

Short

1,422

37.9046 GBP

1p ordinary

CFD

Short

2,816

37.9131 GBP

1p ordinary

SWAP

Short

2,992

37.9932 GBP

1p ordinary

SWAP

Short

5,098

38.0000 GBP

1p ordinary

SWAP

Short

6,502

37.8187 GBP

1p ordinary

CFD

Short

7,467

37.8780 GBP

1p ordinary

SWAP

Short

8,202

37.8930 GBP

1p ordinary

CFD

Short

12,710

38.0000 GBP

1p ordinary

SWAP

Short

13,494

37.8883 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:

31 Oct 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213