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 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:

7,139,016

6.27%

1,876,440

1.65%

(2)

Cash-settled derivatives:

and/or controlled:

1,205,829

1.06%

7,039,476

6.18%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

8,344,845

7.33%

8,915,916

7.83%

(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

39,302

37.9749 GBP

1p ordinary

Purchase

14,774

37.9788 GBP

1p ordinary

Purchase

7,411

37.9688 GBP

1p ordinary

Purchase

5,470

37.9844 GBP

1p ordinary

Purchase

5,092

37.9800 GBP

1p ordinary

Purchase

3,915

37.9731 GBP

1p ordinary

Purchase

2,978

37.9837 GBP

1p ordinary

Purchase

2,967

37.9648 GBP

1p ordinary

Purchase

1,876

37.9913 GBP

1p ordinary

Purchase

1,748

37.9938 GBP

1p ordinary

Purchase

1,617

37.9735 GBP

1p ordinary

Purchase

1,230

37.9713 GBP

1p ordinary

Purchase

1,179

37.9865 GBP

1p ordinary

Purchase

1,075

37.9600 GBP

1p ordinary

Purchase

1,000

38.0001 GBP

1p ordinary

Purchase

968

38.0000 GBP

1p ordinary

Purchase

951

37.9929 GBP

1p ordinary

Purchase

673

37.9810 GBP

1p ordinary

Purchase

605

37.9826 GBP

1p ordinary

Purchase

228

37.9700 GBP

1p ordinary

Purchase

145

38.0600 GBP

1p ordinary

Purchase

16

37.8625 GBP

1p ordinary

Sale

5,320

37.9813 GBP

1p ordinary

Sale

3,506

37.9519 GBP

1p ordinary

Sale

2,395

37.9650 GBP

1p ordinary

Sale

639

37.9600 GBP

1p ordinary

Sale

624

38.0000 GBP

1p ordinary

Sale

341

37.8400 GBP

1p ordinary

Sale

120

37.9800 GBP

1p ordinary

Sale

35

37.8200 GBP

1p ordinary

Sale

10

37.9620 GBP

1p ordinary

Sale

4

37.9950 GBP

1p ordinary

Sale

4

37.9700 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

25

37.9696 GBP

1p ordinary

SWAP

Long

738

37.9968 GBP

1p ordinary

SWAP

Long

2,395

37.9650 GBP

1p ordinary

SWAP

Long

3,882

37.9409 GBP

1p ordinary

SWAP

Short

16

37.8625 GBP

1p ordinary

SWAP

Short

605

37.9826 GBP

1p ordinary

SWAP

Short

673

37.9810 GBP

1p ordinary

CFD

Short

740

37.9851 GBP

1p ordinary

CFD

Short

900

37.9600 GBP

1p ordinary

SWAP

Short

2,978

37.9837 GBP

1p ordinary

SWAP

Short

4,468

37.9724 GBP

1p ordinary

SWAP

Short

5,301

37.9808 GBP

1p ordinary

SWAP

Short

7,115

37.9754 GBP

1p ordinary

SWAP

Short

13,413

37.9840 GBP

1p ordinary

SWAP

Short

14,774

37.9788 GBP

1p ordinary

SWAP

Short

15,405

37.9824 GBP

1p ordinary

SWAP

Short

22,869

37.9710 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 Oct 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213