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:

17 Aug 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:

4,630,823

4.07%

2,129,375

1.87%

(2)

Cash-settled derivatives:

and/or controlled:

2,112,838

1.86%

4,563,648

4.01%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

6,748,524

5.92%

6,693,023

5.88%

(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

1,091

38.0100 GBP

1p ordinary

Sale

53

38.0247 GBP

1p ordinary

Purchase

5,637

38.0276 GBP

1p ordinary

Purchase

28,061

38.0000 GBP

1p ordinary

Purchase

615

38.0026 GBP

1p ordinary

Sale

48,681

38.0053 GBP

1p ordinary

Sale

2,950

38.0200 GBP

1p ordinary

Purchase

6,522

38.0091 GBP

1p ordinary

Sale

907

38.0100 GBP

1p ordinary

Sale

11,532

37.9997 GBP

1p ordinary

Sale

4

38.0047 GBP

1p ordinary

Purchase

4,242

38.0145 GBP

1p ordinary

Sale

6,000

38.0171 GBP

1p ordinary

Purchase

1,745

38.0200 GBP

1p ordinary

Sale

797

38.0201 GBP

1p ordinary

Purchase

100,000

37.9989 GBP

1p ordinary

Sale

260

38.0000 GBP

1p ordinary

Purchase

16,773

38.0117 GBP

1p ordinary

Purchase

50,000

38.0190 GBP

1p ordinary

Sale

5,618

37.9918 GBP

1p ordinary

Sale

760

38.0103 GBP

1p ordinary

Purchase

150,000

38.0085 GBP

1p ordinary

Purchase

4,076

38.1000 GBP

1p ordinary

Sale

56,994

38.0071 GBP

1p ordinary

Purchase

545,570

38.0084 GBP

1p ordinary

Purchase

850

38.0165 GBP

1p ordinary

Purchase

5,647

38.0127 GBP

1p ordinary

Purchase

6,143

38.0028 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

10

38.0090 GBP

1p ordinary

SWAP

Long

269

38.0200 GBP

1p ordinary

SWAP

Long

6,000

38.0171 GBP

1p ordinary

SWAP

Long

12,009

38.0000 GBP

1p ordinary

SWAP

Long

17,500

38.0053 GBP

1p ordinary

SWAP

Long

27,137

38.0127 GBP

1p ordinary

SWAP

Long

34,989

38.0001 GBP

1p ordinary

SWAP

Short

36

37.9800 GBP

1p ordinary

SWAP

Short

295

38.0200 GBP

1p ordinary

SWAP

Short

561

38.0230 GBP

1p ordinary

SWAP

Short

615

38.0026 GBP

1p ordinary

SWAP

Short

4,242

38.0145 GBP

1p ordinary

CFD

Short

5,637

38.0276 GBP

1p ordinary

SWAP

Short

6,143

38.0028 GBP

1p ordinary

SWAP

Short

25,899

38.0257 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:

18 Aug 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213