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:

27 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:

7,501,530

6.59%

2,836,578

2.49%

(2)

Cash-settled derivatives:

and/or controlled:

1,332,437

1.17%

7,396,783

6.49%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

8,833,967

7.76%

10,233,361

8.99%

(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

25,196

37.7558 GBP

1p ordinary

Purchase

24,613

37.7022 GBP

1p ordinary

Purchase

3,498

37.5187 GBP

1p ordinary

Purchase

2,942

37.7688 GBP

1p ordinary

Purchase

1,469

37.7000 GBP

1p ordinary

Purchase

1,432

37.6800 GBP

1p ordinary

Purchase

910

37.8323 GBP

1p ordinary

Purchase

699

37.7763 GBP

1p ordinary

Purchase

655

37.7102 GBP

1p ordinary

Purchase

581

37.8000 GBP

1p ordinary

Purchase

517

37.6862 GBP

1p ordinary

Purchase

495

37.8043 GBP

1p ordinary

Purchase

442

37.6927 GBP

1p ordinary

Purchase

428

37.7786 GBP

1p ordinary

Purchase

227

37.8047 GBP

1p ordinary

Purchase

165

37.8062 GBP

1p ordinary

Purchase

78

37.6700 GBP

1p ordinary

Purchase

63

37.6885 GBP

1p ordinary

Purchase

15

37.7873 GBP

1p ordinary

Sale

818,955

37.7000 GBP

1p ordinary

Sale

23,800

37.6990 GBP

1p ordinary

Sale

14,894

37.8000 GBP

1p ordinary

Sale

9,434

37.7349 GBP

1p ordinary

Sale

2,200

37.6894 GBP

1p ordinary

Sale

1,246

37.6647 GBP

1p ordinary

Sale

1,162

37.7379 GBP

1p ordinary

Sale

992

37.7501 GBP

1p ordinary

Sale

381

37.6202 GBP

1p ordinary

Sale

159

37.6800 GBP

1p ordinary

Sale

108

37.7858 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

108

37.7858 GBP

1p ordinary

SWAP

Long

279

37.7000 GBP

1p ordinary

SWAP

Long

992

37.7501 GBP

1p ordinary

CFD

Long

1,162

37.7379 GBP

1p ordinary

SWAP

Long

1,383

37.7138 GBP

1p ordinary

SWAP

Long

3,101

37.6283 GBP

1p ordinary

SWAP

Long

5,574

37.7737 GBP

1p ordinary

CFD

Long

12,710

37.8000 GBP

1p ordinary

CFD

Short

15

37.7873 GBP

1p ordinary

CFD

Short

165

37.8062 GBP

1p ordinary

SWAP

Short

227

37.8047 GBP

1p ordinary

CFD

Short

362

37.7851 GBP

1p ordinary

SWAP

Short

461

37.7206 GBP

1p ordinary

CFD

Short

1,385

37.7850 GBP

1p ordinary

SWAP

Short

3,498

37.5187 GBP

1p ordinary

SWAP

Short

4,434

37.7917 GBP

1p ordinary

SWAP

Short

10,640

37.7418 GBP

1p ordinary

SWAP

Short

11,816

37.7551 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:

30 Oct 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213