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 relevant securities this form relates:

DECHRA PHARMACEUTICALS PLC

(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:

14 Sep 2023

(f)

In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?

NO

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:

6,916,546

6.07%

1,278,551

1.12%

(2) Cash-settled derivatives:

1,257,559

1.10%

6,845,737

6.01%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

TOTAL: 

8,174,105

7.18%

8,124,288

7.13%

(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 PERSON MAKING THE DISCLOSURE

(a)

Purchase and sales

Class of relevant security

Purchase/sale

Number of securities

Price per unit

1p ordinary

Purchase

78,283

38.2000 GBP

1p ordinary

Purchase

13,148

38.1618 GBP

1p ordinary

Purchase

5,372

38.1372 GBP

1p ordinary

Purchase

3,689

38.1200 GBP

1p ordinary

Purchase

2,182

38.1000 GBP

1p ordinary

Purchase

2,000

38.1338 GBP

1p ordinary

Purchase

1,929

38.1257 GBP

1p ordinary

Purchase

1,852

38.0880 GBP

1p ordinary

Purchase

1,168

38.1100 GBP

1p ordinary

Purchase

881

38.1160 GBP

1p ordinary

Purchase

568

38.1161 GBP

1p ordinary

Purchase

125

38.1520 GBP

1p ordinary

Purchase

6

38.1166 GBP

1p ordinary

Sale

12,272

38.1756 GBP

1p ordinary

Sale

10,000

38.0809 GBP

1p ordinary

Sale

6,483

38.1932 GBP

1p ordinary

Sale

3,455

38.1547 GBP

1p ordinary

Sale

2,000

38.0973 GBP

1p ordinary

Sale

1,358

38.1878 GBP

1p ordinary

Sale

839

38.1992 GBP

1p ordinary

Sale

752

38.1100 GBP

1p ordinary

Sale

732

38.1200 GBP

1p ordinary

Sale

202

38.1000 GBP

1p ordinary

Sale

45

38.1400 GBP

1p ordinary

Sale

38

38.2000 GBP

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

1p ordinary

SWAP

Long

313

38.1361 GBP

1p ordinary

SWAP

Long

839

38.1992 GBP

1p ordinary

SWAP

Long

1,008

38.1000 GBP

1p ordinary

SWAP

Long

1,605

38.1754 GBP

1p ordinary

SWAP

Long

2,000

38.0973 GBP

1p ordinary

SWAP

Long

2,447

38.1772 GBP

1p ordinary

SWAP

Long

6,170

38.1961 GBP

1p ordinary

SWAP

Long

10,000

38.0809 GBP

1p ordinary

SWAP

Short

291

38.1200 GBP

1p ordinary

SWAP

Short

483

38.1230 GBP

1p ordinary

SWAP

Short

881

38.1160 GBP

1p ordinary

SWAP

Short

1,852

38.0880 GBP

1p ordinary

SWAP

Short

2,000

38.1338 GBP

1p ordinary

SWAP

Short

6,563

38.1748 GBP

1p ordinary

SWAP

Short

8,741

38.1407 GBP

1p ordinary

SWAP

Short

11,663

38.1608 GBP

1p ordinary

SWAP

Short

64,935

38.2000 GBP

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class of relevant security

Product description

Writing, purchasing, selling, varying etc

Number of securities to which option relates

Exercise price per unit

Type

Expiry date

Option money paid/ received per unit

(ii)

Exercising

Class of relevant security

Product description

Exercising/ exercised against

Number of securities

Exercise price per unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant security

Nature of Dealings

Details

Price per unit (if 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 person 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:

15 Sep 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213