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:

22 Nov 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:

7,331,506

6.44%

760,796

0.67%

(2)

Cash-settled derivatives:

and/or controlled:

743,981

0.65%

7,268,631

6.38%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

8,075,487

7.09%

8,029,427

7.05%

(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

656,857

38.2600 GBP

1p ordinary

Purchase

27,442

38.2150 GBP

1p ordinary

Purchase

7,020

38.2037 GBP

1p ordinary

Purchase

5,448

38.2200 GBP

1p ordinary

Purchase

5,238

38.1600 GBP

1p ordinary

Purchase

3,142

38.2039 GBP

1p ordinary

Purchase

1,496

38.2000 GBP

1p ordinary

Purchase

790

38.2050 GBP

1p ordinary

Purchase

594

38.2201 GBP

1p ordinary

Purchase

384

38.1800 GBP

1p ordinary

Purchase

261

38.2104 GBP

1p ordinary

Purchase

176

38.1700 GBP

1p ordinary

Purchase

134

38.2100 GBP

1p ordinary

Purchase

116

38.1900 GBP

1p ordinary

Sale

184,840

38.1809 GBP

1p ordinary

Sale

6,643

38.2200 GBP

1p ordinary

Sale

5,684

38.1600 GBP

1p ordinary

Sale

4,933

38.1945 GBP

1p ordinary

Sale

2,302

38.1834 GBP

1p ordinary

Sale

1,091

38.1747 GBP

1p ordinary

Sale

450

38.1844 GBP

1p ordinary

Sale

424

38.2000 GBP

1p ordinary

Sale

250

38.1638 GBP

1p ordinary

Sale

176

38.1700 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

424

38.2000 GBP

1p ordinary

SWAP

Long

450

38.1844 GBP

1p ordinary

SWAP

Long

1,929

38.2118 GBP

1p ordinary

SWAP

Long

2,302

38.1834 GBP

1p ordinary

SWAP

Long

5,042

38.1771 GBP

1p ordinary

SWAP

Long

184,840

38.1809 GBP

1p ordinary

SWAP

Short

250

38.2134 GBP

1p ordinary

SWAP

Short

251

38.1600 GBP

1p ordinary

SWAP

Short

820

38.1830 GBP

1p ordinary

CFD

Short

1,091

38.2079 GBP

1p ordinary

SWAP

Short

5,292

38.2200 GBP

1p ordinary

SWAP

Short

7,020

38.2037 GBP

1p ordinary

SWAP

Short

8,738

38.2056 GBP

1p ordinary

SWAP

Short

17,376

38.2167 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:

23 Nov 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213