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:

10 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:

7,372,442

6.47%

1,887,481

1.66%

(2)

Cash-settled derivatives:

and/or controlled:

1,216,811

1.07%

7,272,396

6.39%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

8,589,253

7.54%

9,159,877

8.04%

(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

22,109

37.9651 GBP

1p ordinary

Purchase

15,205

37.9827 GBP

1p ordinary

Purchase

10,000

37.9363 GBP

1p ordinary

Purchase

7,651

37.9961 GBP

1p ordinary

Purchase

3,741

37.8989 GBP

1p ordinary

Purchase

3,614

38.0203 GBP

1p ordinary

Purchase

2,595

38.0162 GBP

1p ordinary

Purchase

1,043

37.9000 GBP

1p ordinary

Purchase

955

37.9233 GBP

1p ordinary

Purchase

797

37.9582 GBP

1p ordinary

Purchase

681

37.9230 GBP

1p ordinary

Purchase

257

38.0400 GBP

1p ordinary

Purchase

106

37.9400 GBP

1p ordinary

Sale

18,046

37.9756 GBP

1p ordinary

Sale

18,000

37.9810 GBP

1p ordinary

Sale

9,732

37.9653 GBP

1p ordinary

Sale

4,275

37.9000 GBP

1p ordinary

Sale

2,652

37.9583 GBP

1p ordinary

Sale

1,606

37.9695 GBP

1p ordinary

Sale

662

37.9478 GBP

1p ordinary

Sale

77

38.0038 GBP

1p ordinary

Sale

25

37.9392 GBP

1p ordinary

Sale

12

37.8958 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

13

37.8962 GBP

1p ordinary

SWAP

Long

25

37.9392 GBP

1p ordinary

SWAP

Long

3,453

37.9167 GBP

1p ordinary

SWAP

Long

5,276

37.9708 GBP

1p ordinary

SWAP

Long

6,000

37.9824 GBP

1p ordinary

SWAP

Long

18,000

37.9810 GBP

1p ordinary

SWAP

Long

18,046

37.9756 GBP

1p ordinary

SWAP

Short

304

37.9207 GBP

1p ordinary

SWAP

Short

419

38.0230 GBP

1p ordinary

SWAP

Short

454

37.9099 GBP

1p ordinary

SWAP

Short

2,595

38.0162 GBP

1p ordinary

SWAP

Short

5,185

37.9795 GBP

1p ordinary

SWAP

Short

13,741

37.9261 GBP

1p ordinary

SWAP

Short

13,790

37.9833 GBP

1p ordinary

SWAP

Short

14,237

37.9727 GBP

1p ordinary

SWAP

Short

15,205

37.9827 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:

11 Oct 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213