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:

13 Dec 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:

7,534,729

6.62%

993,726

0.87%

(2)

Cash-settled derivatives:

and/or controlled:

971,564

0.85%

7,459,548

6.55%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

8,506,293

7.47%

8,453,274

7.42%

(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

24,574

38.4237 GBP

1p ordinary

Purchase

7,046

38.4380 GBP

1p ordinary

Purchase

4,744

38.4130 GBP

1p ordinary

Purchase

4,709

38.4400 GBP

1p ordinary

Purchase

4,100

38.4391 GBP

1p ordinary

Purchase

2,664

38.3994 GBP

1p ordinary

Purchase

1,648

38.4083 GBP

1p ordinary

Purchase

1,379

38.3993 GBP

1p ordinary

Purchase

1,080

38.4271 GBP

1p ordinary

Purchase

608

38.4027 GBP

1p ordinary

Purchase

606

38.3932 GBP

1p ordinary

Purchase

593

38.4079 GBP

1p ordinary

Purchase

591

38.4000 GBP

1p ordinary

Purchase

482

38.4300 GBP

1p ordinary

Purchase

445

38.4200 GBP

1p ordinary

Purchase

443

38.3913 GBP

1p ordinary

Purchase

248

38.3800 GBP

1p ordinary

Purchase

231

38.4302 GBP

1p ordinary

Purchase

222

38.3989 GBP

1p ordinary

Purchase

84

38.4100 GBP

1p ordinary

Purchase

61

38.3600 GBP

1p ordinary

Purchase

15

38.4066 GBP

1p ordinary

Sale

21,021

38.3783 GBP

1p ordinary

Sale

18,829

38.3400 GBP

1p ordinary

Sale

11,420

38.4398 GBP

1p ordinary

Sale

5,001

38.3969 GBP

1p ordinary

Sale

3,951

38.3654 GBP

1p ordinary

Sale

3,551

38.4400 GBP

1p ordinary

Sale

2,081

38.4008 GBP

1p ordinary

Sale

943

38.3736 GBP

1p ordinary

Sale

879

38.4017 GBP

1p ordinary

Sale

525

38.4200 GBP

1p ordinary

Sale

459

38.4036 GBP

1p ordinary

Sale

371

38.4040 GBP

1p ordinary

Sale

348

38.3800 GBP

1p ordinary

Sale

253

38.3936 GBP

1p ordinary

Sale

120

38.3990 GBP

1p ordinary

Sale

108

38.3888 GBP

1p ordinary

Sale

84

38.4100 GBP

1p ordinary

Sale

83

38.4300 GBP

1p ordinary

Sale

67

38.3889 GBP

1p ordinary

Sale

66

38.4000 GBP

1p ordinary

Sale

63

38.4069 GBP

1p ordinary

Sale

62

38.3900 GBP

1p ordinary

Sale

61

38.3600 GBP

1p ordinary

Sale

39

38.3611 GBP

1p ordinary

Sale

22

38.4363 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

Decreasing Long

2,153

38.4400 GBP

1p ordinary

SWAP

Decreasing Long

5,273

38.4221 GBP

1p ordinary

SWAP

Decreasing Short

22

38.4361 GBP

1p ordinary

SWAP

Decreasing Short

168

38.4351 GBP

1p ordinary

CFD

Decreasing Short

253

38.3936 GBP

1p ordinary

SWAP

Decreasing Short

271

38.4200 GBP

1p ordinary

CFD

Decreasing Short

943

38.3736 GBP

1p ordinary

CFD

Decreasing Short

1,207

38.4148 GBP

1p ordinary

SWAP

Decreasing Short

1,571

38.4049 GBP

1p ordinary

CFD

Decreasing Short

1,860

38.4400 GBP

1p ordinary

CFD

Decreasing Short

5,283

38.3861 GBP

1p ordinary

SWAP

Decreasing Short

18,829

38.3400 GBP

1p ordinary

SWAP

Increasing Short

15

38.4065 GBP

1p ordinary

CFD

Increasing Short

152

38.3800 GBP

1p ordinary

SWAP

Increasing Short

301

38.4200 GBP

1p ordinary

SWAP

Increasing Short

2,787

38.4400 GBP

1p ordinary

SWAP

Increasing Short

7,832

38.4122 GBP

1p ordinary

SWAP

Increasing Short

9,068

38.4267 GBP

1p ordinary

SWAP

Increasing Short

12,771

38.4069 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:

14 Dec 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213