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:

31 Aug 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:

5,768,069

5.06%

2,144,539

1.88%

(2) Cash-settled derivatives:

2,125,043

1.87%

5,679,733

4.99%

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

0

0.00%

0

0.00%

TOTAL: 

7,893,112

6.93%

7,824,272

6.87%

(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

2,539

38.0807 GBP

1p ordinary

Sale

39,171

38.0600 GBP

1p ordinary

Purchase

3,133

38.0672 GBP

1p ordinary

Sale

485

38.1000 GBP

1p ordinary

Purchase

252

38.0438 GBP

1p ordinary

Sale

1,076

38.0811 GBP

1p ordinary

Purchase

3,307

38.0897 GBP

1p ordinary

Sale

89

38.0400 GBP

1p ordinary

Purchase

3,651

38.0650 GBP

1p ordinary

Purchase

7,152

38.0793 GBP

1p ordinary

Sale

7,000

38.0587 GBP

1p ordinary

Purchase

1,652

38.0800 GBP

1p ordinary

Purchase

21,526

38.0598 GBP

1p ordinary

Purchase

21,355

38.0664 GBP

1p ordinary

Sale

564

38.0700 GBP

1p ordinary

Purchase

17

38.1000 GBP

1p ordinary

Purchase

1,640

38.0765 GBP

1p ordinary

Sale

1,449

38.0800 GBP

1p ordinary

Purchase

338

38.0582 GBP

1p ordinary

Purchase

10,231

38.0600 GBP

1p ordinary

Purchase

2,000

38.0828 GBP

1p ordinary

Purchase

2,138

38.0615 GBP

1p ordinary

Purchase

648

38.0883 GBP

1p ordinary

Purchase

5,540

38.0619 GBP

1p ordinary

Sale

42

38.0695 GBP

1p ordinary

Sale

7

38.0592 GBP

1p ordinary

Sale

12

38.1200 GBP

1p ordinary

Sale

5,040

38.0561 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

7

38.0592 GBP

1p ordinary

SWAP

Long

5,187

38.0561 GBP

1p ordinary

SWAP

Long

5,460

38.0634 GBP

1p ordinary

SWAP

Long

5,468

38.0601 GBP

1p ordinary

SWAP

Long

7,000

38.0587 GBP

1p ordinary

SWAP

Long

12,220

38.0600 GBP

1p ordinary

SWAP

Short

203

38.0800 GBP

1p ordinary

SWAP

Short

338

38.0582 GBP

1p ordinary

SWAP

Short

1,188

38.0548 GBP

1p ordinary

SWAP

Short

1,578

38.0666 GBP

1p ordinary

SWAP

Short

2,000

38.0828 GBP

1p ordinary

SWAP

Short

7,687

38.0600 GBP

1p ordinary

SWAP

Short

8,643

38.0809 GBP

1p ordinary

SWAP

Short

9,861

38.0768 GBP

1p ordinary

SWAP

Short

15,849

38.0650 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:

01 Sep 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213