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:

20 Jul 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:

2,865,581

2.52%

1,434,941

1.26%

(2) Cash-settled derivatives:

1,356,735

1.19%

2,744,403

2.41%

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

0

0.00%

0

0.00%

TOTAL: 

4,222,316

3.71%

4,179,344

3.67%

(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

Sale

250

37.2000 GBP

1p ordinary

Sale

183

37.3137 GBP

1p ordinary

Purchase

222

37.1305 GBP

1p ordinary

Purchase

365

37.2013 GBP

1p ordinary

Sale

682

37.1895 GBP

1p ordinary

Purchase

1

37.2962 GBP

1p ordinary

Purchase

20,890

37.2273 GBP

1p ordinary

Purchase

3,243

37.1854 GBP

1p ordinary

Sale

1

37.2200 GBP

1p ordinary

Purchase

682

37.1858 GBP

1p ordinary

Sale

459

37.1650 GBP

1p ordinary

Sale

989

37.1568 GBP

1p ordinary

Purchase

4,000

37.2700 GBP

1p ordinary

Purchase

33,963

37.2706 GBP

1p ordinary

Sale

47,432

37.3000 GBP

1p ordinary

Purchase

7,776

37.3000 GBP

1p ordinary

Purchase

1,278

37.2264 GBP

1p ordinary

Purchase

4,242

37.1929 GBP

1p ordinary

Sale

7,840

37.2028 GBP

1p ordinary

Purchase

1,467

37.1781 GBP

1p ordinary

Sale

18,860

37.1814 GBP

1p ordinary

Sale

502

37.1800 GBP

1p ordinary

Purchase

572

37.2000 GBP

1p ordinary

Purchase

183

37.3100 GBP

1p ordinary

Purchase

501

37.1800 GBP

1p ordinary

Purchase

1,837

37.2423 GBP

1p ordinary

Purchase

238

37.1396 GBP

1p ordinary

Sale

4,820

37.2972 GBP

1p ordinary

Sale

32,140

37.1829 GBP

1p ordinary

Purchase

1,000

37.2949 GBP

1p ordinary

Sale

1,467

37.1818 GBP

1p ordinary

Purchase

361

37.1500 GBP

1p ordinary

Sale

1,132

37.1824 GBP

1p ordinary

Purchase

259

37.1718 GBP

1p ordinary

Purchase

5,972

37.2981 GBP

1p ordinary

Sale

3,043

37.2164 GBP

1p ordinary

Sale

361

37.1500 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

365

37.3000 GBP

1p ordinary

SWAP

Long

4,820

37.2972 GBP

1p ordinary

SWAP

Long

10,055

37.1908 GBP

1p ordinary

SWAP

Long

18,860

37.1814 GBP

1p ordinary

SWAP

Long

32,140

37.1828 GBP

1p ordinary

CFD

Long

36,139

37.3000 GBP

1p ordinary

SWAP

Short

11

37.2802 GBP

1p ordinary

CFD

Short

63

37.2422 GBP

1p ordinary

SWAP

Short

137

37.2000 GBP

1p ordinary

SWAP

Short

270

37.1809 GBP

1p ordinary

SWAP

Short

1,000

37.2949 GBP

1p ordinary

CFD

Short

1,278

37.2264 GBP

1p ordinary

SWAP

Short

4,000

37.2700 GBP

1p ordinary

SWAP

Short

4,936

37.1864 GBP

1p ordinary

CFD

Short

5,166

37.3000 GBP

1p ordinary

SWAP

Short

7,336

37.1918 GBP

1p ordinary

SWAP

Short

10,481

37.2154 GBP

1p ordinary

SWAP

Short

33,963

37.2706 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:

21 Jul 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213