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:

30 May 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:

981,737

0.86%

874,952

0.77%

(2)

Cash-settled derivatives:

and/or controlled:

843,450

0.74%

952,560

0.84%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,825,187

1.60%

1,827,512

1.60%

(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

Sale

434

33.8088 GBP

1p ordinary

Purchase

104

33.9223 GBP

1p ordinary

Sale

500

33.1492 GBP

1p ordinary

Purchase

214

33.9000 GBP

1p ordinary

Purchase

576

33.7249 GBP

1p ordinary

Sale

49

32.9400 GBP

1p ordinary

Sale

875

33.7000 GBP

1p ordinary

Purchase

20,618

33.5149 GBP

1p ordinary

Sale

96

33.1200 GBP

1p ordinary

Purchase

2,134

33.5630 GBP

1p ordinary

Purchase

150

33.6700 GBP

1p ordinary

Purchase

321

33.9200 GBP

1p ordinary

Purchase

578

33.7321 GBP

1p ordinary

Sale

4,404

33.2703 GBP

1p ordinary

Sale

170

33.0000 GBP

1p ordinary

Purchase

2,084

33.3095 GBP

1p ordinary

Sale

311

32.6800 GBP

1p ordinary

Sale

657

33.9610 GBP

1p ordinary

Sale

27,200

33.5051 GBP

1p ordinary

Purchase

11,907

33.5661 GBP

1p ordinary

Sale

803

33.2400 GBP

1p ordinary

Purchase

2,574

32.5607 GBP

1p ordinary

Sale

138

33.0747 GBP

1p ordinary

Purchase

1,191

33.9197 GBP

1p ordinary

Sale

3,816

33.4876 GBP

1p ordinary

Sale

5,748

33.5767 GBP

1p ordinary

Sale

310

32.5600 GBP

1p ordinary

Purchase

195

33.7870 GBP

1p ordinary

Purchase

1,027

32.6830 GBP

1p ordinary

Purchase

1,418

33.8750 GBP

1p ordinary

Purchase

401

31.8600 GBP

1p ordinary

Purchase

9,601

33.7039 GBP

1p ordinary

Purchase

311

32.6800 GBP

1p ordinary

Sale

777

33.5748 GBP

1p ordinary

Sale

1,244

33.4519 GBP

1p ordinary

Purchase

106

33.7400 GBP

1p ordinary

Sale

1,000

33.6967 GBP

1p ordinary

Purchase

952

33.8137 GBP

1p ordinary

Sale

3,278

33.8076 GBP

1p ordinary

Purchase

581

33.7028 GBP

1p ordinary

Purchase

310

32.5600 GBP

1p ordinary

Sale

35

33.5600 GBP

1p ordinary

Sale

94

33.6600 GBP

1p ordinary

Purchase

1,771

33.0000 GBP

1p ordinary

Sale

17,084

33.5200 GBP

1p ordinary

Sale

91

33.0200 GBP

1p ordinary

Purchase

919

33.8419 GBP

1p ordinary

Purchase

1,725

33.7205 GBP

1p ordinary

Purchase

709

33.3356 GBP

1p ordinary

Purchase

520

32.7150 GBP

1p ordinary

Purchase

3,190

33.9275 GBP

1p ordinary

Sale

717

32.6902 GBP

1p ordinary

Sale

4,000

33.5325 GBP

1p ordinary

Sale

102,416

33.5339 GBP

1p ordinary

Sale

47

32.8000 GBP

1p ordinary

Sale

91

33.7200 GBP

1p ordinary

Purchase

2,534

33.8138 GBP

1p ordinary

Sale

121

33.2500 GBP

1p ordinary

Purchase

184

33.8400 GBP

1p ordinary

Sale

652

33.6066 GBP

1p ordinary

Sale

275

33.7532 GBP

1p ordinary

Sale

37

32.4200 GBP

1p ordinary

Sale

214

33.9000 GBP

1p ordinary

Sale

401

31.8600 GBP

1p ordinary

Purchase

637

32.6301 GBP

1p ordinary

Purchase

1,329

33.6528 GBP

1p ordinary

Sale

882

33.6170 GBP

1p ordinary

Purchase

2,847

33.7716 GBP

1p ordinary

Sale

96

32.7000 GBP

1p ordinary

Sale

5,451

33.5351 GBP

1p ordinary

Sale

23,957

32.7325 GBP

1p ordinary

Sale

1,272

33.4305 GBP

1p ordinary

Sale

2,099

33.9083 GBP

1p ordinary

Sale

786

33.7355 GBP

1p ordinary

Sale

3,282

33.4569 GBP

1p ordinary

Sale

184

33.8400 GBP

1p ordinary

Purchase

5,105

33.7661 GBP

1p ordinary

Purchase

814

33.5200 GBP

1p ordinary

Purchase

3,787

33.5612 GBP

1p ordinary

Purchase

588

33.7000 GBP

1p ordinary

Sale

10,000

32.7572 GBP

1p ordinary

Purchase

13,959

33.3574 GBP

1p ordinary

Sale

78

33.5700 GBP

1p ordinary

Purchase

245

32.7146 GBP

1p ordinary

Purchase

399

32.4717 GBP

1p ordinary

Purchase

130

33.7703 GBP

1p ordinary

Sale

835

32.7042 GBP

1p ordinary

Sale

171

33.0087 GBP

1p ordinary

Purchase

590

32.7000 GBP

1p ordinary

Purchase

494

33.9499 GBP

1p ordinary

Purchase

2,326

33.3214 GBP

1p ordinary

Purchase

4,881

33.6447 GBP

1p ordinary

Purchase

15,000

32.5162 GBP

1p ordinary

Sale

277

33.8716 GBP

1p ordinary

Sale

312

34.0900 GBP

1p ordinary

Sale

1,105

33.1004 GBP

1p ordinary

Sale

666

33.7600 GBP

1p ordinary

Purchase

3,724

33.2286 GBP

1p ordinary

Purchase

4,675

33.6471 GBP

1p ordinary

Purchase

91

33.7200 GBP

1p ordinary

Purchase

5,000

33.9871 GBP

1p ordinary

Purchase

200

32.2600 GBP

1p ordinary

Purchase

5,000

33.2345 GBP

1p ordinary

Sale

209

32.7100 GBP

1p ordinary

Purchase

1,597

33.6401 GBP

1p ordinary

Sale

613

34.0200 GBP

1p ordinary

Sale

1,000

33.6326 GBP

1p ordinary

Purchase

7,011

33.6300 GBP

1p ordinary

Sale

1,362

33.4182 GBP

1p ordinary

Purchase

20,649

33.5114 GBP

1p ordinary

Sale

20,700

33.8127 GBP

1p ordinary

Purchase

179

33.9400 GBP

1p ordinary

Sale

179

33.9400 GBP

1p ordinary

Sale

403

32.9605 GBP

1p ordinary

Sale

535

33.2108 GBP

1p ordinary

Sale

1,091

33.7472 GBP

1p ordinary

Purchase

1,962

33.7784 GBP

1p ordinary

Sale

3,426

32.6943 GBP

1p ordinary

Sale

40,000

33.6839 GBP

1p ordinary

Sale

157

33.6950 GBP

1p ordinary

Purchase

1,088

33.5354 GBP

1p ordinary

Sale

370

33.4825 GBP

1p ordinary

Sale

479

33.5321 GBP

1p ordinary

Sale

22,836

33.5106 GBP

1p ordinary

Purchase

96

33.1200 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

88

32.7400 GBP

1p ordinary

SWAP

Long

105

33.7200 GBP

1p ordinary

SWAP

Long

202

33.8863 GBP

1p ordinary

SWAP

Long

218

33.7166 GBP

1p ordinary

SWAP

Long

238

33.9972 GBP

1p ordinary

SWAP

Long

370

33.4825 GBP

1p ordinary

CFD

Long

401

31.8600 GBP

1p ordinary

SWAP

Long

559

33.4410 GBP

1p ordinary

SWAP

Long

606

33.4300 GBP

1p ordinary

CFD

Long

835

32.7042 GBP

1p ordinary

SWAP

Long

882

33.6170 GBP

1p ordinary

SWAP

Long

1,000

33.6967 GBP

1p ordinary

SWAP

Long

1,000

33.6326 GBP

1p ordinary

CFD

Long

1,907

33.7500 GBP

1p ordinary

CFD

Long

2,065

32.6790 GBP

1p ordinary

SWAP

Long

4,100

34.0076 GBP

1p ordinary

SWAP

Long

5,748

33.5767 GBP

1p ordinary

CFD

Long

16,445

33.5200 GBP

1p ordinary

SWAP

Long

25,048

33.4741 GBP

1p ordinary

SWAP

Long

37,383

32.7356 GBP

1p ordinary

SWAP

Long

52,305

33.4951 GBP

1p ordinary

SWAP

Long

54,568

33.5921 GBP

1p ordinary

SWAP

Short

152

33.1396 GBP

1p ordinary

CFD

Short

195

32.8225 GBP

1p ordinary

SWAP

Short

399

32.4717 GBP

1p ordinary

SWAP

Short

470

33.3971 GBP

1p ordinary

SWAP

Short

534

33.1883 GBP

1p ordinary

SWAP

Short

590

33.1129 GBP

1p ordinary

SWAP

Short

614

33.3139 GBP

1p ordinary

CFD

Short

631

33.5200 GBP

1p ordinary

SWAP

Short

668

33.3538 GBP

1p ordinary

SWAP

Short

908

33.3637 GBP

1p ordinary

SWAP

Short

1,027

32.6830 GBP

1p ordinary

SWAP

Short

1,323

32.9804 GBP

1p ordinary

SWAP

Short

1,398

33.0815 GBP

1p ordinary

SWAP

Short

1,726

33.0379 GBP

1p ordinary

SWAP

Short

2,127

33.2818 GBP

1p ordinary

SWAP

Short

2,574

32.5607 GBP

1p ordinary

SWAP

Short

3,602

33.0644 GBP

1p ordinary

SWAP

Short

7,106

33.4522 GBP

1p ordinary

SWAP

Short

9,346

33.4535 GBP

1p ordinary

SWAP

Short

15,000

32.5162 GBP

1p ordinary

SWAP

Short

20,649

33.5114 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:

31 May 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213