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:

08 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:

7,569,260

6.65%

939,750

0.83%

(2)

Cash-settled derivatives:

and/or controlled:

934,752

0.82%

7,507,163

6.59%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

8,504,012

7.47%

8,446,913

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

33,132

38.3315 GBP

1p ordinary

Purchase

8,924

38.3460 GBP

1p ordinary

Purchase

8,883

38.3180 GBP

1p ordinary

Purchase

7,303

38.3520 GBP

1p ordinary

Purchase

3,611

38.3544 GBP

1p ordinary

Purchase

1,798

38.3400 GBP

1p ordinary

Purchase

1,428

38.3212 GBP

1p ordinary

Purchase

1,408

38.3200 GBP

1p ordinary

Purchase

1,244

38.3583 GBP

1p ordinary

Purchase

661

38.3600 GBP

1p ordinary

Purchase

521

38.3500 GBP

1p ordinary

Purchase

6

38.3433 GBP

1p ordinary

Sale

83,153

38.3200 GBP

1p ordinary

Sale

13,157

38.3189 GBP

1p ordinary

Sale

13,051

38.3305 GBP

1p ordinary

Sale

7,491

38.3349 GBP

1p ordinary

Sale

4,386

38.3175 GBP

1p ordinary

Sale

3,477

38.3400 GBP

1p ordinary

Sale

1,345

38.3161 GBP

1p ordinary

Sale

1,119

38.3277 GBP

1p ordinary

Sale

517

38.3336 GBP

1p ordinary

Sale

514

38.3600 GBP

1p ordinary

Sale

308

38.3000 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

Closing Long

116

38.3400 GBP

1p ordinary

SWAP

Closing Long

7,622

38.3234 GBP

1p ordinary

SWAP

Closing Long

13,157

38.3189 GBP

1p ordinary

SWAP

Decreasing Long

13

38.3200 GBP

1p ordinary

SWAP

Decreasing Long

9,722

38.3285 GBP

1p ordinary

CFD

Decreasing Short

414

38.3124 GBP

1p ordinary

CFD

Decreasing Short

517

38.3336 GBP

1p ordinary

SWAP

Decreasing Short

585

38.3297 GBP

1p ordinary

CFD

Decreasing Short

634

38.3317 GBP

1p ordinary

SWAP

Decreasing Short

1,345

38.3161 GBP

1p ordinary

CFD

Decreasing Short

1,388

38.3508 GBP

1p ordinary

SWAP

Decreasing Short

2,342

38.3240 GBP

1p ordinary

CFD

Decreasing Short

5,625

38.3348 GBP

1p ordinary

SWAP

Decreasing Short

6,906

38.3353 GBP

1p ordinary

SWAP

Decreasing Short

72,489

38.3200 GBP

1p ordinary

SWAP

Increasing Short

6

38.3438 GBP

1p ordinary

CFD

Increasing Short

408

38.3600 GBP

1p ordinary

SWAP

Increasing Short

8,924

38.3460 GBP

1p ordinary

SWAP

Opening Short

11

38.3254 GBP

1p ordinary

SWAP

Opening Short

164

38.3400 GBP

1p ordinary

SWAP

Opening Short

16,527

38.3451 GBP

1p ordinary

SWAP

Opening Short

18,633

38.3346 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 Dec 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213