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:

15 Jan 2024

(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:

7,412,711

6.51%

591,073

0.52%

(2)

Cash-settled derivatives:

and/or controlled:

549,639

0.48%

7,337,178

6.44%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

7,962,350

6.99%

7,928,251

6.96%

(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

341,877

38.6600 GBP

1p ordinary

Purchase

300,000

38.6638 GBP

1p ordinary

Purchase

224,447

38.6604 GBP

1p ordinary

Purchase

8,000

38.6629 GBP

1p ordinary

Purchase

5,880

38.6749 GBP

1p ordinary

Purchase

2,446

38.6580 GBP

1p ordinary

Purchase

2,337

38.6740 GBP

1p ordinary

Purchase

1,848

38.6675 GBP

1p ordinary

Purchase

1,524

38.6800 GBP

1p ordinary

Purchase

1,134

38.6709 GBP

1p ordinary

Purchase

928

38.6700 GBP

1p ordinary

Purchase

36

38.6761 GBP

1p ordinary

Sale

201,358

38.6600 GBP

1p ordinary

Sale

6,778

38.6400 GBP

1p ordinary

Sale

5,229

38.6499 GBP

1p ordinary

Sale

2,046

38.6800 GBP

1p ordinary

Sale

1,345

38.6700 GBP

1p ordinary

Sale

753

38.6680 GBP

1p ordinary

Sale

669

38.6561 GBP

1p ordinary

Sale

490

38.6731 GBP

1p ordinary

Sale

129

38.6500 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 Short

1

38.6600 GBP

1p ordinary

SWAP

Decreasing Short

39

38.6700 GBP

1p ordinary

SWAP

Decreasing Short

152

38.6961 GBP

1p ordinary

SWAP

Decreasing Short

669

38.6561 GBP

1p ordinary

SWAP

Decreasing Short

1,262

38.6641 GBP

1p ordinary

CFD

Decreasing Short

1,904

38.6800 GBP

1p ordinary

SWAP

Decreasing Short

1,991

38.6632 GBP

1p ordinary

SWAP

Decreasing Short

5,229

38.6499 GBP

1p ordinary

SWAP

Decreasing Short

50,740

38.6573 GBP

1p ordinary

SWAP

Increasing Short

36

38.6760 GBP

1p ordinary

SWAP

Increasing Short

642

38.6715 GBP

1p ordinary

SWAP

Increasing Short

1,134

38.6709 GBP

1p ordinary

CFD

Increasing Short

1,626

38.6600 GBP

1p ordinary

SWAP

Increasing Short

1,848

38.6675 GBP

1p ordinary

SWAP

Increasing Short

2,337

38.6740 GBP

1p ordinary

SWAP

Increasing Short

8,000

38.6629 GBP

1p ordinary

SWAP

Increasing Short

11,179

38.6800 GBP

1p ordinary

SWAP

Increasing Short

260,980

38.6600 GBP

1p ordinary

SWAP

Increasing Short

480,737

38.6638 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:

16 Jan 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213