Barclays Regulatory News (BARC)

FORM 8.3 Amendment to Purchase

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:

29 Sep 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:

7,021,520

6.17%

1,876,778

1.65%

(2) Cash-settled derivatives:

1,205,307

1.06%

6,913,292

6.07%

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

0

0.00%

0

0.00%

TOTAL:

8,226,827

7.22%

8,790,070

7.72%

(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

37,929

37.9936 GBP

1p ordinary

Purchase

18,071

37.9166 GBP

1p ordinary

Purchase

6,620

38.0282 GBP

1p ordinary

Purchase

5,000

37.9589 GBP

1p ordinary

Purchase

3,006

37.8807 GBP

1p ordinary

Purchase

2,500

37.8989 GBP

1p ordinary

Purchase

1,949

38.0213 GBP

1p ordinary

Purchase

1,601

37.8800 GBP

1p ordinary

Purchase

1,474

38.0582 GBP

1p ordinary

Purchase

1,144

37.8875 GBP

1p ordinary

Purchase

850

37.9992 GBP

1p ordinary

Purchase

458

37.9859 GBP

1p ordinary

Purchase

302

37.9400 GBP

1p ordinary

Purchase

264

38.0554 GBP

1p ordinary

Purchase

229

37.9600 GBP

1p ordinary

Purchase

189

37.9960 GBP

1p ordinary

Purchase

182

38.0400 GBP

1p ordinary

Purchase

168

37.9800 GBP

1p ordinary

Purchase

144

38.1200 GBP

1p ordinary

Purchase

98

37.9700 GBP

1p ordinary

Purchase

8

37.9637 GBP

1p ordinary

Sale

19,991

37.9328 GBP

1p ordinary

Sale

11,778

37.9462 GBP

1p ordinary

Sale

7,075

37.8800 GBP

1p ordinary

Sale

6,842

37.9013 GBP

1p ordinary

Sale

3,978

37.9102 GBP

1p ordinary

Sale

926

37.8893 GBP

1p ordinary

Sale

764

37.8794 GBP

1p ordinary

Sale

722

37.9600 GBP

1p ordinary

Sale

556

37.9286 GBP

1p ordinary

Sale

393

37.9748 GBP

1p ordinary

Sale

267

37.9582 GBP

1p ordinary

Sale

129

38.0400 GBP

1p ordinary

Sale

120

37.9400 GBP

1p ordinary

Sale

110

37.9700 GBP

1p ordinary

Sale

98

37.9437 GBP

1p ordinary

Sale

65

37.9900 GBP

1p ordinary

Sale

46

37.9800 GBP

1p ordinary

Sale

22

37.9436 GBP

1p ordinary

Sale

10

38.0000 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

12

37.8800 GBP

1p ordinary

SWAP

Long

764

37.8794 GBP

1p ordinary

SWAP

Long

2,612

37.9311 GBP

1p ordinary

CFD

Long

2,749

37.8800 GBP

1p ordinary

SWAP

Long

4,688

37.9179 GBP

1p ordinary

SWAP

Long

6,842

37.9013 GBP

1p ordinary

SWAP

Long

11,778

37.9462 GBP

1p ordinary

SWAP

Long

19,991

37.9328 GBP

1p ordinary

SWAP

Short

8

37.9637 GBP

1p ordinary

SWAP

Short

304

37.9440 GBP

1p ordinary

SWAP

Short

455

37.9048 GBP

1p ordinary

CFD

Short

1,144

37.8875 GBP

1p ordinary

SWAP

Short

1,474

38.0582 GBP

1p ordinary

SWAP

Short

1,949

38.0213 GBP

1p ordinary

SWAP

Short

3,006

37.8807 GBP

1p ordinary

SWAP

Short

4,174

37.8883 GBP

1p ordinary

SWAP

Short

5,576

37.9153 GBP

1p ordinary

SWAP

Short

6,620

38.0282 GBP

1p ordinary

SWAP

Short

7,500

37.9389 GBP

1p ordinary

SWAP

Short

9,579

37.9439 GBP

1p ordinary

SWAP

Short

75,858

37.9936 GBP

NB: The below transactions which were previously disclosed have been cancelled

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

1p ordinary

SWAP

Short

37,929

37.9936 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:

17 Oct 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213