Barclays Regulatory News (BARC)

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:

24 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:

2,890,568

2.54%

1,421,423

1.25%

(2) Cash-settled derivatives:

1,358,632

1.19%

2,779,826

2.44%

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

0

0.00%

0

0.00%

TOTAL: 

4,249,200

3.73%

4,201,249

3.69%

(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

6,160

37.1869 GBP

1p ordinary

Purchase

1,636

37.0981 GBP

1p ordinary

Sale

18

37.1438 GBP

1p ordinary

Purchase

253

37.1764 GBP

1p ordinary

Sale

2,924

37.2991 GBP

1p ordinary

Sale

9,233

37.1000 GBP

1p ordinary

Sale

984

37.1895 GBP

1p ordinary

Purchase

8,000

37.2176 GBP

1p ordinary

Purchase

25,000

37.1185 GBP

1p ordinary

Purchase

104

37.1600 GBP

1p ordinary

Purchase

1,106

37.1778 GBP

1p ordinary

Sale

337

37.1701 GBP

1p ordinary

Purchase

6,881

37.1799 GBP

1p ordinary

Purchase

2,009

37.1171 GBP

1p ordinary

Sale

4,069

37.1600 GBP

1p ordinary

Purchase

287

37.1541 GBP

1p ordinary

Sale

27

37.2170 GBP

1p ordinary

Sale

2,501

37.1798 GBP

1p ordinary

Sale

134

37.1889 GBP

1p ordinary

Purchase

22

37.1800 GBP

1p ordinary

Sale

248

37.1700 GBP

1p ordinary

Sale

1,242

37.1687 GBP

1p ordinary

Purchase

8,869

37.1000 GBP

1p ordinary

Purchase

1,000

37.1526 GBP

1p ordinary

Purchase

18

37.1400 GBP

1p ordinary

Sale

2,862

37.1814 GBP

1p ordinary

Sale

18

37.1400 GBP

1p ordinary

Sale

632

37.2042 GBP

1p ordinary

Purchase

116

37.1300 GBP

1p ordinary

Sale

21,478

37.1502 GBP

1p ordinary

Purchase

60,172

37.1538 GBP

1p ordinary

Sale

122

37.1500 GBP

1p ordinary

Purchase

6,350

37.1747 GBP

1p ordinary

Sale

1,000

37.1572 GBP

1p ordinary

Purchase

161

37.1685 GBP

1p ordinary

Purchase

693

37.2282 GBP

1p ordinary

Sale

2,976

37.1450 GBP

1p ordinary

Purchase

117

37.2000 GBP

1p ordinary

Sale

2,232

37.1445 GBP

1p ordinary

Sale

1,016

37.1800 GBP

1p ordinary

Sale

117

37.2037 GBP

1p ordinary

Sale

6,570

37.1196 GBP

1p ordinary

Sale

1,048

37.2000 GBP

1p ordinary

Purchase

668

37.1728 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

27

37.2170 GBP

1p ordinary

SWAP

Long

300

37.1600 GBP

1p ordinary

SWAP

Long

1,000

37.1572 GBP

1p ordinary

SWAP

Long

2,924

37.2991 GBP

1p ordinary

SWAP

Long

6,570

37.1196 GBP

1p ordinary

SWAP

Long

27,416

37.1570 GBP

1p ordinary

SWAP

Short

27

37.1000 GBP

1p ordinary

SWAP

Short

33

37.1732 GBP

1p ordinary

CFD

Short

75

37.1426 GBP

1p ordinary

SWAP

Short

252

37.1931 GBP

1p ordinary

SWAP

Short

693

37.2282 GBP

1p ordinary

SWAP

Short

1,000

37.1526 GBP

1p ordinary

SWAP

Short

4,086

37.1915 GBP

1p ordinary

CFD

Short

5,878

37.1000 GBP

1p ordinary

SWAP

Short

8,000

37.2176 GBP

1p ordinary

SWAP

Short

24,635

37.1578 GBP

1p ordinary

SWAP

Short

25,000

37.1185 GBP

1p ordinary

SWAP

Short

33,784

37.1631 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:

25 Jul 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213