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:

21 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:

2,872,390

2.52%

1,471,079

1.29%

(2) Cash-settled derivatives:

1,399,475

1.23%

2,755,443

2.42%

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

0

0.00%

0

0.00%

TOTAL: 

4,271,865

3.75%

4,226,522

3.71%

(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

Sale

55,302

37.2892 GBP

1p ordinary

Sale

131

37.2337 GBP

1p ordinary

Sale

1,624

37.2392 GBP

1p ordinary

Sale

1,275

37.2210 GBP

1p ordinary

Purchase

451

37.2241 GBP

1p ordinary

Purchase

116

37.2900 GBP

1p ordinary

Purchase

355

37.2557 GBP

1p ordinary

Purchase

300

37.2531 GBP

1p ordinary

Purchase

1,161

37.2674 GBP

1p ordinary

Purchase

204

37.2300 GBP

1p ordinary

Sale

3,966

37.2200 GBP

1p ordinary

Sale

1,896

37.2656 GBP

1p ordinary

Purchase

828

37.2400 GBP

1p ordinary

Purchase

3,850

37.2514 GBP

1p ordinary

Sale

1,084

37.2237 GBP

1p ordinary

Purchase

454

37.2462 GBP

1p ordinary

Purchase

3,409

37.2380 GBP

1p ordinary

Purchase

735

37.2332 GBP

1p ordinary

Sale

975

37.2735 GBP

1p ordinary

Sale

10,240

37.2557 GBP

1p ordinary

Purchase

5,120

37.2552 GBP

1p ordinary

Sale

97

37.2300 GBP

1p ordinary

Purchase

2,077

37.2200 GBP

1p ordinary

Sale

211

37.2301 GBP

1p ordinary

Sale

44

37.2602 GBP

1p ordinary

Sale

2,495

37.2600 GBP

1p ordinary

Sale

3,930

37.2489 GBP

1p ordinary

Sale

744

37.2251 GBP

1p ordinary

Sale

2,000

37.2386 GBP

1p ordinary

Purchase

393

37.2800 GBP

1p ordinary

Sale

424

37.2400 GBP

1p ordinary

Purchase

907

37.2581 GBP

1p ordinary

Purchase

975

37.2698 GBP

1p ordinary

Sale

291

37.2211 GBP

1p ordinary

Purchase

4,616

37.2600 GBP

1p ordinary

Purchase

414

37.2373 GBP

1p ordinary

Purchase

717

37.2285 GBP

1p ordinary

Purchase

14,685

37.2693 GBP

1p ordinary

Purchase

17,679

37.2434 GBP

1p ordinary

Sale

2,046

37.2325 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

11

37.2200 GBP

1p ordinary

SWAP

Long

44

37.2602 GBP

1p ordinary

SWAP

Long

353

37.2393 GBP

1p ordinary

SWAP

Long

2,000

37.2386 GBP

1p ordinary

SWAP

Long

2,343

37.2280 GBP

1p ordinary

SWAP

Long

55,302

37.2892 GBP

1p ordinary

SWAP

Short

11

37.2402 GBP

1p ordinary

SWAP

Short

44

37.2600 GBP

1p ordinary

CFD

Short

90

37.2253 GBP

1p ordinary

SWAP

Short

241

37.2463 GBP

1p ordinary

CFD

Short

241

37.2200 GBP

1p ordinary

CFD

Short

287

37.2600 GBP

1p ordinary

SWAP

Short

717

37.2285 GBP

1p ordinary

CFD

Short

2,792

37.2479 GBP

1p ordinary

SWAP

Short

3,780

37.2434 GBP

1p ordinary

SWAP

Short

3,850

37.2514 GBP

1p ordinary

SWAP

Short

3,888

37.2826 GBP

1p ordinary

SWAP

Short

5,757

37.2631 GBP

1p ordinary

SWAP

Short

6,655

37.2652 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:

24 Jul 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213