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:

11 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:

6,505,101

5.71%

1,693,968

1.49%

(2) Cash-settled derivatives:

1,674,605

1.47%

6,425,413

5.64%

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

0

0.00%

0

0.00%

TOTAL: 

8,179,706

7.18%

8,119,381

7.13%

(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

376,285

38.0600 GBP

1p ordinary

Purchase

71,000

38.0790 GBP

1p ordinary

Purchase

15,504

38.0791 GBP

1p ordinary

Purchase

8,298

38.0622 GBP

1p ordinary

Purchase

7,428

38.0608 GBP

1p ordinary

Purchase

5,370

38.0609 GBP

1p ordinary

Purchase

5,081

38.0774 GBP

1p ordinary

Purchase

2,985

38.0810 GBP

1p ordinary

Purchase

2,072

38.0672 GBP

1p ordinary

Purchase

1,704

38.0854 GBP

1p ordinary

Purchase

1,369

38.0733 GBP

1p ordinary

Purchase

1,367

38.0838 GBP

1p ordinary

Purchase

924

38.0700 GBP

1p ordinary

Purchase

282

38.0751 GBP

1p ordinary

Purchase

252

38.0800 GBP

1p ordinary

Purchase

36

38.1000 GBP

1p ordinary

Sale

8,390

38.0589 GBP

1p ordinary

Sale

8,095

38.0575 GBP

1p ordinary

Sale

5,733

38.0600 GBP

1p ordinary

Sale

5,238

38.0771 GBP

1p ordinary

Sale

4,197

38.0603 GBP

1p ordinary

Sale

3,980

38.0967 GBP

1p ordinary

Sale

2,089

38.0904 GBP

1p ordinary

Sale

252

38.0800 GBP

1p ordinary

Sale

196

38.0750 GBP

1p ordinary

Sale

30

38.0700 GBP

1p ordinary

Sale

29

38.0593 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

8

38.0562 GBP

1p ordinary

SWAP

Long

29

38.0593 GBP

1p ordinary

SWAP

Long

508

38.0600 GBP

1p ordinary

SWAP

Long

811

38.0561 GBP

1p ordinary

SWAP

Long

3,420

38.0613 GBP

1p ordinary

SWAP

Long

3,456

38.0756 GBP

1p ordinary

SWAP

Long

3,871

38.0856 GBP

1p ordinary

SWAP

Long

3,980

38.0967 GBP

1p ordinary

SWAP

Long

8,095

38.0575 GBP

1p ordinary

SWAP

Long

8,390

38.0589 GBP

1p ordinary

CFD

Short

205

38.0651 GBP

1p ordinary

SWAP

Short

304

38.0830 GBP

1p ordinary

SWAP

Short

1,367

38.0838 GBP

1p ordinary

SWAP

Short

1,369

38.0733 GBP

1p ordinary

CFD

Short

1,990

38.0590 GBP

1p ordinary

SWAP

Short

2,072

38.0672 GBP

1p ordinary

SWAP

Short

2,958

38.0656 GBP

1p ordinary

SWAP

Short

3,331

38.0646 GBP

1p ordinary

CFD

Short

3,816

38.0607 GBP

1p ordinary

SWAP

Short

5,328

38.0653 GBP

1p ordinary

SWAP

Short

7,000

38.0638 GBP

1p ordinary

SWAP

Short

13,920

38.0630 GBP

1p ordinary

SWAP

Short

15,750

38.0907 GBP

1p ordinary

SWAP

Short

71,000

38.0790 GBP

1p ordinary

SWAP

Short

361,785

38.0600 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:

12 Sep 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213