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:

27 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:

2,994,294

2.63%

1,451,779

1.27%

(2) Cash-settled derivatives:

1,401,154

1.23%

2,890,319

2.54%

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

0

0.00%

0

0.00%

TOTAL: 

4,395,448

3.86%

4,342,098

3.81%

(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

1,173

37.1768 GBP

1p ordinary

Purchase

52,143

37.1644 GBP

1p ordinary

Sale

241

37.1771 GBP

1p ordinary

Sale

241

37.1500 GBP

1p ordinary

Purchase

799

37.1665 GBP

1p ordinary

Sale

1,528

37.1300 GBP

1p ordinary

Sale

1,379

37.1575 GBP

1p ordinary

Purchase

176

37.1600 GBP

1p ordinary

Purchase

78,720

37.1400 GBP

1p ordinary

Purchase

813

37.1848 GBP

1p ordinary

Sale

333

37.1200 GBP

1p ordinary

Sale

4,746

37.1591 GBP

1p ordinary

Sale

357

37.1466 GBP

1p ordinary

Purchase

1,304

37.1627 GBP

1p ordinary

Purchase

7,968

37.1381 GBP

1p ordinary

Purchase

537

37.1816 GBP

1p ordinary

Sale

4,935

37.1400 GBP

1p ordinary

Sale

1,122

37.1700 GBP

1p ordinary

Purchase

369

37.1582 GBP

1p ordinary

Sale

913

37.1634 GBP

1p ordinary

Sale

4

37.1800 GBP

1p ordinary

Purchase

333

37.1200 GBP

1p ordinary

Sale

577

37.1472 GBP

1p ordinary

Sale

25,258

37.1404 GBP

1p ordinary

Purchase

572

37.2200 GBP

1p ordinary

Purchase

4

37.1800 GBP

1p ordinary

Sale

25,987

37.1539 GBP

1p ordinary

Purchase

3,000

37.1973 GBP

1p ordinary

Purchase

148

37.1661 GBP

1p ordinary

Sale

1,148

37.1422 GBP

1p ordinary

Sale

572

37.2200 GBP

1p ordinary

Purchase

142

37.1500 GBP

1p ordinary

Purchase

12,625

37.1873 GBP

1p ordinary

Sale

6,884

37.1346 GBP

1p ordinary

Sale

594

37.1658 GBP

1p ordinary

Sale

8,595

37.1600 GBP

1p ordinary

Sale

2,000

37.1598 GBP

1p ordinary

Sale

812

37.1595 GBP

1p ordinary

Purchase

258

37.1900 GBP

1p ordinary

Sale

1,213

37.1405 GBP

1p ordinary

Sale

713

37.1439 GBP

1p ordinary

Purchase

5,365

37.1823 GBP

1p ordinary

Purchase

197

37.1700 GBP

1p ordinary

Sale

250

37.1237 GBP

1p ordinary

Purchase

992

37.1854 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

138

37.1400 GBP

1p ordinary

SWAP

Long

142

37.1500 GBP

1p ordinary

SWAP

Long

594

37.1658 GBP

1p ordinary

SWAP

Long

609

37.1700 GBP

1p ordinary

SWAP

Long

713

37.1439 GBP

1p ordinary

SWAP

Long

1,213

37.1405 GBP

1p ordinary

SWAP

Long

2,000

37.1598 GBP

1p ordinary

SWAP

Long

16,838

37.1427 GBP

1p ordinary

SWAP

Long

17,369

37.1418 GBP

1p ordinary

SWAP

Long

35,634

37.1554 GBP

1p ordinary

CFD

Short

22

37.1481 GBP

1p ordinary

CFD

Short

148

37.1661 GBP

1p ordinary

CFD

Short

475

37.1850 GBP

1p ordinary

CFD

Short

572

37.2200 GBP

1p ordinary

SWAP

Short

813

37.1848 GBP

1p ordinary

SWAP

Short

1,942

37.1890 GBP

1p ordinary

SWAP

Short

3,000

37.1973 GBP

1p ordinary

CFD

Short

6,655

37.1858 GBP

1p ordinary

CFD

Short

11,165

37.1400 GBP

1p ordinary

SWAP

Short

22,253

37.1637 GBP

1p ordinary

SWAP

Short

38,773

37.1699 GBP

1p ordinary

SWAP

Short

65,393

37.1400 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:

28 Jul 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213