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:

26 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:

2,928,378

2.57%

1,468,390

1.29%

(2) Cash-settled derivatives:

1,392,685

1.22%

2,805,889

2.46%

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

0

0.00%

0

0.00%

TOTAL: 

4,321,063

3.79%

4,274,279

3.75%

(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

965

37.1565 GBP

1p ordinary

Sale

321

37.1566 GBP

1p ordinary

Sale

4,697

37.1609 GBP

1p ordinary

Purchase

282

37.1400 GBP

1p ordinary

Purchase

275

37.1700 GBP

1p ordinary

Sale

1,897

37.1636 GBP

1p ordinary

Purchase

902

37.2332 GBP

1p ordinary

Purchase

614

37.2187 GBP

1p ordinary

Sale

505

37.2000 GBP

1p ordinary

Purchase

11,185

37.1600 GBP

1p ordinary

Purchase

2,000

37.1827 GBP

1p ordinary

Sale

1,873

37.2935 GBP

1p ordinary

Purchase

3,920

37.1896 GBP

1p ordinary

Purchase

126

37.1800 GBP

1p ordinary

Sale

7,000

37.1686 GBP

1p ordinary

Purchase

8,883

37.1662 GBP

1p ordinary

Sale

32,690

37.1673 GBP

1p ordinary

Sale

282

37.1400 GBP

1p ordinary

Sale

1,190

37.1801 GBP

1p ordinary

Sale

476

37.1644 GBP

1p ordinary

Sale

676

37.1700 GBP

1p ordinary

Purchase

793

37.2008 GBP

1p ordinary

Sale

4,710

37.1602 GBP

1p ordinary

Sale

12,193

37.1600 GBP

1p ordinary

Sale

955

37.1821 GBP

1p ordinary

Purchase

16,716

37.1890 GBP

1p ordinary

Sale

235

37.1674 GBP

1p ordinary

Sale

602

37.1567 GBP

1p ordinary

Sale

308

37.1800 GBP

1p ordinary

Sale

196

37.1750 GBP

1p ordinary

Purchase

1,025

37.1797 GBP

1p ordinary

Purchase

4,140

37.1581 GBP

1p ordinary

Purchase

563

37.1721 GBP

1p ordinary

Sale

885

37.1882 GBP

1p ordinary

Sale

506

37.1646 GBP

1p ordinary

Purchase

455

37.1861 GBP

1p ordinary

Purchase

421

37.1644 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

1,873

37.2935 GBP

1p ordinary

CFD

Long

2,541

37.1600 GBP

1p ordinary

SWAP

Long

3,962

37.1600 GBP

1p ordinary

SWAP

Long

7,000

37.1686 GBP

1p ordinary

SWAP

Long

12,553

37.1679 GBP

1p ordinary

SWAP

Long

19,744

37.1683 GBP

1p ordinary

CFD

Short

10

37.1600 GBP

1p ordinary

SWAP

Short

32

37.2200 GBP

1p ordinary

CFD

Short

77

37.1710 GBP

1p ordinary

CFD

Short

455

37.1861 GBP

1p ordinary

SWAP

Short

459

37.2400 GBP

1p ordinary

SWAP

Short

793

37.2008 GBP

1p ordinary

SWAP

Short

1,621

37.2011 GBP

1p ordinary

SWAP

Short

2,000

37.1827 GBP

1p ordinary

CFD

Short

2,378

37.1850 GBP

1p ordinary

SWAP

Short

2,946

37.1651 GBP

1p ordinary

SWAP

Short

14,648

37.1963 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:

27 Jul 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213