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

DECHRA PHARMACEUTICALS PLC

relevant securities this form relates:

(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:

03 Aug 2023

(f)

In addition to the company in 1(c) above, is the discloser making

NO

disclosures in respect of any other party to the offer?

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:

3,115,187

2.74%

1,597,259

1.40%

(2)

Cash-settled derivatives:

and/or controlled:

1,579,463

1.39%

3,037,113

2.67%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

4,694,650

4.12%

4,634,372

4.07%

(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 EXEMPT PRINCIPAL TRADER

(a)

Purchases and sales

Class of relevant

Purchase/sale

Number of

Price per unit

security

securities

1p ordinary

Sale

547

37.5842 GBP

1p ordinary

Sale

493

37.5946 GBP

1p ordinary

Purchase

5,238

37.6181 GBP

1p ordinary

Purchase

7,165

37.5800 GBP

1p ordinary

Purchase

1,284

37.5998 GBP

1p ordinary

Purchase

28,008

37.6200 GBP

1p ordinary

Purchase

791

37.5825 GBP

1p ordinary

Purchase

1,637

37.5908 GBP

1p ordinary

Sale

319

37.5948 GBP

1p ordinary

Sale

8,360

37.5300 GBP

1p ordinary

Sale

841

37.5779 GBP

1p ordinary

Sale

3,205

37.5651 GBP

1p ordinary

Sale

1,092

37.5723 GBP

1p ordinary

Purchase

1,803

37.5478 GBP

1p ordinary

Sale

8,803

37.4714 GBP

1p ordinary

Purchase

3,072

37.6000 GBP

1p ordinary

Sale

6,185

37.5333 GBP

1p ordinary

Purchase

2,409

37.5730 GBP

1p ordinary

Purchase

55

37.4000 GBP

1p ordinary

Purchase

4,366

37.6136 GBP

1p ordinary

Purchase

5,289

37.5962 GBP

1p ordinary

Purchase

3,419

37.5187 GBP

1p ordinary

Sale

1,742

37.5800 GBP

1p ordinary

Purchase

31,260

37.5427 GBP

1p ordinary

Purchase

682

37.6058 GBP

1p ordinary

Sale

16,392

37.6039 GBP

1p ordinary

Sale

2,971

37.6000 GBP

1p ordinary

Sale

55

37.4000 GBP

1p ordinary

Purchase

2,091

37.5943 GBP

1p ordinary

Sale

19,264

37.5600 GBP

1p ordinary

Sale

5,579

37.5822 GBP

1p ordinary

Purchase

2,844

37.6075 GBP

1p ordinary

Purchase

5,426

37.5444 GBP

1p ordinary

Sale

1,190

37.6076 GBP

1p ordinary

Sale

716

37.5846 GBP

1p ordinary

Sale

592

37.4800 GBP

1p ordinary

Sale

88,154

37.6200 GBP

1p ordinary

Sale

47,056

37.5812 GBP

1p ordinary

Sale

19,883

37.6009 GBP

1p ordinary

Purchase

702

37.5400 GBP

1p ordinary

Sale

6,000

37.5687 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

1p ordinary

SWAP

Long

6

37.5166 GBP

1p ordinary

CFD

Long

55

37.4000 GBP

1p ordinary

SWAP

Long

1,865

37.6132 GBP

1p ordinary

SWAP

Long

2,668

37.6164 GBP

1p ordinary

SWAP

Long

3,000

37.6162 GBP

1p ordinary

SWAP

Long

4,000

37.4708 GBP

1p ordinary

SWAP

Long

4,803

37.4719 GBP

1p ordinary

SWAP

Long

6,000

37.5687 GBP

1p ordinary

SWAP

Long

19,534

37.5461 GBP

1p ordinary

SWAP

Long

20,656

37.5875 GBP

1p ordinary

SWAP

Long

21,675

37.5741 GBP

1p ordinary

SWAP

Long

37,000

37.5667 GBP

1p ordinary

SWAP

Long

64,249

37.6200 GBP

1p ordinary

SWAP

Short

6

37.6200 GBP

1p ordinary

SWAP

Short

11

37.4000 GBP

1p ordinary

SWAP

Short

265

37.5200 GBP

1p ordinary

SWAP

Short

1,201

37.6042 GBP

1p ordinary

SWAP

Short

1,803

37.5478 GBP

1p ordinary

CFD

Short

2,844

37.6075 GBP

1p ordinary

CFD

Short

3,419

37.5187 GBP

1p ordinary

CFD

Short

5,020

37.6200 GBP

1p ordinary

CFD

Short

7,536

37.5672 GBP

1p ordinary

SWAP

Short

32,103

37.5421 GBP

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class

Product

Writing,

Number

Exercise

Type

Expiry

Option

of

description

purchasing,

of

price

date

money

relevant

selling,

securities

per unit

paid/

security

varying etc

to which

received

option

per unit

relates

(ii)

Exercising

Class of relevant

Product description

Exercising/ exercised against

Number of

Exercise price per

security

securities

unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant

Nature of Dealings

Details

Price per unit (if

security

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 exempt principal trader 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:

04 Aug 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213