Form 8.5 (EPT/RI) - Dechra Pharmaceuticals plc

Morgan Stanley & Co. Int'l plc

01 September 2023

 

FORM 8.5 (EPT/RI)

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY

Rule 8.5 of the Takeover Code (the "Code")

1.         KEY INFORMATION

(a) Name of exempt principal trader:	Morgan Stanley & Co. International plc
(b) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	Dechra Pharmaceuticals plc
(c) Name of the party to the offer with which exempt principal trader is connected:	EQT (EQT X EUR SCSp and EQT X USD SCSp)
(d) Date dealing undertaken:	31 August 2023
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer?      If it is a cash offer or possible cash offer, state "N/A"	NA

2.         DEALINGS BY THE EXEMPT PRINCIPAL TRADER

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a)        Purchases and sales

Class of relevant security	Purchases/ sales	Total number of securities	Highest price per unit paid/received	Lowest price per unit paid/received
1p ordinary	PURCHASES	132,018	38.1200 GBP	38.0400 GBP
1p ordinary	SALES	70,197	38.1200 GBP	38.0200 GBP
1p ordinary	SALES	359	48.2290 USD	48.2290 USD

(b)        Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
1p ordinary	CFD	increasing a short position	47	38.0460 GBP
1p ordinary	CFD	increasing a short position	59	38.0600 GBP
1p ordinary	CFD	increasing a short position	54,928	38.0600 GBP
1p ordinary	CFD	increasing a short position	1,476	38.0600 GBP
1p ordinary	CFD	increasing a short position	4,863	38.0600 GBP
1p ordinary	CFD	increasing a short position	42	38.0695 GBP
1p ordinary	CFD	increasing a short position	436	38.0800 GBP
1p ordinary	CFD	increasing a short position	1	38.0800 GBP
1p ordinary	CFD	increasing a short position	1,627	38.0811 GBP
1p ordinary	CFD	increasing a short position	195	38.0817 GBP
1p ordinary	CFD	increasing a short position	234	38.0818 GBP
1p ordinary	CFD	increasing a short position	299	38.0854 GBP
1p ordinary	CFD	increasing a short position	4	38.0900 GBP
1p ordinary	CFD	increasing a short position	239	38.0925 GBP
1p ordinary	CFD	increasing a short position	1,541	38.0966 GBP
1p ordinary	CFD	increasing a short position	9,261	38.1002 GBP
1p ordinary	CFD	increasing a short position	36,980	38.1002 GBP
1p ordinary	CFD	increasing a short position	11,330	38.1564 GBP
1p ordinary	CFD	reducing a long position	702	38.0600 GBP
1p ordinary	CFD	reducing a long position	242	38.1000 GBP
1p ordinary	CFD	reducing a short position	115	38.0600 GBP
1p ordinary	CFD	reducing a short position	672	38.0600 GBP
1p ordinary	CFD	reducing a short position	46	38.0600 GBP
1p ordinary	CFD	reducing a short position	24,873	38.0600 GBP
1p ordinary	CFD	reducing a short position	141	38.0600 GBP
1p ordinary	CFD	reducing a short position	3,092	38.0600 GBP
1p ordinary	CFD	reducing a short position	8,886	38.0600 GBP
1p ordinary	CFD	reducing a short position	278	38.0600 GBP
1p ordinary	CFD	reducing a short position	14	38.0614 GBP
1p ordinary	CFD	reducing a short position	3,068	38.0669 GBP
1p ordinary	CFD	reducing a short position	83	38.0884 GBP
1p ordinary	CFD	reducing a short position	97	38.0885 GBP
1p ordinary	CFD	reducing a short position	359	38.1001 GBP

(c)        Stock-settled derivative transactions (including options)

(i)         Writing, selling, purchasing or varying

Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit
N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

(ii)        Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit
N/A	N/A	N/A	N/A	N/A

(d)        Other dealings (including subscribing for new securities)

Class of relevant security	Nature of dealing e.g. subscription, conversion	Details	Price per unit (if applicable)
N/A	N/A	N/A	N/A

3.         OTHER INFORMATION

(a)        Indemnity and other dealing 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: Irrevocable commitments and letters of intent should not be included.  If there are no such agreements, arrangements or understandings, state "none"

NONE

(b)        Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader 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 or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none"

NONE

Date of disclosure:	01 September 2023
Contact name:	Craig Horsley
Telephone number:	[phone]

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. 

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END