Form 8.5 (EPT/RI)-Dechra Pharmaceuticals plc

Morgan Stanley & Co. Int'l plc

12 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:	11 September 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	SALES	49,399	38.0900 GBP	38.0594 GBP
1p ordinary	PURCHASES	92,112	38.0967 GBP	38.0587 GBP

(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 long position	22	38.0600 GBP
1p ordinary	CFD	increasing a long position	148	38.0600 GBP
1p ordinary	CFD	increasing a long position	619	38.0624 GBP
1p ordinary	CFD	increasing a long position	739	38.0641 GBP
1p ordinary	CFD	increasing a short position	1	38.0600 GBP
1p ordinary	CFD	increasing a short position	6,893	38.0600 GBP
1p ordinary	CFD	increasing a short position	179	38.0600 GBP
1p ordinary	CFD	increasing a short position	5,825	38.0600 GBP
1p ordinary	CFD	increasing a short position	6,278	38.0600 GBP
1p ordinary	CFD	increasing a short position	11,844	38.0600 GBP
1p ordinary	CFD	increasing a short position	18,200	38.0619 GBP
1p ordinary	CFD	increasing a short position	49	38.0694 GBP
1p ordinary	CFD	increasing a short position	1,751	38.0790 GBP
1p ordinary	CFD	increasing a short position	2,400	38.0790 GBP
1p ordinary	CFD	reducing a long position	148	38.0600 GBP
1p ordinary	CFD	reducing a long position	271	38.0600 GBP
1p ordinary	CFD	reducing a long position	619	38.0600 GBP
1p ordinary	CFD	reducing a long position	93	38.0800 GBP
1p ordinary	CFD	reducing a long position	212	38.0800 GBP
1p ordinary	CFD	reducing a short position	394	38.0594 GBP
1p ordinary	CFD	reducing a short position	22	38.0598 GBP
1p ordinary	CFD	reducing a short position	113	38.0600 GBP
1p ordinary	CFD	reducing a short position	2,469	38.0600 GBP
1p ordinary	CFD	reducing a short position	51	38.0600 GBP
1p ordinary	CFD	reducing a short position	136	38.0600 GBP
1p ordinary	CFD	reducing a short position	195	38.0600 GBP
1p ordinary	CFD	reducing a short position	2	38.0600 GBP
1p ordinary	CFD	reducing a short position	268	38.0600 GBP
1p ordinary	CFD	reducing a short position	326	38.0612 GBP
1p ordinary	CFD	reducing a short position	5,417	38.0639 GBP
1p ordinary	CFD	reducing a short position	116	38.0659 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:	12 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