Form 8.5 (EPT/RI)-Dechra Pharmaceuticals plc

Morgan Stanley & Co. Int'l plc

22 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:	21 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	PURCHASES	190,947	38.1600 GBP	37.9987 GBP
1p ordinary	SALES	81,480	38.1600 GBP	38.0000 GBP
1p ordinary	PURCHASES	550	46.6906 USD	46.6906 USD
1p ordinary	SALES	550	46.6906 USD	46.6906 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 long position	2,934	38.0000 GBP
1p ordinary	CFD	increasing a long position	30	38.0128 GBP
1p ordinary	CFD	increasing a long position	192	38.0387 GBP
1p ordinary	CFD	increasing a long position	245	38.0389 GBP
1p ordinary	CFD	increasing a long position	883	38.0417 GBP
1p ordinary	CFD	increasing a long position	745	38.1205 GBP
1p ordinary	CFD	increasing a short position	7,302	38.0000 GBP
1p ordinary	CFD	increasing a short position	181	38.0000 GBP
1p ordinary	CFD	increasing a short position	4,001	38.0000 GBP
1p ordinary	CFD	increasing a short position	1,303	38.0000 GBP
1p ordinary	CFD	increasing a short position	8,845	38.0000 GBP
1p ordinary	CFD	increasing a short position	9,081	38.0000 GBP
1p ordinary	CFD	increasing a short position	2,048	38.0000 GBP
1p ordinary	CFD	increasing a short position	1,805	38.0000 GBP
1p ordinary	CFD	increasing a short position	3,223	38.0000 GBP
1p ordinary	CFD	increasing a short position	971	38.0000 GBP
1p ordinary	CFD	increasing a short position	16,600	38.0019 GBP
1p ordinary	CFD	increasing a short position	4,000	38.0175 GBP
1p ordinary	CFD	increasing a short position	6	38.0333 GBP
1p ordinary	CFD	increasing a short position	4,332	38.0406 GBP
1p ordinary	CFD	increasing a short position	969	38.0428 GBP
1p ordinary	CFD	increasing a short position	9,636	38.0428 GBP
1p ordinary	CFD	increasing a short position	9,692	38.0428 GBP
1p ordinary	CFD	increasing a short position	6,694	38.0428 GBP
1p ordinary	CFD	increasing a short position	562	38.0780 GBP
1p ordinary	CFD	increasing a short position	366	38.0780 GBP
1p ordinary	CFD	increasing a short position	42,372	38.0780 GBP
1p ordinary	CFD	increasing a short position	3,094	38.0780 GBP
1p ordinary	CFD	increasing a short position	4,642	38.0780 GBP
1p ordinary	CFD	increasing a short position	8,170	38.0780 GBP
1p ordinary	CFD	increasing a short position	98	38.0800 GBP
1p ordinary	CFD	reducing a long position	3,371	38.0000 GBP
1p ordinary	CFD	reducing a long position	763	38.0265 GBP
1p ordinary	CFD	reducing a long position	118	38.0322 GBP
1p ordinary	CFD	reducing a long position	745	38.0400 GBP
1p ordinary	CFD	reducing a long position	5	38.0500 GBP
1p ordinary	CFD	reducing a long position	176	38.0600 GBP
1p ordinary	CFD	reducing a short position	1,147	38.0000 GBP
1p ordinary	CFD	reducing a short position	954	38.0000 GBP
1p ordinary	CFD	reducing a short position	803	38.0000 GBP
1p ordinary	CFD	reducing a short position	271	38.0200 GBP
1p ordinary	CFD	reducing a short position	17,000	38.0306 GBP
1p ordinary	CFD	reducing a short position	7,134	38.0318 GBP
1p ordinary	CFD	reducing a short position	135	38.0520 GBP
1p ordinary	CFD	reducing a short position	135	38.0584 GBP
1p ordinary	CFD	reducing a short position	114	38.0585 GBP
1p ordinary	CFD	reducing a short position	3	38.0600 GBP
1p ordinary	CFD	reducing a short position	11,000	38.0818 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:	22 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