Form 8.5 (EPT/RI)-Dechra Pharmaceuticals plc

Morgan Stanley & Co. Int'l plc

25 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:	22 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	150,866	38.0600 GBP	37.7800 GBP
1p ordinary	PURCHASES	87,268	38.0800 GBP	37.7800 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	803	38.0189 GBP
1p ordinary	CFD	increasing a long position	4,068	38.0242 GBP
1p ordinary	CFD	increasing a long position	12,750	38.0346 GBP
1p ordinary	CFD	increasing a long position	102	38.0346 GBP
1p ordinary	CFD	increasing a long position	150	38.0368 GBP
1p ordinary	CFD	increasing a long position	227	38.0389 GBP
1p ordinary	CFD	increasing a long position	1	38.0400 GBP
1p ordinary	CFD	increasing a long position	1,896	38.0400 GBP
1p ordinary	CFD	increasing a long position	180	38.0589 GBP
1p ordinary	CFD	increasing a short position	6	37.7800 GBP
1p ordinary	CFD	increasing a short position	5	38.0240 GBP
1p ordinary	CFD	increasing a short position	1,796	38.0385 GBP
1p ordinary	CFD	increasing a short position	362	38.0400 GBP
1p ordinary	CFD	increasing a short position	26	38.0400 GBP
1p ordinary	CFD	increasing a short position	724	38.0400 GBP
1p ordinary	CFD	increasing a short position	529	38.0496 GBP
1p ordinary	CFD	increasing a short position	65	38.0631 GBP
1p ordinary	CFD	reducing a long position	1	37.7800 GBP
1p ordinary	CFD	reducing a long position	237	38.0375 GBP
1p ordinary	CFD	reducing a long position	4,068	38.0400 GBP
1p ordinary	CFD	reducing a long position	3,106	38.0400 GBP
1p ordinary	CFD	reducing a long position	1	38.0400 GBP
1p ordinary	CFD	reducing a long position	21	38.0600 GBP
1p ordinary	CFD	reducing a short position	3	37.7800 GBP
1p ordinary	CFD	reducing a short position	46,917	37.9920 GBP
1p ordinary	CFD	reducing a short position	1,555	38.0172 GBP
1p ordinary	CFD	reducing a short position	22	38.0200 GBP
1p ordinary	CFD	reducing a short position	1,426	38.0325 GBP
1p ordinary	CFD	reducing a short position	102	38.0384 GBP
1p ordinary	CFD	reducing a short position	86	38.0385 GBP
1p ordinary	CFD	reducing a short position	362	38.0392 GBP
1p ordinary	CFD	reducing a short position	181	38.0400 GBP
1p ordinary	CFD	reducing a short position	993	38.0400 GBP
1p ordinary	CFD	reducing a short position	585	38.0400 GBP
1p ordinary	CFD	reducing a short position	705	38.0400 GBP
1p ordinary	CFD	reducing a short position	6	38.0400 GBP
1p ordinary	CFD	reducing a short position	3,071	38.0543 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:	25 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