Form 8.5 (EPT/RI)- Dechra Pharmaceuticals plc

Morgan Stanley & Co. Int'l plc

30 October 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:	27 October 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"	N/A

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	23,579	37.8755 GBP	37.6593 GBP
1p ordinary	SALES	26,056	37.8800 GBP	37.6467 GBP
1p ordinary	SALES	3,147	46.0096 USD	46.0096 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	3,414	37.7263 GBP
1p ordinary	CFD	increasing a long position	12	37.7333 GBP
1p ordinary	CFD	increasing a long position	293	37.7343 GBP
1p ordinary	CFD	increasing a long position	133	37.7458 GBP
1p ordinary	CFD	increasing a long position	175	37.7533 GBP
1p ordinary	CFD	increasing a long position	459	37.7646 GBP
1p ordinary	CFD	increasing a long position	100	37.7901 GBP
1p ordinary	CFD	increasing a long position	71	37.7955 GBP
1p ordinary	CFD	increasing a long position	2,449	37.7983 GBP
1p ordinary	CFD	increasing a long position	467	37.8000 GBP
1p ordinary	CFD	increasing a long position	468	37.8000 GBP
1p ordinary	CFD	increasing a long position	602	37.8049 GBP
1p ordinary	CFD	increasing a long position	497	37.8049 GBP
1p ordinary	CFD	increasing a long position	571	37.8756 GBP
1p ordinary	CFD	increasing a long position	10,000	37.8891 GBP
1p ordinary	CFD	increasing a short position	27	37.6819 GBP
1p ordinary	CFD	increasing a short position	681	37.7000 GBP
1p ordinary	CFD	increasing a short position	2,558	37.7546 GBP
1p ordinary	CFD	increasing a short position	1,122	37.8000 GBP
1p ordinary	CFD	reducing a long position	1,512	37.7041 GBP
1p ordinary	CFD	reducing a long position	571	37.8000 GBP
1p ordinary	CFD	reducing a short position	737	37.7754 GBP
1p ordinary	CFD	reducing a short position	729	37.7754 GBP
1p ordinary	CFD	reducing a short position	491	37.7754 GBP
1p ordinary	CFD	reducing a short position	3,979	37.7754 GBP
1p ordinary	CFD	reducing a short position	1,304	37.7754 GBP
1p ordinary	CFD	reducing a short position	2,630	37.7754 GBP
1p ordinary	CFD	reducing a short position	1,597	37.8000 GBP
1p ordinary	CFD	reducing a short position	3,147	37.8755 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:	30 October 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