Form 8.5 (EPT/RI)-Dechra Pharmaceuticals plc

Morgan Stanley & Co. Int'l plc

03 January 2024

 

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:	02 January 2024
(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	SALES	274,563	38.5827 GBP	38.5121 GBP
1p ordinary	PURCHASES	111,986	38.6279 GBP	38.5561 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	38.5168 GBP
1p ordinary	CFD	increasing a long position	6	38.5168 GBP
1p ordinary	CFD	increasing a long position	685	38.5168 GBP
1p ordinary	CFD	increasing a long position	51	38.5168 GBP
1p ordinary	CFD	increasing a long position	756	38.5600 GBP
1p ordinary	CFD	increasing a long position	672	38.5600 GBP
1p ordinary	CFD	increasing a long position	996	38.5626 GBP
1p ordinary	CFD	increasing a long position	2,476	38.5770 GBP
1p ordinary	CFD	increasing a long position	2,206	38.5800 GBP
1p ordinary	CFD	increasing a long position	209	38.5800 GBP
1p ordinary	CFD	increasing a long position	131	38.5811 GBP
1p ordinary	CFD	increasing a short position	2,476	38.5600 GBP
1p ordinary	CFD	increasing a short position	996	38.5600 GBP
1p ordinary	CFD	increasing a short position	1	38.5600 GBP
1p ordinary	CFD	increasing a short position	264	38.5613 GBP
1p ordinary	CFD	increasing a short position	86	38.5692 GBP
1p ordinary	CFD	increasing a short position	874	38.5712 GBP
1p ordinary	CFD	increasing a short position	333	38.5799 GBP
1p ordinary	CFD	increasing a short position	6	38.5800 GBP
1p ordinary	CFD	increasing a short position	65	38.5932 GBP
1p ordinary	CFD	increasing a short position	174	38.5932 GBP
1p ordinary	CFD	increasing a long position	300	38.5600 GBP
1p ordinary	CFD	increasing a long position	1,437	38.5600 GBP
1p ordinary	CFD	increasing a long position	7,262	38.5656 GBP
1p ordinary	CFD	increasing a long position	46,108	38.5735 GBP
1p ordinary	CFD	increasing a long position	25,000	38.5800 GBP
1p ordinary	CFD	increasing a short position	230	38.6279 GBP
1p ordinary	CFD	increasing a short position	2,943	38.6279 GBP
1p ordinary	CFD	increasing a short position	3,797	38.6279 GBP
1p ordinary	CFD	reducing a long position	198	38.5692 GBP
1p ordinary	CFD	reducing a short position	38,082	38.5121 GBP
1p ordinary	CFD	reducing a short position	11,161	38.5121 GBP
1p ordinary	CFD	reducing a short position	17	38.5600 GBP
1p ordinary	CFD	reducing a short position	3,785	38.5600 GBP
1p ordinary	CFD	reducing a short position	38,469	38.5800 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:	03 January 2024
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