Form 8.5 (EPT/RI)-Replacement of Dechra

Morgan Stanley & Co. Int'l plc

17 October 2023

 

AMENDMENT(2(b))

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:	13 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	130,647	37.9700 GBP	37.8900 GBP
1p ordinary	SALES	106,439	37.9700 GBP	37.8900 GBP
1p ordinary	SALES	2,824	46.0572 USD	46.0572 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	80	37.9124 GBP
1p ordinary	CFD	increasing a long position	38	37.9300 GBP
1p ordinary	CFD	increasing a long position	949	37.9400 GBP
1p ordinary	CFD	increasing a long position	425	37.9400 GBP
1p ordinary	CFD	increasing a long position	1,944	37.9435 GBP
1p ordinary	CFD	increasing a short position	892	37.9400 GBP
1p ordinary	CFD	increasing a short position	255	37.9400 GBP
1p ordinary	CFD	increasing a short position	1,712	37.9400 GBP
1p ordinary	CFD	increasing a short position	112	37.9404 GBP
1p ordinary	CFD	increasing a short position	91	37.9411 GBP
1p ordinary	CFD	increasing a short position	2	37.9500 GBP
1p ordinary	CFD	increasing a short position	8,758	37.9507 GBP
1p ordinary	CFD	increasing a short position	20,000	37.9590 GBP
1p ordinary	CFD	increasing a short position	372	37.9600 GBP
1p ordinary	CFD	reducing a long position	425	37.9200 GBP
1p ordinary	CFD	reducing a long position	1,108	37.9407 GBP
1p ordinary	CFD	reducing a long position	51	37.9416 GBP
1p ordinary	CFD	reducing a long position	9,651	37.9444 GBP
1p ordinary	CFD	reducing a short position	1,557	37.9200 GBP
1p ordinary	CFD	reducing a short position	75	37.9200 GBP
1p ordinary	CFD	reducing a short position	956	37.9310 GBP
1p ordinary	CFD	reducing a short position	798	37.9393 GBP
1p ordinary	CFD	reducing a short position	965	37.9393 GBP
1p ordinary	CFD	reducing a short position	549	37.9400 GBP
1p ordinary	CFD	reducing a short position	180	37.9400 GBP
1p ordinary	CFD	reducing a short position	2,824	37.9600 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:	17 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