Form 8.5 (EPT/RI)- Dechra Pharmaceuticals plc

Morgan Stanley & Co. Int'l plc

24 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:	23 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	SALES	69,096	37.9110 GBP	37.8000 GBP
1p ordinary	PURCHASES	44,799	37.9200 GBP	37.7987 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	143	37.8000 GBP
1p ordinary	CFD	increasing a long position	174	37.8000 GBP
1p ordinary	CFD	increasing a long position	90	37.8089 GBP
1p ordinary	CFD	increasing a long position	2,668	37.8132 GBP
1p ordinary	CFD	increasing a long position	28	37.8329 GBP
1p ordinary	CFD	increasing a long position	805	37.8429 GBP
1p ordinary	CFD	increasing a long position	437	37.8448 GBP
1p ordinary	CFD	increasing a long position	13	37.8585 GBP
1p ordinary	CFD	increasing a long position	14	37.8586 GBP
1p ordinary	CFD	increasing a long position	1,994	37.8772 GBP
1p ordinary	CFD	increasing a long position	496	37.8840 GBP
1p ordinary	CFD	increasing a short position	318	37.8000 GBP
1p ordinary	CFD	increasing a short position	7,364	37.8000 GBP
1p ordinary	CFD	increasing a short position	182	37.8400 GBP
1p ordinary	CFD	increasing a short position	292	37.8889 GBP
1p ordinary	CFD	increasing a short position	505	37.9200 GBP
1p ordinary	CFD	reducing a long position	51	37.8522 GBP
1p ordinary	CFD	reducing a short position	1,667	37.8000 GBP
1p ordinary	CFD	reducing a short position	1,254	37.8000 GBP
1p ordinary	CFD	reducing a short position	182	37.8200 GBP
1p ordinary	CFD	reducing a short position	1,430	37.8235 GBP
1p ordinary	CFD	reducing a short position	538	37.8235 GBP
1p ordinary	CFD	reducing a short position	808	37.8235 GBP
1p ordinary	CFD	reducing a short position	800	37.8235 GBP
1p ordinary	CFD	reducing a short position	2,885	37.8235 GBP
1p ordinary	CFD	reducing a short position	4,365	37.8235 GBP
1p ordinary	CFD	reducing a short position	107	37.8400 GBP
1p ordinary	CFD	reducing a short position	26	37.8604 GBP
1p ordinary	CFD	reducing a short position	39	37.8605 GBP
1p ordinary	CFD	reducing a short position	39	37.8605 GBP
1p ordinary	CFD	reducing a short position	140	37.8606 GBP
1p ordinary	CFD	reducing a short position	212	37.8606 GBP
1p ordinary	CFD	reducing a short position	70	37.8606 GBP
1p ordinary	CFD	reducing a short position	286	37.8693 GBP
1p ordinary	CFD	reducing a short position	1,144	37.8735 GBP
1p ordinary	CFD	reducing a short position	646	37.8735 GBP
1p ordinary	CFD	reducing a short position	430	37.8735 GBP
1p ordinary	CFD	reducing a short position	640	37.8735 GBP
1p ordinary	CFD	reducing a short position	2,308	37.8735 GBP
1p ordinary	CFD	reducing a short position	3,492	37.8735 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:	24 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