Form 8.5 (EPT/RI)-Dechra Pharmaceuticals plc

Morgan Stanley & Co. Int'l plc
20 November 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:

17 November 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

128,033

38.2800 GBP

37.6800 GBP

1p ordinary

SALES

127,091

38.3084 GBP

37.6800 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

588

37.9557 GBP

1p ordinary

CFD

increasing a long position

948

38.1449 GBP

1p ordinary

CFD

increasing a long position

205

38.2200 GBP

1p ordinary

CFD

increasing a short position

108

37.7800 GBP

1p ordinary

CFD

increasing a short position

17

37.8819 GBP

1p ordinary

CFD

increasing a short position

690

37.9400 GBP

1p ordinary

CFD

increasing a short position

2,782

38.0963 GBP

1p ordinary

CFD

increasing a short position

86

38.2291 GBP

1p ordinary

CFD

increasing a short position

5,683

38.2291 GBP

1p ordinary

CFD

increasing a short position

3,720

38.2291 GBP

1p ordinary

CFD

increasing a short position

9,310

38.2291 GBP

1p ordinary

CFD

increasing a short position

1,722

38.2291 GBP

1p ordinary

CFD

increasing a short position

4,891

38.2291 GBP

1p ordinary

CFD

increasing a short position

5,428

38.2575 GBP

1p ordinary

CFD

reducing a long position

8,075

37.7903 GBP

1p ordinary

CFD

reducing a long position

16

37.9056 GBP

1p ordinary

CFD

reducing a long position

589

37.9316 GBP

1p ordinary

CFD

reducing a long position

120

38.0213 GBP

1p ordinary

CFD

reducing a long position

23

38.0430 GBP

1p ordinary

CFD

reducing a long position

719

38.1095 GBP

1p ordinary

CFD

reducing a long position

948

38.2200 GBP

1p ordinary

CFD

reducing a long position

78

38.2200 GBP

1p ordinary

CFD

reducing a long position

588

38.2200 GBP

1p ordinary

CFD

reducing a long position

617

38.2200 GBP

1p ordinary

CFD

reducing a long position

94

38.2200 GBP

1p ordinary

CFD

reducing a long position

212

38.2200 GBP

1p ordinary

CFD

reducing a long position

9

38.2733 GBP

1p ordinary

CFD

reducing a short position

47

37.8800 GBP

1p ordinary

CFD

reducing a short position

17

38.1449 GBP

1p ordinary

CFD

reducing a short position

349

38.2200 GBP

1p ordinary

CFD

reducing a short position

20,000

38.2943 GBP

1p ordinary

CFD

reducing a short position

1,118

38.3000 GBP

1p ordinary

CFD

reducing a short position

3,199

38.3000 GBP

1p ordinary

CFD

reducing a short position

17

38.3000 GBP

1p ordinary

CFD

reducing a short position

732

38.3000 GBP

1p ordinary

CFD

reducing a short position

962

38.3000 GBP

1p ordinary

CFD

reducing a short position

5,428

38.3000 GBP

1p ordinary

CFD

reducing a short position

1,832

38.3000 GBP

1p ordinary

CFD

reducing a short position

339

38.3000 GBP

1p ordinary

CFD

reducing a short position

2,956

38.3099 GBP

1p ordinary

CFD

reducing a short position

1,369

38.3099 GBP

1p ordinary

CFD

reducing a short position

3,887

38.3099 GBP

1p ordinary

CFD

reducing a short position

7,397

38.3099 GBP

1p ordinary

CFD

reducing a short position

4,516

38.3099 GBP

1p ordinary

CFD

reducing a short position

68

38.3099 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:

20 November 2023

Contact name:

Craig Horsley

Telephone number:

+44 141 245-7736

 

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 +44 (0)20 7638 0129.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

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