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:	[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