Form 8.5 (EPT/RI) - Dechra Pharmaceuticals plc

Morgan Stanley & Co. Int'l plc

22 December 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:	21 December 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	51,623	38.4400 GBP	38.3400 GBP
1p ordinary	PURCHASES	99,496	38.4977 GBP	38.3956 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	10,772	38.4008 GBP
1p ordinary	CFD	increasing a long position	4,400	38.4090 GBP
1p ordinary	CFD	increasing a long position	855	38.4123 GBP
1p ordinary	CFD	increasing a long position	1,949	38.4134 GBP
1p ordinary	CFD	increasing a long position	71	38.4165 GBP
1p ordinary	CFD	increasing a long position	1,394	38.4200 GBP
1p ordinary	CFD	increasing a long position	7	38.4200 GBP
1p ordinary	CFD	increasing a long position	13,712	38.4208 GBP
1p ordinary	CFD	increasing a short position	5,539	38.4000 GBP
1p ordinary	CFD	increasing a short position	11,024	38.4000 GBP
1p ordinary	CFD	increasing a short position	30,414	38.4000 GBP
1p ordinary	CFD	increasing a short position	1,360	38.4019 GBP
1p ordinary	CFD	increasing a short position	49	38.4116 GBP
1p ordinary	CFD	increasing a short position	1	38.4158 GBP
1p ordinary	CFD	increasing a short position	315	38.4172 GBP
1p ordinary	CFD	increasing a short position	1,951	38.4199 GBP
1p ordinary	CFD	increasing a short position	38	38.4199 GBP
1p ordinary	CFD	increasing a short position	1,079	38.4200 GBP
1p ordinary	CFD	increasing a short position	3,881	38.4200 GBP
1p ordinary	CFD	increasing a short position	5,866	38.4200 GBP
1p ordinary	CFD	increasing a short position	2,947	38.4200 GBP
1p ordinary	CFD	increasing a short position	167	38.4200 GBP
1p ordinary	CFD	increasing a short position	16,187	38.4200 GBP
1p ordinary	CFD	increasing a long position	90,000	38.3735 GBP
1p ordinary	CFD	increasing a long position	341	38.4072 GBP
1p ordinary	CFD	increasing a short position	116	38.4977 GBP
1p ordinary	CFD	increasing a short position	1,655	38.4977 GBP
1p ordinary	CFD	increasing a short position	755	38.4977 GBP
1p ordinary	CFD	increasing a short position	64	38.4977 GBP
1p ordinary	CFD	increasing a short position	886	38.4977 GBP
1p ordinary	CFD	reducing a long position	61	38.4115 GBP
1p ordinary	CFD	reducing a long position	711	38.4200 GBP
1p ordinary	CFD	reducing a long position	7	38.4200 GBP
1p ordinary	CFD	reducing a short position	2,341	38.3420 GBP
1p ordinary	CFD	reducing a short position	291	38.4000 GBP
1p ordinary	CFD	reducing a short position	16	38.4200 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:	22 December 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