Form 8.5 (EPT/RI)-Replacement of Dechra

Morgan Stanley & Co. Int'l plc

14 November 2023

 

AMENDMENT(2(a), 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:	05 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	41,019	38.0000 GBP	37.8000 GBP
1p ordinary	PURCHASES	152,709	38.0028 GBP	37.9000 GBP
1p ordinary	SALES	959	46.1875 USD	46.1875 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	3	37.8000 GBP
1p ordinary	CFD	increasing a long position	312	37.9388 GBP
1p ordinary	CFD	increasing a long position	2,526	37.9600 GBP
1p ordinary	CFD	increasing a long position	927	37.9789 GBP
1p ordinary	CFD	increasing a long position	118	38.0000 GBP
1p ordinary	CFD	increasing a short position	380	37.9000 GBP
1p ordinary	CFD	increasing a short position	638	37.9600 GBP
1p ordinary	CFD	increasing a short position	30,000	37.9728 GBP
1p ordinary	CFD	increasing a short position	21,000	37.9734 GBP
1p ordinary	CFD	increasing a short position	11,000	37.9734 GBP
1p ordinary	CFD	increasing a short position	14,000	37.9734 GBP
1p ordinary	CFD	increasing a short position	1,450	37.9864 GBP
1p ordinary	CFD	increasing a short position	2,735	37.9887 GBP
1p ordinary	CFD	increasing a short position	17,070	38.0028 GBP
1p ordinary	CFD	reducing a long position	453	37.9600 GBP
1p ordinary	CFD	reducing a long position	80	37.9600 GBP
1p ordinary	CFD	reducing a long position	1,496	37.9600 GBP
1p ordinary	CFD	reducing a long position	3,571	37.9600 GBP
1p ordinary	CFD	reducing a long position	3,354	37.9695 GBP
1p ordinary	CFD	reducing a long position	6	37.9800 GBP
1p ordinary	CFD	reducing a long position	167	37.9801 GBP
1p ordinary	CFD	reducing a long position	3,571	37.9864 GBP
1p ordinary	CFD	reducing a long position	1	37.9900 GBP
1p ordinary	CFD	reducing a long position	46	38.0000 GBP
1p ordinary	CFD	reducing a short position	959	37.9600 GBP
1p ordinary	CFD	reducing a short position	4	37.9750 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:	14 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