Form 8.5 (EPT/RI)- Replacement of Dechra

Morgan Stanley & Co. Int'l plc

17 November 2023

 

AMENDMENT(2(a))

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:	15 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	363,971	37.9000 GBP	37.7520 GBP
1p ordinary	SALES	180,599	37.9400 GBP	37.7800 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	123	37.7899 GBP
1p ordinary	CFD	increasing a long position	103	37.7899 GBP
1p ordinary	CFD	increasing a long position	147	37.8282 GBP
1p ordinary	CFD	increasing a long position	2,054	37.8370 GBP
1p ordinary	CFD	increasing a long position	263	37.8400 GBP
1p ordinary	CFD	increasing a long position	218	37.8400 GBP
1p ordinary	CFD	increasing a short position	1,832	37.8000 GBP
1p ordinary	CFD	increasing a short position	962	37.8000 GBP
1p ordinary	CFD	increasing a short position	732	37.8000 GBP
1p ordinary	CFD	increasing a short position	339	37.8000 GBP
1p ordinary	CFD	increasing a short position	17	37.8000 GBP
1p ordinary	CFD	increasing a short position	1,118	37.8000 GBP
1p ordinary	CFD	increasing a short position	170,249	37.8400 GBP
1p ordinary	CFD	increasing a short position	956	37.8600 GBP
1p ordinary	CFD	increasing a short position	121	37.8600 GBP
1p ordinary	CFD	increasing a short position	1,126	37.8754 GBP
1p ordinary	CFD	reducing a long position	48	37.8075 GBP
1p ordinary	CFD	reducing a long position	17	37.8165 GBP
1p ordinary	CFD	reducing a long position	114	37.8200 GBP
1p ordinary	CFD	reducing a long position	641	37.8299 GBP
1p ordinary	CFD	reducing a long position	1,511	37.8315 GBP
1p ordinary	CFD	reducing a long position	101	37.8321 GBP
1p ordinary	CFD	reducing a long position	35	37.8337 GBP
1p ordinary	CFD	reducing a long position	194	37.8400 GBP
1p ordinary	CFD	reducing a long position	2,054	37.8400 GBP
1p ordinary	CFD	reducing a short position	1,158	37.7855 GBP
1p ordinary	CFD	reducing a short position	793	37.8087 GBP
1p ordinary	CFD	reducing a short position	719	37.8087 GBP
1p ordinary	CFD	reducing a short position	30,412	37.8087 GBP
1p ordinary	CFD	reducing a short position	1,139	37.8087 GBP
1p ordinary	CFD	reducing a short position	10	37.8087 GBP
1p ordinary	CFD	reducing a short position	999	37.8406 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:	17 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