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:

+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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