FORM 8.3 – MARSTON'S PLC

FORM 8.3 – MARSTON'S PLC

BARCLAYS PLC

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the “Code”)

1. KEY INFORMATION

(a)	Full name of discloser:	Barclays PLC.
(b)	Owner or controller of interest and short
	positions disclosed, if different from 1(a):
(c)	Name of offeror/offeree in relation to whose	MARSTON'S PLC
	relevant securities this form relates:
(d)	If an exempt fund manager connected with an
	offeror/offeree, state this and specify identity of
	offeror/offeree:
(e)	Date position held/dealing undertaken:	08 February 2021
(f)	In addition to the company in 1(c) above, is the discloser making	NO
	disclosures in respect of any other party to the offer?

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:		7.375p ordinary
		Interests		Short Positions
		Number	(%)	Number	(%)
(1)	Relevant securities owned
	and/or controlled:	4,651,281	0.73%	9,056,355	1.43%
(2)	Cash-settled derivatives:
		5,658,603	0.89%	1,236,213	0.19%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:	0	0.00%	0	0.00%
	TOTAL:	10,309,884	1.63%	10,292,568	1.62%

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors’ and other employee options)

Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:

3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(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	Purchase/sale	Number of	Price per unit
security		securities
7.375p ordinary	Purchase	1,087	1.0027 GBP
7.375p ordinary	Purchase	3,834	0.9962 GBP
7.375p ordinary	Purchase	7,723	1.0081 GBP
7.375p ordinary	Purchase	8,417	0.9944 GBP
7.375p ordinary	Purchase	18,677	0.9936 GBP
7.375p ordinary	Purchase	18,942	0.9951 GBP
7.375p ordinary	Purchase	21,556	0.9950 GBP
7.375p ordinary	Purchase	23,654	0.9973 GBP
7.375p ordinary	Purchase	38,063	0.9923 GBP
7.375p ordinary	Purchase	55,417	0.9940 GBP
7.375p ordinary	Purchase	56,241	0.9935 GBP
7.375p ordinary	Purchase	89,278	0.9957 GBP
7.375p ordinary	Purchase	522,983	1.0000 GBP
7.375p ordinary	Sale	30	0.9930 GBP
7.375p ordinary	Sale	434	0.9953 GBP
7.375p ordinary	Sale	4,034	0.9973 GBP
7.375p ordinary	Sale	4,426	0.9960 GBP
7.375p ordinary	Sale	5,021	0.9895 GBP
7.375p ordinary	Sale	11,153	0.9955 GBP
7.375p ordinary	Sale	16,335	0.9983 GBP
7.375p ordinary	Sale	29,141	0.9991 GBP
7.375p ordinary	Sale	33,996	0.9962 GBP
7.375p ordinary	Sale	65,733	0.9940 GBP
7.375p ordinary	Sale	67,071	0.9984 GBP
7.375p ordinary	Sale	172,452	0.9945 GBP
7.375p ordinary	Sale	236,768	0.9935 GBP
7.375p ordinary	Sale	522,973	1.0000 GBP

(b) Cash-settled derivative transactions

Class of	Product	Nature of dealing	Number of	Price per
relevant	description		reference	unit
security			securities
7.375p ordinary	SWAP	Long	591	0.9948 GBP
7.375p ordinary	SWAP	Long	852	0.9940 GBP
7.375p ordinary	SWAP	Long	3,652	0.9911 GBP
7.375p ordinary	CFD	Long	7,451	0.9968 GBP
7.375p ordinary	CFD	Long	26,156	0.9913 GBP
7.375p ordinary	CFD	Long	29,141	0.9991 GBP
7.375p ordinary	CFD	Long	33,996	0.9962 GBP
7.375p ordinary	CFD	Long	38,990	0.9939 GBP
7.375p ordinary	SWAP	Long	44,467	0.9946 GBP
7.375p ordinary	CFD	Long	67,071	0.9984 GBP
7.375p ordinary	SWAP	Long	123,533	0.9934 GBP
7.375p ordinary	CFD	Long	172,452	0.9945 GBP
7.375p ordinary	CFD	Long	522,973	1.0000 GBP
7.375p ordinary	SWAP	Short	9	1.0070 GBP
7.375p ordinary	SWAP	Short	20	1.0042 GBP
7.375p ordinary	SWAP	Short	79	0.9945 GBP
7.375p ordinary	SWAP	Short	89	1.0068 GBP
7.375p ordinary	SWAP	Short	96	0.9943 GBP
7.375p ordinary	SWAP	Short	164	1.0087 GBP
7.375p ordinary	SWAP	Short	199	0.9954 GBP
7.375p ordinary	SWAP	Short	466	1.0005 GBP
7.375p ordinary	SWAP	Short	592	1.0043 GBP
7.375p ordinary	SWAP	Short	658	0.9923 GBP
7.375p ordinary	CFD	Short	1,681	0.9876 GBP
7.375p ordinary	SWAP	Short	1,796	0.9935 GBP
7.375p ordinary	SWAP	Short	2,768	1.0069 GBP
7.375p ordinary	SWAP	Short	3,348	0.9934 GBP
7.375p ordinary	SWAP	Short	4,702	1.0088 GBP
7.375p ordinary	SWAP	Short	8,345	0.9944 GBP
7.375p ordinary	SWAP	Short	8,804	0.9946 GBP
7.375p ordinary	SWAP	Short	12,608	0.9952 GBP
7.375p ordinary	SWAP	Short	13,375	0.9936 GBP
7.375p ordinary	SWAP	Short	18,942	0.9951 GBP
7.375p ordinary	SWAP	Short	22,735	0.9940 GBP
7.375p ordinary	SWAP	Short	24,688	0.9939 GBP
7.375p ordinary	SWAP	Short	30,895	0.9933 GBP
7.375p ordinary	SWAP	Short	87,597	0.9959 GBP
7.375p ordinary	CFD	Short	522,983	1.0000 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

(ii) Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit

(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)

4. 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 person 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 person 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

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?	NO
Date of disclosure:	9 Feb 2021
Contact name:	Large Holdings Regulatory Operations
Telephone number:	020 3134 7213

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 disclosure requirements on [phone].

*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel’s Market Surveillance Unit.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

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