Form 8.3 - NATIONAL EXPRESS GROUP PLC

Form 8.3 - NATIONAL EXPRESS GROUP 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				NATIONAL EXPRESS GROUP 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:				21 September 2021
(f)	In addition to the company in 1(c) above, is the discloser making				YES:
	disclosures in respect of any other party to the offer?				STAGECOACH GROUP PLC

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:			5p ordinary
			Interests		Short Positions
			Number	(%)	Number	(%)
(1)	Relevant securities owned
	and/or controlled:		2,766,164	0.45%	4,505,776	0.73%
(2)	Cash-settled derivatives:
			3,750,152	0.61%	1,961,114	0.32%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:		0	0.00%	0	0.00%
	TOTAL:		6,516,316	1.06%	6,466,890	1.05%

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
5p ordinary		Purchase		212		2.4220 GBP
5p ordinary		Purchase		659		2.4103 GBP
5p ordinary		Purchase		4,849		2.3340 GBP
5p ordinary		Purchase		5,342		2.3786 GBP
5p ordinary		Purchase		5,591		2.3998 GBP
5p ordinary		Purchase		6,638		2.4373 GBP
5p ordinary		Purchase		6,648		2.4200 GBP
5p ordinary		Purchase		6,904		2.3337 GBP
5p ordinary		Purchase		7,409		2.4136 GBP
5p ordinary		Purchase		8,301		2.4048 GBP
5p ordinary		Purchase		8,974		2.4211 GBP
5p ordinary		Purchase		10,000		2.3480 GBP
5p ordinary		Purchase		10,620		2.4028 GBP
5p ordinary		Purchase		11,573		2.4061 GBP
5p ordinary		Purchase		17,500		2.4129 GBP
5p ordinary		Purchase		17,929		2.4299 GBP
5p ordinary		Purchase		23,076		2.4134 GBP
5p ordinary		Purchase		30,939		2.4119 GBP
5p ordinary		Purchase		138,193		2.4000 GBP
5p ordinary		Purchase		381,750		2.4024 GBP
5p ordinary		Sale		294		2.4100 GBP
5p ordinary		Sale		500		2.3920 GBP
5p ordinary		Sale		612		2.4301 GBP
5p ordinary		Sale		871		2.4131 GBP
5p ordinary		Sale		2,055		2.3330 GBP
5p ordinary		Sale		2,876		2.3931 GBP
5p ordinary		Sale		3,066		2.3566 GBP
5p ordinary		Sale		3,426		2.4193 GBP
5p ordinary		Sale		4,849		2.3340 GBP
5p ordinary		Sale		4,849		2.3341 GBP
5p ordinary		Sale		7,147		2.3897 GBP
5p ordinary		Sale		7,414		2.4189 GBP
5p ordinary		Sale		18,129		2.4208 GBP
5p ordinary		Sale		25,591		2.4000 GBP
5p ordinary		Sale		47,248		2.4197 GBP
5p ordinary		Sale		112,325		2.4093 GBP
5p ordinary		Sale		144,325		2.4090 GBP

(b) Cash-settled derivative transactions

Class of		Product		Nature of dealing		Number of	Price per
relevant		description				reference	unit
security						securities
5p ordinary		CFD		Long		21	2.4195 GBP
5p ordinary		SWAP		Long		1,824	2.2800 GBP
5p ordinary		CFD		Long		3,405	2.4193 GBP
5p ordinary		SWAP		Long		7,940	2.3999 GBP
5p ordinary		SWAP		Long		8,134	2.4239 GBP
5p ordinary		SWAP		Long		9,995	2.4183 GBP
5p ordinary		SWAP		Long		11,649	2.4176 GBP
5p ordinary		CFD		Long		19,458	2.3659 GBP
5p ordinary		SWAP		Long		20,000	2.3997 GBP
5p ordinary		SWAP		Long		27,659	2.4263 GBP
5p ordinary		SWAP		Long		35,964	2.4070 GBP
5p ordinary		SWAP		Long		107,582	2.4171 GBP
5p ordinary		SWAP		Short		369	2.3960 GBP
5p ordinary		SWAP		Short		2,869	2.4057 GBP
5p ordinary		SWAP		Short		3,382	2.3895 GBP
5p ordinary		SWAP		Short		6,269	2.4397 GBP
5p ordinary		CFD		Short		7,041	2.4433 GBP
5p ordinary		CFD		Short		7,409	2.4136 GBP
5p ordinary		SWAP		Short		9,298	2.4009 GBP
5p ordinary		SWAP		Short		10,000	2.3482 GBP
5p ordinary		SWAP		Short		14,547	2.4393 GBP
5p ordinary		SWAP		Short		17,500	2.4129 GBP
5p ordinary		CFD		Short		21,906	2.4175 GBP
5p ordinary		SWAP		Short		36,445	2.3988 GBP
5p ordinary		SWAP		Short		39,384	2.4215 GBP
5p ordinary		CFD		Short		55,733	2.4001 GBP
5p ordinary		SWAP		Short		112,195	2.4025 GBP
5p ordinary		SWAP		Short		122,292	2.3990 GBP
5p ordinary		CFD		Short		131,730	2.4000 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:				22 Sep 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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