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:				25 October 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:		1,691,616	0.28%	5,126,033	0.83%
(2)	Cash-settled derivatives:
			4,685,772	0.76%	1,474,441	0.24%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:		0	0.00%	0	0.00%
(4)
	TOTAL:		6,377,388	1.04%	6,600,474	1.07%

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		27		2.2420 GBP
5p ordinary		Purchase		101		2.2760 GBP
5p ordinary		Purchase		128		2.2780 GBP
5p ordinary		Purchase		138		2.2680 GBP
5p ordinary		Purchase		165		2.2784 GBP
5p ordinary		Purchase		447		2.2819 GBP
5p ordinary		Purchase		465		2.2778 GBP
5p ordinary		Purchase		519		2.2757 GBP
5p ordinary		Purchase		1,595		2.2776 GBP
5p ordinary		Purchase		1,615		2.2958 GBP
5p ordinary		Purchase		2,533		2.2715 GBP
5p ordinary		Purchase		2,593		2.2833 GBP
5p ordinary		Purchase		2,963		2.2761 GBP
5p ordinary		Purchase		3,071		2.2793 GBP
5p ordinary		Purchase		3,148		2.3000 GBP
5p ordinary		Purchase		3,673		2.2856 GBP
5p ordinary		Purchase		5,219		2.2807 GBP
5p ordinary		Purchase		9,733		2.2908 GBP
5p ordinary		Purchase		12,346		2.2900 GBP
5p ordinary		Purchase		20,643		2.2898 GBP
5p ordinary		Purchase		54,646		2.2798 GBP
5p ordinary		Sale		27		2.2420 GBP
5p ordinary		Sale		110		2.2800 GBP
5p ordinary		Sale		519		2.2820 GBP
5p ordinary		Sale		520		2.2777 GBP
5p ordinary		Sale		532		2.2770 GBP
5p ordinary		Sale		1,065		2.2614 GBP
5p ordinary		Sale		1,070		2.2760 GBP
5p ordinary		Sale		1,718		2.2954 GBP
5p ordinary		Sale		2,362		2.2718 GBP
5p ordinary		Sale		2,846		2.2901 GBP
5p ordinary		Sale		3,148		2.3000 GBP
5p ordinary		Sale		3,148		2.3002 GBP
5p ordinary		Sale		3,390		2.2794 GBP
5p ordinary		Sale		3,655		2.2900 GBP
5p ordinary		Sale		6,436		2.2793 GBP
5p ordinary		Sale		9,072		2.2714 GBP
5p ordinary		Sale		10,296		2.2709 GBP
5p ordinary		Sale		15,366		2.2970 GBP
5p ordinary		Sale		17,569		2.2787 GBP
5p ordinary		Sale		31,847		2.2897 GBP
5p ordinary		Sale		34,850		2.2712 GBP
5p ordinary		Sale		140,677		2.2837 GBP

(b) Cash-settled derivative transactions

Class of		Product		Nature of dealing		Number of	Price per
relevant		description				reference	unit
security						securities
5p ordinary		SWAP		Long		1,718	2.2954 GBP
5p ordinary		SWAP		Long		3,148	2.2997 GBP
5p ordinary		CFD		Long		3,655	2.2900 GBP
5p ordinary		CFD		Long		6,436	2.2793 GBP
5p ordinary		SWAP		Long		7,427	2.2701 GBP
5p ordinary		SWAP		Long		10,603	2.2744 GBP
5p ordinary		SWAP		Long		12,186	2.2923 GBP
5p ordinary		CFD		Long		15,294	2.2736 GBP
5p ordinary		SWAP		Long		22,664	2.2599 GBP
5p ordinary		CFD		Long		51,673	2.2898 GBP
5p ordinary		SWAP		Long		78,475	2.2803 GBP
5p ordinary		SWAP		Short		128	2.2780 GBP
5p ordinary		CFD		Short		447	2.2819 GBP
5p ordinary		SWAP		Short		519	2.2959 GBP
5p ordinary		SWAP		Short		681	2.2686 GBP
5p ordinary		SWAP		Short		2,727	2.2689 GBP
5p ordinary		SWAP		Short		3,592	2.2757 GBP
5p ordinary		CFD		Short		8,377	2.2797 GBP
5p ordinary		SWAP		Short		8,473	2.2800 GBP
5p ordinary		SWAP		Short		9,733	2.2908 GBP
5p ordinary		SWAP		Short		11,786	2.2900 GBP
5p ordinary		SWAP		Short		36,486	2.2801 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:				26 Oct 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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