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

Full name of discloser:				Barclays PLC.
Owner or controller of interest and short
positions disclosed, if different from 1(a):
Name of offeror/offeree in relation to whose				NATIONAL EXPRESS GROUP PLC
relevant securities this form relates:
If an exempt fund manager connected with an
offeror/offeree, state this and specify identity of
offeror/offeree:
Date position held/dealing undertaken:				26 October 2021
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:		1,663,901	0.27%	5,102,610	0.83%
(2)	Cash-settled derivatives:
			4,648,587	0.76%	1,433,118	0.23%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:		0	0.00%	0	0.00%
	TOTAL:		6,312,488	1.03%	6,535,728	1.06%

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		471		2.3224 GBP
5p ordinary		Purchase		1,481		2.3420 GBP
5p ordinary		Purchase		2,500		2.2630 GBP
5p ordinary		Purchase		4,412		2.3212 GBP
5p ordinary		Purchase		4,653		2.3227 GBP
5p ordinary		Purchase		5,069		2.3500 GBP
5p ordinary		Purchase		5,129		2.3226 GBP
5p ordinary		Purchase		16,155		2.3220 GBP
5p ordinary		Purchase		52,931		2.3176 GBP
5p ordinary		Purchase		85,817		2.3231 GBP
5p ordinary		Sale		119		2.3410 GBP
5p ordinary		Sale		166		2.3300 GBP
5p ordinary		Sale		258		2.3280 GBP
5p ordinary		Sale		397		2.3343 GBP
5p ordinary		Sale		471		2.2990 GBP
5p ordinary		Sale		992		2.3104 GBP
5p ordinary		Sale		1,072		2.3252 GBP
5p ordinary		Sale		1,262		2.3177 GBP
5p ordinary		Sale		1,440		2.3245 GBP
5p ordinary		Sale		1,651		2.3323 GBP
5p ordinary		Sale		2,133		2.3218 GBP
5p ordinary		Sale		2,479		2.3220 GBP
5p ordinary		Sale		2,500		2.2630 GBP
5p ordinary		Sale		3,377		2.3284 GBP
5p ordinary		Sale		3,426		2.3428 GBP
5p ordinary		Sale		4,000		2.3279 GBP
5p ordinary		Sale		6,479		2.3207 GBP
5p ordinary		Sale		7,353		2.3216 GBP
5p ordinary		Sale		7,417		2.3232 GBP
5p ordinary		Sale		9,379		2.3283 GBP
5p ordinary		Sale		14,009		2.3219 GBP
5p ordinary		Sale		21,692		2.3259 GBP
5p ordinary		Sale		21,946		2.3301 GBP
5p ordinary		Sale		23,858		2.3295 GBP
5p ordinary		Sale		45,034		2.3227 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	2.3317 GBP
5p ordinary		SWAP		Long		18	2.3127 GBP
5p ordinary		SWAP		Long		21	2.3329 GBP
5p ordinary		SWAP		Long		23	2.3075 GBP
5p ordinary		SWAP		Long		28	2.3414 GBP
5p ordinary		SWAP		Long		31	2.2977 GBP
5p ordinary		SWAP		Long		55	2.3097 GBP
5p ordinary		SWAP		Long		59	2.3435 GBP
5p ordinary		SWAP		Long		84	2.2993 GBP
5p ordinary		SWAP		Long		137	2.2990 GBP
5p ordinary		SWAP		Long		138	2.3282 GBP
5p ordinary		SWAP		Long		146	2.3059 GBP
5p ordinary		SWAP		Long		147	2.3119 GBP
5p ordinary		SWAP		Long		166	2.3427 GBP
5p ordinary		SWAP		Long		195	2.3330 GBP
5p ordinary		SWAP		Long		204	2.3324 GBP
5p ordinary		SWAP		Long		218	2.2988 GBP
5p ordinary		SWAP		Long		230	2.3111 GBP
5p ordinary		SWAP		Long		245	2.3411 GBP
5p ordinary		SWAP		Long		266	2.3303 GBP
5p ordinary		SWAP		Long		291	2.3292 GBP
5p ordinary		SWAP		Long		373	2.3113 GBP
5p ordinary		SWAP		Long		402	2.3299 GBP
5p ordinary		SWAP		Long		407	2.3246 GBP
5p ordinary		SWAP		Long		600	2.3285 GBP
5p ordinary		SWAP		Long		609	2.3430 GBP
5p ordinary		SWAP		Long		950	2.3278 GBP
5p ordinary		SWAP		Long		1,082	2.3258 GBP
5p ordinary		SWAP		Long		1,227	2.3295 GBP
5p ordinary		SWAP		Long		1,416	2.3325 GBP
5p ordinary		SWAP		Long		1,440	2.3245 GBP
5p ordinary		SWAP		Long		1,451	2.3280 GBP
5p ordinary		SWAP		Long		1,876	2.3302 GBP
5p ordinary		SWAP		Long		1,930	2.3290 GBP
5p ordinary		SWAP		Long		2,319	2.3429 GBP
5p ordinary		SWAP		Long		3,751	2.3301 GBP
5p ordinary		SWAP		Long		3,861	2.3261 GBP
5p ordinary		SWAP		Long		4,174	2.3279 GBP
5p ordinary		SWAP		Long		5,533	2.3249 GBP
5p ordinary		CFD		Long		7,417	2.3232 GBP
5p ordinary		SWAP		Long		8,128	2.3323 GBP
5p ordinary		SWAP		Long		9,189	2.3253 GBP
5p ordinary		SWAP		Long		9,241	2.3283 GBP
5p ordinary		SWAP		Long		9,738	2.3220 GBP
5p ordinary		SWAP		Long		10,684	2.3093 GBP
5p ordinary		SWAP		Long		13,149	2.3207 GBP
5p ordinary		SWAP		Long		14,009	2.3219 GBP
5p ordinary		SWAP		Long		14,670	2.3297 GBP
5p ordinary		SWAP		Long		15,651	2.3300 GBP
5p ordinary		SWAP		Long		20,410	2.3296 GBP
5p ordinary		CFD		Short		21	2.3223 GBP
5p ordinary		SWAP		Short		88	2.3064 GBP
5p ordinary		CFD		Short		450	2.3224 GBP
5p ordinary		SWAP		Short		1,183	2.3192 GBP
5p ordinary		SWAP		Short		1,280	2.3011 GBP
5p ordinary		CFD		Short		1,543	2.3412 GBP
5p ordinary		SWAP		Short		1,761	2.3084 GBP
5p ordinary		SWAP		Short		4,969	2.3226 GBP
5p ordinary		SWAP		Short		7,272	2.3219 GBP
5p ordinary		SWAP		Short		9,301	2.3220 GBP
5p ordinary		SWAP		Short		12,515	2.3176 GBP
5p ordinary		CFD		Short		13,830	2.3220 GBP
5p ordinary		CFD		Short		34,148	2.3221 GBP
5p ordinary		SWAP		Short		37,324	2.3292 GBP
5p ordinary		SWAP		Short		38,567	2.3180 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:				27 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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