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:				23 November 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:		921,152	0.15%	6,674,141	1.09%
(2)	Cash-settled derivatives:
			6,384,820	1.04%	757,344	0.12%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:		0	0.00%	0	0.00%
	TOTAL:		7,305,972	1.19%	7,431,485	1.21%

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		43		2.1773 GBP
5p ordinary		Purchase		218		2.2229 GBP
5p ordinary		Purchase		855		2.1977 GBP
5p ordinary		Purchase		940		2.1806 GBP
5p ordinary		Purchase		1,235		2.2039 GBP
5p ordinary		Purchase		1,239		2.1827 GBP
5p ordinary		Purchase		1,417		2.1855 GBP
5p ordinary		Purchase		2,540		2.2198 GBP
5p ordinary		Purchase		3,145		2.1833 GBP
5p ordinary		Purchase		3,280		2.2080 GBP
5p ordinary		Purchase		3,415		2.1868 GBP
5p ordinary		Purchase		4,824		2.1861 GBP
5p ordinary		Purchase		5,330		2.2062 GBP
5p ordinary		Purchase		5,489		2.1728 GBP
5p ordinary		Purchase		6,595		2.1825 GBP
5p ordinary		Purchase		6,693		2.1760 GBP
5p ordinary		Purchase		7,491		2.2032 GBP
5p ordinary		Purchase		9,657		2.2060 GBP
5p ordinary		Purchase		19,218		2.1960 GBP
5p ordinary		Purchase		22,930		2.2058 GBP
5p ordinary		Purchase		70,441		2.2038 GBP
5p ordinary		Sale		207		2.1800 GBP
5p ordinary		Sale		210		2.1960 GBP
5p ordinary		Sale		218		2.2230 GBP
5p ordinary		Sale		901		2.1852 GBP
5p ordinary		Sale		942		2.1849 GBP
5p ordinary		Sale		1,019		2.1760 GBP
5p ordinary		Sale		1,587		2.2017 GBP
5p ordinary		Sale		1,779		2.1931 GBP
5p ordinary		Sale		2,097		2.1740 GBP
5p ordinary		Sale		3,564		2.1989 GBP
5p ordinary		Sale		6,772		2.1860 GBP
5p ordinary		Sale		9,808		2.1799 GBP
5p ordinary		Sale		16,751		2.1801 GBP
5p ordinary		Sale		22,930		2.2060 GBP
5p ordinary		Sale		66,338		2.1995 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		104	2.1800 GBP
5p ordinary		SWAP		Long		119	2.1798 GBP
5p ordinary		CFD		Long		210	2.1960 GBP
5p ordinary		SWAP		Long		365	2.1900 GBP
5p ordinary		SWAP		Long		536	2.1819 GBP
5p ordinary		SWAP		Long		942	2.1849 GBP
5p ordinary		SWAP		Long		1,587	2.2017 GBP
5p ordinary		SWAP		Long		6,772	2.1860 GBP
5p ordinary		SWAP		Long		18,744	2.1794 GBP
5p ordinary		SWAP		Long		66,338	2.1995 GBP
5p ordinary		SWAP		Short		5	2.1772 GBP
5p ordinary		SWAP		Short		38	2.1773 GBP
5p ordinary		SWAP		Short		100	2.1940 GBP
5p ordinary		SWAP		Short		107	2.1978 GBP
5p ordinary		SWAP		Short		748	2.1977 GBP
5p ordinary		SWAP		Short		1,235	2.2039 GBP
5p ordinary		SWAP		Short		1,417	2.1855 GBP
5p ordinary		SWAP		Short		2,565	2.2087 GBP
5p ordinary		SWAP		Short		3,415	2.1868 GBP
5p ordinary		SWAP		Short		5,343	2.1877 GBP
5p ordinary		CFD		Short		6,250	2.2060 GBP
5p ordinary		SWAP		Short		13,875	2.1991 GBP
5p ordinary		CFD		Short		19,117	2.1799 GBP
5p ordinary		SWAP		Short		22,954	2.2038 GBP
5p ordinary		SWAP		Short		23,877	2.2069 GBP
5p ordinary		SWAP		Short		39,586	2.2032 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:				24 Nov 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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