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:				24 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:		1,917,257	0.31%	4,568,882	0.74%
(2)	Cash-settled derivatives:
			4,039,713	0.66%	1,483,697	0.24%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:		0	0.00%	0	0.00%
	TOTAL:		5,956,970	0.97%	6,052,579	0.99%

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		34		2.4802 GBP
5p ordinary		Purchase		216		2.3800 GBP
5p ordinary		Purchase		431		2.4120 GBP
5p ordinary		Purchase		706		2.3900 GBP
5p ordinary		Purchase		891		2.4042 GBP
5p ordinary		Purchase		930		2.4220 GBP
5p ordinary		Purchase		1,071		2.4282 GBP
5p ordinary		Purchase		1,251		2.4101 GBP
5p ordinary		Purchase		1,276		2.4100 GBP
5p ordinary		Purchase		1,623		2.4247 GBP
5p ordinary		Purchase		2,449		2.4565 GBP
5p ordinary		Purchase		3,645		2.3760 GBP
5p ordinary		Purchase		5,018		2.4134 GBP
5p ordinary		Purchase		8,034		2.3969 GBP
5p ordinary		Purchase		8,118		2.4526 GBP
5p ordinary		Purchase		8,794		2.4798 GBP
5p ordinary		Purchase		21,765		2.4800 GBP
5p ordinary		Purchase		24,254		2.4107 GBP
5p ordinary		Sale		216		2.3800 GBP
5p ordinary		Sale		235		2.4278 GBP
5p ordinary		Sale		313		2.4080 GBP
5p ordinary		Sale		457		2.4060 GBP
5p ordinary		Sale		962		2.4119 GBP
5p ordinary		Sale		1,581		2.4619 GBP
5p ordinary		Sale		1,959		2.3803 GBP
5p ordinary		Sale		2,045		2.3760 GBP
5p ordinary		Sale		2,344		2.4444 GBP
5p ordinary		Sale		3,187		2.4415 GBP
5p ordinary		Sale		9,251		2.4759 GBP
5p ordinary		Sale		9,494		2.4203 GBP
5p ordinary		Sale		12,378		2.4181 GBP
5p ordinary		Sale		16,417		2.4270 GBP
5p ordinary		Sale		16,429		2.4520 GBP
5p ordinary		Sale		21,852		2.4218 GBP
5p ordinary		Sale		23,240		2.4800 GBP
5p ordinary		Sale		41,142		2.4625 GBP
5p ordinary		Sale		398,606		2.4747 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		4,164	2.3839 GBP
5p ordinary		CFD		Long		5,733	2.4800 GBP
5p ordinary		SWAP		Long		7,197	2.4479 GBP
5p ordinary		SWAP		Long		9,232	2.4551 GBP
5p ordinary		SWAP		Long		12,749	2.4538 GBP
5p ordinary		SWAP		Long		13,467	2.4799 GBP
5p ordinary		SWAP		Long		14,926	2.4542 GBP
5p ordinary		SWAP		Long		63,506	2.4642 GBP
5p ordinary		SWAP		Long		63,904	2.4628 GBP
5p ordinary		SWAP		Long		149,563	2.4678 GBP
5p ordinary		CFD		Long		155,758	2.4798 GBP
5p ordinary		CFD		Short		34	2.4802 GBP
5p ordinary		SWAP		Short		1,355	2.3748 GBP
5p ordinary		SWAP		Short		2,623	2.4086 GBP
5p ordinary		CFD		Short		5,018	2.4003 GBP
5p ordinary		SWAP		Short		6,680	2.4047 GBP
5p ordinary		CFD		Short		7,727	2.4800 GBP
5p ordinary		SWAP		Short		8,198	2.4043 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 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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