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 interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	NATIONAL EXPRESS GROUP PLC
(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: For an opening position disclosure, state the latest practicable date prior to the disclosure	28 Oct 2021
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state “N/A”	YES : 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:		1,665,717	0.27%	5,102,828	0.83%
(2)	Cash-settled derivatives:
			4,594,564	0.75%	1,401,062	0.23%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:		0	0.00%	0	0.00%
(4)
	TOTAL:		6,260,281	1.02%	6,503,890	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		35		2.3450 GBP
5p ordinary		Purchase		62		2.3400 GBP
5p ordinary		Purchase		199		2.3460 GBP
5p ordinary		Purchase		303		2.3350 GBP
5p ordinary		Purchase		381		2.3257 GBP
5p ordinary		Purchase		408		2.3474 GBP
5p ordinary		Purchase		475		2.3077 GBP
5p ordinary		Purchase		653		2.3377 GBP
5p ordinary		Purchase		838		2.3436 GBP
5p ordinary		Purchase		1,299		2.3500 GBP
5p ordinary		Purchase		1,535		2.3519 GBP
5p ordinary		Purchase		1,668		2.3467 GBP
5p ordinary		Purchase		1,725		2.3417 GBP
5p ordinary		Purchase		1,806		2.3418 GBP
5p ordinary		Purchase		2,184		2.3080 GBP
5p ordinary		Purchase		2,552		2.3290 GBP
5p ordinary		Purchase		2,728		2.3477 GBP
5p ordinary		Purchase		3,541		2.3430 GBP
5p ordinary		Purchase		3,873		2.3390 GBP
5p ordinary		Purchase		3,906		2.3440 GBP
5p ordinary		Purchase		4,797		2.3150 GBP
5p ordinary		Purchase		5,354		2.3402 GBP
5p ordinary		Purchase		5,492		2.3186 GBP
5p ordinary		Purchase		6,391		2.3299 GBP
5p ordinary		Purchase		12,500		2.2914 GBP
5p ordinary		Purchase		13,286		2.3480 GBP
5p ordinary		Purchase		17,066		2.3328 GBP
5p ordinary		Purchase		17,393		2.3427 GBP
5p ordinary		Purchase		70,088		2.3388 GBP
5p ordinary		Sale		99		2.3098 GBP
5p ordinary		Sale		181		2.3445 GBP
5p ordinary		Sale		268		2.3283 GBP
5p ordinary		Sale		273		2.3492 GBP
5p ordinary		Sale		318		2.3481 GBP
5p ordinary		Sale		372		2.3196 GBP
5p ordinary		Sale		411		2.3457 GBP
5p ordinary		Sale		497		2.3479 GBP
5p ordinary		Sale		636		2.3483 GBP
5p ordinary		Sale		646		2.3071 GBP
5p ordinary		Sale		789		2.3024 GBP
5p ordinary		Sale		1,299		2.3500 GBP
5p ordinary		Sale		1,390		2.3460 GBP
5p ordinary		Sale		1,473		2.3450 GBP
5p ordinary		Sale		1,515		2.3440 GBP
5p ordinary		Sale		1,538		2.3421 GBP
5p ordinary		Sale		2,366		2.2987 GBP
5p ordinary		Sale		2,551		2.3338 GBP
5p ordinary		Sale		3,372		2.3103 GBP
5p ordinary		Sale		4,151		2.3016 GBP
5p ordinary		Sale		4,482		2.3252 GBP
5p ordinary		Sale		6,336		2.3061 GBP
5p ordinary		Sale		6,792		2.3411 GBP
5p ordinary		Sale		8,397		2.3380 GBP
5p ordinary		Sale		9,661		2.3306 GBP
5p ordinary		Sale		13,391		2.2945 GBP
5p ordinary		Sale		14,602		2.3150 GBP
5p ordinary		Sale		36,976		2.3428 GBP
5p ordinary		Sale		45,234		2.3101 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		15	2.3172 GBP
5p ordinary		SWAP		Long		20	2.3444 GBP
5p ordinary		SWAP		Long		34	2.3495 GBP
5p ordinary		SWAP		Long		35	2.3275 GBP
5p ordinary		SWAP		Long		36	2.3284 GBP
5p ordinary		SWAP		Long		44	2.3195 GBP
5p ordinary		SWAP		Long		78	2.3484 GBP
5p ordinary		SWAP		Long		84	2.3079 GBP
5p ordinary		SWAP		Long		84	2.3084 GBP
5p ordinary		SWAP		Long		161	2.3445 GBP
5p ordinary		SWAP		Long		232	2.3283 GBP
5p ordinary		SWAP		Long		239	2.3491 GBP
5p ordinary		SWAP		Long		328	2.3196 GBP
5p ordinary		SWAP		Long		497	2.3479 GBP
5p ordinary		SWAP		Long		558	2.3483 GBP
5p ordinary		SWAP		Long		562	2.3070 GBP
5p ordinary		SWAP		Long		1,603	2.3398 GBP
5p ordinary		SWAP		Long		4,447	2.3252 GBP
5p ordinary		CFD		Long		4,603	2.3471 GBP
5p ordinary		SWAP		Long		4,685	2.3093 GBP
5p ordinary		SWAP		Long		4,707	2.3182 GBP
5p ordinary		CFD		Long		8,397	2.3380 GBP
5p ordinary		SWAP		Long		8,673	2.3024 GBP
5p ordinary		SWAP		Long		9,093	2.3379 GBP
5p ordinary		SWAP		Long		12,999	2.3119 GBP
5p ordinary		CFD		Long		28,098	2.2964 GBP
5p ordinary		SWAP		Short		838	2.3436 GBP
5p ordinary		SWAP		Short		1,082	2.3581 GBP
5p ordinary		SWAP		Short		1,181	2.3118 GBP
5p ordinary		SWAP		Short		1,668	2.3467 GBP
5p ordinary		SWAP		Short		2,716	2.3361 GBP
5p ordinary		SWAP		Short		4,787	2.3206 GBP
5p ordinary		SWAP		Short		5,120	2.3363 GBP
5p ordinary		CFD		Short		12,968	2.3479 GBP
5p ordinary		CFD		Short		21,247	2.3350 GBP
5p ordinary		CFD		Short		23,633	2.3481 GBP
5p ordinary		SWAP		Short		25,410	2.3305 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:	29 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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