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:	30 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:	1,686,877	0.27%	4,894,932	0.80%
(2)	Cash-settled derivatives:
		4,375,056	0.71%	1,350,824	0.22%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:	0	0.00%	0	0.00%
	TOTAL:	6,061,933	0.99%	6,245,756	1.02%

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	67	2.4174 GBP
5p ordinary	Purchase	96	2.4320 GBP
5p ordinary	Purchase	465	2.4192 GBP
5p ordinary	Purchase	1,068	2.4147 GBP
5p ordinary	Purchase	1,548	2.4140 GBP
5p ordinary	Purchase	1,562	2.4127 GBP
5p ordinary	Purchase	1,919	2.4109 GBP
5p ordinary	Purchase	2,000	2.4310 GBP
5p ordinary	Purchase	2,059	2.4484 GBP
5p ordinary	Purchase	3,830	2.4260 GBP
5p ordinary	Purchase	4,721	2.4119 GBP
5p ordinary	Purchase	5,255	2.4133 GBP
5p ordinary	Purchase	7,906	2.4116 GBP
5p ordinary	Purchase	34,058	2.4181 GBP
5p ordinary	Purchase	123,405	2.4130 GBP
5p ordinary	Purchase	123,515	2.4120 GBP
5p ordinary	Sale	80	2.4195 GBP
5p ordinary	Sale	289	2.4241 GBP
5p ordinary	Sale	355	2.4080 GBP
5p ordinary	Sale	355	2.4197 GBP
5p ordinary	Sale	597	2.4119 GBP
5p ordinary	Sale	756	2.4263 GBP
5p ordinary	Sale	1,253	2.4147 GBP
5p ordinary	Sale	1,529	2.4140 GBP
5p ordinary	Sale	1,543	2.4201 GBP
5p ordinary	Sale	1,766	2.4172 GBP
5p ordinary	Sale	1,882	2.4262 GBP
5p ordinary	Sale	2,096	2.4310 GBP
5p ordinary	Sale	2,823	2.4420 GBP
5p ordinary	Sale	3,179	2.4155 GBP
5p ordinary	Sale	3,283	2.4154 GBP
5p ordinary	Sale	3,357	2.4145 GBP
5p ordinary	Sale	4,278	2.4260 GBP
5p ordinary	Sale	4,473	2.4150 GBP
5p ordinary	Sale	8,708	2.4202 GBP
5p ordinary	Sale	9,366	2.4292 GBP
5p ordinary	Sale	11,834	2.4254 GBP
5p ordinary	Sale	15,891	2.4170 GBP
5p ordinary	Sale	18,051	2.4121 GBP
5p ordinary	Sale	20,603	2.4133 GBP
5p ordinary	Sale	34,817	2.4141 GBP
5p ordinary	Sale	37,818	2.4179 GBP
5p ordinary	Sale	126,427	2.4120 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	2.4299 GBP
5p ordinary	SWAP	Long	80	2.4194 GBP
5p ordinary	SWAP	Long	289	2.4241 GBP
5p ordinary	SWAP	Long	355	2.4080 GBP
5p ordinary	SWAP	Long	355	2.4197 GBP
5p ordinary	SWAP	Long	1,226	2.4119 GBP
5p ordinary	SWAP	Long	1,253	2.4147 GBP
5p ordinary	SWAP	Long	1,543	2.4201 GBP
5p ordinary	SWAP	Long	3,283	2.4154 GBP
5p ordinary	SWAP	Long	4,928	2.4329 GBP
5p ordinary	SWAP	Long	5,505	2.4066 GBP
5p ordinary	CFD	Long	7,241	2.4193 GBP
5p ordinary	SWAP	Long	7,537	2.4202 GBP
5p ordinary	CFD	Long	9,224	2.4118 GBP
5p ordinary	CFD	Long	9,366	2.4292 GBP
5p ordinary	SWAP	Long	9,743	2.4253 GBP
5p ordinary	SWAP	Long	11,207	2.4262 GBP
5p ordinary	SWAP	Long	11,721	2.4136 GBP
5p ordinary	CFD	Long	13,774	2.4120 GBP
5p ordinary	SWAP	Long	79,298	2.4120 GBP
5p ordinary	CFD	Short	26	2.4176 GBP
5p ordinary	CFD	Short	41	2.4175 GBP
5p ordinary	SWAP	Short	130	2.4180 GBP
5p ordinary	SWAP	Short	304	2.4258 GBP
5p ordinary	SWAP	Short	335	2.4197 GBP
5p ordinary	SWAP	Short	753	2.4543 GBP
5p ordinary	SWAP	Short	1,615	2.4081 GBP
5p ordinary	SWAP	Short	1,910	2.4522 GBP
5p ordinary	SWAP	Short	3,905	2.4039 GBP
5p ordinary	SWAP	Short	14,073	2.4194 GBP
5p ordinary	CFD	Short	18,974	2.4120 GBP
5p ordinary	CFD	Short	21,129	2.4121 GBP
5p ordinary	SWAP	Short	146,663	2.4120 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:				1 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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