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:				09 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:		1,336,408	0.22%	5,544,481	0.90%
(2)	Cash-settled derivatives:
			5,191,558	0.85%	1,116,532	0.18%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:		0	0.00%	0	0.00%
(4)
	TOTAL:		6,527,966	1.06%	6,661,013	1.08%

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		4		2.3920 GBP
5p ordinary		Purchase		23		2.4100 GBP
5p ordinary		Purchase		33		2.3836 GBP
5p ordinary		Purchase		56		2.3650 GBP
5p ordinary		Purchase		69		2.3952 GBP
5p ordinary		Purchase		108		2.3921 GBP
5p ordinary		Purchase		143		2.3557 GBP
5p ordinary		Purchase		583		2.3690 GBP
5p ordinary		Purchase		690		2.4080 GBP
5p ordinary		Purchase		792		2.3831 GBP
5p ordinary		Purchase		1,504		2.3575 GBP
5p ordinary		Purchase		1,582		2.3498 GBP
5p ordinary		Purchase		1,612		2.3940 GBP
5p ordinary		Purchase		2,421		2.3956 GBP
5p ordinary		Purchase		2,792		2.3605 GBP
5p ordinary		Purchase		3,670		2.3796 GBP
5p ordinary		Purchase		4,608		2.3804 GBP
5p ordinary		Purchase		5,174		2.4020 GBP
5p ordinary		Purchase		8,794		2.3955 GBP
5p ordinary		Purchase		12,152		2.3978 GBP
5p ordinary		Purchase		14,887		2.3971 GBP
5p ordinary		Purchase		15,996		2.3724 GBP
5p ordinary		Purchase		17,173		2.3942 GBP
5p ordinary		Purchase		18,142		2.4050 GBP
5p ordinary		Purchase		27,933		2.3581 GBP
5p ordinary		Purchase		47,991		2.3951 GBP
5p ordinary		Purchase		50,437		2.3701 GBP
5p ordinary		Sale		51		2.3597 GBP
5p ordinary		Sale		66		2.3960 GBP
5p ordinary		Sale		143		2.3560 GBP
5p ordinary		Sale		169		2.3976 GBP
5p ordinary		Sale		243		2.3540 GBP
5p ordinary		Sale		339		2.3680 GBP
5p ordinary		Sale		372		2.3602 GBP
5p ordinary		Sale		585		2.3980 GBP
5p ordinary		Sale		594		2.3642 GBP
5p ordinary		Sale		680		2.3994 GBP
5p ordinary		Sale		836		2.3954 GBP
5p ordinary		Sale		1,017		2.3903 GBP
5p ordinary		Sale		1,234		2.3682 GBP
5p ordinary		Sale		1,663		2.3709 GBP
5p ordinary		Sale		1,799		2.3814 GBP
5p ordinary		Sale		2,066		2.3598 GBP
5p ordinary		Sale		2,208		2.3940 GBP
5p ordinary		Sale		2,737		2.3850 GBP
5p ordinary		Sale		3,218		2.3916 GBP
5p ordinary		Sale		3,475		2.3675 GBP
5p ordinary		Sale		4,250		2.3723 GBP
5p ordinary		Sale		4,652		2.3500 GBP
5p ordinary		Sale		5,053		2.3499 GBP
5p ordinary		Sale		5,086		2.3582 GBP
5p ordinary		Sale		5,506		2.3962 GBP
5p ordinary		Sale		5,766		2.3786 GBP
5p ordinary		Sale		7,186		2.3725 GBP
5p ordinary		Sale		7,891		2.3957 GBP
5p ordinary		Sale		9,408		2.3618 GBP
5p ordinary		Sale		16,259		2.3660 GBP
5p ordinary		Sale		18,966		2.3880 GBP
5p ordinary		Sale		24,836		2.3827 GBP
5p ordinary		Sale		106,053		2.3708 GBP
5p ordinary		Sale		175,932		2.3904 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	2.3730 GBP
5p ordinary		SWAP		Long		22	2.3517 GBP
5p ordinary		SWAP		Long		31	2.3658 GBP
5p ordinary		SWAP		Long		33	2.3659 GBP
5p ordinary		SWAP		Long		37	2.3723 GBP
5p ordinary		SWAP		Long		40	2.3651 GBP
5p ordinary		SWAP		Long		45	2.3709 GBP
5p ordinary		SWAP		Long		51	2.3597 GBP
5p ordinary		SWAP		Long		84	2.3539 GBP
5p ordinary		SWAP		Long		96	2.3713 GBP
5p ordinary		SWAP		Long		112	2.3838 GBP
5p ordinary		SWAP		Long		137	2.3544 GBP
5p ordinary		SWAP		Long		197	2.3657 GBP
5p ordinary		SWAP		Long		212	2.3662 GBP
5p ordinary		SWAP		Long		236	2.3615 GBP
5p ordinary		SWAP		Long		289	2.3655 GBP
5p ordinary		SWAP		Long		572	2.3619 GBP
5p ordinary		SWAP		Long		594	2.3642 GBP
5p ordinary		SWAP		Long		736	2.3840 GBP
5p ordinary		CFD		Long		836	2.3954 GBP
5p ordinary		SWAP		Long		1,017	2.3903 GBP
5p ordinary		CFD		Long		1,286	2.3996 GBP
5p ordinary		SWAP		Long		1,481	2.3708 GBP
5p ordinary		SWAP		Long		1,799	2.3814 GBP
5p ordinary		SWAP		Long		2,530	2.3661 GBP
5p ordinary		SWAP		Long		3,158	2.3617 GBP
5p ordinary		CFD		Long		4,250	2.3723 GBP
5p ordinary		CFD		Long		4,652	2.3500 GBP
5p ordinary		SWAP		Long		5,053	2.3499 GBP
5p ordinary		SWAP		Long		5,113	2.3616 GBP
5p ordinary		CFD		Long		5,506	2.3962 GBP
5p ordinary		SWAP		Long		5,733	2.3787 GBP
5p ordinary		CFD		Long		7,891	2.3957 GBP
5p ordinary		SWAP		Long		7,899	2.3786 GBP
5p ordinary		SWAP		Long		13,289	2.3660 GBP
5p ordinary		SWAP		Long		13,289	2.3837 GBP
5p ordinary		CFD		Long		18,966	2.3880 GBP
5p ordinary		SWAP		Long		19,882	2.3870 GBP
5p ordinary		SWAP		Long		22,476	2.3826 GBP
5p ordinary		SWAP		Long		32,663	2.3827 GBP
5p ordinary		CFD		Long		49,386	2.3531 GBP
5p ordinary		CFD		Short		33	2.3836 GBP
5p ordinary		SWAP		Short		100	2.4080 GBP
5p ordinary		CFD		Short		108	2.3922 GBP
5p ordinary		SWAP		Short		614	2.3948 GBP
5p ordinary		SWAP		Short		2,890	2.3987 GBP
5p ordinary		SWAP		Short		3,417	2.3715 GBP
5p ordinary		SWAP		Short		3,994	2.3782 GBP
5p ordinary		SWAP		Short		5,748	2.3879 GBP
5p ordinary		SWAP		Short		8,827	2.3698 GBP
5p ordinary		SWAP		Short		10,366	2.3500 GBP
5p ordinary		CFD		Short		13,373	2.3501 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:				10 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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