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	31 January 2022
(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:		632,844	0.10%	10,950,309	1.78%
(2)	Cash-settled derivatives:
			10,462,090	1.70%	285,470	0.05%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:		0	0.00%	0	0.00%
(4)
	TOTAL:		11,094,934	1.81%	11,235,779	1.83%

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		51		2.4637 GBP
5p ordinary		Purchase		213		2.4997 GBP
5p ordinary		Purchase		239		2.4150 GBP
5p ordinary		Purchase		601		2.4670 GBP
5p ordinary		Purchase		907		2.4885 GBP
5p ordinary		Purchase		924		2.4667 GBP
5p ordinary		Purchase		2,429		2.4680 GBP
5p ordinary		Purchase		3,509		2.4227 GBP
5p ordinary		Purchase		3,698		2.4511 GBP
5p ordinary		Purchase		4,303		2.4616 GBP
5p ordinary		Purchase		4,938		2.4154 GBP
5p ordinary		Purchase		4,997		2.4459 GBP
5p ordinary		Purchase		5,298		2.4736 GBP
5p ordinary		Purchase		8,451		2.4360 GBP
5p ordinary		Purchase		8,810		2.4614 GBP
5p ordinary		Purchase		15,553		2.4726 GBP
5p ordinary		Purchase		16,402		2.4562 GBP
5p ordinary		Purchase		16,696		2.4420 GBP
5p ordinary		Purchase		31,297		2.4686 GBP
5p ordinary		Purchase		31,363		2.4718 GBP
5p ordinary		Purchase		65,595		2.4783 GBP
5p ordinary		Purchase		83,751		2.4564 GBP
5p ordinary		Purchase		93,389		2.5000 GBP
5p ordinary		Purchase		137,249		2.4607 GBP
5p ordinary		Sale		23		2.4523 GBP
5p ordinary		Sale		106		2.4650 GBP
5p ordinary		Sale		355		2.4682 GBP
5p ordinary		Sale		601		2.4670 GBP
5p ordinary		Sale		640		2.4853 GBP
5p ordinary		Sale		1,155		2.4710 GBP
5p ordinary		Sale		1,168		2.4867 GBP
5p ordinary		Sale		1,386		2.4837 GBP
5p ordinary		Sale		1,539		2.4430 GBP
5p ordinary		Sale		1,645		2.4666 GBP
5p ordinary		Sale		1,734		2.4969 GBP
5p ordinary		Sale		2,766		2.4601 GBP
5p ordinary		Sale		3,882		2.4175 GBP
5p ordinary		Sale		4,089		2.4985 GBP
5p ordinary		Sale		4,448		2.4725 GBP
5p ordinary		Sale		4,654		2.4464 GBP
5p ordinary		Sale		5,140		2.4700 GBP
5p ordinary		Sale		9,887		2.5001 GBP
5p ordinary		Sale		15,870		2.4554 GBP
5p ordinary		Sale		19,864		2.4418 GBP
5p ordinary		Sale		41,735		2.4874 GBP
5p ordinary		Sale		103,858		2.4605 GBP
5p ordinary		Sale		189,645		2.4745 GBP
5p ordinary		Sale		637,710		2.5000 GBP
(b) Cash-settled derivative transactions
Class of		Product		Nature of dealing		Number of	Price per
relevant		description				reference	unit
security						securities
5p ordinary		CFD		Long		23	2.4521 GBP
5p ordinary		SWAP		Long		264	2.4100 GBP
5p ordinary		SWAP		Long		448	2.4925 GBP
5p ordinary		SWAP		Long		646	2.4839 GBP
5p ordinary		SWAP		Long		3,641	2.4992 GBP
5p ordinary		SWAP		Long		3,790	2.4605 GBP
5p ordinary		SWAP		Long		12,408	2.4962 GBP
5p ordinary		SWAP		Long		22,815	2.4481 GBP
5p ordinary		SWAP		Long		23,101	2.4535 GBP
5p ordinary		SWAP		Long		64,719	2.4587 GBP
5p ordinary		CFD		Long		81,440	2.4997 GBP
5p ordinary		SWAP		Long		90,804	2.4554 GBP
5p ordinary		SWAP		Long		591,532	2.5000 GBP
5p ordinary		CFD		Short		201	2.5001 GBP
5p ordinary		SWAP		Short		2,962	2.4590 GBP
5p ordinary		SWAP		Short		3,244	2.4220 GBP
5p ordinary		SWAP		Short		8,091	2.4792 GBP
5p ordinary		SWAP		Short		9,173	2.4524 GBP
5p ordinary		SWAP		Short		12,081	2.4691 GBP
5p ordinary		SWAP		Short		13,452	2.4468 GBP
5p ordinary		SWAP		Short		24,770	2.4614 GBP
5p ordinary		SWAP		Short		27,556	2.4526 GBP
5p ordinary		SWAP		Short		28,533	2.4635 GBP
5p ordinary		SWAP		Short		41,119	2.4603 GBP
5p ordinary		SWAP		Short		42,632	2.4527 GBP
5p ordinary		SWAP		Short		47,363	2.4670 GBP
5p ordinary		SWAP		Short		74,006	2.4598 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 FEB 2022
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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