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:				01 February 2022
(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:		638,962	0.10%	10,351,566	1.69%
(2)	Cash-settled derivatives:
			9,901,539	1.61%	313,668	0.05%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:		0	0.00%	0	0.00%
	TOTAL:		10,540,501	1.72%	10,665,234	1.74%

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		161		2.5800 GBP
5p ordinary		Purchase		185		2.5790 GBP
5p ordinary		Purchase		697		2.5839 GBP
5p ordinary		Purchase		1,028		2.5820 GBP
5p ordinary		Purchase		1,062		2.5804 GBP
5p ordinary		Purchase		1,637		2.5920 GBP
5p ordinary		Purchase		1,684		2.5841 GBP
5p ordinary		Purchase		2,614		2.5756 GBP
5p ordinary		Purchase		3,533		2.5823 GBP
5p ordinary		Purchase		3,743		2.5891 GBP
5p ordinary		Purchase		3,947		2.5860 GBP
5p ordinary		Purchase		5,309		2.5878 GBP
5p ordinary		Purchase		6,666		2.5937 GBP
5p ordinary		Purchase		16,988		2.5874 GBP
5p ordinary		Purchase		22,115		2.5867 GBP
5p ordinary		Purchase		22,447		2.5864 GBP
5p ordinary		Purchase		52,585		2.5868 GBP
5p ordinary		Purchase		569,125		2.5880 GBP
5p ordinary		Sale		16		2.5900 GBP
5p ordinary		Sale		75		2.5880 GBP
5p ordinary		Sale		161		2.5820 GBP
5p ordinary		Sale		264		2.5866 GBP
5p ordinary		Sale		389		2.5875 GBP
5p ordinary		Sale		524		2.5980 GBP
5p ordinary		Sale		849		2.5855 GBP
5p ordinary		Sale		1,098		2.5885 GBP
5p ordinary		Sale		1,637		2.5920 GBP
5p ordinary		Sale		1,806		2.5959 GBP
5p ordinary		Sale		2,172		2.5899 GBP
5p ordinary		Sale		2,230		2.5887 GBP
5p ordinary		Sale		2,780		2.5821 GBP
5p ordinary		Sale		3,077		2.5793 GBP
5p ordinary		Sale		3,771		2.5898 GBP
5p ordinary		Sale		4,210		2.5860 GBP
5p ordinary		Sale		5,730		2.5420 GBP
5p ordinary		Sale		6,497		2.5929 GBP
5p ordinary		Sale		7,376		2.5881 GBP
5p ordinary		Sale		21,690		2.5784 GBP
5p ordinary		Sale		44,313		2.5859 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		16	2.5899 GBP
5p ordinary		SWAP		Long		75	2.5879 GBP
5p ordinary		SWAP		Long		161	2.5819 GBP
5p ordinary		SWAP		Long		264	2.5866 GBP
5p ordinary		SWAP		Long		389	2.5875 GBP
5p ordinary		SWAP		Long		563	2.5809 GBP
5p ordinary		SWAP		Long		849	2.5855 GBP
5p ordinary		SWAP		Long		2,104	2.5881 GBP
5p ordinary		SWAP		Long		3,077	2.5793 GBP
5p ordinary		SWAP		Long		3,304	2.5842 GBP
5p ordinary		SWAP		Long		6,635	2.5870 GBP
5p ordinary		SWAP		Long		8,861	2.5718 GBP
5p ordinary		SWAP		Long		12,847	2.5697 GBP
5p ordinary		SWAP		Long		21,127	2.5783 GBP
5p ordinary		SWAP		Long		28,747	2.5893 GBP
5p ordinary		SWAP		Short		185	2.5790 GBP
5p ordinary		SWAP		Short		447	2.5824 GBP
5p ordinary		SWAP		Short		521	2.5918 GBP
5p ordinary		SWAP		Short		1,062	2.5804 GBP
5p ordinary		SWAP		Short		1,588	2.5780 GBP
5p ordinary		SWAP		Short		1,664	2.5904 GBP
5p ordinary		SWAP		Short		2,093	2.5715 GBP
5p ordinary		SWAP		Short		3,344	2.5794 GBP
5p ordinary		CFD		Short		6,345	2.5892 GBP
5p ordinary		CFD		Short		6,368	2.5882 GBP
5p ordinary		SWAP		Short		9,586	2.5860 GBP
5p ordinary		CFD		Short		11,204	2.5834 GBP
5p ordinary		SWAP		Short		20,783	2.5861 GBP
5p ordinary		SWAP		Short		22,115	2.5867 GBP
5p ordinary		SWAP		Short		26,610	2.5887 GBP
5p ordinary		SWAP		Short		563,853	2.5880 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:				2 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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