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:	02 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:		865,187	0.14%	10,308,191	1.68%
(2)	Cash-settled derivatives:
			9,662,087	1.57%	332,232	0.05%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:		0	0.00%	0	0.00%
	TOTAL:		10,527,274	1.71%	10,640,423	1.73%

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	185	2.6034 GBP
5p ordinary	Purchase	231	2.5800 GBP
5p ordinary	Purchase	343	2.5920 GBP
5p ordinary	Purchase	493	2.5878 GBP
5p ordinary	Purchase	512	2.5947 GBP
5p ordinary	Purchase	1,022	2.6082 GBP
5p ordinary	Purchase	1,022	2.5970 GBP
5p ordinary	Purchase	1,942	2.5432 GBP
5p ordinary	Purchase	4,015	2.6000 GBP
5p ordinary	Purchase	4,635	2.6026 GBP
5p ordinary	Purchase	7,312	2.5739 GBP
5p ordinary	Purchase	7,818	2.5960 GBP
5p ordinary	Purchase	86,555	2.5619 GBP
5p ordinary	Purchase	218,244	2.5420 GBP
5p ordinary	Sale	61	2.5759 GBP
5p ordinary	Sale	313	2.5920 GBP
5p ordinary	Sale	602	2.5917 GBP
5p ordinary	Sale	1,014	2.5930 GBP
5p ordinary	Sale	1,492	2.5952 GBP
5p ordinary	Sale	1,567	2.5721 GBP
5p ordinary	Sale	1,860	2.5421 GBP
5p ordinary	Sale	1,895	2.5990 GBP
5p ordinary	Sale	2,703	2.5790 GBP
5p ordinary	Sale	3,296	2.5921 GBP
5p ordinary	Sale	7,818	2.5960 GBP
5p ordinary	Sale	8,780	2.5910 GBP
5p ordinary	Sale	10,255	2.5871 GBP
5p ordinary	Sale	23,073	2.5933 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	49	2.6099 GBP
5p ordinary	CFD	Long	61	2.5759 GBP
5p ordinary	SWAP	Long	249	2.6024 GBP
5p ordinary	SWAP	Long	285	2.5960 GBP
5p ordinary	SWAP	Long	306	2.5883 GBP
5p ordinary	SWAP	Long	317	2.5880 GBP
5p ordinary	SWAP	Long	765	2.5900 GBP
5p ordinary	CFD	Long	992	2.5937 GBP
5p ordinary	SWAP	Long	1,031	2.5987 GBP
5p ordinary	SWAP	Long	1,049	2.5942 GBP
5p ordinary	SWAP	Long	1,088	2.5855 GBP
5p ordinary	SWAP	Long	1,177	2.5918 GBP
5p ordinary	SWAP	Long	1,567	2.5716 GBP
5p ordinary	SWAP	Long	1,989	2.5939 GBP
5p ordinary	SWAP	Long	2,069	2.6108 GBP
5p ordinary	SWAP	Long	2,703	2.5790 GBP
5p ordinary	SWAP	Long	3,421	2.5933 GBP
5p ordinary	SWAP	Long	5,072	2.5951 GBP
5p ordinary	SWAP	Long	9,118	2.5872 GBP
5p ordinary	CFD	Long	21,430	2.5904 GBP
5p ordinary	SWAP	Short	24	2.5640 GBP
5p ordinary	SWAP	Short	30	2.5917 GBP
5p ordinary	SWAP	Short	82	2.5720 GBP
5p ordinary	SWAP	Short	185	2.6034 GBP
5p ordinary	SWAP	Short	191	2.5860 GBP
5p ordinary	SWAP	Short	207	2.5818 GBP
5p ordinary	SWAP	Short	276	2.5740 GBP
5p ordinary	SWAP	Short	321	2.6000 GBP
5p ordinary	SWAP	Short	493	2.5878 GBP
5p ordinary	SWAP	Short	613	2.6039 GBP
5p ordinary	SWAP	Short	1,104	2.5899 GBP
5p ordinary	SWAP	Short	2,436	2.5959 GBP
5p ordinary	SWAP	Short	4,500	2.5820 GBP
5p ordinary	SWAP	Short	5,862	2.5990 GBP
5p ordinary	SWAP	Short	7,705	2.6022 GBP
5p ordinary	CFD	Short	8,523	2.5947 GBP
5p ordinary	SWAP	Short	16,128	2.6004 GBP
5p ordinary	SWAP	Short	17,416	2.5420 GBP
5p ordinary	CFD	Short	40,490	2.5422 GBP
5p ordinary	CFD	Short	206,168	2.5419 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:				3 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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