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:				10 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:		1,349,557	0.22%	5,542,653	0.90%
(2)	Cash-settled derivatives:
			5,156,772	0.84%	1,087,366	0.18%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:		0	0.00%	0	0.00%
	TOTAL:		6,506,329	1.06%	6,630,019	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		144		2.3562 GBP
5p ordinary		Purchase		175		2.3554 GBP
5p ordinary		Purchase		216		2.3588 GBP
5p ordinary		Purchase		338		2.3660 GBP
5p ordinary		Purchase		543		2.3460 GBP
5p ordinary		Purchase		680		2.3606 GBP
5p ordinary		Purchase		1,113		2.3582 GBP
5p ordinary		Purchase		1,312		2.3620 GBP
5p ordinary		Purchase		1,758		2.3504 GBP
5p ordinary		Purchase		1,830		2.3497 GBP
5p ordinary		Purchase		3,531		2.3540 GBP
5p ordinary		Purchase		3,925		2.3600 GBP
5p ordinary		Purchase		3,952		2.3640 GBP
5p ordinary		Purchase		4,367		2.3575 GBP
5p ordinary		Purchase		6,422		2.3617 GBP
5p ordinary		Purchase		6,901		2.3615 GBP
5p ordinary		Purchase		7,459		2.3580 GBP
5p ordinary		Purchase		7,897		2.3583 GBP
5p ordinary		Purchase		7,966		2.3635 GBP
5p ordinary		Purchase		8,690		2.3563 GBP
5p ordinary		Purchase		11,790		2.3622 GBP
5p ordinary		Purchase		13,239		2.3567 GBP
5p ordinary		Purchase		13,796		2.3579 GBP
5p ordinary		Purchase		19,423		2.3520 GBP
5p ordinary		Purchase		19,467		2.3557 GBP
5p ordinary		Purchase		20,793		2.3584 GBP
5p ordinary		Purchase		27,337		2.3550 GBP
5p ordinary		Purchase		81,652		2.3576 GBP
5p ordinary		Sale		12		2.3658 GBP
5p ordinary		Sale		24		2.3560 GBP
5p ordinary		Sale		35		2.3440 GBP
5p ordinary		Sale		79		2.3548 GBP
5p ordinary		Sale		134		2.3502 GBP
5p ordinary		Sale		160		2.3624 GBP
5p ordinary		Sale		281		2.3529 GBP
5p ordinary		Sale		338		2.3662 GBP
5p ordinary		Sale		543		2.3460 GBP
5p ordinary		Sale		554		2.3420 GBP
5p ordinary		Sale		557		2.3605 GBP
5p ordinary		Sale		594		2.3573 GBP
5p ordinary		Sale		1,107		2.3646 GBP
5p ordinary		Sale		1,312		2.3500 GBP
5p ordinary		Sale		1,312		2.3620 GBP
5p ordinary		Sale		1,503		2.3512 GBP
5p ordinary		Sale		1,530		2.3520 GBP
5p ordinary		Sale		1,769		2.3579 GBP
5p ordinary		Sale		2,344		2.3541 GBP
5p ordinary		Sale		3,277		2.3540 GBP
5p ordinary		Sale		3,925		2.3600 GBP
5p ordinary		Sale		3,952		2.3640 GBP
5p ordinary		Sale		4,646		2.3505 GBP
5p ordinary		Sale		5,690		2.3568 GBP
5p ordinary		Sale		10,373		2.3580 GBP
5p ordinary		Sale		52,182		2.3566 GBP
5p ordinary		Sale		158,840		2.3581 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	2.3626 GBP
5p ordinary		SWAP		Long		5	2.3657 GBP
5p ordinary		SWAP		Long		7	2.3652 GBP
5p ordinary		SWAP		Long		9	2.3600 GBP
5p ordinary		SWAP		Long		12	2.3619 GBP
5p ordinary		SWAP		Long		15	2.3501 GBP
5p ordinary		SWAP		Long		22	2.3597 GBP
5p ordinary		SWAP		Long		24	2.3559 GBP
5p ordinary		SWAP		Long		35	2.3439 GBP
5p ordinary		SWAP		Long		37	2.3525 GBP
5p ordinary		SWAP		Long		61	2.3598 GBP
5p ordinary		SWAP		Long		72	2.3621 GBP
5p ordinary		SWAP		Long		75	2.3627 GBP
5p ordinary		SWAP		Long		79	2.3548 GBP
5p ordinary		SWAP		Long		119	2.3502 GBP
5p ordinary		SWAP		Long		147	2.3595 GBP
5p ordinary		SWAP		Long		175	2.3609 GBP
5p ordinary		SWAP		Long		213	2.3608 GBP
5p ordinary		SWAP		Long		244	2.3529 GBP
5p ordinary		SWAP		Long		514	2.3816 GBP
5p ordinary		SWAP		Long		593	2.3499 GBP
5p ordinary		SWAP		Long		1,029	2.3566 GBP
5p ordinary		SWAP		Long		1,385	2.3617 GBP
5p ordinary		SWAP		Long		1,769	2.3579 GBP
5p ordinary		SWAP		Long		15,819	2.3569 GBP
5p ordinary		SWAP		Long		21,718	2.3551 GBP
5p ordinary		SWAP		Long		22,244	2.3577 GBP
5p ordinary		SWAP		Short		100	2.3520 GBP
5p ordinary		CFD		Short		144	2.3561 GBP
5p ordinary		SWAP		Short		297	2.3500 GBP
5p ordinary		SWAP		Short		2,650	2.3537 GBP
5p ordinary		CFD		Short		3,288	2.3579 GBP
5p ordinary		SWAP		Short		5,491	2.3519 GBP
5p ordinary		SWAP		Short		7,669	2.3640 GBP
5p ordinary		CFD		Short		11,401	2.3581 GBP
5p ordinary		SWAP		Short		11,931	2.3498 GBP
5p ordinary		SWAP		Short		15,406	2.3590 GBP
5p ordinary		CFD		Short		18,332	2.3520 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:				11 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211111005659/en/