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:				03 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:		829,646	0.14%	10,221,652	1.66%
(2)	Cash-settled derivatives:
			9,634,524	1.57%	324,824	0.05%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:		0	0.00%	0	0.00%
	TOTAL:		10,464,170	1.70%	10,546,476	1.72%

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		1		2.5460 GBP
5p ordinary		Purchase		9		2.5560 GBP
5p ordinary		Purchase		35		2.5380 GBP
5p ordinary		Purchase		159		2.5253 GBP
5p ordinary		Purchase		509		2.5660 GBP
5p ordinary		Purchase		538		2.5596 GBP
5p ordinary		Purchase		610		2.5299 GBP
5p ordinary		Purchase		774		2.5385 GBP
5p ordinary		Purchase		1,018		2.5410 GBP
5p ordinary		Purchase		1,450		2.5550 GBP
5p ordinary		Purchase		1,504		2.5393 GBP
5p ordinary		Purchase		2,522		2.5437 GBP
5p ordinary		Purchase		2,886		2.5597 GBP
5p ordinary		Purchase		3,069		2.5404 GBP
5p ordinary		Purchase		4,189		2.5425 GBP
5p ordinary		Purchase		5,120		2.5422 GBP
5p ordinary		Purchase		19,266		2.5502 GBP
5p ordinary		Purchase		24,612		2.5334 GBP
5p ordinary		Purchase		27,439		2.5382 GBP
5p ordinary		Purchase		27,787		2.5280 GBP
5p ordinary		Purchase		34,539		2.5369 GBP
5p ordinary		Sale		41		2.5380 GBP
5p ordinary		Sale		159		2.5253 GBP
5p ordinary		Sale		221		2.5506 GBP
5p ordinary		Sale		331		2.5402 GBP
5p ordinary		Sale		344		2.5398 GBP
5p ordinary		Sale		354		2.5220 GBP
5p ordinary		Sale		392		2.5460 GBP
5p ordinary		Sale		650		2.5300 GBP
5p ordinary		Sale		1,062		2.5314 GBP
5p ordinary		Sale		1,450		2.5550 GBP
5p ordinary		Sale		2,185		2.5409 GBP
5p ordinary		Sale		3,751		2.5451 GBP
5p ordinary		Sale		4,258		2.5308 GBP
5p ordinary		Sale		13,724		2.5281 GBP
5p ordinary		Sale		17,372		2.5425 GBP
5p ordinary		Sale		28,133		2.5280 GBP
5p ordinary		Sale		32,611		2.5457 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		16	2.5275 GBP
5p ordinary		SWAP		Long		58	2.5505 GBP
5p ordinary		SWAP		Long		163	2.5506 GBP
5p ordinary		SWAP		Long		281	2.5380 GBP
5p ordinary		SWAP		Long		315	2.5400 GBP
5p ordinary		SWAP		Long		388	2.5365 GBP
5p ordinary		SWAP		Long		1,074	2.5387 GBP
5p ordinary		SWAP		Long		1,146	2.5358 GBP
5p ordinary		SWAP		Long		1,416	2.5286 GBP
5p ordinary		CFD		Long		1,933	2.5456 GBP
5p ordinary		SWAP		Long		2,724	2.5279 GBP
5p ordinary		SWAP		Long		3,664	2.5469 GBP
5p ordinary		SWAP		Long		3,751	2.5451 GBP
5p ordinary		SWAP		Long		4,773	2.5461 GBP
5p ordinary		SWAP		Long		10,073	2.5460 GBP
5p ordinary		SWAP		Long		13,750	2.5447 GBP
5p ordinary		CFD		Long		28,133	2.5279 GBP
5p ordinary		SWAP		Short		1	2.5460 GBP
5p ordinary		SWAP		Short		24	2.5421 GBP
5p ordinary		SWAP		Short		101	2.5380 GBP
5p ordinary		SWAP		Short		203	2.5372 GBP
5p ordinary		SWAP		Short		265	2.5320 GBP
5p ordinary		SWAP		Short		486	2.5497 GBP
5p ordinary		SWAP		Short		610	2.5299 GBP
5p ordinary		SWAP		Short		933	2.5405 GBP
5p ordinary		SWAP		Short		995	2.5379 GBP
5p ordinary		SWAP		Short		2,462	2.5402 GBP
5p ordinary		SWAP		Short		3,233	2.5522 GBP
5p ordinary		SWAP		Short		3,702	2.5484 GBP
5p ordinary		SWAP		Short		4,336	2.5474 GBP
5p ordinary		SWAP		Short		4,634	2.5414 GBP
5p ordinary		CFD		Short		7,566	2.5417 GBP
5p ordinary		SWAP		Short		7,973	2.5314 GBP
5p ordinary		SWAP		Short		13,572	2.5315 GBP
5p ordinary		SWAP		Short		14,930	2.5511 GBP
5p ordinary		SWAP		Short		27,787	2.5280 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:				4 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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