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:				04 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:		652,478	0.11%	10,147,187	1.65%
(2)	Cash-settled derivatives:
			9,781,898	1.59%	327,726	0.05%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:		0	0.00%	0	0.00%
	TOTAL:		10,434,376	1.70%	10,474,913	1.71%

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		54		2.4720 GBP
5p ordinary		Purchase		66		2.4750 GBP
5p ordinary		Purchase		75		2.4669 GBP
5p ordinary		Purchase		120		2.4600 GBP
5p ordinary		Purchase		152		2.4696 GBP
5p ordinary		Purchase		1,052		2.4880 GBP
5p ordinary		Purchase		1,932		2.4753 GBP
5p ordinary		Purchase		3,586		2.4764 GBP
5p ordinary		Purchase		8,326		2.4769 GBP
5p ordinary		Purchase		9,812		2.4704 GBP
5p ordinary		Purchase		22,370		2.4711 GBP
5p ordinary		Purchase		29,148		2.4739 GBP
5p ordinary		Purchase		35,172		2.4787 GBP
5p ordinary		Purchase		125,459		2.4665 GBP
5p ordinary		Purchase		130,825		2.4740 GBP
5p ordinary		Purchase		227,278		2.4727 GBP
5p ordinary		Sale		53		2.4680 GBP
5p ordinary		Sale		536		2.4560 GBP
5p ordinary		Sale		586		2.4980 GBP
5p ordinary		Sale		1,584		2.4687 GBP
5p ordinary		Sale		2,470		2.4961 GBP
5p ordinary		Sale		2,915		2.4689 GBP
5p ordinary		Sale		3,281		2.4733 GBP
5p ordinary		Sale		3,359		2.4653 GBP
5p ordinary		Sale		3,644		2.4795 GBP
5p ordinary		Sale		3,860		2.4819 GBP
5p ordinary		Sale		5,440		2.4720 GBP
5p ordinary		Sale		7,782		2.4714 GBP
5p ordinary		Sale		7,887		2.4804 GBP
5p ordinary		Sale		8,109		2.4640 GBP
5p ordinary		Sale		8,918		2.4859 GBP
5p ordinary		Sale		11,399		2.4737 GBP
5p ordinary		Sale		12,058		2.4721 GBP
5p ordinary		Sale		13,630		2.4697 GBP
5p ordinary		Sale		16,239		2.4630 GBP
5p ordinary		Sale		16,670		2.4691 GBP
5p ordinary		Sale		24,802		2.4730 GBP
5p ordinary		Sale		30,331		2.4741 GBP
5p ordinary		Sale		30,836		2.4566 GBP
5p ordinary		Sale		35,373		2.4711 GBP
5p ordinary		Sale		42,647		2.4601 GBP
5p ordinary		Sale		52,616		2.4777 GBP
5p ordinary		Sale		171,827		2.4739 GBP
5p ordinary		Sale		179,278		2.4740 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		203	2.5135 GBP
5p ordinary		SWAP		Long		246	2.5052 GBP
5p ordinary		CFD		Long		307	2.4817 GBP
5p ordinary		SWAP		Long		1,390	2.4781 GBP
5p ordinary		SWAP		Long		1,402	2.5071 GBP
5p ordinary		SWAP		Long		2,586	2.4894 GBP
5p ordinary		SWAP		Long		3,411	2.4783 GBP
5p ordinary		SWAP		Long		3,998	2.4740 GBP
5p ordinary		SWAP		Long		7,140	2.4745 GBP
5p ordinary		CFD		Long		8,178	2.4739 GBP
5p ordinary		SWAP		Long		19,569	2.4769 GBP
5p ordinary		CFD		Long		169,857	2.4740 GBP
5p ordinary		CFD		Short		2	2.4750 GBP
5p ordinary		SWAP		Short		3	2.4800 GBP
5p ordinary		SWAP		Short		32	2.4900 GBP
5p ordinary		SWAP		Short		64	2.4749 GBP
5p ordinary		SWAP		Short		75	2.4670 GBP
5p ordinary		SWAP		Short		113	2.4720 GBP
5p ordinary		SWAP		Short		118	2.4640 GBP
5p ordinary		SWAP		Short		120	2.4600 GBP
5p ordinary		SWAP		Short		2,083	2.4808 GBP
5p ordinary		SWAP		Short		2,744	2.4684 GBP
5p ordinary		SWAP		Short		2,744	2.4799 GBP
5p ordinary		SWAP		Short		4,438	2.4739 GBP
5p ordinary		SWAP		Short		4,505	2.4671 GBP
5p ordinary		SWAP		Short		4,536	2.4774 GBP
5p ordinary		SWAP		Short		5,276	2.4644 GBP
5p ordinary		CFD		Short		6,718	2.4893 GBP
5p ordinary		SWAP		Short		11,261	2.4744 GBP
5p ordinary		SWAP		Short		11,325	2.4713 GBP
5p ordinary		SWAP		Short		17,658	2.4820 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:				7 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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