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 interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	NATIONAL EXPRESS GROUP PLC
(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: For an opening position disclosure, state the latest practicable date prior to the disclosure	7 Oct 2021
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state “N/A”	YES : 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:		1,752,332	0.29%	4,816,971	0.78%
(2)	Cash-settled derivatives:
			4,375,593	0.71%	1,457,168	0.24%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:		0	0.00%	0	0.00%
(4)
	TOTAL:		6,127,925	1.00%	6,274,139	1.02%

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		14		2.2921 GBP
5p ordinary		Purchase		147		2.3000 GBP
5p ordinary		Purchase		151		2.2941 GBP
5p ordinary		Purchase		181		2.2922 GBP
5p ordinary		Purchase		506		2.2960 GBP
5p ordinary		Purchase		523		2.2940 GBP
5p ordinary		Purchase		1,146		2.2900 GBP
5p ordinary		Purchase		1,314		2.2919 GBP
5p ordinary		Purchase		1,478		2.2893 GBP
5p ordinary		Purchase		1,554		2.2800 GBP
5p ordinary		Purchase		2,391		2.2909 GBP
5p ordinary		Purchase		2,405		2.2989 GBP
5p ordinary		Purchase		2,714		2.2815 GBP
5p ordinary		Purchase		2,820		2.2970 GBP
5p ordinary		Purchase		3,742		2.2937 GBP
5p ordinary		Purchase		4,142		2.2920 GBP
5p ordinary		Purchase		4,568		2.3040 GBP
5p ordinary		Purchase		4,659		2.2957 GBP
5p ordinary		Purchase		5,000		2.2840 GBP
5p ordinary		Purchase		6,981		2.2859 GBP
5p ordinary		Purchase		7,015		2.2875 GBP
5p ordinary		Purchase		7,156		2.2981 GBP
5p ordinary		Purchase		14,456		2.2836 GBP
5p ordinary		Purchase		29,336		2.2910 GBP
5p ordinary		Purchase		32,081		2.3038 GBP
5p ordinary		Purchase		36,156		2.3028 GBP
5p ordinary		Purchase		53,522		2.2980 GBP
5p ordinary		Sale		29		2.2906 GBP
5p ordinary		Sale		110		2.2922 GBP
5p ordinary		Sale		721		2.2899 GBP
5p ordinary		Sale		1,092		2.2960 GBP
5p ordinary		Sale		1,322		2.2920 GBP
5p ordinary		Sale		1,328		2.2940 GBP
5p ordinary		Sale		1,577		2.2946 GBP
5p ordinary		Sale		3,389		2.2910 GBP
5p ordinary		Sale		3,527		2.2979 GBP
5p ordinary		Sale		4,285		2.2954 GBP
5p ordinary		Sale		5,180		2.2900 GBP
5p ordinary		Sale		7,156		2.2982 GBP
5p ordinary		Sale		8,573		2.2950 GBP
5p ordinary		Sale		14,160		2.2871 GBP
5p ordinary		Sale		50,834		2.2980 GBP
5p ordinary		Sale		153,428		2.2972 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		23	2.2919 GBP
5p ordinary		SWAP		Long		29	2.2905 GBP
5p ordinary		SWAP		Long		110	2.2923 GBP
5p ordinary		SWAP		Long		721	2.2899 GBP
5p ordinary		SWAP		Long		1,577	2.2946 GBP
5p ordinary		SWAP		Long		1,717	2.2937 GBP
5p ordinary		SWAP		Long		3,527	2.2979 GBP
5p ordinary		SWAP		Long		25,224	2.2930 GBP
5p ordinary		SWAP		Long		27,143	2.2964 GBP
5p ordinary		SWAP		Long		41,430	2.2970 GBP
5p ordinary		CFD		Long		45,057	2.2980 GBP
5p ordinary		CFD		Long		79,318	2.2978 GBP
5p ordinary		SWAP		Short		18	2.2892 GBP
5p ordinary		SWAP		Short		33	2.2917 GBP
5p ordinary		SWAP		Short		55	2.2901 GBP
5p ordinary		SWAP		Short		56	2.2957 GBP
5p ordinary		SWAP		Short		78	2.2961 GBP
5p ordinary		SWAP		Short		100	2.2982 GBP
5p ordinary		SWAP		Short		110	2.2918 GBP
5p ordinary		SWAP		Short		123	2.2873 GBP
5p ordinary		SWAP		Short		133	2.2924 GBP
5p ordinary		SWAP		Short		151	2.2942 GBP
5p ordinary		SWAP		Short		211	2.2912 GBP
5p ordinary		SWAP		Short		251	2.2919 GBP
5p ordinary		SWAP		Short		301	2.2922 GBP
5p ordinary		SWAP		Short		344	2.2921 GBP
5p ordinary		SWAP		Short		457	2.2874 GBP
5p ordinary		SWAP		Short		632	2.2958 GBP
5p ordinary		SWAP		Short		896	2.2909 GBP
5p ordinary		SWAP		Short		1,010	2.2775 GBP
5p ordinary		SWAP		Short		1,141	2.2908 GBP
5p ordinary		SWAP		Short		1,146	2.2900 GBP
5p ordinary		SWAP		Short		1,460	2.2893 GBP
5p ordinary		SWAP		Short		1,967	2.2876 GBP
5p ordinary		CFD		Short		2,023	2.2943 GBP
5p ordinary		SWAP		Short		2,553	2.3029 GBP
5p ordinary		SWAP		Short		2,759	2.2969 GBP
5p ordinary		SWAP		Short		3,893	2.2956 GBP
5p ordinary		SWAP		Short		4,365	2.2920 GBP
5p ordinary		SWAP		Short		4,468	2.2875 GBP
5p ordinary		CFD		Short		5,000	2.2842 GBP
5p ordinary		SWAP		Short		5,461	2.2793 GBP
5p ordinary		SWAP		Short		6,446	2.2858 GBP
5p ordinary		SWAP		Short		21,858	2.2980 GBP
5p ordinary		SWAP		Short		29,538	2.2910 GBP
5p ordinary		CFD		Short		31,664	2.2979 GBP
5p ordinary		SWAP		Short		33,603	2.3028 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:	8 Oct 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.

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