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:				05 January 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:		609,119	0.10%	10,165,784	1.66%
(2)	Cash-settled derivatives:
			9,817,602	1.60%	245,112	0.04%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:		0	0.00%	0	0.00%
	TOTAL:		10,426,721	1.70%	10,410,896	1.70%

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		172		2.6027 GBP
5p ordinary		Purchase		244		2.6257 GBP
5p ordinary		Purchase		263		2.5920 GBP
5p ordinary		Purchase		358		2.6280 GBP
5p ordinary		Purchase		567		2.6440 GBP
5p ordinary		Purchase		1,134		2.6457 GBP
5p ordinary		Purchase		1,227		2.5926 GBP
5p ordinary		Purchase		1,242		2.6051 GBP
5p ordinary		Purchase		1,392		2.5962 GBP
5p ordinary		Purchase		1,467		2.6369 GBP
5p ordinary		Purchase		1,542		2.5865 GBP
5p ordinary		Purchase		1,769		2.5910 GBP
5p ordinary		Purchase		2,022		2.6131 GBP
5p ordinary		Purchase		2,422		2.6336 GBP
5p ordinary		Purchase		4,554		2.6304 GBP
5p ordinary		Purchase		10,584		2.5740 GBP
5p ordinary		Purchase		30,191		2.5793 GBP
5p ordinary		Purchase		119,659		2.5890 GBP
5p ordinary		Sale		190		2.6160 GBP
5p ordinary		Sale		578		2.6411 GBP
5p ordinary		Sale		944		2.6479 GBP
5p ordinary		Sale		1,191		2.6261 GBP
5p ordinary		Sale		1,985		2.5873 GBP
5p ordinary		Sale		2,832		2.6301 GBP
5p ordinary		Sale		3,137		2.6013 GBP
5p ordinary		Sale		3,329		2.6363 GBP
5p ordinary		Sale		3,637		2.6248 GBP
5p ordinary		Sale		4,214		2.6394 GBP
5p ordinary		Sale		4,265		2.5740 GBP
5p ordinary		Sale		4,468		2.6111 GBP
5p ordinary		Sale		4,593		2.6321 GBP
5p ordinary		Sale		5,539		2.6316 GBP
5p ordinary		Sale		5,830		2.6440 GBP
5p ordinary		Sale		5,863		2.6050 GBP
5p ordinary		Sale		5,877		2.5741 GBP
5p ordinary		Sale		6,344		2.5738 GBP
5p ordinary		Sale		7,608		2.6400 GBP
5p ordinary		Sale		8,163		2.6066 GBP
5p ordinary		Sale		13,608		2.6133 GBP
5p ordinary		Sale		18,879		2.5824 GBP
5p ordinary		Sale		30,970		2.5835 GBP
5p ordinary		Sale		34,767		2.6250 GBP
5p ordinary		Sale		37,615		2.5770 GBP
5p ordinary		Sale		62,418		2.6276 GBP
5p ordinary		Sale		83,803		2.6300 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		348	2.6698 GBP
5p ordinary		CFD		Long		944	2.6479 GBP
5p ordinary		SWAP		Long		1,006	2.5739 GBP
5p ordinary		SWAP		Long		1,106	2.6454 GBP
5p ordinary		SWAP		Long		1,726	2.6203 GBP
5p ordinary		CFD		Long		1,985	2.5873 GBP
5p ordinary		SWAP		Long		4,265	2.5740 GBP
5p ordinary		SWAP		Long		4,285	2.6194 GBP
5p ordinary		CFD		Long		4,593	2.6321 GBP
5p ordinary		CFD		Long		5,863	2.6050 GBP
5p ordinary		CFD		Long		6,344	2.5738 GBP
5p ordinary		SWAP		Long		6,959	2.6456 GBP
5p ordinary		SWAP		Long		7,001	2.6362 GBP
5p ordinary		CFD		Long		8,163	2.6066 GBP
5p ordinary		SWAP		Long		9,844	2.6233 GBP
5p ordinary		SWAP		Long		10,072	2.6137 GBP
5p ordinary		SWAP		Long		13,364	2.6353 GBP
5p ordinary		CFD		Long		18,879	2.5824 GBP
5p ordinary		SWAP		Long		20,859	2.6349 GBP
5p ordinary		CFD		Long		21,861	2.6278 GBP
5p ordinary		SWAP		Long		22,517	2.6220 GBP
5p ordinary		SWAP		Long		28,602	2.6258 GBP
5p ordinary		SWAP		Long		39,680	2.6299 GBP
5p ordinary		SWAP		Long		42,073	2.6255 GBP
5p ordinary		SWAP		Short		68	2.6391 GBP
5p ordinary		SWAP		Short		793	2.6428 GBP
5p ordinary		SWAP		Short		2,553	2.5940 GBP
5p ordinary		CFD		Short		4,554	2.6304 GBP
5p ordinary		CFD		Short		9,429	2.6384 GBP
5p ordinary		CFD		Short		10,584	2.5740 GBP
5p ordinary		SWAP		Short		12,252	2.6249 GBP
5p ordinary		SWAP		Short		16,048	2.6271 GBP
5p ordinary		SWAP		Short		22,887	2.5740 GBP
5p ordinary		CFD		Short		63,499	2.5742 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:				6 Jan 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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