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:				09 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:		789,566	0.13%	10,479,541	1.71%
(2)	Cash-settled derivatives:
			10,146,520	1.65%	428,875	0.07%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:		0	0.00%	0	0.00%
	TOTAL:		10,936,086	1.78%	10,908,416	1.78%

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		75		2.7339 GBP
5p ordinary		Purchase		425		2.7620 GBP
5p ordinary		Purchase		543		2.7780 GBP
5p ordinary		Purchase		556		2.7800 GBP
5p ordinary		Purchase		591		2.7487 GBP
5p ordinary		Purchase		1,803		2.7713 GBP
5p ordinary		Purchase		3,046		2.7650 GBP
5p ordinary		Purchase		3,641		2.7526 GBP
5p ordinary		Purchase		5,540		2.7699 GBP
5p ordinary		Purchase		6,900		2.7523 GBP
5p ordinary		Purchase		16,667		2.7966 GBP
5p ordinary		Purchase		22,886		2.7517 GBP
5p ordinary		Purchase		33,519		2.7262 GBP
5p ordinary		Purchase		55,844		2.7736 GBP
5p ordinary		Purchase		64,786		2.8060 GBP
5p ordinary		Purchase		95,617		2.7430 GBP
5p ordinary		Sale		14		2.7160 GBP
5p ordinary		Sale		16		2.7580 GBP
5p ordinary		Sale		20		2.7760 GBP
5p ordinary		Sale		487		2.7780 GBP
5p ordinary		Sale		641		2.6970 GBP
5p ordinary		Sale		1,073		2.7576 GBP
5p ordinary		Sale		1,644		2.7565 GBP
5p ordinary		Sale		3,312		2.7715 GBP
5p ordinary		Sale		4,899		2.7370 GBP
5p ordinary		Sale		8,852		2.7756 GBP
5p ordinary		Sale		9,111		2.8061 GBP
5p ordinary		Sale		10,340		2.7818 GBP
5p ordinary		Sale		10,646		2.7726 GBP
5p ordinary		Sale		14,843		2.7586 GBP
5p ordinary		Sale		18,578		2.7024 GBP
5p ordinary		Sale		37,829		2.7413 GBP
5p ordinary		Sale		77,351		2.8060 GBP
5p ordinary		Sale		313,502		2.7908 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		20	2.7760 GBP
5p ordinary		CFD		Long		58	2.7708 GBP
5p ordinary		SWAP		Long		3,157	2.7573 GBP
5p ordinary		SWAP		Long		4,899	2.7370 GBP
5p ordinary		SWAP		Long		14,993	2.7282 GBP
5p ordinary		CFD		Long		15,377	2.7842 GBP
5p ordinary		SWAP		Long		16,791	2.7369 GBP
5p ordinary		SWAP		Long		21,038	2.7449 GBP
5p ordinary		SWAP		Long		23,092	2.8060 GBP
5p ordinary		CFD		Long		38,998	2.8057 GBP
5p ordinary		SWAP		Long		39,288	2.7748 GBP
5p ordinary		SWAP		Long		60,401	2.7925 GBP
5p ordinary		SWAP		Long		144,650	2.7924 GBP
5p ordinary		SWAP		Short		7	2.6540 GBP
5p ordinary		SWAP		Short		697	2.7011 GBP
5p ordinary		SWAP		Short		3,641	2.7526 GBP
5p ordinary		SWAP		Short		5,795	2.7423 GBP
5p ordinary		SWAP		Short		10,249	2.7439 GBP
5p ordinary		SWAP		Short		22,886	2.7517 GBP
5p ordinary		SWAP		Short		28,748	2.7303 GBP
5p ordinary		SWAP		Short		62,561	2.7527 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:				10 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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