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:				14 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:		891,399	0.15%	10,532,767	1.72%
(2)	Cash-settled derivatives:
			10,201,183	1.66%	549,475	0.09%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:		0	0.00%	0	0.00%
	TOTAL:		11,092,582	1.81%	11,082,242	1.80%

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		31		2.7659 GBP
5p ordinary		Purchase		244		2.7600 GBP
5p ordinary		Purchase		250		2.7402 GBP
5p ordinary		Purchase		357		2.7620 GBP
5p ordinary		Purchase		737		2.7731 GBP
5p ordinary		Purchase		1,268		2.7580 GBP
5p ordinary		Purchase		1,589		2.7508 GBP
5p ordinary		Purchase		2,055		2.7692 GBP
5p ordinary		Purchase		2,220		2.7832 GBP
5p ordinary		Purchase		3,302		2.7820 GBP
5p ordinary		Purchase		3,850		2.7900 GBP
5p ordinary		Purchase		4,039		2.7871 GBP
5p ordinary		Purchase		4,572		2.7510 GBP
5p ordinary		Purchase		6,540		2.7569 GBP
5p ordinary		Purchase		9,255		2.7664 GBP
5p ordinary		Purchase		10,378		2.7702 GBP
5p ordinary		Purchase		27,587		2.7534 GBP
5p ordinary		Purchase		94,365		2.7720 GBP
5p ordinary		Purchase		154,154		2.7719 GBP
5p ordinary		Sale		157		2.7940 GBP
5p ordinary		Sale		359		2.7880 GBP
5p ordinary		Sale		399		2.7580 GBP
5p ordinary		Sale		454		2.7780 GBP
5p ordinary		Sale		779		2.7837 GBP
5p ordinary		Sale		799		2.7851 GBP
5p ordinary		Sale		901		2.7728 GBP
5p ordinary		Sale		1,148		2.7805 GBP
5p ordinary		Sale		1,598		2.7923 GBP
5p ordinary		Sale		2,062		2.7741 GBP
5p ordinary		Sale		2,069		2.7670 GBP
5p ordinary		Sale		2,274		2.7882 GBP
5p ordinary		Sale		2,457		2.7570 GBP
5p ordinary		Sale		2,466		2.7722 GBP
5p ordinary		Sale		2,470		2.7744 GBP
5p ordinary		Sale		2,841		2.7620 GBP
5p ordinary		Sale		2,989		2.7720 GBP
5p ordinary		Sale		3,138		2.7841 GBP
5p ordinary		Sale		4,090		2.7568 GBP
5p ordinary		Sale		4,200		2.7520 GBP
5p ordinary		Sale		4,869		2.7721 GBP
5p ordinary		Sale		5,358		2.7863 GBP
5p ordinary		Sale		6,691		2.7666 GBP
5p ordinary		Sale		6,970		2.7688 GBP
5p ordinary		Sale		7,142		2.7536 GBP
5p ordinary		Sale		8,150		2.7616 GBP
5p ordinary		Sale		9,255		2.7664 GBP
5p ordinary		Sale		14,987		2.7511 GBP
5p ordinary		Sale		21,771		2.7926 GBP
5p ordinary		Sale		28,165		2.7859 GBP
5p ordinary		Sale		42,749		2.7667 GBP
5p ordinary		Sale		43,254		2.7691 GBP
5p ordinary		Sale		71,777		2.7650 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		157	2.7940 GBP
5p ordinary		CFD		Long		779	2.7837 GBP
5p ordinary		CFD		Long		901	2.7729 GBP
5p ordinary		CFD		Long		2,274	2.7882 GBP
5p ordinary		SWAP		Long		2,421	2.7585 GBP
5p ordinary		CFD		Long		2,466	2.7722 GBP
5p ordinary		SWAP		Long		2,578	2.7720 GBP
5p ordinary		CFD		Long		4,261	2.7589 GBP
5p ordinary		CFD		Long		5,024	2.7817 GBP
5p ordinary		CFD		Long		5,358	2.7863 GBP
5p ordinary		CFD		Long		6,970	2.7688 GBP
5p ordinary		SWAP		Long		7,254	2.7551 GBP
5p ordinary		SWAP		Long		8,150	2.7616 GBP
5p ordinary		SWAP		Long		8,156	2.7819 GBP
5p ordinary		SWAP		Long		13,493	2.7612 GBP
5p ordinary		SWAP		Long		18,000	2.7699 GBP
5p ordinary		CFD		Long		21,771	2.7926 GBP
5p ordinary		SWAP		Long		25,247	2.7706 GBP
5p ordinary		CFD		Long		28,165	2.7859 GBP
5p ordinary		SWAP		Long		40,284	2.7641 GBP
5p ordinary		CFD		Long		43,254	2.7691 GBP
5p ordinary		SWAP		Short		32	2.7600 GBP
5p ordinary		SWAP		Short		250	2.7402 GBP
5p ordinary		SWAP		Short		2,188	2.7836 GBP
5p ordinary		SWAP		Short		4,039	2.7871 GBP
5p ordinary		SWAP		Short		5,352	2.7706 GBP
5p ordinary		SWAP		Short		12,090	2.7731 GBP
5p ordinary		SWAP		Short		13,539	2.7682 GBP
5p ordinary		SWAP		Short		20,703	2.7693 GBP
5p ordinary		SWAP		Short		24,241	2.7702 GBP
5p ordinary		CFD		Short		36,889	2.7722 GBP
5p ordinary		SWAP		Short		41,976	2.7755 GBP
5p ordinary		SWAP		Short		101,686	2.7720 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:				15 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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