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:				12 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:		526,689	0.09%	10,353,008	1.69%
(2)	Cash-settled derivatives:
			9,933,869	1.62%	246,128	0.04%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:		0	0.00%	0	0.00%
	TOTAL:		10,460,558	1.70%	10,599,136	1.73%

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		153		2.5825 GBP
5p ordinary		Purchase		315		2.5730 GBP
5p ordinary		Purchase		867		2.5662 GBP
5p ordinary		Purchase		1,651		2.5691 GBP
5p ordinary		Purchase		4,474		2.5731 GBP
5p ordinary		Purchase		8,740		2.5819 GBP
5p ordinary		Purchase		9,595		2.5759 GBP
5p ordinary		Purchase		24,980		2.5729 GBP
5p ordinary		Purchase		86,332		2.5740 GBP
5p ordinary		Sale		194		2.5798 GBP
5p ordinary		Sale		315		2.5730 GBP
5p ordinary		Sale		437		2.5741 GBP
5p ordinary		Sale		549		2.5580 GBP
5p ordinary		Sale		630		2.5800 GBP
5p ordinary		Sale		761		2.5812 GBP
5p ordinary		Sale		783		2.5591 GBP
5p ordinary		Sale		1,440		2.5765 GBP
5p ordinary		Sale		2,459		2.5699 GBP
5p ordinary		Sale		2,693		2.5706 GBP
5p ordinary		Sale		2,804		2.5770 GBP
5p ordinary		Sale		3,496		2.5660 GBP
5p ordinary		Sale		5,199		2.5738 GBP
5p ordinary		Sale		5,460		2.5688 GBP
5p ordinary		Sale		6,504		2.5719 GBP
5p ordinary		Sale		18,031		2.5753 GBP
5p ordinary		Sale		26,579		2.5685 GBP
5p ordinary		Sale		53,520		2.5740 GBP
5p ordinary		Sale		59,758		2.5735 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		194	2.5798 GBP
5p ordinary		CFD		Long		783	2.5591 GBP
5p ordinary		SWAP		Long		1,093	2.5712 GBP
5p ordinary		SWAP		Long		1,366	2.5689 GBP
5p ordinary		SWAP		Long		2,224	2.5716 GBP
5p ordinary		SWAP		Long		2,259	2.5675 GBP
5p ordinary		CFD		Long		2,458	2.5656 GBP
5p ordinary		CFD		Long		2,693	2.5706 GBP
5p ordinary		SWAP		Long		4,859	2.5723 GBP
5p ordinary		SWAP		Long		4,970	2.5739 GBP
5p ordinary		CFD		Long		5,460	2.5688 GBP
5p ordinary		SWAP		Long		5,606	2.5701 GBP
5p ordinary		CFD		Long		6,504	2.5719 GBP
5p ordinary		CFD		Long		7,014	2.5737 GBP
5p ordinary		SWAP		Long		12,689	2.5775 GBP
5p ordinary		CFD		Long		13,631	2.5738 GBP
5p ordinary		SWAP		Long		19,611	2.5741 GBP
5p ordinary		CFD		Long		26,579	2.5685 GBP
5p ordinary		SWAP		Long		46,923	2.5740 GBP
5p ordinary		CFD		Short		153	2.5826 GBP
5p ordinary		SWAP		Short		222	2.5727 GBP
5p ordinary		SWAP		Short		408	2.5599 GBP
5p ordinary		SWAP		Short		1,833	2.5710 GBP
5p ordinary		SWAP		Short		3,487	2.5820 GBP
5p ordinary		SWAP		Short		3,993	2.5735 GBP
5p ordinary		SWAP		Short		4,694	2.5728 GBP
5p ordinary		SWAP		Short		5,253	2.5818 GBP
5p ordinary		SWAP		Short		9,187	2.5766 GBP
5p ordinary		SWAP		Short		11,085	2.5740 GBP
5p ordinary		SWAP		Short		21,230	2.5725 GBP
5p ordinary		CFD		Short		73,291	2.5739 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:				13 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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