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:				18 October 2021
(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:		1,617,451	0.26%	5,093,706	0.83%
(2)	Cash-settled derivatives:
			4,668,360	0.76%	1,328,349	0.22%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:		0	0.00%	0	0.00%
	TOTAL:		6,285,811	1.02%	6,422,055	1.05%

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		90		2.2660 GBP
5p ordinary		Purchase		257		2.2760 GBP
5p ordinary		Purchase		387		2.2766 GBP
5p ordinary		Purchase		517		2.2820 GBP
5p ordinary		Purchase		727		2.2780 GBP
5p ordinary		Purchase		819		2.2870 GBP
5p ordinary		Purchase		1,171		2.2814 GBP
5p ordinary		Purchase		3,360		2.2693 GBP
5p ordinary		Purchase		3,912		2.2763 GBP
5p ordinary		Purchase		4,330		2.2909 GBP
5p ordinary		Purchase		5,593		2.2801 GBP
5p ordinary		Purchase		7,142		2.3064 GBP
5p ordinary		Purchase		8,096		2.2979 GBP
5p ordinary		Purchase		8,545		2.2779 GBP
5p ordinary		Purchase		11,599		2.2863 GBP
5p ordinary		Purchase		13,067		2.2902 GBP
5p ordinary		Purchase		14,599		2.2810 GBP
5p ordinary		Purchase		18,431		2.2783 GBP
5p ordinary		Purchase		27,376		2.2831 GBP
5p ordinary		Purchase		30,722		2.2753 GBP
5p ordinary		Purchase		38,035		2.2720 GBP
5p ordinary		Sale		169		2.2789 GBP
5p ordinary		Sale		186		2.2941 GBP
5p ordinary		Sale		257		2.2760 GBP
5p ordinary		Sale		406		2.2762 GBP
5p ordinary		Sale		517		2.2702 GBP
5p ordinary		Sale		517		2.3520 GBP
5p ordinary		Sale		1,034		2.2862 GBP
5p ordinary		Sale		2,186		2.2860 GBP
5p ordinary		Sale		2,556		2.2888 GBP
5p ordinary		Sale		3,005		2.2720 GBP
5p ordinary		Sale		3,118		2.2721 GBP
5p ordinary		Sale		3,311		2.2854 GBP
5p ordinary		Sale		3,870		2.2830 GBP
5p ordinary		Sale		4,217		2.3113 GBP
5p ordinary		Sale		7,141		2.2896 GBP
5p ordinary		Sale		7,475		2.2600 GBP
5p ordinary		Sale		18,198		2.2866 GBP
5p ordinary		Sale		22,286		2.2783 GBP
5p ordinary		Sale		24,397		2.2850 GBP
5p ordinary		Sale		29,663		2.2809 GBP
5p ordinary		Sale		95,527		2.2846 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		38	2.2939 GBP
5p ordinary		SWAP		Long		148	2.2942 GBP
5p ordinary		SWAP		Long		200	2.2769 GBP
5p ordinary		CFD		Long		3,005	2.2720 GBP
5p ordinary		SWAP		Long		4,819	2.2803 GBP
5p ordinary		CFD		Long		11,192	2.3170 GBP
5p ordinary		SWAP		Long		26,265	2.2830 GBP
5p ordinary		SWAP		Long		32,734	2.2814 GBP
5p ordinary		SWAP		Long		46,173	2.2827 GBP
5p ordinary		SWAP		Short		90	2.2660 GBP
5p ordinary		SWAP		Short		1,625	2.2870 GBP
5p ordinary		SWAP		Short		2,904	2.3123 GBP
5p ordinary		SWAP		Short		3,457	2.2942 GBP
5p ordinary		SWAP		Short		4,238	2.3024 GBP
5p ordinary		SWAP		Short		6,831	2.2774 GBP
5p ordinary		SWAP		Short		8,604	2.2737 GBP
5p ordinary		SWAP		Short		13,721	2.2720 GBP
5p ordinary		CFD		Short		20,766	2.2850 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:				19 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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