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 interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	NATIONAL EXPRESS GROUP PLC
(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: For an opening position disclosure, state the latest practicable date prior to the disclosure	16 FEB 2022
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state “N/A”	YES: 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:		936,751	0.15%	10,719,342	1.75%
(2)	Cash-settled derivatives:
			10,376,247	1.69%	576,932	0.09%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:		0	0.00%	0	0.00%
(4)
	TOTAL:		11,312,998	1.84%	11,296,274	1.84%

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		136		2.7580 GBP
5p ordinary		Purchase		1,084		2.7473 GBP
5p ordinary		Purchase		1,741		2.7640 GBP
5p ordinary		Purchase		2,096		2.7396 GBP
5p ordinary		Purchase		4,550		2.7760 GBP
5p ordinary		Purchase		5,091		2.7448 GBP
5p ordinary		Purchase		5,958		2.7496 GBP
5p ordinary		Purchase		6,096		2.7414 GBP
5p ordinary		Purchase		6,756		2.7501 GBP
5p ordinary		Purchase		9,440		2.7549 GBP
5p ordinary		Purchase		16,885		2.7592 GBP
5p ordinary		Purchase		77,582		2.7508 GBP
5p ordinary		Purchase		91,321		2.7517 GBP
5p ordinary		Sale		135		2.7340 GBP
5p ordinary		Sale		136		2.7580 GBP
5p ordinary		Sale		201		2.7670 GBP
5p ordinary		Sale		1,110		2.7527 GBP
5p ordinary		Sale		1,261		2.7484 GBP
5p ordinary		Sale		1,389		2.7390 GBP
5p ordinary		Sale		1,473		2.7557 GBP
5p ordinary		Sale		1,619		2.7540 GBP
5p ordinary		Sale		2,176		2.7641 GBP
5p ordinary		Sale		2,184		2.7524 GBP
5p ordinary		Sale		2,601		2.7564 GBP
5p ordinary		Sale		3,098		2.7517 GBP
5p ordinary		Sale		5,326		2.7457 GBP
5p ordinary		Sale		8,348		2.7516 GBP
5p ordinary		Sale		9,226		2.7435 GBP
5p ordinary		Sale		10,230		2.7373 GBP
5p ordinary		Sale		10,646		2.7562 GBP
5p ordinary		Sale		41,014		2.7468 GBP
5p ordinary		Sale		73,644		2.7563 GBP
5p ordinary		Sale		256,446		2.7640 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		220	2.7679 GBP
5p ordinary		SWAP		Long		600	2.7520 GBP
5p ordinary		SWAP		Long		973	2.7706 GBP
5p ordinary		SWAP		Long		1,169	2.7335 GBP
5p ordinary		SWAP		Long		2,736	2.7547 GBP
5p ordinary		CFD		Long		3,098	2.7517 GBP
5p ordinary		CFD		Long		6,569	2.7637 GBP
5p ordinary		SWAP		Long		8,067	2.7385 GBP
5p ordinary		SWAP		Long		9,834	2.7494 GBP
5p ordinary		SWAP		Long		31,974	2.7482 GBP
5p ordinary		SWAP		Long		256,446	2.7640 GBP
5p ordinary		SWAP		Short		746	2.7574 GBP
5p ordinary		SWAP		Short		2,229	2.7629 GBP
5p ordinary		SWAP		Short		3,565	2.7502 GBP
5p ordinary		SWAP		Short		3,729	2.7417 GBP
5p ordinary		SWAP		Short		3,827	2.7450 GBP
5p ordinary		SWAP		Short		5,485	2.7639 GBP
5p ordinary		SWAP		Short		11,400	2.7569 GBP
5p ordinary		SWAP		Short		14,065	2.7557 GBP
5p ordinary		SWAP		Short		17,284	2.7493 GBP
5p ordinary		SWAP		Short		17,879	2.7465 GBP
5p ordinary		SWAP		Short		34,159	2.7506 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:	17 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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