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:				17 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:		1,112,548	0.18%	10,705,085	1.74%
(2)	Cash-settled derivatives:
			10,180,357	1.66%	591,342	0.10%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:		0	0.00%	0	0.00%
	TOTAL:		11,292,905	1.84%	11,296,427	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		750		2.7440 GBP
5p ordinary		Purchase		1,095		2.7042 GBP
5p ordinary		Purchase		1,163		2.6660 GBP
5p ordinary		Purchase		2,731		2.6987 GBP
5p ordinary		Purchase		3,495		2.6943 GBP
5p ordinary		Purchase		4,267		2.7039 GBP
5p ordinary		Purchase		5,560		2.6816 GBP
5p ordinary		Purchase		10,601		2.6976 GBP
5p ordinary		Purchase		14,207		2.6878 GBP
5p ordinary		Purchase		54,103		2.7036 GBP
5p ordinary		Purchase		226,228		2.6700 GBP
5p ordinary		Sale		7		2.6922 GBP
5p ordinary		Sale		8		2.7260 GBP
5p ordinary		Sale		308		2.6880 GBP
5p ordinary		Sale		433		2.6899 GBP
5p ordinary		Sale		509		2.6634 GBP
5p ordinary		Sale		526		2.7120 GBP
5p ordinary		Sale		815		2.6741 GBP
5p ordinary		Sale		983		2.6710 GBP
5p ordinary		Sale		1,163		2.6660 GBP
5p ordinary		Sale		2,001		2.7317 GBP
5p ordinary		Sale		2,615		2.6933 GBP
5p ordinary		Sale		2,965		2.6892 GBP
5p ordinary		Sale		3,405		2.6920 GBP
5p ordinary		Sale		4,513		2.7059 GBP
5p ordinary		Sale		4,943		2.7037 GBP
5p ordinary		Sale		5,504		2.7248 GBP
5p ordinary		Sale		5,560		2.6816 GBP
5p ordinary		Sale		7,338		2.7119 GBP
5p ordinary		Sale		9,443		2.6700 GBP
5p ordinary		Sale		9,518		2.7110 GBP
5p ordinary		Sale		10,041		2.6871 GBP
5p ordinary		Sale		10,167		2.7183 GBP
5p ordinary		Sale		22,486		2.6699 GBP
5p ordinary		Sale		28,895		2.7050 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		4	2.7340 GBP
5p ordinary		SWAP		Long		5	2.6820 GBP
5p ordinary		SWAP		Long		6	2.7180 GBP
5p ordinary		SWAP		Long		8	2.6755 GBP
5p ordinary		SWAP		Long		9	2.6700 GBP
5p ordinary		SWAP		Long		345	2.7579 GBP
5p ordinary		CFD		Long		433	2.6899 GBP
5p ordinary		CFD		Long		509	2.6634 GBP
5p ordinary		SWAP		Long		628	2.7380 GBP
5p ordinary		CFD		Long		815	2.6741 GBP
5p ordinary		CFD		Long		983	2.6710 GBP
5p ordinary		SWAP		Long		1,530	2.7560 GBP
5p ordinary		SWAP		Long		1,947	2.7189 GBP
5p ordinary		CFD		Long		2,001	2.7317 GBP
5p ordinary		CFD		Long		2,615	2.6933 GBP
5p ordinary		SWAP		Long		2,700	2.6969 GBP
5p ordinary		SWAP		Long		3,233	2.6817 GBP
5p ordinary		CFD		Long		3,405	2.6920 GBP
5p ordinary		CFD		Long		4,943	2.7037 GBP
5p ordinary		CFD		Long		8,769	2.6700 GBP
5p ordinary		CFD		Long		9,518	2.7110 GBP
5p ordinary		CFD		Long		10,167	2.7183 GBP
5p ordinary		SWAP		Long		28,550	2.7043 GBP
5p ordinary		SWAP		Short		862	2.7327 GBP
5p ordinary		SWAP		Short		1,364	2.6819 GBP
5p ordinary		SWAP		Short		2,707	2.7157 GBP
5p ordinary		CFD		Short		3,300	2.7459 GBP
5p ordinary		SWAP		Short		3,870	2.6798 GBP
5p ordinary		SWAP		Short		4,817	2.6884 GBP
5p ordinary		SWAP		Short		5,931	2.6977 GBP
5p ordinary		SWAP		Short		6,433	2.6915 GBP
5p ordinary		SWAP		Short		9,237	2.6999 GBP
5p ordinary		SWAP		Short		14,074	2.7219 GBP
5p ordinary		SWAP		Short		15,580	2.7188 GBP
5p ordinary		SWAP		Short		16,884	2.6727 GBP
5p ordinary		SWAP		Short		36,585	2.6700 GBP
5p ordinary		CFD		Short		171,779	2.6700 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:				18 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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