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:	20 December 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:		567,452	0.09%	9,362,825	1.52%
(2)	Cash-settled derivatives:
			9,093,904	1.48%	259,656	0.04%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:		0	0.00%	0	0.00%
	TOTAL:		9,661,356	1.57%	9,622,481	1.57%

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	1	2.4700 GBP
5p ordinary	Purchase	7	2.4760 GBP
5p ordinary	Purchase	12	2.4558 GBP
5p ordinary	Purchase	84	2.4380 GBP
5p ordinary	Purchase	109	2.4019 GBP
5p ordinary	Purchase	564	2.4800 GBP
5p ordinary	Purchase	628	2.4652 GBP
5p ordinary	Purchase	647	2.4600 GBP
5p ordinary	Purchase	654	2.4740 GBP
5p ordinary	Purchase	761	2.4088 GBP
5p ordinary	Purchase	810	2.4140 GBP
5p ordinary	Purchase	889	2.4117 GBP
5p ordinary	Purchase	1,050	2.3920 GBP
5p ordinary	Purchase	1,271	2.3895 GBP
5p ordinary	Purchase	1,278	2.4075 GBP
5p ordinary	Purchase	1,371	2.4203 GBP
5p ordinary	Purchase	1,425	2.4160 GBP
5p ordinary	Purchase	1,439	2.4388 GBP
5p ordinary	Purchase	2,407	2.4100 GBP
5p ordinary	Purchase	3,586	2.3890 GBP
5p ordinary	Purchase	6,498	2.4598 GBP
5p ordinary	Purchase	7,537	2.3798 GBP
5p ordinary	Purchase	9,158	2.4041 GBP
5p ordinary	Purchase	10,153	2.4173 GBP
5p ordinary	Purchase	14,103	2.4390 GBP
5p ordinary	Purchase	19,549	2.4165 GBP
5p ordinary	Purchase	28,064	2.4184 GBP
5p ordinary	Purchase	65,811	2.3800 GBP
5p ordinary	Purchase	74,215	2.4145 GBP
5p ordinary	Sale	47	2.4639 GBP
5p ordinary	Sale	89	2.4700 GBP
5p ordinary	Sale	364	2.4128 GBP
5p ordinary	Sale	602	2.4860 GBP
5p ordinary	Sale	647	2.4600 GBP
5p ordinary	Sale	654	2.4740 GBP
5p ordinary	Sale	677	2.4160 GBP
5p ordinary	Sale	868	2.4601 GBP
5p ordinary	Sale	990	2.4012 GBP
5p ordinary	Sale	1,379	2.4540 GBP
5p ordinary	Sale	2,502	2.4080 GBP
5p ordinary	Sale	2,628	2.4165 GBP
5p ordinary	Sale	3,355	2.4032 GBP
5p ordinary	Sale	5,101	2.4126 GBP
5p ordinary	Sale	5,235	2.4112 GBP
5p ordinary	Sale	6,016	2.4390 GBP
5p ordinary	Sale	7,973	2.4281 GBP
5p ordinary	Sale	11,186	2.4405 GBP
5p ordinary	Sale	12,780	2.4588 GBP
5p ordinary	Sale	12,941	2.4171 GBP
5p ordinary	Sale	13,270	2.4103 GBP
5p ordinary	Sale	17,036	2.4087 GBP
5p ordinary	Sale	21,295	2.4147 GBP
5p ordinary	Sale	42,034	2.4142 GBP
5p ordinary	Sale	48,084	2.4082 GBP
5p ordinary	Sale	66,846	2.4302 GBP
5p ordinary	Sale	67,012	2.4207 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	278	2.4139 GBP
5p ordinary	CFD	Long	319	2.4698 GBP
5p ordinary	SWAP	Long	1,904	2.4419 GBP
5p ordinary	SWAP	Long	2,224	2.4072 GBP
5p ordinary	SWAP	Long	2,758	2.4049 GBP
5p ordinary	SWAP	Long	3,355	2.4032 GBP
5p ordinary	CFD	Long	3,369	2.4397 GBP
5p ordinary	SWAP	Long	5,868	2.4584 GBP
5p ordinary	CFD	Long	7,168	2.3993 GBP
5p ordinary	SWAP	Long	7,344	2.4834 GBP
5p ordinary	SWAP	Long	12,495	2.4125 GBP
5p ordinary	CFD	Long	17,036	2.4087 GBP
5p ordinary	SWAP	Long	19,534	2.4246 GBP
5p ordinary	SWAP	Long	21,483	2.4159 GBP
5p ordinary	SWAP	Long	21,558	2.4473 GBP
5p ordinary	SWAP	Long	22,711	2.4145 GBP
5p ordinary	CFD	Long	22,878	2.4239 GBP
5p ordinary	SWAP	Long	26,516	2.4216 GBP
5p ordinary	SWAP	Long	32,763	2.4212 GBP
5p ordinary	SWAP	Long	46,970	2.4205 GBP
5p ordinary	SWAP	Long	48,084	2.4082 GBP
5p ordinary	SWAP	Short	24	2.4840 GBP
5p ordinary	SWAP	Short	84	2.4380 GBP
5p ordinary	CFD	Short	196	2.4782 GBP
5p ordinary	SWAP	Short	392	2.4368 GBP
5p ordinary	SWAP	Short	614	2.4284 GBP
5p ordinary	SWAP	Short	662	2.3801 GBP
5p ordinary	CFD	Short	1,371	2.4204 GBP
5p ordinary	SWAP	Short	2,948	2.3800 GBP
5p ordinary	CFD	Short	5,186	2.4303 GBP
5p ordinary	SWAP	Short	6,032	2.4367 GBP
5p ordinary	CFD	Short	10,153	2.4173 GBP
5p ordinary	SWAP	Short	12,815	2.4033 GBP
5p ordinary	SWAP	Short	14,883	2.4357 GBP
5p ordinary	SWAP	Short	17,346	2.4085 GBP
5p ordinary	CFD	Short	17,393	2.3801 GBP
5p ordinary	SWAP	Short	31,086	2.4219 GBP
5p ordinary	CFD	Short	65,811	2.3800 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:				21 Dec 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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