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	20 Jan 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:		655,731	0.11%	10,478,781	1.71%
(2)	Cash-settled derivatives:
			9,855,068	1.60%	256,822	0.04%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:		0	0.00%	0	0.00%
(4)
	TOTAL:		10,510,799	1.71%	10,735,603	1.75%

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		22		2.6400 GBP
5p ordinary		Purchase		104		2.6967 GBP
5p ordinary		Purchase		117		2.6797 GBP
5p ordinary		Purchase		281		2.6193 GBP
5p ordinary		Purchase		807		2.6130 GBP
5p ordinary		Purchase		1,433		2.5893 GBP
5p ordinary		Purchase		2,841		2.6576 GBP
5p ordinary		Purchase		3,104		2.6096 GBP
5p ordinary		Purchase		4,146		2.6403 GBP
5p ordinary		Purchase		4,173		2.5962 GBP
5p ordinary		Purchase		5,287		2.6578 GBP
5p ordinary		Purchase		6,153		2.5939 GBP
5p ordinary		Purchase		8,474		2.6045 GBP
5p ordinary		Purchase		19,708		2.6275 GBP
5p ordinary		Purchase		29,688		2.6183 GBP
5p ordinary		Purchase		145,728		2.6580 GBP
5p ordinary		Sale		68		2.6040 GBP
5p ordinary		Sale		71		2.6302 GBP
5p ordinary		Sale		141		2.6578 GBP
5p ordinary		Sale		150		2.6828 GBP
5p ordinary		Sale		186		2.6102 GBP
5p ordinary		Sale		253		2.6579 GBP
5p ordinary		Sale		388		2.5920 GBP
5p ordinary		Sale		547		2.5910 GBP
5p ordinary		Sale		553		2.6599 GBP
5p ordinary		Sale		580		2.5960 GBP
5p ordinary		Sale		1,433		2.5893 GBP
5p ordinary		Sale		2,862		2.6084 GBP
5p ordinary		Sale		3,984		2.6020 GBP
5p ordinary		Sale		13,266		2.6476 GBP
5p ordinary		Sale		15,441		2.6390 GBP
5p ordinary		Sale		37,980		2.6514 GBP
5p ordinary		Sale		70,481		2.6580 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		1	2.6600 GBP
5p ordinary		CFD		Long		35	2.6840 GBP
5p ordinary		SWAP		Long		141	2.6578 GBP
5p ordinary		SWAP		Long		253	2.6579 GBP
5p ordinary		SWAP		Long		566	2.6599 GBP
5p ordinary		SWAP		Long		908	2.6232 GBP
5p ordinary		SWAP		Long		3,121	2.6528 GBP
5p ordinary		SWAP		Long		4,552	2.6427 GBP
5p ordinary		SWAP		Long		6,453	2.6628 GBP
5p ordinary		SWAP		Long		10,809	2.6218 GBP
5p ordinary		SWAP		Long		12,307	2.6355 GBP
5p ordinary		CFD		Long		22,636	2.6577 GBP
5p ordinary		SWAP		Long		56,273	2.6580 GBP
5p ordinary		CFD		Short		117	2.6797 GBP
5p ordinary		SWAP		Short		505	2.6267 GBP
5p ordinary		SWAP		Short		988	2.6181 GBP
5p ordinary		SWAP		Short		1,152	2.6200 GBP
5p ordinary		SWAP		Short		1,778	2.6520 GBP
5p ordinary		SWAP		Short		3,559	2.6258 GBP
5p ordinary		CFD		Short		3,613	2.6582 GBP
5p ordinary		CFD		Short		4,146	2.6403 GBP
5p ordinary		SWAP		Short		6,075	2.6374 GBP
5p ordinary		SWAP		Short		6,271	2.5884 GBP
5p ordinary		SWAP		Short		6,781	2.6119 GBP
5p ordinary		SWAP		Short		7,322	2.6021 GBP
5p ordinary		SWAP		Short		27,910	2.6162 GBP
5p ordinary		CFD		Short		145,728	2.6579 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 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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