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:				25 January 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:		515,977	0.08%	10,715,856	1.75%
(2)	Cash-settled derivatives:
			10,238,790	1.67%	255,415	0.04%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:		0	0.00%	0	0.00%
	TOTAL:		10,754,767	1.75%	10,971,271	1.79%

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		85		2.5980 GBP
5p ordinary		Purchase		186		2.5880 GBP
5p ordinary		Purchase		3,561		2.5906 GBP
5p ordinary		Purchase		5,553		2.6581 GBP
5p ordinary		Purchase		10,273		2.5811 GBP
5p ordinary		Purchase		10,275		2.5837 GBP
5p ordinary		Purchase		12,784		2.5638 GBP
5p ordinary		Purchase		16,523		2.6301 GBP
5p ordinary		Purchase		40,714		2.5795 GBP
5p ordinary		Purchase		44,820		2.6351 GBP
5p ordinary		Purchase		101,052		2.6050 GBP
5p ordinary		Purchase		123,719		2.5640 GBP
5p ordinary		Purchase		185,888		2.5876 GBP
5p ordinary		Sale		85		2.5982 GBP
5p ordinary		Sale		527		2.6660 GBP
5p ordinary		Sale		527		2.6000 GBP
5p ordinary		Sale		586		2.5560 GBP
5p ordinary		Sale		601		2.5970 GBP
5p ordinary		Sale		858		2.5990 GBP
5p ordinary		Sale		1,120		2.5794 GBP
5p ordinary		Sale		1,244		2.5555 GBP
5p ordinary		Sale		1,733		2.6519 GBP
5p ordinary		Sale		1,955		2.6709 GBP
5p ordinary		Sale		2,281		2.6537 GBP
5p ordinary		Sale		2,673		2.6094 GBP
5p ordinary		Sale		4,852		2.5901 GBP
5p ordinary		Sale		4,860		2.5727 GBP
5p ordinary		Sale		5,890		2.5847 GBP
5p ordinary		Sale		7,844		2.6017 GBP
5p ordinary		Sale		11,800		2.6005 GBP
5p ordinary		Sale		12,915		2.6061 GBP
5p ordinary		Sale		13,028		2.5640 GBP
5p ordinary		Sale		17,911		2.6137 GBP
5p ordinary		Sale		35,805		2.5883 GBP
5p ordinary		Sale		38,574		2.5986 GBP
5p ordinary		Sale		41,617		2.6287 GBP
5p ordinary		Sale		82,626		2.5949 GBP
5p ordinary		Sale		97,904		2.6003 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		25	2.6436 GBP
5p ordinary		SWAP		Long		381	2.5706 GBP
5p ordinary		SWAP		Long		863	2.5488 GBP
5p ordinary		SWAP		Long		1,955	2.6709 GBP
5p ordinary		SWAP		Long		2,249	2.6135 GBP
5p ordinary		CFD		Long		3,450	2.6656 GBP
5p ordinary		SWAP		Long		4,669	2.5937 GBP
5p ordinary		SWAP		Long		4,902	2.5583 GBP
5p ordinary		SWAP		Long		5,394	2.6073 GBP
5p ordinary		SWAP		Long		5,396	2.5639 GBP
5p ordinary		SWAP		Long		7,292	2.6000 GBP
5p ordinary		SWAP		Long		11,226	2.5640 GBP
5p ordinary		SWAP		Long		13,872	2.6002 GBP
5p ordinary		SWAP		Long		20,122	2.5930 GBP
5p ordinary		SWAP		Long		21,601	2.5609 GBP
5p ordinary		SWAP		Long		56,123	2.6111 GBP
5p ordinary		SWAP		Short		239	2.5622 GBP
5p ordinary		SWAP		Short		1,248	2.5957 GBP
5p ordinary		SWAP		Short		2,341	2.6305 GBP
5p ordinary		SWAP		Short		6,069	2.6403 GBP
5p ordinary		CFD		Short		10,273	2.5811 GBP
5p ordinary		SWAP		Short		14,182	2.6301 GBP
5p ordinary		SWAP		Short		16,934	2.5640 GBP
5p ordinary		SWAP		Short		23,562	2.5889 GBP
5p ordinary		SWAP		Short		38,751	2.6343 GBP
5p ordinary		SWAP		Short		39,161	2.5937 GBP
5p ordinary		SWAP		Short		68,374	2.5817 GBP
5p ordinary		SWAP		Short		107,854	2.5855 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:				26 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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