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:				01 March 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:		967,297	0.16%	10,191,083	1.66%
(2)	Cash-settled derivatives:
			9,967,928	1.62%	630,816	0.10%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:		0	0.00%	0	0.00%
	TOTAL:		10,935,225	1.78%	10,821,899	1.76%

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		4		2.3420 GBP
5p ordinary		Purchase		43		2.3000 GBP
5p ordinary		Purchase		148		2.2730 GBP
5p ordinary		Purchase		432		2.2992 GBP
5p ordinary		Purchase		455		2.2200 GBP
5p ordinary		Purchase		526		2.2970 GBP
5p ordinary		Purchase		591		2.3401 GBP
5p ordinary		Purchase		626		2.3980 GBP
5p ordinary		Purchase		669		2.2120 GBP
5p ordinary		Purchase		750		2.2380 GBP
5p ordinary		Purchase		1,460		2.2140 GBP
5p ordinary		Purchase		1,518		2.2180 GBP
5p ordinary		Purchase		1,560		2.2940 GBP
5p ordinary		Purchase		2,180		2.3448 GBP
5p ordinary		Purchase		2,798		2.2764 GBP
5p ordinary		Purchase		3,078		2.2370 GBP
5p ordinary		Purchase		3,105		2.2783 GBP
5p ordinary		Purchase		4,097		2.2322 GBP
5p ordinary		Purchase		6,181		2.2840 GBP
5p ordinary		Purchase		8,747		2.2343 GBP
5p ordinary		Purchase		8,757		2.3309 GBP
5p ordinary		Purchase		9,195		2.3091 GBP
5p ordinary		Purchase		12,155		2.2862 GBP
5p ordinary		Purchase		16,605		2.2585 GBP
5p ordinary		Purchase		18,716		2.3571 GBP
5p ordinary		Purchase		25,119		2.2817 GBP
5p ordinary		Purchase		31,404		2.2924 GBP
5p ordinary		Purchase		33,690		2.3240 GBP
5p ordinary		Purchase		93,425		2.2100 GBP
5p ordinary		Purchase		97,112		2.2788 GBP
5p ordinary		Purchase		188,575		2.2145 GBP
5p ordinary		Purchase		593,577		2.2676 GBP
5p ordinary		Sale		43		2.3000 GBP
5p ordinary		Sale		127		2.3458 GBP
5p ordinary		Sale		424		2.2901 GBP
5p ordinary		Sale		526		2.2970 GBP
5p ordinary		Sale		626		2.3980 GBP
5p ordinary		Sale		669		2.2120 GBP
5p ordinary		Sale		961		2.2920 GBP
5p ordinary		Sale		994		2.2949 GBP
5p ordinary		Sale		1,246		2.3037 GBP
5p ordinary		Sale		1,449		2.3239 GBP
5p ordinary		Sale		1,844		2.2274 GBP
5p ordinary		Sale		2,007		2.2357 GBP
5p ordinary		Sale		2,185		2.2869 GBP
5p ordinary		Sale		2,460		2.2971 GBP
5p ordinary		Sale		2,747		2.2675 GBP
5p ordinary		Sale		2,891		2.2794 GBP
5p ordinary		Sale		3,575		2.3428 GBP
5p ordinary		Sale		4,081		2.4000 GBP
5p ordinary		Sale		4,300		2.4084 GBP
5p ordinary		Sale		4,382		2.3032 GBP
5p ordinary		Sale		5,149		2.2372 GBP
5p ordinary		Sale		5,700		2.3232 GBP
5p ordinary		Sale		6,181		2.2840 GBP
5p ordinary		Sale		6,465		2.2825 GBP
5p ordinary		Sale		7,090		2.2400 GBP
5p ordinary		Sale		7,493		2.2988 GBP
5p ordinary		Sale		9,475		2.2578 GBP
5p ordinary		Sale		10,392		2.2826 GBP
5p ordinary		Sale		11,688		2.2890 GBP
5p ordinary		Sale		16,379		2.2101 GBP
5p ordinary		Sale		20,000		2.2180 GBP
5p ordinary		Sale		22,415		2.2611 GBP
5p ordinary		Sale		23,728		2.2670 GBP
5p ordinary		Sale		27,980		2.2535 GBP
5p ordinary		Sale		29,397		2.2576 GBP
5p ordinary		Sale		59,969		2.2589 GBP
5p ordinary		Sale		88,912		2.2770 GBP
5p ordinary		Sale		123,324		2.2100 GBP
5p ordinary		Sale		168,681		2.2900 GBP
5p ordinary		Sale		176,805		2.2129 GBP
5p ordinary		Sale		184,653		2.2429 GBP
5p ordinary		Sale		204,958		2.2452 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		22	2.3039 GBP
5p ordinary		CFD		Long		127	2.3458 GBP
5p ordinary		SWAP		Long		7,471	2.2988 GBP
5p ordinary		CFD		Long		11,029	2.2554 GBP
5p ordinary		CFD		Long		11,607	2.2144 GBP
5p ordinary		SWAP		Long		15,085	2.2830 GBP
5p ordinary		SWAP		Long		26,050	2.2606 GBP
5p ordinary		SWAP		Long		32,706	2.2445 GBP
5p ordinary		SWAP		Long		44,357	2.2545 GBP
5p ordinary		SWAP		Long		101,602	2.2365 GBP
5p ordinary		CFD		Long		121,567	2.2100 GBP
5p ordinary		SWAP		Short		34	2.3300 GBP
5p ordinary		CFD		Short		838	2.3941 GBP
5p ordinary		SWAP		Short		1,374	2.2920 GBP
5p ordinary		SWAP		Short		1,578	2.3806 GBP
5p ordinary		SWAP		Short		1,837	2.3776 GBP
5p ordinary		SWAP		Short		2,602	2.2740 GBP
5p ordinary		CFD		Short		3,828	2.2529 GBP
5p ordinary		SWAP		Short		4,632	2.3082 GBP
5p ordinary		CFD		Short		8,109	2.2101 GBP
5p ordinary		CFD		Short		16,605	2.2585 GBP
5p ordinary		SWAP		Short		17,412	2.3102 GBP
5p ordinary		SWAP		Short		24,192	2.2816 GBP
5p ordinary		SWAP		Short		87,062	2.2836 GBP
5p ordinary		SWAP		Short		88,546	2.2100 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:				2 Mar 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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