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:				28 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:		684,825	0.11%	10,489,053	1.71%
(2)	Cash-settled derivatives:
			9,913,404	1.61%	297,232	0.05%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:		0	0.00%	0	0.00%
	TOTAL:		10,598,229	1.73%	10,786,285	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		105		2.5220 GBP
5p ordinary		Purchase		123		2.5200 GBP
5p ordinary		Purchase		125		2.5380 GBP
5p ordinary		Purchase		260		2.5140 GBP
5p ordinary		Purchase		293		2.5710 GBP
5p ordinary		Purchase		1,181		2.5337 GBP
5p ordinary		Purchase		1,655		2.5513 GBP
5p ordinary		Purchase		4,075		2.5387 GBP
5p ordinary		Purchase		165,840		2.5304 GBP
5p ordinary		Purchase		209,992		2.5136 GBP
5p ordinary		Purchase		240,681		2.5100 GBP
5p ordinary		Sale		37		2.5710 GBP
5p ordinary		Sale		105		2.5222 GBP
5p ordinary		Sale		123		2.5202 GBP
5p ordinary		Sale		125		2.5382 GBP
5p ordinary		Sale		726		2.5454 GBP
5p ordinary		Sale		1,156		2.5400 GBP
5p ordinary		Sale		2,007		2.5257 GBP
5p ordinary		Sale		2,028		2.5409 GBP
5p ordinary		Sale		2,257		2.5397 GBP
5p ordinary		Sale		3,903		2.5232 GBP
5p ordinary		Sale		4,546		2.5395 GBP
5p ordinary		Sale		4,547		2.5271 GBP
5p ordinary		Sale		5,208		2.5334 GBP
5p ordinary		Sale		5,843		2.5352 GBP
5p ordinary		Sale		5,866		2.5603 GBP
5p ordinary		Sale		5,941		2.5101 GBP
5p ordinary		Sale		6,371		2.5329 GBP
5p ordinary		Sale		11,877		2.5367 GBP
5p ordinary		Sale		19,402		2.5488 GBP
5p ordinary		Sale		19,433		2.5393 GBP
5p ordinary		Sale		23,740		2.5515 GBP
5p ordinary		Sale		103,617		2.5100 GBP
5p ordinary		Sale		234,134		2.5345 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		788	2.5701 GBP
5p ordinary		SWAP		Long		2,028	2.5409 GBP
5p ordinary		SWAP		Long		3,336	2.5459 GBP
5p ordinary		SWAP		Long		3,765	2.5297 GBP
5p ordinary		SWAP		Long		4,309	2.5303 GBP
5p ordinary		SWAP		Long		4,728	2.5100 GBP
5p ordinary		SWAP		Long		7,061	2.5632 GBP
5p ordinary		CFD		Long		7,070	2.5287 GBP
5p ordinary		SWAP		Long		9,350	2.5350 GBP
5p ordinary		SWAP		Long		12,273	2.5686 GBP
5p ordinary		SWAP		Long		13,872	2.5376 GBP
5p ordinary		CFD		Long		18,315	2.5616 GBP
5p ordinary		SWAP		Long		19,431	2.5563 GBP
5p ordinary		CFD		Long		38,225	2.5188 GBP
5p ordinary		SWAP		Long		44,503	2.5499 GBP
5p ordinary		SWAP		Short		293	2.5710 GBP
5p ordinary		SWAP		Short		609	2.5380 GBP
5p ordinary		SWAP		Short		1,046	2.5591 GBP
5p ordinary		SWAP		Short		3,112	2.5407 GBP
5p ordinary		SWAP		Short		5,696	2.5357 GBP
5p ordinary		SWAP		Short		6,227	2.5670 GBP
5p ordinary		SWAP		Short		29,603	2.5182 GBP
5p ordinary		CFD		Short		34,303	2.5102 GBP
5p ordinary		SWAP		Short		49,287	2.5113 GBP
5p ordinary		SWAP		Short		87,280	2.5101 GBP
5p ordinary		SWAP		Short		115,012	2.5100 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:				31 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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