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:				04 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:		1,123,353	0.18%	10,116,976	1.65%
(2)	Cash-settled derivatives:
			9,809,879	1.60%	752,000	0.12%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:		0	0.00%	0	0.00%
	TOTAL:		10,933,232	1.78%	10,868,976	1.77%

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		2.0300 GBP
5p ordinary		Purchase		377		1.9820 GBP
5p ordinary		Purchase		719		2.0260 GBP
5p ordinary		Purchase		1,028		2.0307 GBP
5p ordinary		Purchase		1,464		2.0160 GBP
5p ordinary		Purchase		1,528		1.9960 GBP
5p ordinary		Purchase		1,726		2.0085 GBP
5p ordinary		Purchase		1,755		1.9872 GBP
5p ordinary		Purchase		1,946		2.0251 GBP
5p ordinary		Purchase		1,978		1.9985 GBP
5p ordinary		Purchase		2,733		2.0199 GBP
5p ordinary		Purchase		2,934		2.0090 GBP
5p ordinary		Purchase		4,478		2.0250 GBP
5p ordinary		Purchase		7,063		2.0124 GBP
5p ordinary		Purchase		7,703		2.0008 GBP
5p ordinary		Purchase		9,005		2.0082 GBP
5p ordinary		Purchase		9,662		2.0440 GBP
5p ordinary		Purchase		15,340		1.9954 GBP
5p ordinary		Purchase		17,072		1.9938 GBP
5p ordinary		Purchase		20,265		2.0532 GBP
5p ordinary		Purchase		30,000		2.0064 GBP
5p ordinary		Purchase		47,148		2.0120 GBP
5p ordinary		Purchase		73,394		2.0234 GBP
5p ordinary		Purchase		342,764		2.0118 GBP
5p ordinary		Sale		36		2.0301 GBP
5p ordinary		Sale		37		2.0120 GBP
5p ordinary		Sale		421		2.0460 GBP
5p ordinary		Sale		431		2.0100 GBP
5p ordinary		Sale		625		2.0207 GBP
5p ordinary		Sale		727		2.0470 GBP
5p ordinary		Sale		2,067		2.0251 GBP
5p ordinary		Sale		2,199		2.0225 GBP
5p ordinary		Sale		2,214		2.0210 GBP
5p ordinary		Sale		2,352		2.0367 GBP
5p ordinary		Sale		2,411		2.0252 GBP
5p ordinary		Sale		4,123		2.0476 GBP
5p ordinary		Sale		4,138		2.0480 GBP
5p ordinary		Sale		4,345		2.0488 GBP
5p ordinary		Sale		4,478		2.0250 GBP
5p ordinary		Sale		4,868		1.9995 GBP
5p ordinary		Sale		6,328		2.0338 GBP
5p ordinary		Sale		6,682		2.0309 GBP
5p ordinary		Sale		15,777		2.0172 GBP
5p ordinary		Sale		16,334		2.0343 GBP
5p ordinary		Sale		17,743		2.0060 GBP
5p ordinary		Sale		18,107		2.0440 GBP
5p ordinary		Sale		18,880		2.0146 GBP
5p ordinary		Sale		19,984		2.0221 GBP
5p ordinary		Sale		21,245		2.0467 GBP
5p ordinary		Sale		22,687		2.0117 GBP
5p ordinary		Sale		22,890		2.0159 GBP
5p ordinary		Sale		23,899		2.0228 GBP
5p ordinary		Sale		31,700		2.0441 GBP
5p ordinary		Sale		128,096		2.0267 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		695	2.0280 GBP
5p ordinary		SWAP		Long		1,574	2.0655 GBP
5p ordinary		SWAP		Long		1,999	2.0599 GBP
5p ordinary		SWAP		Long		2,199	2.0225 GBP
5p ordinary		SWAP		Long		2,296	2.0371 GBP
5p ordinary		SWAP		Long		2,346	2.0393 GBP
5p ordinary		CFD		Long		15,777	2.0172 GBP
5p ordinary		SWAP		Long		16,956	2.0526 GBP
5p ordinary		SWAP		Long		28,931	2.0244 GBP
5p ordinary		SWAP		Long		29,431	2.0433 GBP
5p ordinary		SWAP		Long		52,409	2.0219 GBP
5p ordinary		CFD		Long		56,627	2.0303 GBP
5p ordinary		SWAP		Short		600	2.0279 GBP
5p ordinary		SWAP		Short		750	1.9660 GBP
5p ordinary		SWAP		Short		1,005	2.0030 GBP
5p ordinary		SWAP		Short		4,153	2.0215 GBP
5p ordinary		SWAP		Short		4,263	2.0174 GBP
5p ordinary		SWAP		Short		6,878	1.9881 GBP
5p ordinary		SWAP		Short		7,459	1.9924 GBP
5p ordinary		CFD		Short		22,615	2.0536 GBP
5p ordinary		SWAP		Short		28,021	2.0365 GBP
5p ordinary		CFD		Short		31,673	2.0121 GBP
5p ordinary		SWAP		Short		32,043	1.9983 GBP
5p ordinary		SWAP		Short		44,150	2.0120 GBP
5p ordinary		SWAP		Short		54,563	2.0084 GBP
5p ordinary		SWAP		Short		60,178	2.0081 GBP
5p ordinary		SWAP		Short		92,844	2.0087 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:				7 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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