Financial Services Authority
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
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1. Identity of the issuer or the underlying issuer
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National Express Group Plc |
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2. Reason for the notification (please tick the appropriate box or boxes): |
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An acquisition or disposal of voting rights |
Yes |
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An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached.
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An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
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An event changing the breakdown of voting rights |
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Other (please specify):
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3. Full name of person(s) subject to the |
Legal & General Group Plc (Group)
Legal & General Investment Management Limited (LGIM)
Legal & General Group Plc (L&G)
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4. Full name of shareholder(s) |
Legal & General Assurance Society Limited (LGAS & LGPL)
Legal & General Assurance (Pensions Management) Limited (PMC)
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5. Date of the transaction and date on |
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6. Date on which issuer notified: |
28 April 2010 |
7. Threshold(s) that is/are crossed or
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Group (Above 10%)
LGIM (Above 10%)
L&G (From 7% to 8%) |
8. Notified details:
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A: Voting rights attached to shares |
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Class/type of
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Situation previous |
Resulting situation after the triggering transaction |
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Number |
Number |
Number |
Number of voting |
% of voting rights |
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Direct |
Indirect |
Direct |
Indirect |
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Ordinary 5p |
42,268,750 (As on 09/03/2010) (LGIM)
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52,381,157 |
41,937,053 |
10,444,104 |
8.222% |
2.047% |
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37,003,134 (As on 09/03/2010) (L&G)
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B: Qualifying Financial Instruments |
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Resulting situation after the triggering transaction |
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Type of financial |
Expiration |
Exercise/ |
Number of voting |
% of voting |
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments |
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Resulting situation after the triggering transaction |
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Type of financial
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Exercise price |
Expiration date |
Exercise/ |
Number of voting rights instrument refers to
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% of voting rights
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CFD |
N/A |
N/A |
N/A |
248,000
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Nominal |
Delta |
0.048% |
0.048% |
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Total (A+B+C) |
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Number of voting rights |
Percentage of voting rights |
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52,629,157 (LGIM)
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10.31% |
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41,937,053 (L&G) |
8.22% |
9. Chain of controlled undertakings through which the voting rights and/or the |
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Proxy Voting: |
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10. Name of the proxy holder: |
N/A |
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11. Number of voting rights proxy holder will cease |
N/A |
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12. Date on which proxy holder will cease to hold |
N/A |
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Notification using the total voting rights figure of 510,057,338 |
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14. Contact name: |
Tina Holland |
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15. Contact telephone number: |
020 7506 4305 |
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