Holding(s) in Company

RNS Number : 2339M

National Express Group PLC

19 May 2010

 



TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii			National Express Group PLC
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights				x
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments				x
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii		European Express Enterprises Limited
4. Full name of shareholder(s)  (if different from 3.):iv
5. Date of the transaction and date on which the threshold is crossed or reached: v		14, 17 and 18 May 2010
6. Date on which issuer notified:		18 May 2010
7. Threshold(s) that is/are crossed or reached: vi, vii		Decrease from 17.22% to 16.88% pursuant to disposals of shares.  Increase from 16.88% to 17.07% pursuant to the call option.

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB0006215205

87,836,348

87,836,348

86,105,062

86,105,062

-

16.88%

-

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Call option

263.0 pence

18 May 2013 18 June 2013 18 July 2013 18 August 2013 18 September 2013 18 October 2013 18 November 2013

785,715 785,715 785,715 785,715 785,715 785,715 785,710

Nominal

Delta

0.0277 0.0277 0.0277 0.0277 0.0277 0.0277 0.0277 0.0277

Total (A+B+C)

Number of voting rights

Percentage of voting rights

87,095,062

17.07%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Proxy Voting:
10. Name of the proxy holder:		N/A
11. Number of voting rights proxy holder will cease to hold:		N/A
12. Date on which proxy holder will cease to hold voting rights:		N/A
13. Additional information:
14. Contact name:	Tony McDonald
15. Contact telephone number:	08450 130130

 

END

 

 

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