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:				12 November 2021
(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:		1,184,743	0.19%	5,616,419	0.91%
(2)	Cash-settled derivatives:
			5,246,896	0.85%	940,891	0.15%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:		0	0.00%	0	0.00%
	TOTAL:		6,431,639	1.05%	6,557,310	1.07%

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		114		2.3947 GBP
5p ordinary		Purchase		205		2.3540 GBP
5p ordinary		Purchase		262		2.3700 GBP
5p ordinary		Purchase		606		2.3520 GBP
5p ordinary		Purchase		874		2.3716 GBP
5p ordinary		Purchase		1,000		2.3460 GBP
5p ordinary		Purchase		1,108		2.3609 GBP
5p ordinary		Purchase		1,431		2.3780 GBP
5p ordinary		Purchase		1,480		2.3580 GBP
5p ordinary		Purchase		1,566		2.3740 GBP
5p ordinary		Purchase		1,659		2.3653 GBP
5p ordinary		Purchase		1,935		2.3800 GBP
5p ordinary		Purchase		3,434		2.3663 GBP
5p ordinary		Purchase		3,514		2.3675 GBP
5p ordinary		Purchase		4,216		2.3683 GBP
5p ordinary		Purchase		4,659		2.3573 GBP
5p ordinary		Purchase		5,012		2.3673 GBP
5p ordinary		Purchase		5,104		2.3754 GBP
5p ordinary		Purchase		7,244		2.3802 GBP
5p ordinary		Purchase		7,953		2.3674 GBP
5p ordinary		Purchase		9,210		2.3633 GBP
5p ordinary		Purchase		14,096		2.3658 GBP
5p ordinary		Purchase		14,534		2.3701 GBP
5p ordinary		Purchase		15,791		2.3777 GBP
5p ordinary		Purchase		18,534		2.3799 GBP
5p ordinary		Purchase		21,720		2.3781 GBP
5p ordinary		Sale		40		2.3597 GBP
5p ordinary		Sale		49		2.3727 GBP
5p ordinary		Sale		69		2.3746 GBP
5p ordinary		Sale		105		2.3821 GBP
5p ordinary		Sale		129		2.3829 GBP
5p ordinary		Sale		146		2.3766 GBP
5p ordinary		Sale		183		2.3740 GBP
5p ordinary		Sale		249		2.3741 GBP
5p ordinary		Sale		385		2.3751 GBP
5p ordinary		Sale		528		2.3845 GBP
5p ordinary		Sale		534		2.3860 GBP
5p ordinary		Sale		606		2.3520 GBP
5p ordinary		Sale		629		2.3698 GBP
5p ordinary		Sale		728		2.3726 GBP
5p ordinary		Sale		1,030		2.3820 GBP
5p ordinary		Sale		1,589		2.3789 GBP
5p ordinary		Sale		2,869		2.3826 GBP
5p ordinary		Sale		2,948		2.3788 GBP
5p ordinary		Sale		3,187		2.3653 GBP
5p ordinary		Sale		3,236		2.3753 GBP
5p ordinary		Sale		3,245		2.3790 GBP
5p ordinary		Sale		3,920		2.3841 GBP
5p ordinary		Sale		4,442		2.3864 GBP
5p ordinary		Sale		4,611		2.3890 GBP
5p ordinary		Sale		4,669		2.3839 GBP
5p ordinary		Sale		5,077		2.3755 GBP
5p ordinary		Sale		9,959		2.3580 GBP
5p ordinary		Sale		17,549		2.3792 GBP
5p ordinary		Sale		42,541		2.3840 GBP
5p ordinary		Sale		48,857		2.3660 GBP
5p ordinary		Sale		104,450		2.3787 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		6	2.3726 GBP
5p ordinary		SWAP		Long		9	2.3747 GBP
5p ordinary		SWAP		Long		21	2.3738 GBP
5p ordinary		SWAP		Long		40	2.3597 GBP
5p ordinary		SWAP		Long		43	2.3727 GBP
5p ordinary		SWAP		Long		51	2.3752 GBP
5p ordinary		SWAP		Long		60	2.3746 GBP
5p ordinary		SWAP		Long		93	2.3821 GBP
5p ordinary		SWAP		Long		129	2.3829 GBP
5p ordinary		CFD		Long		146	2.3766 GBP
5p ordinary		SWAP		Long		218	2.3872 GBP
5p ordinary		SWAP		Long		322	2.3825 GBP
5p ordinary		SWAP		Long		334	2.3751 GBP
5p ordinary		SWAP		Long		411	2.3741 GBP
5p ordinary		SWAP		Long		1,055	2.3791 GBP
5p ordinary		SWAP		Long		1,577	2.3823 GBP
5p ordinary		SWAP		Long		3,387	2.3887 GBP
5p ordinary		CFD		Long		3,713	2.3816 GBP
5p ordinary		CFD		Long		3,808	2.3838 GBP
5p ordinary		SWAP		Long		4,669	2.3839 GBP
5p ordinary		CFD		Long		9,139	2.3840 GBP
5p ordinary		SWAP		Long		16,891	2.3681 GBP
5p ordinary		SWAP		Long		33,402	2.3840 GBP
5p ordinary		SWAP		Long		36,756	2.3792 GBP
5p ordinary		SWAP		Long		47,723	2.3806 GBP
5p ordinary		SWAP		Short		19	2.3598 GBP
5p ordinary		SWAP		Short		31	2.3773 GBP
5p ordinary		CFD		Short		114	2.3947 GBP
5p ordinary		SWAP		Short		1,047	2.3721 GBP
5p ordinary		SWAP		Short		2,181	2.3830 GBP
5p ordinary		SWAP		Short		4,185	2.3682 GBP
5p ordinary		SWAP		Short		5,951	2.3805 GBP
5p ordinary		SWAP		Short		14,515	2.3702 GBP
5p ordinary		CFD		Short		15,791	2.3777 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:				15 Nov 2021
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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