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 October 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:		1,662,536	0.27%	4,898,181	0.80%
(2)	Cash-settled derivatives:
			4,507,535	0.73%	1,430,014	0.23%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:		0	0.00%	0	0.00%
	TOTAL:		6,170,071	1.00%	6,328,195	1.03%

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		43		2.3597 GBP
5p ordinary		Purchase		772		2.3480 GBP
5p ordinary		Purchase		807		2.3380 GBP
5p ordinary		Purchase		1,267		2.3340 GBP
5p ordinary		Purchase		1,271		2.3422 GBP
5p ordinary		Purchase		1,650		2.3417 GBP
5p ordinary		Purchase		1,776		2.3383 GBP
5p ordinary		Purchase		1,792		2.3499 GBP
5p ordinary		Purchase		2,738		2.3416 GBP
5p ordinary		Purchase		4,492		2.3454 GBP
5p ordinary		Purchase		4,585		2.3444 GBP
5p ordinary		Purchase		6,572		2.3403 GBP
5p ordinary		Purchase		10,681		2.3452 GBP
5p ordinary		Purchase		13,891		2.3580 GBP
5p ordinary		Purchase		17,338		2.3433 GBP
5p ordinary		Purchase		18,813		2.3400 GBP
5p ordinary		Sale		43		2.3600 GBP
5p ordinary		Sale		110		2.3740 GBP
5p ordinary		Sale		772		2.3480 GBP
5p ordinary		Sale		2,136		2.3366 GBP
5p ordinary		Sale		2,290		2.3445 GBP
5p ordinary		Sale		3,288		2.3581 GBP
5p ordinary		Sale		3,848		2.3429 GBP
5p ordinary		Sale		3,993		2.3433 GBP
5p ordinary		Sale		4,574		2.3482 GBP
5p ordinary		Sale		5,170		2.3483 GBP
5p ordinary		Sale		5,520		2.3340 GBP
5p ordinary		Sale		6,162		2.3360 GBP
5p ordinary		Sale		6,933		2.3400 GBP
5p ordinary		Sale		15,454		2.3461 GBP
5p ordinary		Sale		26,685		2.3580 GBP
5p ordinary		Sale		106,282		2.3554 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		1,463	2.3340 GBP
5p ordinary		SWAP		Long		1,965	2.3401 GBP
5p ordinary		CFD		Long		2,136	2.3366 GBP
5p ordinary		CFD		Long		3,848	2.3429 GBP
5p ordinary		SWAP		Long		4,197	2.3341 GBP
5p ordinary		CFD		Long		5,170	2.3483 GBP
5p ordinary		CFD		Long		13,030	2.3648 GBP
5p ordinary		SWAP		Long		13,171	2.3409 GBP
5p ordinary		CFD		Long		15,454	2.3460 GBP
5p ordinary		SWAP		Long		17,672	2.3539 GBP
5p ordinary		SWAP		Long		18,909	2.3407 GBP
5p ordinary		CFD		Long		19,845	2.3647 GBP
5p ordinary		CFD		Long		25,147	2.3580 GBP
5p ordinary		SWAP		Long		38,569	2.3551 GBP
5p ordinary		SWAP		Short		2	2.3433 GBP
5p ordinary		SWAP		Short		7	2.3369 GBP
5p ordinary		SWAP		Short		7	2.3370 GBP
5p ordinary		SWAP		Short		7	2.3387 GBP
5p ordinary		SWAP		Short		15	2.3375 GBP
5p ordinary		SWAP		Short		27	2.3499 GBP
5p ordinary		SWAP		Short		34	2.3409 GBP
5p ordinary		SWAP		Short		36	2.3361 GBP
5p ordinary		SWAP		Short		50	2.3390 GBP
5p ordinary		SWAP		Short		80	2.3506 GBP
5p ordinary		SWAP		Short		100	2.3372 GBP
5p ordinary		SWAP		Short		126	2.3438 GBP
5p ordinary		SWAP		Short		178	2.3511 GBP
5p ordinary		SWAP		Short		228	2.3415 GBP
5p ordinary		SWAP		Short		232	2.3411 GBP
5p ordinary		SWAP		Short		251	2.3444 GBP
5p ordinary		SWAP		Short		263	2.3403 GBP
5p ordinary		SWAP		Short		397	2.3439 GBP
5p ordinary		SWAP		Short		584	2.3405 GBP
5p ordinary		SWAP		Short		782	2.3452 GBP
5p ordinary		SWAP		Short		991	2.3401 GBP
5p ordinary		SWAP		Short		1,027	2.3398 GBP
5p ordinary		SWAP		Short		1,086	2.3447 GBP
5p ordinary		SWAP		Short		1,267	2.3340 GBP
5p ordinary		SWAP		Short		1,271	2.3422 GBP
5p ordinary		SWAP		Short		1,500	2.3498 GBP
5p ordinary		SWAP		Short		1,650	2.3417 GBP
5p ordinary		SWAP		Short		1,776	2.3383 GBP
5p ordinary		SWAP		Short		2,508	2.3416 GBP
5p ordinary		SWAP		Short		3,504	2.3459 GBP
5p ordinary		CFD		Short		3,744	2.3579 GBP
5p ordinary		SWAP		Short		3,754	2.3445 GBP
5p ordinary		SWAP		Short		5,239	2.3443 GBP
5p ordinary		SWAP		Short		5,580	2.3404 GBP
5p ordinary		SWAP		Short		5,827	2.3580 GBP
5p ordinary		SWAP		Short		8,547	2.3454 GBP
5p ordinary		SWAP		Short		10,449	2.3400 GBP
5p ordinary		SWAP		Short		13,294	2.3428 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:				13 Oct 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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