Barclays PLC - Major Shareholding Notification 2021

National Storage Mechanism | Additional information

FORM 8.3 – NATIONAL EXPRESS GROUP 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:	05 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:	1,533,301	0.25%	5,245,172	0.85%

(2)	Cash-settled derivatives:
		4,840,177	0.79%	1,293,132	0.21%

(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:	0	0.00%	0	0.00%


	TOTAL:	6,373,478	1.04%	6,538,304	1.06%

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	84	2.3990 GBP
5p ordinary	Purchase	108	2.4070 GBP
5p ordinary	Purchase	137	2.4300 GBP
5p ordinary	Purchase	237	2.4037 GBP
5p ordinary	Purchase	320	2.3760 GBP
5p ordinary	Purchase	378	2.4330 GBP
5p ordinary	Purchase	581	2.4299 GBP
5p ordinary	Purchase	1,040	2.3883 GBP
5p ordinary	Purchase	1,047	2.4380 GBP
5p ordinary	Purchase	1,135	2.3880 GBP
5p ordinary	Purchase	1,490	2.4020 GBP
5p ordinary	Purchase	3,416	2.3988 GBP
5p ordinary	Purchase	3,946	2.4000 GBP
5p ordinary	Purchase	8,712	2.4378 GBP
5p ordinary	Purchase	10,668	2.4270 GBP
5p ordinary	Purchase	11,163	2.3980 GBP
5p ordinary	Purchase	40,985	2.3914 GBP
5p ordinary	Purchase	48,401	2.4358 GBP
5p ordinary	Sale	517	2.3860 GBP
5p ordinary	Sale	596	2.4000 GBP
5p ordinary	Sale	684	2.4106 GBP
5p ordinary	Sale	892	2.3309 GBP
5p ordinary	Sale	2,130	2.3246 GBP
5p ordinary	Sale	3,148	2.3643 GBP
5p ordinary	Sale	4,189	2.4380 GBP
5p ordinary	Sale	4,718	2.3994 GBP
5p ordinary	Sale	5,218	2.3990 GBP
5p ordinary	Sale	5,475	2.3508 GBP
5p ordinary	Sale	7,186	2.3765 GBP
5p ordinary	Sale	7,988	2.3739 GBP
5p ordinary	Sale	8,009	2.4194 GBP
5p ordinary	Sale	8,132	2.3658 GBP
5p ordinary	Sale	8,710	2.4361 GBP
5p ordinary	Sale	10,282	2.4335 GBP
5p ordinary	Sale	16,692	2.4190 GBP
5p ordinary	Sale	25,272	2.4181 GBP
5p ordinary	Sale	29,126	2.4158 GBP
5p ordinary	Sale	42,996	2.4195 GBP
5p ordinary	Sale	186,918	2.4229 GBP

(b) Cash-settled derivative transactions


Class of	Product	Nature of dealing	Number of	Price per
relevant	description		reference	unit
security			securities
5p ordinary	CFD	Long	17	2.3211 GBP
5p ordinary	SWAP	Long	68	2.3287 GBP
5p ordinary	SWAP	Long	80	2.4000 GBP
5p ordinary	SWAP	Long	81	2.3646 GBP
5p ordinary	SWAP	Long	138	2.3243 GBP
5p ordinary	SWAP	Long	142	2.3501 GBP
5p ordinary	SWAP	Long	214	2.3736 GBP
5p ordinary	SWAP	Long	216	2.3652 GBP
5p ordinary	SWAP	Long	329	2.3502 GBP
5p ordinary	SWAP	Long	491	2.3655 GBP
5p ordinary	SWAP	Long	760	2.3237 GBP
5p ordinary	SWAP	Long	892	2.3309 GBP
5p ordinary	SWAP	Long	1,132	2.3640 GBP
5p ordinary	SWAP	Long	1,164	2.3250 GBP
5p ordinary	SWAP	Long	1,935	2.3645 GBP
5p ordinary	SWAP	Long	1,975	2.3503 GBP
5p ordinary	SWAP	Long	2,934	2.3656 GBP
5p ordinary	SWAP	Long	3,029	2.3512 GBP
5p ordinary	SWAP	Long	3,435	2.3737 GBP
5p ordinary	CFD	Long	4,177	2.4380 GBP
5p ordinary	SWAP	Long	4,339	2.3740 GBP
5p ordinary	SWAP	Long	4,491	2.3661 GBP
5p ordinary	SWAP	Long	5,134	2.3990 GBP
5p ordinary	SWAP	Long	7,186	2.3765 GBP
5p ordinary	SWAP	Long	9,500	2.3994 GBP
5p ordinary	SWAP	Long	9,757	2.4379 GBP
5p ordinary	SWAP	Long	10,430	2.4121 GBP
5p ordinary	SWAP	Long	14,842	2.4224 GBP
5p ordinary	SWAP	Long	16,199	2.4192 GBP
5p ordinary	SWAP	Long	17,040	2.4092 GBP
5p ordinary	SWAP	Long	27,580	2.4140 GBP
5p ordinary	SWAP	Long	45,741	2.4156 GBP
5p ordinary	SWAP	Long	57,446	2.4064 GBP
5p ordinary	CFD	Long	109,171	2.4371 GBP
5p ordinary	SWAP	Short	80	2.4000 GBP
5p ordinary	SWAP	Short	276	2.2939 GBP
5p ordinary	SWAP	Short	500	2.4127 GBP
5p ordinary	SWAP	Short	1,135	2.3880 GBP
5p ordinary	SWAP	Short	1,429	2.4379 GBP
5p ordinary	SWAP	Short	6,135	2.3950 GBP
5p ordinary	SWAP	Short	35,495	2.3896 GBP

(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

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

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


Is a Supplemental Form 8 (Open Positions) attached?				NO
Date of disclosure:				8 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 +44 (0)20 7638 0129.

*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.