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 interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	NATIONAL EXPRESS GROUP PLC
(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: For an opening position disclosure, state the latest practicable date prior to the disclosure	22 Nov 2021
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state “N/A”	YES: 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:	893,546	0.15%	6,688,407	1.09%

(2)	Cash-settled derivatives:
		6,408,394	1.04%	736,003	0.12%

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

(4)
	TOTAL:	7,301,940	1.19%	7,424,410	1.21%

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	283	2.2000 GBP
5p ordinary	Purchase	446	2.2060 GBP
5p ordinary	Purchase	515	2.2140 GBP
5p ordinary	Purchase	568	2.2150 GBP
5p ordinary	Purchase	593	2.2040 GBP
5p ordinary	Purchase	599	2.1890 GBP
5p ordinary	Purchase	600	2.2080 GBP
5p ordinary	Purchase	1,030	2.2477 GBP
5p ordinary	Purchase	1,108	2.2540 GBP
5p ordinary	Purchase	1,110	2.2520 GBP
5p ordinary	Purchase	1,137	2.1999 GBP
5p ordinary	Purchase	1,731	2.2031 GBP
5p ordinary	Purchase	2,286	2.2122 GBP
5p ordinary	Purchase	2,304	2.1959 GBP
5p ordinary	Purchase	2,432	2.1985 GBP
5p ordinary	Purchase	5,864	2.2525 GBP
5p ordinary	Purchase	6,619	2.2100 GBP
5p ordinary	Purchase	9,357	2.2470 GBP
5p ordinary	Purchase	11,619	2.2067 GBP
5p ordinary	Purchase	12,661	2.2113 GBP
5p ordinary	Purchase	15,161	2.1960 GBP
5p ordinary	Purchase	40,628	2.2132 GBP
5p ordinary	Purchase	45,209	2.2114 GBP
5p ordinary	Sale	283	2.2002 GBP
5p ordinary	Sale	563	2.1930 GBP
5p ordinary	Sale	566	2.2014 GBP
5p ordinary	Sale	568	2.2150 GBP
5p ordinary	Sale	593	2.2040 GBP
5p ordinary	Sale	595	2.2520 GBP
5p ordinary	Sale	599	2.1890 GBP
5p ordinary	Sale	600	2.2080 GBP
5p ordinary	Sale	817	2.2156 GBP
5p ordinary	Sale	1,030	2.2092 GBP
5p ordinary	Sale	1,108	2.2540 GBP
5p ordinary	Sale	1,119	2.1980 GBP
5p ordinary	Sale	1,161	2.1959 GBP
5p ordinary	Sale	1,408	2.2217 GBP
5p ordinary	Sale	1,655	2.2007 GBP
5p ordinary	Sale	1,704	2.2155 GBP
5p ordinary	Sale	1,895	2.2034 GBP
5p ordinary	Sale	2,268	2.2229 GBP
5p ordinary	Sale	2,312	2.2163 GBP
5p ordinary	Sale	2,429	2.1961 GBP
5p ordinary	Sale	2,632	2.2089 GBP
5p ordinary	Sale	4,937	2.2128 GBP
5p ordinary	Sale	5,157	2.1960 GBP
5p ordinary	Sale	5,943	2.2241 GBP
5p ordinary	Sale	6,120	2.2036 GBP
5p ordinary	Sale	9,357	2.2470 GBP
5p ordinary	Sale	10,707	2.2197 GBP
5p ordinary	Sale	27,906	2.2157 GBP
5p ordinary	Sale	35,538	2.2115 GBP
5p ordinary	Sale	50,119	2.2044 GBP
5p ordinary	Sale	66,339	2.1964 GBP
5p ordinary	Sale	110,745	2.2147 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	538	2.2038 GBP
5p ordinary	SWAP	Long	1,260	2.2291 GBP
5p ordinary	SWAP	Long	1,758	2.2201 GBP
5p ordinary	CFD	Long	1,910	2.1960 GBP
5p ordinary	CFD	Long	3,247	2.1959 GBP
5p ordinary	SWAP	Long	4,362	2.1970 GBP
5p ordinary	SWAP	Long	4,599	2.2199 GBP
5p ordinary	CFD	Long	7,774	2.1958 GBP
5p ordinary	SWAP	Long	8,612	2.1994 GBP
5p ordinary	SWAP	Long	10,071	2.1960 GBP
5p ordinary	SWAP	Long	11,533	2.1959 GBP
5p ordinary	SWAP	Long	15,003	2.2064 GBP
5p ordinary	CFD	Long	16,744	2.2040 GBP
5p ordinary	SWAP	Long	33,987	2.2052 GBP
5p ordinary	SWAP	Long	59,644	2.2267 GBP
5p ordinary	SWAP	Long	66,339	2.1964 GBP
5p ordinary	SWAP	Short	187	2.2420 GBP
5p ordinary	SWAP	Short	692	2.2400 GBP
5p ordinary	SWAP	Short	1,030	2.2477 GBP
5p ordinary	SWAP	Short	5,677	2.2529 GBP
5p ordinary	SWAP	Short	12,492	2.2124 GBP
5p ordinary	CFD	Short	13,309	2.1959 GBP
5p ordinary	SWAP	Short	15,803	2.2049 GBP
5p ordinary	SWAP	Short	21,386	2.2132 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:	23 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.