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:	23 September 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:	2,304,878	0.38%	4,484,901	0.73%

(2)	Cash-settled derivatives:
		3,889,460	0.63%	1,802,008	0.29%

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


	TOTAL:	6,194,338	1.01%	6,286,909	1.02%

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	22	2.3618 GBP
5p ordinary	Purchase	88	2.3400 GBP
5p ordinary	Purchase	463	2.3360 GBP
5p ordinary	Purchase	1,009	2.3700 GBP
5p ordinary	Purchase	3,425	2.3280 GBP
5p ordinary	Purchase	3,913	2.3580 GBP
5p ordinary	Purchase	4,077	2.3552 GBP
5p ordinary	Purchase	4,559	2.3660 GBP
5p ordinary	Purchase	4,673	2.3653 GBP
5p ordinary	Purchase	5,775	2.3643 GBP
5p ordinary	Purchase	6,947	2.3674 GBP
5p ordinary	Purchase	7,008	2.3626 GBP
5p ordinary	Purchase	7,272	2.3620 GBP
5p ordinary	Purchase	7,803	2.3471 GBP
5p ordinary	Purchase	9,080	2.3602 GBP
5p ordinary	Purchase	10,407	2.3710 GBP
5p ordinary	Purchase	15,553	2.3472 GBP
5p ordinary	Purchase	17,156	2.3496 GBP
5p ordinary	Purchase	20,884	2.3648 GBP
5p ordinary	Purchase	23,589	2.3720 GBP
5p ordinary	Sale	253	2.3659 GBP
5p ordinary	Sale	463	2.3360 GBP
5p ordinary	Sale	1,114	2.3520 GBP
5p ordinary	Sale	1,200	2.3380 GBP
5p ordinary	Sale	1,487	2.3390 GBP
5p ordinary	Sale	2,164	2.3400 GBP
5p ordinary	Sale	2,613	2.3629 GBP
5p ordinary	Sale	2,662	2.3327 GBP
5p ordinary	Sale	3,609	2.3564 GBP
5p ordinary	Sale	4,252	2.3639 GBP
5p ordinary	Sale	5,679	2.3720 GBP
5p ordinary	Sale	6,850	2.3280 GBP
5p ordinary	Sale	8,260	2.3553 GBP
5p ordinary	Sale	10,407	2.3711 GBP
5p ordinary	Sale	11,798	2.3539 GBP
5p ordinary	Sale	13,575	2.3551 GBP
5p ordinary	Sale	17,500	2.3378 GBP
5p ordinary	Sale	53,800	2.3642 GBP
5p ordinary	Sale	166,876	2.3640 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	253	2.3659 GBP
5p ordinary	CFD	Long	3,609	2.3564 GBP
5p ordinary	SWAP	Long	4,027	2.3466 GBP
5p ordinary	CFD	Long	5,672	2.3719 GBP
5p ordinary	CFD	Long	8,778	2.3404 GBP
5p ordinary	SWAP	Long	17,500	2.3378 GBP
5p ordinary	SWAP	Long	27,125	2.3503 GBP
5p ordinary	SWAP	Long	32,445	2.3595 GBP
5p ordinary	SWAP	Long	60,463	2.3620 GBP
5p ordinary	CFD	Long	69,835	2.3718 GBP
5p ordinary	CFD	Short	22	2.3622 GBP
5p ordinary	SWAP	Short	997	2.3606 GBP
5p ordinary	SWAP	Short	1,011	2.3643 GBP
5p ordinary	SWAP	Short	2,198	2.3612 GBP
5p ordinary	SWAP	Short	2,660	2.3479 GBP
5p ordinary	SWAP	Short	3,562	2.3675 GBP
5p ordinary	SWAP	Short	3,903	2.3467 GBP
5p ordinary	SWAP	Short	4,099	2.3720 GBP
5p ordinary	SWAP	Short	6,368	2.3502 GBP
5p ordinary	SWAP	Short	8,272	2.3459 GBP
5p ordinary	CFD	Short	14,506	2.3579 GBP
5p ordinary	CFD	Short	15,236	2.3719 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:				24 Sep 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.