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:	22 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:	1,409,431	0.23%	5,064,969	0.82%

(2)	Cash-settled derivatives:
		4,630,370	0.75%	1,168,523	0.19%

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


	TOTAL:	6,039,801	0.98%	6,233,492	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	86	2.2218 GBP
5p ordinary	Purchase	179	2.2289 GBP
5p ordinary	Purchase	553	2.1860 GBP
5p ordinary	Purchase	594	2.1663 GBP
5p ordinary	Purchase	3,601	2.2123 GBP
5p ordinary	Purchase	3,985	2.2201 GBP
5p ordinary	Purchase	5,040	2.2264 GBP
5p ordinary	Purchase	19,719	2.2214 GBP
5p ordinary	Purchase	24,729	2.1847 GBP
5p ordinary	Sale	4	2.2300 GBP
5p ordinary	Sale	7	2.1811 GBP
5p ordinary	Sale	9	2.2480 GBP
5p ordinary	Sale	11	2.2034 GBP
5p ordinary	Sale	17	2.1798 GBP
5p ordinary	Sale	42	2.2452 GBP
5p ordinary	Sale	56	2.1702 GBP
5p ordinary	Sale	573	2.2280 GBP
5p ordinary	Sale	788	2.2240 GBP
5p ordinary	Sale	1,830	2.2441 GBP
5p ordinary	Sale	2,444	2.2151 GBP
5p ordinary	Sale	2,707	2.2121 GBP
5p ordinary	Sale	4,229	2.1680 GBP
5p ordinary	Sale	4,759	2.2460 GBP
5p ordinary	Sale	4,804	2.2436 GBP
5p ordinary	Sale	5,638	2.2190 GBP
5p ordinary	Sale	7,914	2.2358 GBP
5p ordinary	Sale	8,219	2.2037 GBP
5p ordinary	Sale	8,376	2.2176 GBP
5p ordinary	Sale	9,912	2.2146 GBP
5p ordinary	Sale	24,040	2.2440 GBP
5p ordinary	Sale	144,302	2.2315 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	2,707	2.2121 GBP
5p ordinary	SWAP	Long	4,622	2.1828 GBP
5p ordinary	SWAP	Long	5,290	2.2424 GBP
5p ordinary	CFD	Long	6,284	2.2176 GBP
5p ordinary	SWAP	Long	8,219	2.2037 GBP
5p ordinary	SWAP	Long	11,786	2.2440 GBP
5p ordinary	CFD	Long	12,254	2.2440 GBP
5p ordinary	SWAP	Long	19,039	2.2033 GBP
5p ordinary	SWAP	Long	23,085	2.2285 GBP
5p ordinary	SWAP	Long	26,066	2.2180 GBP
5p ordinary	SWAP	Long	41,198	2.2302 GBP
5p ordinary	CFD	Long	54,076	2.2438 GBP
5p ordinary	CFD	Short	179	2.2289 GBP
5p ordinary	SWAP	Short	538	2.1660 GBP
5p ordinary	SWAP	Short	715	2.1894 GBP
5p ordinary	SWAP	Short	2,708	2.1970 GBP
5p ordinary	SWAP	Short	3,887	2.2060 GBP
5p ordinary	SWAP	Short	5,040	2.2264 GBP
5p ordinary	SWAP	Short	8,479	2.2184 GBP
5p ordinary	SWAP	Short	10,239	2.2288 GBP
5p ordinary	CFD	Short	24,729	2.1847 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:				25 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 +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.