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:	08 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:	1,475,640	0.24%	5,502,743	0.90%

(2)	Cash-settled derivatives:
		5,104,487	0.83%	1,211,674	0.20%

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


	TOTAL:	6,580,127	1.07%	6,714,417	1.09%

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	48	2.4101 GBP
5p ordinary	Purchase	556	2.4020 GBP
5p ordinary	Purchase	1,203	2.4080 GBP
5p ordinary	Purchase	2,016	2.4115 GBP
5p ordinary	Purchase	2,438	2.4089 GBP
5p ordinary	Purchase	2,703	2.4097 GBP
5p ordinary	Purchase	3,346	2.4069 GBP
5p ordinary	Purchase	3,526	2.4122 GBP
5p ordinary	Purchase	3,875	2.4060 GBP
5p ordinary	Purchase	3,875	2.4140 GBP
5p ordinary	Purchase	4,158	2.4100 GBP
5p ordinary	Purchase	4,370	2.4070 GBP
5p ordinary	Purchase	4,810	2.4127 GBP
5p ordinary	Purchase	5,430	2.4090 GBP
5p ordinary	Purchase	9,403	2.4098 GBP
5p ordinary	Purchase	15,309	2.4082 GBP
5p ordinary	Purchase	16,987	2.4028 GBP
5p ordinary	Purchase	18,749	2.4073 GBP
5p ordinary	Purchase	20,552	2.4062 GBP
5p ordinary	Purchase	23,594	2.4043 GBP
5p ordinary	Purchase	43,420	2.4091 GBP
5p ordinary	Purchase	102,361	2.4075 GBP
5p ordinary	Sale	152	2.4017 GBP
5p ordinary	Sale	556	2.4034 GBP
5p ordinary	Sale	678	2.4114 GBP
5p ordinary	Sale	690	2.4032 GBP
5p ordinary	Sale	1,293	2.4100 GBP
5p ordinary	Sale	1,401	2.4111 GBP
5p ordinary	Sale	1,556	2.4083 GBP
5p ordinary	Sale	1,667	2.4059 GBP
5p ordinary	Sale	1,716	2.4080 GBP
5p ordinary	Sale	1,932	2.4201 GBP
5p ordinary	Sale	2,281	2.4132 GBP
5p ordinary	Sale	3,350	2.4120 GBP
5p ordinary	Sale	3,780	2.4042 GBP
5p ordinary	Sale	3,875	2.4140 GBP
5p ordinary	Sale	4,393	2.4060 GBP
5p ordinary	Sale	4,396	2.4074 GBP
5p ordinary	Sale	4,795	2.4063 GBP
5p ordinary	Sale	5,657	2.4102 GBP
5p ordinary	Sale	6,696	2.4081 GBP
5p ordinary	Sale	6,855	2.4071 GBP
5p ordinary	Sale	6,871	2.4022 GBP
5p ordinary	Sale	8,970	2.4079 GBP
5p ordinary	Sale	13,986	2.4047 GBP
5p ordinary	Sale	76,859	2.4153 GBP
5p ordinary	Sale	82,455	2.4077 GBP
5p ordinary	Sale	133,265	2.4088 GBP
5p ordinary	Sale	227,836	2.4072 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	22	2.4095 GBP
5p ordinary	SWAP	Long	37	2.4125 GBP
5p ordinary	SWAP	Long	38	2.4067 GBP
5p ordinary	SWAP	Long	64	2.4101 GBP
5p ordinary	SWAP	Long	105	2.4065 GBP
5p ordinary	SWAP	Long	117	2.4071 GBP
5p ordinary	SWAP	Long	140	2.4110 GBP
5p ordinary	SWAP	Long	152	2.4017 GBP
5p ordinary	SWAP	Long	167	2.4019 GBP
5p ordinary	SWAP	Long	253	2.4123 GBP
5p ordinary	SWAP	Long	324	2.4105 GBP
5p ordinary	SWAP	Long	349	2.3999 GBP
5p ordinary	SWAP	Long	578	2.4072 GBP
5p ordinary	SWAP	Long	704	2.4060 GBP
5p ordinary	SWAP	Long	863	2.4046 GBP
5p ordinary	SWAP	Long	1,094	2.4248 GBP
5p ordinary	SWAP	Long	1,187	2.4025 GBP
5p ordinary	SWAP	Long	1,314	2.4041 GBP
5p ordinary	SWAP	Long	1,456	2.4021 GBP
5p ordinary	SWAP	Long	1,583	2.4246 GBP
5p ordinary	SWAP	Long	1,667	2.4059 GBP
5p ordinary	SWAP	Long	1,793	2.4108 GBP
5p ordinary	SWAP	Long	2,176	2.4018 GBP
5p ordinary	CFD	Long	2,334	2.4078 GBP
5p ordinary	SWAP	Long	2,650	2.4042 GBP
5p ordinary	SWAP	Long	2,820	2.4099 GBP
5p ordinary	SWAP	Long	3,137	2.4023 GBP
5p ordinary	SWAP	Long	3,322	2.4075 GBP
5p ordinary	SWAP	Long	3,547	2.4082 GBP
5p ordinary	SWAP	Long	3,986	2.4063 GBP
5p ordinary	SWAP	Long	5,025	2.4097 GBP
5p ordinary	SWAP	Long	5,657	2.4068 GBP
5p ordinary	SWAP	Long	7,604	2.4107 GBP
5p ordinary	SWAP	Long	9,383	2.4079 GBP
5p ordinary	SWAP	Long	12,318	2.4049 GBP
5p ordinary	SWAP	Long	12,660	2.4038 GBP
5p ordinary	SWAP	Long	15,605	2.4089 GBP
5p ordinary	CFD	Long	54,309	2.4080 GBP
5p ordinary	SWAP	Long	76,859	2.4153 GBP
5p ordinary	SWAP	Long	133,265	2.4088 GBP
5p ordinary	CFD	Short	48	2.4102 GBP
5p ordinary	SWAP	Short	200	2.4250 GBP
5p ordinary	CFD	Short	1,203	2.4079 GBP
5p ordinary	SWAP	Short	1,428	2.4148 GBP
5p ordinary	SWAP	Short	2,010	2.4055 GBP
5p ordinary	SWAP	Short	2,098	2.4104 GBP
5p ordinary	SWAP	Short	2,323	2.4116 GBP
5p ordinary	SWAP	Short	2,487	2.4138 GBP
5p ordinary	SWAP	Short	3,177	2.4080 GBP
5p ordinary	SWAP	Short	3,199	2.4079 GBP
5p ordinary	SWAP	Short	6,723	2.4086 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:				9 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.