Form 8.3 - NATIONAL EXPRESS GROUP PLC

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LONDON, December 06, 2021--(BUSINESS WIRE)--

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:

03 December 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:

720,959

0.12%

7,536,873

1.23%

(2)

Cash-settled derivatives:

7,266,067

1.18%

553,838

0.09%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

7,987,026

1.30%

8,090,711

1.32%

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

2.2680 GBP

5p ordinary

Purchase

330

2.2520 GBP

5p ordinary

Purchase

545

2.2557 GBP

5p ordinary

Purchase

893

2.2699 GBP

5p ordinary

Purchase

1,008

2.2504 GBP

5p ordinary

Purchase

1,944

2.2620 GBP

5p ordinary

Purchase

2,132

2.2577 GBP

5p ordinary

Purchase

3,237

2.2551 GBP

5p ordinary

Purchase

4,828

2.2510 GBP

5p ordinary

Purchase

5,146

2.2522 GBP

5p ordinary

Purchase

9,920

2.2508 GBP

5p ordinary

Purchase

19,783

2.2553 GBP

5p ordinary

Purchase

20,694

2.2500 GBP

5p ordinary

Purchase

30,369

2.2440 GBP

5p ordinary

Purchase

39,055

2.2546 GBP

5p ordinary

Sale

174

2.2438 GBP

5p ordinary

Sale

307

2.2527 GBP

5p ordinary

Sale

545

2.2480 GBP

5p ordinary

Sale

637

2.2514 GBP

5p ordinary

Sale

672

2.2500 GBP

5p ordinary

Sale

678

2.2498 GBP

5p ordinary

Sale

1,402

2.2536 GBP

5p ordinary

Sale

1,944

2.2620 GBP

5p ordinary

Sale

2,269

2.2523 GBP

5p ordinary

Sale

2,322

2.2505 GBP

5p ordinary

Sale

2,399

2.2573 GBP

5p ordinary

Sale

2,547

2.2600 GBP

5p ordinary

Sale

3,333

2.2531 GBP

5p ordinary

Sale

3,944

2.2529 GBP

5p ordinary

Sale

4,155

2.2526 GBP

5p ordinary

Sale

5,055

2.2440 GBP

5p ordinary

Sale

5,346

2.2528 GBP

5p ordinary

Sale

5,381

2.2510 GBP

5p ordinary

Sale

6,073

2.2471 GBP

5p ordinary

Sale

9,418

2.2487 GBP

5p ordinary

Sale

13,022

2.2533 GBP

5p ordinary

Sale

16,400

2.2483 GBP

5p ordinary

Sale

21,280

2.2441 GBP

5p ordinary

Sale

30,432

2.2503 GBP

5p ordinary

Sale

88,986

2.2538 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

11

2.2436 GBP

5p ordinary

SWAP

Long

135

2.2499 GBP

5p ordinary

CFD

Long

174

2.2437 GBP

5p ordinary

SWAP

Long

2,269

2.2523 GBP

5p ordinary

SWAP

Long

2,322

2.2505 GBP

5p ordinary

SWAP

Long

2,399

2.2573 GBP

5p ordinary

SWAP

Long

3,634

2.2510 GBP

5p ordinary

SWAP

Long

3,791

2.2612 GBP

5p ordinary

SWAP

Long

3,982

2.2467 GBP

5p ordinary

SWAP

Long

5,044

2.2440 GBP

5p ordinary

SWAP

Long

6,073

2.2471 GBP

5p ordinary

SWAP

Long

6,376

2.2439 GBP

5p ordinary

CFD

Long

9,418

2.2487 GBP

5p ordinary

CFD

Long

12,811

2.2489 GBP

5p ordinary

SWAP

Long

18,919

2.2536 GBP

5p ordinary

SWAP

Long

23,883

2.2530 GBP

5p ordinary

SWAP

Long

31,742

2.2548 GBP

5p ordinary

SWAP

Long

44,791

2.2535 GBP

5p ordinary

SWAP

Short

84

2.2680 GBP

5p ordinary

SWAP

Short

100

2.2480 GBP

5p ordinary

SWAP

Short

893

2.2699 GBP

5p ordinary

CFD

Short

2,132

2.2577 GBP

5p ordinary

CFD

Short

4,828

2.2510 GBP

5p ordinary

CFD

Short

9,089

2.2440 GBP

5p ordinary

CFD

Short

9,920

2.2508 GBP

5p ordinary

SWAP

Short

10,871

2.2525 GBP

5p ordinary

CFD

Short

12,030

2.2441 GBP

5p ordinary

SWAP

Short

19,291

2.2624 GBP

5p ordinary

CFD

Short

19,783

2.2553 GBP

(c) Stock-settled derivative transactions (including options)

(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

(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

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:

6 Dec 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211206005370/en/

Contacts

BARCLAYS PLC

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