Form 8.3 - NATIONAL EXPRESS GROUP PLC

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LONDON, January 21, 2022--(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 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

20 Jan 2022

(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:

655,731

0.11%

10,478,781

1.71%

(2)

Cash-settled derivatives:

9,855,068

1.60%

256,822

0.04%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

(4)

TOTAL:

10,510,799

1.71%

10,735,603

1.75%

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

2.6400 GBP

5p ordinary

Purchase

104

2.6967 GBP

5p ordinary

Purchase

117

2.6797 GBP

5p ordinary

Purchase

281

2.6193 GBP

5p ordinary

Purchase

807

2.6130 GBP

5p ordinary

Purchase

1,433

2.5893 GBP

5p ordinary

Purchase

2,841

2.6576 GBP

5p ordinary

Purchase

3,104

2.6096 GBP

5p ordinary

Purchase

4,146

2.6403 GBP

5p ordinary

Purchase

4,173

2.5962 GBP

5p ordinary

Purchase

5,287

2.6578 GBP

5p ordinary

Purchase

6,153

2.5939 GBP

5p ordinary

Purchase

8,474

2.6045 GBP

5p ordinary

Purchase

19,708

2.6275 GBP

5p ordinary

Purchase

29,688

2.6183 GBP

5p ordinary

Purchase

145,728

2.6580 GBP

5p ordinary

Sale

68

2.6040 GBP

5p ordinary

Sale

71

2.6302 GBP

5p ordinary

Sale

141

2.6578 GBP

5p ordinary

Sale

150

2.6828 GBP

5p ordinary

Sale

186

2.6102 GBP

5p ordinary

Sale

253

2.6579 GBP

5p ordinary

Sale

388

2.5920 GBP

5p ordinary

Sale

547

2.5910 GBP

5p ordinary

Sale

553

2.6599 GBP

5p ordinary

Sale

580

2.5960 GBP

5p ordinary

Sale

1,433

2.5893 GBP

5p ordinary

Sale

2,862

2.6084 GBP

5p ordinary

Sale

3,984

2.6020 GBP

5p ordinary

Sale

13,266

2.6476 GBP

5p ordinary

Sale

15,441

2.6390 GBP

5p ordinary

Sale

37,980

2.6514 GBP

5p ordinary

Sale

70,481

2.6580 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

1

2.6600 GBP

5p ordinary

CFD

Long

35

2.6840 GBP

5p ordinary

SWAP

Long

141

2.6578 GBP

5p ordinary

SWAP

Long

253

2.6579 GBP

5p ordinary

SWAP

Long

566

2.6599 GBP

5p ordinary

SWAP

Long

908

2.6232 GBP

5p ordinary

SWAP

Long

3,121

2.6528 GBP

5p ordinary

SWAP

Long

4,552

2.6427 GBP

5p ordinary

SWAP

Long

6,453

2.6628 GBP

5p ordinary

SWAP

Long

10,809

2.6218 GBP

5p ordinary

SWAP

Long

12,307

2.6355 GBP

5p ordinary

CFD

Long

22,636

2.6577 GBP

5p ordinary

SWAP

Long

56,273

2.6580 GBP

5p ordinary

CFD

Short

117

2.6797 GBP

5p ordinary

SWAP

Short

505

2.6267 GBP

5p ordinary

SWAP

Short

988

2.6181 GBP

5p ordinary

SWAP

Short

1,152

2.6200 GBP

5p ordinary

SWAP

Short

1,778

2.6520 GBP

5p ordinary

SWAP

Short

3,559

2.6258 GBP

5p ordinary

CFD

Short

3,613

2.6582 GBP

5p ordinary

CFD

Short

4,146

2.6403 GBP

5p ordinary

SWAP

Short

6,075

2.6374 GBP

5p ordinary

SWAP

Short

6,271

2.5884 GBP

5p ordinary

SWAP

Short

6,781

2.6119 GBP

5p ordinary

SWAP

Short

7,322

2.6021 GBP

5p ordinary

SWAP

Short

27,910

2.6162 GBP

5p ordinary

CFD

Short

145,728

2.6579 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:

21 Jan 2022

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/20220121005197/en/

Contacts

BARCLAYS PLC

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