Form 8.3 - NATIONAL EXPRESS GROUP PLC

RNS Number : 0579E

Barclays PLC

08 March 2022

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:				07 March 2022
(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
(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:		1,170,307	0.19%	10,450,413	1.70%

(2)	Cash-settled derivatives:
			10,144,982	1.65%	801,471	0.13%

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


	TOTAL:		11,315,289	1.84%	11,251,884	1.83%

(b)	Rights to subscribe for new securities (including directors and other executive
	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
(a)	Purchases and sales
Class of relevant		Purchase/sale		Number of		Price per unit
security				securities
5p ordinary		Purchase		859		1.9050 GBP
5p ordinary		Purchase		2,604		1.9579 GBP
5p ordinary		Purchase		2,861		1.9832 GBP
5p ordinary		Purchase		2,879		1.9000 GBP
5p ordinary		Purchase		3,811		1.9553 GBP
5p ordinary		Purchase		4,823		1.9375 GBP
5p ordinary		Purchase		5,952		1.9915 GBP
5p ordinary		Purchase		7,207		1.9581 GBP
5p ordinary		Purchase		8,493		1.9834 GBP
5p ordinary		Purchase		9,446		1.9638 GBP
5p ordinary		Purchase		10,439		1.9954 GBP
5p ordinary		Purchase		12,126		1.9900 GBP
5p ordinary		Purchase		17,168		1.9799 GBP
5p ordinary		Purchase		18,830		1.9712 GBP
5p ordinary		Purchase		22,492		1.9677 GBP
5p ordinary		Purchase		32,005		1.9583 GBP
5p ordinary		Purchase		36,068		1.9312 GBP
5p ordinary		Purchase		39,219		1.9760 GBP
5p ordinary		Purchase		54,602		1.9646 GBP
5p ordinary		Purchase		135,785		1.9007 GBP
5p ordinary		Purchase		306,156		1.9733 GBP
5p ordinary		Purchase		374,235		1.8932 GBP
5p ordinary		Sale		86		1.9940 GBP
5p ordinary		Sale		139		1.9390 GBP
5p ordinary		Sale		164		1.9350 GBP
5p ordinary		Sale		169		1.9920 GBP
5p ordinary		Sale		586		1.9016 GBP
5p ordinary		Sale		859		1.9050 GBP
5p ordinary		Sale		1,143		1.9385 GBP
5p ordinary		Sale		1,325		1.9544 GBP
5p ordinary		Sale		2,605		1.9138 GBP
5p ordinary		Sale		2,667		1.9011 GBP
5p ordinary		Sale		3,139		1.8945 GBP
5p ordinary		Sale		3,469		1.9525 GBP
5p ordinary		Sale		3,738		1.9012 GBP
5p ordinary		Sale		4,306		2.0111 GBP
5p ordinary		Sale		4,608		1.9645 GBP
5p ordinary		Sale		4,915		1.9103 GBP
5p ordinary		Sale		5,952		1.9915 GBP
5p ordinary		Sale		13,115		1.9708 GBP
5p ordinary		Sale		13,853		1.9000 GBP
5p ordinary		Sale		24,631		1.9909 GBP
5p ordinary		Sale		28,414		1.9124 GBP
5p ordinary		Sale		35,745		1.8868 GBP
5p ordinary		Sale		47,973		1.9259 GBP
5p ordinary		Sale		60,438		1.9798 GBP
5p ordinary		Sale		95,533		1.9143 GBP
5p ordinary		Sale		109,058		1.8941 GBP
5p ordinary		Sale		112,157		1.9494 GBP
5p ordinary		Sale		217,367		1.8940 GBP
5p ordinary		Sale		596,389		1.9580 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		33	1.9910 GBP
5p ordinary		CFD		Long		67	1.9707 GBP
5p ordinary		SWAP		Long		1,210	1.9610 GBP
5p ordinary		SWAP		Long		4,306	2.0111 GBP
5p ordinary		SWAP		Long		6,811	1.9290 GBP
5p ordinary		CFD		Long		8,948	1.9492 GBP
5p ordinary		SWAP		Long		9,160	1.9847 GBP
5p ordinary		CFD		Long		13,048	1.9708 GBP
5p ordinary		SWAP		Long		15,471	1.9946 GBP
5p ordinary		SWAP		Long		20,717	1.9976 GBP
5p ordinary		SWAP		Long		39,721	1.9705 GBP
5p ordinary		SWAP		Long		44,542	1.9567 GBP
5p ordinary		SWAP		Long		52,369	1.9551 GBP
5p ordinary		SWAP		Long		594,013	1.9580 GBP
5p ordinary		SWAP		Short		711	1.9511 GBP
5p ordinary		SWAP		Short		861	1.8641 GBP
5p ordinary		SWAP		Short		3,962	1.9534 GBP
5p ordinary		SWAP		Short		6,790	1.8980 GBP
5p ordinary		CFD		Short		7,207	1.9581 GBP
5p ordinary		SWAP		Short		8,339	1.9497 GBP
5p ordinary		CFD		Short		8,493	1.9834 GBP
5p ordinary		CFD		Short		22,492	1.9677 GBP
5p ordinary		CFD		Short		32,005	1.9583 GBP
5p ordinary		CFD		Short		39,219	1.9760 GBP
5p ordinary		SWAP		Short		42,836	1.9645 GBP
5p ordinary		SWAP		Short		47,590	1.9742 GBP
5p ordinary		SWAP		Short		47,943	1.9680 GBP
5p ordinary		CFD		Short		49,662	1.9983 GBP
5p ordinary		SWAP		Short		56,260	1.9870 GBP
5p ordinary		SWAP		Short		72,117	1.9553 GBP
5p ordinary		SWAP		Short		78,297	1.9791 GBP

(c)	Stock-settled derivative transactions (including options)
(i)	Writing, selling, purchasing or varying
Class	Product	Writing,	Number	Exercise	Type	Expiry	Option
of	description	purchasing,	of	price		date	money
relevant		selling,	securities	per unit			paid/
security		varying etc	to which				received
			option				per unit
			relates


(ii)	Exercising
Class of relevant		Product description		Exercising/ exercised against		Number of	Exercise price per
security						securities	unit


(d)	Other dealings (including subscribing for new securities)
Class of relevant		Nature of Dealings		Details		Price per unit (if
security						applicable)

4.				OTHER INFORMATION
(a)	Indemnity and other dealings 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:
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 of future acquisition or disposal of any relevant securities to which
any derivative is referenced:
NONE
(c)	Attachments
Is a Supplemental Form 8 (Open Positions) attached?				NO
Date of disclosure:				8 Mar 2022
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

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