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Barclays PLC filed a Form 8.3 disclosure on March 22, 2022, detailing its positions and dealings in relevant securities of National Express Group PLC and Stagecoach Group PLC as of March 21, 2022. The filing reported Barclays' total interests of 1.68% and total short positions of 1.69% in National Express Group PLC's 5p ordinary shares, alongside various purchase, sale, and cash-settled derivative transactions.
| Date | 22 Mar 2022 |
| Time | 14:49:35 |
| Category | Holding(s) in company |
| ID | 6470F |
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FORM 8.3 |
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PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY |
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A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR |
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MORE |
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Rule 8.3 of the Takeover Code (the "Code") |
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1. |
KEY INFORMATION |
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(a) |
Full name of discloser: |
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Barclays PLC. |
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(b) |
Owner or controller of interest and short |
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positions disclosed, if different from 1(a): |
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(c) |
Name of offeror/offeree in relation to whose |
NATIONAL EXPRESS GROUP PLC |
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relevant securities this form relates: |
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(d) |
If an exempt fund manager connected with an |
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offeror/offeree, state this and specify identity of |
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offeror/offeree: |
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(e) |
Date position held/dealing undertaken: |
21 March 2022 |
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(f) |
In addition to the company in 1(c) above, is the discloser making |
YES: |
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disclosures in respect of any other party to the offer? |
STAGECOACH GROUP PLC |
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2. |
POSITIONS OF THE PERSON MAKING THE DISCLOSURE |
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(a) |
Interests and short positions in the relevant securities of the offeror or offeree |
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to which the disclosure relates following the dealing (if any) |
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Class of relevant security: |
5p ordinary |
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Interests |
Short Positions |
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Number |
(%) |
Number |
(%) |
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(1) |
Relevant securities owned |
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and/or controlled: |
2,944,670 |
0.48% |
7,904,734 |
1.29% |
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(2) |
Cash-settled derivatives: |
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7,370,970 |
1.20% |
2,446,808 |
0.40% |
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(3) |
Stock-settled derivatives (including options) |
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and agreements to purchase/sell: |
0 |
0.00% |
0 |
0.00% |
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TOTAL: |
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10,315,640 |
1.68% |
10,351,542 |
1.69% |
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(b) |
Rights to subscribe for new securities (including directors and other executive |
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options) |
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Class of relevant security in relation to |
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which subscription right exists |
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Details, including nature of the rights |
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concerned and relevant percentages: |
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3. |
DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE |
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(a) |
Purchases and sales |
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Class of relevant |
Purchase/sale |
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Number of |
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Price per unit |
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security |
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securities |
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5p ordinary |
Purchase |
122 |
2.2380 GBP |
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5p ordinary |
Purchase |
482 |
2.3550 GBP |
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5p ordinary |
Purchase |
490 |
2.2202 GBP |
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5p ordinary |
Purchase |
1,485 |
2.2200 GBP |
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5p ordinary |
Purchase |
1,507 |
2.2780 GBP |
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5p ordinary |
Purchase |
1,549 |
2.2837 GBP |
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5p ordinary |
Purchase |
1,916 |
2.2396 GBP |
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5p ordinary |
Purchase |
1,972 |
2.2340 GBP |
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5p ordinary |
Purchase |
1,972 |
2.2339 GBP |
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5p ordinary |
Purchase |
2,537 |
2.2900 GBP |
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5p ordinary |
Purchase |
3,398 |
2.2509 GBP |
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5p ordinary |
Purchase |
3,597 |
2.2771 GBP |
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5p ordinary |
Purchase |
4,758 |
2.2714 GBP |
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5p ordinary |
Purchase |
5,029 |
2.2358 GBP |
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5p ordinary |
Purchase |
5,712 |
2.2824 GBP |
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5p ordinary |
Purchase |
7,199 |
2.2360 GBP |
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5p ordinary |
Purchase |
9,328 |
2.2411 GBP |
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5p ordinary |
Purchase |
13,613 |
2.2414 GBP |
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5p ordinary |
Purchase |
13,766 |
2.2847 GBP |
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5p ordinary |
Purchase |
21,823 |
2.2393 GBP |
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5p ordinary |
Purchase |
37,691 |
2.2872 GBP |
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5p ordinary |
Purchase |
75,779 |
2.2896 GBP |
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5p ordinary |
Sale |
27 |
2.2600 GBP |
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5p ordinary |
Sale |
112 |
2.3380 GBP |
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5p ordinary |
Sale |
149 |
2.2369 GBP |
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5p ordinary |
Sale |
372 |
2.2673 GBP |
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5p ordinary |
Sale |
373 |
2.2240 GBP |
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5p ordinary |
Sale |
898 |
2.2813 GBP |
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5p ordinary |
Sale |
1,507 |
2.2780 GBP |
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5p ordinary |
Sale |
1,972 |
2.2340 GBP |
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5p ordinary |
Sale |
2,095 |
2.2992 GBP |
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5p ordinary |
Sale |
2,133 |
2.2697 GBP |
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5p ordinary |
Sale |
2,759 |
2.2759 GBP |
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5p ordinary |
Sale |
2,800 |
2.2482 GBP |
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5p ordinary |
Sale |
3,832 |
2.2745 GBP |
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5p ordinary |
Sale |
5,278 |
2.2379 GBP |
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5p ordinary |
Sale |
6,254 |
2.2497 GBP |
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5p ordinary |
Sale |
8,332 |
2.2892 GBP |
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5p ordinary |
Sale |
12,070 |
2.2364 GBP |
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5p ordinary |
Sale |
12,131 |
2.3168 GBP |
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5p ordinary |
Sale |
15,386 |
2.2348 GBP |
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5p ordinary |
Sale |
19,245 |
2.2624 GBP |
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5p ordinary |
Sale |
58,388 |
2.2360 GBP |
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(b) |
Cash-settled derivative transactions |
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Class of |
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Product |
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Nature of dealing |
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Number of |
Price per |
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relevant |
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description |
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reference |
unit |
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security |
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securities |
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5p ordinary |
CFD |
Long |
27 |
2.2600 GBP |
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5p ordinary |
CFD |
Long |
149 |
2.2369 GBP |
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5p ordinary |
SWAP |
Long |
266 |
2.3020 GBP |
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5p ordinary |
SWAP |
Long |
584 |
2.3640 GBP |
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5p ordinary |
SWAP |
Long |
697 |
2.2229 GBP |
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5p ordinary |
SWAP |
Long |
1,151 |
2.2400 GBP |
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5p ordinary |
SWAP |
Long |
1,176 |
2.2420 GBP |
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5p ordinary |
CFD |
Long |
2,095 |
2.2992 GBP |
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5p ordinary |
CFD |
Long |
2,133 |
2.2697 GBP |
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5p ordinary |
SWAP |
Long |
2,355 |
2.3122 GBP |
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5p ordinary |
CFD |
Long |
2,759 |
2.2759 GBP |
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5p ordinary |
SWAP |
Long |
3,106 |
2.3240 GBP |
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5p ordinary |
CFD |
Long |
3,604 |
2.2379 GBP |
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5p ordinary |
CFD |
Long |
3,832 |
2.2745 GBP |
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5p ordinary |
SWAP |
Long |
6,665 |
2.2588 GBP |
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5p ordinary |
SWAP |
Long |
7,344 |
2.2379 GBP |
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5p ordinary |
CFD |
Long |
8,332 |
2.2892 GBP |
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5p ordinary |
CFD |
Long |
12,131 |
2.3168 GBP |
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5p ordinary |
SWAP |
Long |
12,807 |
2.2524 GBP |
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5p ordinary |
CFD |
Long |
38,184 |
2.2359 GBP |
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5p ordinary |
SWAP |
Short |
360 |
2.2663 GBP |
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5p ordinary |
SWAP |
Short |
503 |
2.2256 GBP |
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5p ordinary |
SWAP |
Short |
769 |
2.2357 GBP |
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5p ordinary |
SWAP |
Short |
1,100 |
2.3012 GBP |
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5p ordinary |
SWAP |
Short |
1,151 |
2.2400 GBP |
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5p ordinary |
SWAP |
Short |
1,176 |
2.2420 GBP |
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5p ordinary |
SWAP |
Short |
1,455 |
2.2292 GBP |
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5p ordinary |
SWAP |
Short |
2,712 |
2.2661 GBP |
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5p ordinary |
SWAP |
Short |
3,106 |
2.3240 GBP |
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5p ordinary |
SWAP |
Short |
3,597 |
2.2771 GBP |
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5p ordinary |
SWAP |
Short |
3,724 |
2.2360 GBP |
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5p ordinary |
SWAP |
Short |
4,303 |
2.2397 GBP |
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5p ordinary |
SWAP |
Short |
5,209 |
2.2879 GBP |
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5p ordinary |
SWAP |
Short |
6,830 |
2.3098 GBP |
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5p ordinary |
SWAP |
Short |
7,738 |
2.2740 GBP |
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5p ordinary |
SWAP |
Short |
8,500 |
2.2276 GBP |
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5p ordinary |
SWAP |
Short |
9,772 |
2.2341 GBP |
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5p ordinary |
SWAP |
Short |
12,112 |
2.3355 GBP |
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5p ordinary |
SWAP |
Short |
15,366 |
2.2521 GBP |
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5p ordinary |
CFD |
Short |
21,033 |
2.2973 GBP |
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5p ordinary |
SWAP |
Short |
35,230 |
2.2828 GBP |
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5p ordinary |
SWAP |
Short |
36,236 |
2.2895 GBP |
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(c) |
Stock-settled derivative transactions (including options) |
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(i) |
Writing, selling, purchasing or varying |
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Class |
Product |
Writing, |
Number |
Exercise |
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Expiry |
Option |
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of |
description |
purchasing, |
of |
price |
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date |
money |
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relevant |
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selling, |
securities |
per unit |
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paid/ |
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security |
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varying etc |
to which |
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received |
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option |
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per unit |
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relates |
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(ii) |
Exercising |
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Class of relevant |
Product description |
Exercising/ exercised against |
Number of |
Exercise price per |
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security |
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securities |
unit |
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(d) |
Other dealings (including subscribing for new securities) |
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Class of relevant |
Nature of Dealings |
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Details |
Price per unit (if |
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security |
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applicable) |
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4. |
OTHER INFORMATION |
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(a) |
Indemnity and other dealings arrangements |
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Details of any indemnity or option arrangement, or any agreement or understanding, |
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formal or informal, relating to relevant securities which may be an inducement to deal |
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or refrain from dealing entered into by the person making the disclosure and any party |
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to the offer or any person acting in concert with a party to the offer: |
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NONE |
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(b) |
Agreements, arrangements or understandings relating to options or derivatives |
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Details of any agreement, arrangement or understanding, formal or informal, between |
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the person making the disclosure and any other person relating to: |
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(i) the voting rights of any relevant securities under any option; or |
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(ii) the voting rights of future acquisition or disposal of any relevant securities to which |
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any derivative is referenced: |
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NONE |
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(c) |
Attachments |
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Is a Supplemental Form 8 (Open Positions) attached? |
NO |
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Date of disclosure: |
22 Mar 2022 |
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Contact name: |
Large Holdings Regulatory Operations |
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Telephone number: |
020 3134 7213 |
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