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RNS Announcement | Ticker

Form 8.5 (EPT/RI)

RNS Number : 6073M

Bank of America Merrill Lynch

22 September 2021

FORM 8.5 (EPT/RI)

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the "Code")

1.	KEY INFORMATION

(a)	Name of exempt principal trader:

Merrill Lynch International

(b)	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

(c)	Name of the party to the offer with which exempt principal trader is connected:

National Express Group PLC

(d)	Date dealing undertaken:

21/09/2021

(e)	In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer, state "N/A"

YES

If YES, specify which:

(Stagecoach Group PLC)

2.	DEALINGS BY THE EXEMPT PRINCIPAL TRADER

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(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 security	Purchases/ sales	Total number of securities	Highest price per unit paid/received	Lowest price per unit paid/received
5p ordinary	Purchase	1,173,923	2.468 GBP	2.28 GBP
5p ordinary	Sale	1,051,111	2.464 GBP	2.28 GBP

(b)	Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
5p ordinary	Swaps	Opening a Long Position	1,321	2.403 GBP
5p ordinary	Swaps	Opening a Long Position	6,814	2.403 GBP
5p ordinary	Swaps	Reducing a Long Position	3,768	2.381 GBP
5p ordinary	Swaps	Reducing a Long Position	46,479	2.381 GBP
5p ordinary	Swaps	Increasing a Long Position	50,000	2.412 GBP
5p ordinary	Swaps	Reducing a Long Position	1,902	2.381 GBP
5p ordinary	Swaps	Reducing a Long Position	36,232	2.381 GBP
5p ordinary	Swaps	Reducing a Long Position	13,686	2.381 GBP
5p ordinary	Swaps	Reducing a Long Position	42,050	2.381 GBP
5p ordinary	Swaps	Reducing a Short Position	3,900	2.44 GBP
5p ordinary	Swaps	Reducing a Short Position	1,118	2.44 GBP
5p ordinary	Swaps	Increasing a Short Position	6,962	2.381 GBP
5p ordinary	Swaps	Opening a Short Position	7,685	2.409 GBP
5p ordinary	Swaps	Reducing a Short Position	401	2.4 GBP
5p ordinary	Swaps	Increasing a Long Position	4,082	2.4 GBP
5p ordinary	Swaps	Reducing a Short Position	2,149	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	440	2.4 GBP
5p ordinary	Swaps	Reducing a Long Position	2,629	2.4 GBP
5p ordinary	Swaps	Reducing a Long Position	24,747	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	673	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	6,626	2.408 GBP
5p ordinary	Swaps	Increasing a Long Position	2,181	2.415 GBP
5p ordinary	Swaps	Reducing a Long Position	1,143	2.384 GBP
5p ordinary	Swaps	Reducing a Long Position	1,467	2.385 GBP
5p ordinary	Swaps	Reducing a Long Position	7,999	2.385 GBP
5p ordinary	Swaps	Reducing a Long Position	981	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	542	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	78	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	1,195	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	297	2.408 GBP
5p ordinary	Swaps	Reducing a Long Position	193	2.384 GBP
5p ordinary	Swaps	Reducing a Long Position	642	2.388 GBP
5p ordinary	Swaps	Reducing a Long Position	72	2.388 GBP
5p ordinary	Swaps	Reducing a Long Position	526	2.388 GBP
5p ordinary	Swaps	Reducing a Long Position	3,448	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	672	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	929	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	564	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	4,317	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	40	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	3,580	2.384 GBP
5p ordinary	Swaps	Reducing a Long Position	215	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	2,294	2.388 GBP
5p ordinary	Swaps	Reducing a Long Position	816	2.385 GBP
5p ordinary	Swaps	Reducing a Long Position	1,884	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	2,426	2.408 GBP
5p ordinary	Swaps	Reducing a Long Position	899	2.364 GBP
5p ordinary	Swaps	Reducing a Long Position	313	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	957	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	1,473	2.399 GBP
5p ordinary	Swaps	Increasing a Long Position	957	2.446 GBP
5p ordinary	Swaps	Increasing a Long Position	673	2.403 GBP
5p ordinary	Swaps	Reducing a Long Position	914	2.385 GBP
5p ordinary	Swaps	Reducing a Long Position	236	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	2,801	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	129	2.4 GBP
5p ordinary	Swaps	Increasing a Long Position	193	2.435 GBP
5p ordinary	Swaps	Reducing a Long Position	1,282	2.384 GBP
5p ordinary	Swaps	Reducing a Long Position	801	2.388 GBP
5p ordinary	Swaps	Reducing a Long Position	81	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	33	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	5,987	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	1,321	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	16	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	293	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	1,268	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	2,988	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	3,350	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	177	2.408 GBP
5p ordinary	Swaps	Reducing a Short Position	7,541	2.406 GBP
5p ordinary	Swaps	Increasing a Short Position	2,189	2.28 GBP
5p ordinary	Swaps	Reducing a Short Position	10,270	2.418 GBP
5p ordinary	Swaps	Reducing a Short Position	9,869	2.418 GBP
5p ordinary	Swaps	Reducing a Short Position	2,824	2.404 GBP
5p ordinary	Swaps	Closing a Short Position	29,695	2.404 GBP
5p ordinary	Swaps	Opening a Long Position	25,065	2.404 GBP
5p ordinary	Swaps	Opening a Short Position	7,833	2.411 GBP
5p ordinary	Swaps	Closing a Long Position	25,065	2.411 GBP
5p ordinary	Swaps	Increasing a Short Position	23,364	2.43 GBP
5p ordinary	Swaps	Closing a Short Position	23,364	2.4 GBP
5p ordinary	Swaps	Opening a Long Position	4,082	2.4 GBP
5p ordinary	Swaps	Closing a Long Position	4,082	2.4 GBP
5p ordinary	Swaps	Reducing a Short Position	10,507	2.415 GBP
5p ordinary	Swaps	Reducing a Short Position	104,284	2.4 GBP
5p ordinary	Swaps	Opening a Short Position	114,791	2.407 GBP
5p ordinary	Swaps	Reducing a Long Position	228	2.404 GBP
5p ordinary	Swaps	Reducing a Long Position	11,575	2.389 GBP
5p ordinary	Swaps	Reducing a Long Position	31,349	2.404 GBP
5p ordinary	Swaps	Opening a Long Position	113,098	2.403 GBP
5p ordinary	Swaps	Closing a Long Position	56,950	2.371 GBP
5p ordinary	Swaps	Reducing a Long Position	12,996	2.402 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
N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

(ii)

Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise Price per unit
N/A	N/A	N/A	N/A	N/A

(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)
N/A	N/A	N/A	N/A

3.	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 exempt principal trader 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 exempt principal trader 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

Date of disclosure:	22/09/2021
Contact name:	Tolu Tade
Telephone number:	+44207 996 3410

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
dealing disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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END

FERBGGDCCBDDGBD

RNS Number : 6073M

Bank of America Merrill Lynch

22 September 2021

FORM 8.5 (EPT/RI)

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the "Code")

1.	KEY INFORMATION

(a)	Name of exempt principal trader:

Merrill Lynch International

(b)	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

(c)	Name of the party to the offer with which exempt principal trader is connected:

National Express Group PLC

(d)	Date dealing undertaken:

21/09/2021

(e)	In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer, state "N/A"

YES

If YES, specify which:

(Stagecoach Group PLC)

2.	DEALINGS BY THE EXEMPT PRINCIPAL TRADER

(a)	Purchases and sales

Class of relevant security	Purchases/ sales	Total number of securities	Highest price per unit paid/received	Lowest price per unit paid/received
5p ordinary	Purchase	1,173,923	2.468 GBP	2.28 GBP
5p ordinary	Sale	1,051,111	2.464 GBP	2.28 GBP

(b)	Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
5p ordinary	Swaps	Opening a Long Position	1,321	2.403 GBP
5p ordinary	Swaps	Opening a Long Position	6,814	2.403 GBP
5p ordinary	Swaps	Reducing a Long Position	3,768	2.381 GBP
5p ordinary	Swaps	Reducing a Long Position	46,479	2.381 GBP
5p ordinary	Swaps	Increasing a Long Position	50,000	2.412 GBP
5p ordinary	Swaps	Reducing a Long Position	1,902	2.381 GBP
5p ordinary	Swaps	Reducing a Long Position	36,232	2.381 GBP
5p ordinary	Swaps	Reducing a Long Position	13,686	2.381 GBP
5p ordinary	Swaps	Reducing a Long Position	42,050	2.381 GBP
5p ordinary	Swaps	Reducing a Short Position	3,900	2.44 GBP
5p ordinary	Swaps	Reducing a Short Position	1,118	2.44 GBP
5p ordinary	Swaps	Increasing a Short Position	6,962	2.381 GBP
5p ordinary	Swaps	Opening a Short Position	7,685	2.409 GBP
5p ordinary	Swaps	Reducing a Short Position	401	2.4 GBP
5p ordinary	Swaps	Increasing a Long Position	4,082	2.4 GBP
5p ordinary	Swaps	Reducing a Short Position	2,149	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	440	2.4 GBP
5p ordinary	Swaps	Reducing a Long Position	2,629	2.4 GBP
5p ordinary	Swaps	Reducing a Long Position	24,747	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	673	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	6,626	2.408 GBP
5p ordinary	Swaps	Increasing a Long Position	2,181	2.415 GBP
5p ordinary	Swaps	Reducing a Long Position	1,143	2.384 GBP
5p ordinary	Swaps	Reducing a Long Position	1,467	2.385 GBP
5p ordinary	Swaps	Reducing a Long Position	7,999	2.385 GBP
5p ordinary	Swaps	Reducing a Long Position	981	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	542	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	78	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	1,195	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	297	2.408 GBP
5p ordinary	Swaps	Reducing a Long Position	193	2.384 GBP
5p ordinary	Swaps	Reducing a Long Position	642	2.388 GBP
5p ordinary	Swaps	Reducing a Long Position	72	2.388 GBP
5p ordinary	Swaps	Reducing a Long Position	526	2.388 GBP
5p ordinary	Swaps	Reducing a Long Position	3,448	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	672	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	929	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	564	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	4,317	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	40	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	3,580	2.384 GBP
5p ordinary	Swaps	Reducing a Long Position	215	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	2,294	2.388 GBP
5p ordinary	Swaps	Reducing a Long Position	816	2.385 GBP
5p ordinary	Swaps	Reducing a Long Position	1,884	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	2,426	2.408 GBP
5p ordinary	Swaps	Reducing a Long Position	899	2.364 GBP
5p ordinary	Swaps	Reducing a Long Position	313	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	957	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	1,473	2.399 GBP
5p ordinary	Swaps	Increasing a Long Position	957	2.446 GBP
5p ordinary	Swaps	Increasing a Long Position	673	2.403 GBP
5p ordinary	Swaps	Reducing a Long Position	914	2.385 GBP
5p ordinary	Swaps	Reducing a Long Position	236	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	2,801	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	129	2.4 GBP
5p ordinary	Swaps	Increasing a Long Position	193	2.435 GBP
5p ordinary	Swaps	Reducing a Long Position	1,282	2.384 GBP
5p ordinary	Swaps	Reducing a Long Position	801	2.388 GBP
5p ordinary	Swaps	Reducing a Long Position	81	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	33	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	5,987	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	1,321	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	16	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	293	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	1,268	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	2,988	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	3,350	2.399 GBP
5p ordinary	Swaps	Reducing a Long Position	177	2.408 GBP
5p ordinary	Swaps	Reducing a Short Position	7,541	2.406 GBP
5p ordinary	Swaps	Increasing a Short Position	2,189	2.28 GBP
5p ordinary	Swaps	Reducing a Short Position	10,270	2.418 GBP
5p ordinary	Swaps	Reducing a Short Position	9,869	2.418 GBP
5p ordinary	Swaps	Reducing a Short Position	2,824	2.404 GBP
5p ordinary	Swaps	Closing a Short Position	29,695	2.404 GBP
5p ordinary	Swaps	Opening a Long Position	25,065	2.404 GBP
5p ordinary	Swaps	Opening a Short Position	7,833	2.411 GBP
5p ordinary	Swaps	Closing a Long Position	25,065	2.411 GBP
5p ordinary	Swaps	Increasing a Short Position	23,364	2.43 GBP
5p ordinary	Swaps	Closing a Short Position	23,364	2.4 GBP
5p ordinary	Swaps	Opening a Long Position	4,082	2.4 GBP
5p ordinary	Swaps	Closing a Long Position	4,082	2.4 GBP
5p ordinary	Swaps	Reducing a Short Position	10,507	2.415 GBP
5p ordinary	Swaps	Reducing a Short Position	104,284	2.4 GBP
5p ordinary	Swaps	Opening a Short Position	114,791	2.407 GBP
5p ordinary	Swaps	Reducing a Long Position	228	2.404 GBP
5p ordinary	Swaps	Reducing a Long Position	11,575	2.389 GBP
5p ordinary	Swaps	Reducing a Long Position	31,349	2.404 GBP
5p ordinary	Swaps	Opening a Long Position	113,098	2.403 GBP
5p ordinary	Swaps	Closing a Long Position	56,950	2.371 GBP
5p ordinary	Swaps	Reducing a Long Position	12,996	2.402 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
N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

(ii)

Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise Price per unit
N/A	N/A	N/A	N/A	N/A

(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)
N/A	N/A	N/A	N/A

3.	OTHER INFORMATION

(a)	Indemnity and other dealing arrangements

None

(b)	Agreements, arrangements or understandings relating to options or derivatives

None

Date of disclosure:	22/09/2021
Contact name:	Tolu Tade
Telephone number:	+44207 996 3410

END

FERBGGDCCBDDGBD

Date	22 Sept 2021
Time	11:20:08
Category	Holding(s) in company
ID	6073M

Date	22 Sept 2021
Time	11:20:08
Category	Holding(s) in company
ID	6073M

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Form 8.5 (EPT/RI)

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