NX - National Express Group plc

01/20/2022 | Press release | Distributed by Public on 01/21/2022 02:00

HSBC Bank Plc - Form 8.5 (EPT/RI) - National Express Group plc

HSBC Bank Plc - Form 8.5 (EPT/RI) - National Express Group plc

Released 11:21:19 20 January 2022

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: HSBC Bank Plc
(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: Offeror - National Express Group plc
(d) Date dealing undertaken: 19 January 2022
(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"
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
(GBP)
Lowest price per unit paid/received
(GBP)


Ordinary Shares



Purchase



316,519


270.200 p


257.400 p


Ordinary Shares



Sale



291,612


268.838 p


264.600 p

(b) Cash-settled derivative transactions

Class of relevant security Product description Nature of dealing Number of reference securities Price per unit (GBP)
e.g. CFD e.g. opening/closing a long/short position, increasing/reducing a long/short position
Ordinary Shares

Swap

Increasing a short position

14,786

266.925 p

Ordinary Shares

Swap

Increasing a short position

6,015

267.018 p

Ordinary Shares

Swap

Increasing a short position

1,309

264.346 p

Ordinary Shares

Swap

Increasing a short position

2,797

268.797 p

(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)


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"


(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"


Date of disclosure: 20 January 2022
Contact name: Mohammed Abdul Qader
Telephone number: 0207 088 2000

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.