DISCLOSURE OF OPEN POSITION TO THE PUBLIC / DISCLOSURE OF OPERATIONS BY
A PERSON HOLDING AN INTEREST IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the OPA Code (the “Code”)
1. KEY INFORMATION
|(a) Full name of discloser:||Rathbones Group Plc|
|(b) Owner or control of interests and short positions disclosed, if different from 1(a):
JThe designation of nominees or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
|(vs) Name of the bidder/target in relation to the securities concerned this form concerning :
Use a separate form for each offeror/participant
|National Express Group Plc|
|(D) If an exempt fund manager is related to an offeror/beneficiary, state this and specify identity of offerer/recipient:|
|(e) Date of position occupied/negotiation carried out:
For an open position disclosure, state la latest practicable date before disclosure
|(F) In addition to the company in 1(c) aboveis the discloser make disclosures with regard to everything other party to the offer?
If it’s a cash to offer or cash offer possibleindicate “N/A”
2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE
If there are positions or subscription rights to be disclosed in more than one class of relevant securities of the offeror or recipient named in 1(c), copy table 2(a) or (b) (depending on the case) for each additional category of relevant securities. Security.
(a) Interests and short positions in the relevant securities of the offeror or recipient to whom the disclosure relates as a result of the transaction (if only)
|Class of security concerned:|
|(1) Securities concerned held and/or controlled:||16,184,991||2.6356%|
|(2) Cash-settled derivatives:|
|(3) Equity-settled derivatives (including options) and promises to buy/sell:|
All interests and all short positions must be disclosed.
Details of any opening stock-regulated derivative posts (including traded options)or agreements to buy or sell the securities concerned, must be indicated on an additional form 8 (open positions).
(b) Rights to subscribe for new titles (including directors and other employee options)
|Relevant security class for which there is a subscription right:|
|Detailsincluding the nature of the rights concerned and the corresponding percentages:|
3. RELATIONSHIPS (IF APPLICABLE) BY THE PERSON MAKING THE DISCLOSURE
Where there have been transactions in more than one class of relevant securities of the originator or recipient named in 1(c), copy table 3(a), (b), (c) or (d) ) (as applicable) for each class of relevant securities traded.
The currency of all prices and other monetary amounts must be stated.
(a) Purchases and sales
|Relevant security class||Buy Sell||Number of titles||Price per unit|
|5p ordinary shares||To buy||2,700||276.3192p|
|5p ordinary shares||To buy||1,000||277.1192p|
|5p ordinary shares||Sale||14,000||275.642871p|
|5p ordinary shares||To buy||30,500||278.310699p|
|5p ordinary shares||To buy||6,000||278.310699p|
(b) Cash-settled derivative transactions
|Relevant security class||Product Description
for example CFDs
|Kind of transaction
for example opening/close a long/short positionincrease/reduce a long/short position
|Number of reference securities||Price per unit|
(vs) Equity-settled derivative transactions (including ooptions)
(I) Write, sell, buy or vary
|Relevant security class||Product Description and.g. call option||Writing, purchase, sale, varying etc.||Number of ssecurities on which the option relates||Exercise the price per unit||Type
for example American, European, etc.
|Expiration date||Options Money paid/ received individually|
|Relevant security class||Product Description
for example call option
|Exercise / exercise against||Number of titles||Strike price per share|
(D) Other transactions (including subscribe to new titles)
|Relevant security class||Kind of transaction
for example subscription, conversion
|Details||Unit price (if applicable)|
4. OTHER INFORMATION
(a) Indemnity and other business arrangements
|Ddetails of any indemnity or option arrangement, Where any agreement or comprehensionformal or informal agreements relating to relevant securities that may be an inducement to trade or refrain from trading 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 offer:
Irrevocable undertakings and letters of intent must not to be understood. Yes there are no such agreements, arrangements or understandingsState “nothing”
(b) Agreements, Arrangements or Arrangements Relating to Options or Derivatives
|Ddetails of any agreement, arrangement or understandingformal or informal, between the person make the disclosure and any other person related to:
(I) the voting rights of any relevant security under any option; Where
(ii) voting rights or the future acquisition or disposal of any relevant security to which any derivative instrument is referenced:
If there are no such agreements, arrangements or understandingsState “nothing”
|Is a Supplementary Form 8 (open positions) attached?||No|
|Date of disclosure:||15/02/2022|
|Name of the contact:||Liam Smith – Compliance department|
|Phone number:||0151 2437101|
Public disclosures under rule 8 of the code must be made to a regulatory information servicee.
The Panel’s Market Surveillance Unit can be consulted about the Code’s disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Group’s website at www.thetakeoverpanel.org.uk.