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Form 8.5 (EPT/RI)

23rd Sep 2021 11:07

RNS Number : 7783M
Bank of America Merrill Lynch
23 September 2021
 

FORM 8.5 (EPT/RI)

 

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITYRule 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 whoserelevant 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:

22/09/2021

(e)

In addition to the company in 1(b) above, is theexempt principal trader making disclosures inrespect 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 classof 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

426,709

2.432 GBP

2.318 GBP

5p ordinary

Sale

452,121

2.466 GBP

2.316 GBP

 

(b)

Cash-settled derivative transactions

Class of relevant security

Product descriptione.g. CFD

Nature of dealinge.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of reference securities

Price per unit

5p ordinary

Swaps

Increasing a Long Position

257

2.326 GBP

5p ordinary

Swaps

Increasing a Short Position

182,274

2.324 GBP

5p ordinary

Swaps

Reducing a Short Position

2,042

2.322 GBP

5p ordinary

Swaps

Increasing a Short Position

6,116

2.322 GBP

5p ordinary

Swaps

Reducing a Short Position

475

2.339 GBP

5p ordinary

Swaps

Increasing a Short Position

24,535

2.344 GBP

5p ordinary

Swaps

Reducing a Short Position

23,020

2.339 GBP

5p ordinary

Swaps

Reducing a Long Position

2,529

2.324 GBP

5p ordinary

Swaps

Reducing a Long Position

4,625

2.348 GBP

5p ordinary

Swaps

Reducing a Long Position

539

2.348 GBP

5p ordinary

Swaps

Reducing a Long Position

772

2.324 GBP

5p ordinary

Swaps

Reducing a Long Position

2,557

2.348 GBP

5p ordinary

Swaps

Reducing a Long Position

4,067

2.348 GBP

5p ordinary

Swaps

Reducing a Long Position

2,882

2.348 GBP

5p ordinary

Swaps

Reducing a Long Position

983

2.348 GBP

5p ordinary

Swaps

Increasing a Long Position

3,764

2.324 GBP

5p ordinary

Swaps

Reducing a Long Position

2,961

2.348 GBP

5p ordinary

Swaps

Reducing a Short Position

83,362

2.336 GBP

5p ordinary

Swaps

Reducing a Short Position

22,953

2.336 GBP

5p ordinary

Swaps

Reducing a Long Position

18,505

2.324 GBP

5p ordinary

Swaps

Reducing a Long Position

16

2.326 GBP

5p ordinary

Swaps

Reducing a Long Position

600

2.347 GBP

5p ordinary

Swaps

Reducing a Long Position

680

2.33 GBP

5p ordinary

Swaps

Reducing a Long Position

109

2.346 GBP

5p ordinary

Swaps

Reducing a Long Position

5,591

2.328 GBP

5p ordinary

Swaps

Reducing a Long Position

178

2.32 GBP

5p ordinary

Swaps

Reducing a Long Position

8,842

2.326 GBP

5p ordinary

Swaps

Reducing a Long Position

198

2.346 GBP

5p ordinary

Swaps

Reducing a Long Position

350

2.322 GBP

5p ordinary

Swaps

Reducing a Long Position

1,373

2.334 GBP

5p ordinary

Swaps

Reducing a Long Position

234

2.33 GBP

5p ordinary

Swaps

Reducing a Long Position

1,178

2.326 GBP

5p ordinary

Swaps

Reducing a Long Position

759

2.353 GBP

5p ordinary

Swaps

Reducing a Long Position

5,299

2.334 GBP

5p ordinary

Swaps

Reducing a Long Position

1,050

2.323 GBP

5p ordinary

Swaps

Reducing a Long Position

992

2.33 GBP

5p ordinary

Swaps

Reducing a Short Position

1,835

2.357 GBP

5p ordinary

Swaps

Reducing a Short Position

2,152

2.385 GBP

5p ordinary

Swaps

Reducing a Short Position

2,066

2.385 GBP

5p ordinary

Swaps

Increasing a Short Position

7,823

2.366 GBP

5p ordinary

Swaps

Opening a Long Position

7,951

2.33 GBP

5p ordinary

Swaps

Closing a Long Position

7,951

2.326 GBP

5p ordinary

Swaps

Reducing a Short Position

7,833

2.33 GBP

5p ordinary

Swaps

Closing a Short Position

7,823

2.33 GBP

5p ordinary

Swaps

Reducing a Short Position

11,114

2.324 GBP

5p ordinary

Swaps

Reducing a Short Position

35,124

2.328 GBP

5p ordinary

Swaps

Reducing a Short Position

50,106

2.325 GBP

5p ordinary

Swaps

Reducing a Short Position

18,975

2.325 GBP

5p ordinary

Swaps

Reducing a Short Position

13,301

2.328 GBP

5p ordinary

Swaps

Reducing a Short Position

4,209

2.324 GBP

5p ordinary

Swaps

Reducing a Short Position

6,527

2.328 GBP

5p ordinary

Swaps

Reducing a Short Position

2,065

2.324 GBP

5p ordinary

Swaps

Reducing a Short Position

9,312

2.325 GBP

5p ordinary

Swaps

Closing a Long Position

4,272

2.354 GBP

5p ordinary

Swaps

Closing a Short Position

1,886

2.324 GBP

5p ordinary

Swaps

Opening a Long Position

4,272

2.324 GBP

5p ordinary

Swaps

Reducing a Short Position

3,688

2.348 GBP

5p ordinary

Swaps

Increasing a Short Position

14,926

2.324 GBP

5p ordinary

Swaps

Closing a Short Position

14,926

2.348 GBP

5p ordinary

Swaps

Opening a Short Position

1,886

2.418 GBP

5p ordinary

Swaps

Opening a Short Position

11,871

2.354 GBP

5p ordinary

Swaps

Reducing a Short Position

8,183

2.366 GBP

5p ordinary

Swaps

Increasing a Short Position

15,712

2.335 GBP

5p ordinary

Swaps

Reducing a Short Position

9,668

2.35 GBP

5p ordinary

Swaps

Reducing a Short Position

2,083

2.399 GBP

5p ordinary

Swaps

Reducing a Short Position

3,752

2.396 GBP

5p ordinary

Swaps

Reducing a Short Position

189

2.406 GBP

5p ordinary

Swaps

Reducing a Short Position

13,629

2.403 GBP

5p ordinary

Swaps

Closing a Short Position

8,015

2.403 GBP

5p ordinary

Swaps

Reducing a Short Position

15,586

2.35 GBP

5p ordinary

Swaps

Opening a Short Position

8,015

2.359 GBP

5p ordinary

Swaps

Reducing a Short Position

20

2.328 GBP

5p ordinary

Swaps

Increasing a Short Position

29,215

2.325 GBP

5p ordinary

Swaps

Opening a Short Position

1,329

3.177 USD

5p ordinary

Swaps

Opening a Long Position

6,791

2.323 GBP

 

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class ofrelevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number ofsecurities to which option relates

Exercise priceper unit

Typee.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 descriptione.g. call option

Exercising/exercisedagainst

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 dealinge.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:

23/09/2021

Contact name:

Tolu Tade

Telephone number:

+44207 996 3410

 

Public disclosures under Rule 8 of the Code must be made to a Regulatory InformationService.The Panel's Market Surveillance Unit is available for consultation in relation to the Code'sdealing disclosure requirements on +44 (0)20 7638 0129.The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

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END
 
 
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