Stark Investments (UK) Ltd.
LSE : TTM

September 03, 2009 11:41 ET

Rule 8.3 (National Express)

                                                                                                                        
                                                                                                                        FORM 8.3
                                                            
                                                            
                        DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE
                                             (Rule 8.3 of the Takeover Code)



1.      KEY INFORMATION

Name of person dealing  (Note 1)                    Stark Investments (UK) Ltd. for and on behalf of Stark Master Fund Ltd and
                                                    Stark Criterion Master Fund Ltd.
Company dealt in                                    National Express Group Plc
Class of relevant security to which the dealings    5p ordinary shares - ISIN:GB0006215205
being disclosed relate (Note 2)                     
Date of dealing                                     03.09.2009


2.      INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a)     Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3)

                                                            Long                                          Short

                                                   Number                      (%)              Number               (%)

(1) Relevant securities                  2,270,000 ordinary shares           1.438.%                                   
    
(2)    Derivatives   (other    than                                                                                    
options)
    
(3) Options and agreements to                                                                                          
purchase/sell
    
Total                                    2,270,000 ordinary shares            1.438%                                   


(b)     Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3)

Class of relevant security:                                Long                                        Short
                  
                                                 Number                   (%)                Number                  (%)

(1) Relevant securities                                                                                                
    
Relevant securities                                                                                                    
                                                                                                
(2) Derivatives (other than options)                                                                                   
    
(3) Options and agreements to                                                                                          
purchase/sell
    
Total                                                                                                                  

(c)     Rights to subscribe (Note 3)

Class of relevant security:                         Details

                                                    


3.      DEALINGS (Note 4)

(a)     Purchases and sales

Purchase/sale        Number of securities                Price per unit (Note 5)

Purchase Long        250,000 ordinary shares             GBP4.66
Purchase Long        400,000 ordinary shares             GBP4.6875
Purchase Long        250,000 ordinary shares             GBP4.65
        
        

(b)     Derivatives transactions (other than options)
 
Product name,            Long/short (Note 6)          Number of securities (Note 7)           Price per unit (Note 5)
e.g. CFD
                                                                                              

        
        

(c)     Options transactions in respect of existing securities

(i)     Writing, selling, purchasing or varying

Product name,            Writing,           Number of securities    Exercise    Type, e.g.       Expiry       Option money
e.g. call option         selling,           to which the option     price       American,        date         paid/received
                         purchasing,        relates (Note 7)                    European etc.                 per unit (Note
                         varying etc.                                                                         5)
                                            
                                                                                                              


(ii)    Exercising

Product name, e.g. call option              Number of securities                     Exercise price per unit (Note 5)
                                                                                     
                                                                                     
                                                                                     



(d)     Other dealings (including new securities) (Note 4)


Nature of transaction (Note 8)              Details                                  Price per unit (if applicable) (Note 5)

                                                                                     


4.      OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives


Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the
voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future
acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.  If none,
this should be stated.






Is a Supplemental Form 8 attached? (Note 9)                                          NO


Date of disclosure                                                        03.09.2009
Contact name                                                              Claudia Schweisfurth
Telephone number                                                          020 7647 9067
If a connected EFM, name of offeree/offeror with which connected          N/A
If a connected EFM, state nature of connection (Note 10)                  N/A


Notes

The Notes on Form 8.3 can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk


Contact Information

  • Stark Investments (UK) Ltd.