REG - Barclays PLC - Notice of Redemption of Securities

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RNS Number : 2735H  Barclays PLC  02 May 2025

2 May 2025

Barclays PLC

Notice of Redemption and Cancellation of Listing to the Holders of

£1,000,000,000 7.125% Fixed Rate Resetting Perpetual Subordinated Contingent
Convertible Securities (ISIN: XS1998799792; Common Code: 199879979) issued on
June 13, 2019*

This notice (the "Notice of Redemption") is in relation to Barclays PLC's (the
"Company") £1,000,000,000 7.125% Fixed Rate Resetting Perpetual Subordinated
Contingent Convertible Securities (the "Securities").

The Securities were issued pursuant to the Contingent Convertible Securities
Indenture (the "Base Indenture"), dated August 14, 2018, between the Company
and The Bank of New York Mellon, London Branch as Trustee (the "Trustee"), and
The Bank of New York Mellon SA/NV, Luxembourg Branch, as the Contingent
Convertible Security Registrar (the "Contingent Convertible Security
Registrar"), as further supplemented by the Third Supplemental Indenture,
dated June 13, 2019, between the Company, the Trustee, and the Contingent
Convertible Security Registrar (the "Third Supplemental Indenture" and,
together with the Base Indenture, the "Indenture"). Capitalised terms used
herein and not defined herein shall have the meanings ascribed to such terms
in the Indenture.

The Company hereby notifies the Holders that it elects to redeem and will
redeem the Securities pursuant to Section 11.02 of the Base Indenture and
Sections 2.04 and 2.07 of the Third Supplemental Indenture. Accordingly, the
Company has requested that the Trustee provide the Notice of Redemption to all
Holders of the Securities.

The outstanding Securities will be redeemed on June 15, 2025 (the "Redemption
Date") at an amount equal to 100% of their principal amount, together with any
accrued but unpaid interest from, and including, March 15, 2025 to, but
excluding, the Redemption Date (the "Redemption Price"). The Redemption Date
is not a business day and, as a result, the payment of principal and interest
payable on redemption of the Securities will be made on June 16, 2025, which
is the next succeeding business day. Accordingly, the listing of the
Securities on the London Stock Exchange's International Securities Market
(ISM) will be cancelled on, or shortly after, June 16, 2025.

The location where Holders may surrender the Securities and obtain payment of
the Redemption Price is The Bank of New York Mellon, 160 Queen Victoria
Street, London EC4V 4LA, United Kingdom, Attn: Corporate Trust Administration,
Email: corpsov1@bnymellon.com, Fax: +44 (0) 20 7964 2536.

On the Redemption Date, the Redemption Price will become due and payable and
interest on the Securities will cease to accrue. Before the Redemption Date,
the Company will irrevocably deposit with the Trustee or with a Paying Agent
an amount of money sufficient to pay the total Redemption Price of each of the
Securities. When the Company makes such a deposit, all rights of Holders of
the Securities will cease, except the Holders' rights to receive the
Redemption Price, but without interest, and the Securities will no longer be
outstanding.

Should any Holder of the Securities have any queries in relation to this
Notice of Redemption please contact:

 

Barclays Debt Investor Relations

Barclays PLC

1 Churchill Place

London E14 5HP

United Kingdom

+44 20 7116 1000

*This CUSIP number has been assigned to this issue by a third-party, and is
included solely for the convenience of the Holders of the Securities. Neither
Barclays PLC nor the Trustee shall be responsible for the selection or use of
this CUSIP number, nor is any representation made as to its correctness on
the Securities or as indicated in any redemption notice.

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