May 2, 2024
Barclays PLC
Notice of Redemption and Cancellation of Listing to the Holders of
$2,000,000,000 8% Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities (ISIN: US06738EBG98; CUSIP: 06738E BG9; Common Code: 197046147) issued on March 27, 2019*
This notice (the "Notice of Redemption") is in relation to Barclays PLC's (the "Company") $2,000,000,000 8% 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 Securities Registrar, as further supplemented by the Second Supplemental Indenture, dated March 27, 2019, between the Company, the Trustee, and The Bank of New York Mellon SA/NV, Luxembourg Branch, as Contingent Convertible Security Registrar (the "Second 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 Notes pursuant to Section 11.02 of the Base Indenture and Sections 2.04 and 2.07 of the Second Supplemental Indenture. Accordingly, the Company has requested that the Trustee provide the Notice of Redemption to all Holders of the Notes.
The outstanding Notes will be redeemed on June 15, 2024 (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, 2024 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 Notes will be made on June 17, 2024, which is the next succeeding business day. Accordingly, the listing of the Notes on the London Stock Exchange's International Securities Market (ISM) will be cancelled on, or shortly after, June 17, 2024.
The location where Holders may surrender the Notes 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 Notes 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 Notes. When the Company makes such a deposit, all rights of Holders of the Notes will cease, except the Holders' rights to receive the Redemption Price, but without interest, and the Notes will no longer be outstanding.
Should any Holder of the Notes 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
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