Results of invitation to purchase Notes for cash
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2 July 2020
BARCLAYS PLC INVITATION TO PURCHASE NOTES FOR CASH: ANNOUNCEMENT OF RESULTS
On 25 June 2020, Barclays PLC (the "Issuer") launched an invitation to the holders of the EUR 1,500,000,000 1.875 per cent. Notes due March 2021 (ISIN XS1385051112) (the "Notes") to tender their outstanding Notes for purchase by the Issuer for cash up to a maximum of €500,000,000 in aggregate principal amount of Notes (the "Offer"), subject to applicable offer and distribution restrictions.
Further to such invitation, the Issuer hereby informs the Noteholders that, as of the Expiration Deadline for the Offer (being 4:00 p.m. (London time) on 1 July 2020), the aggregate principal amount of Notes validly tendered by Noteholders and to be accepted for purchase and the Purchase Price is as set out in the table below. Each such Noteholder is entitled to receive on the Settlement Date (being 6 July 2020) the Purchase Price plus any Accrued Interest Payment.
Description of Notes |
ISIN / Common Code |
Aggregate Principal Amount Outstanding |
Purchase Price per |
Aggregate Principal Amount accepted for purchase |
Pro-ration factor |
EUR 1,500,000,000 1.875 per cent. Notes due March 2021 |
XS1385051112 / 138505111 |
€1,500,000,000 |
€1,013.36 |
€334,054,000 |
Not Applicable |
The aggregate principal amount of Notes expected to be outstanding following the settlement of the Offer will be €1,165,946,000.
The Offer remains subject to the conditions and restrictions set out in a tender offer memorandum dated 25 June 2020 (the "Tender Offer Memorandum"). Capitalised terms used and not otherwise defined in this announcement have the meanings given in the Tender Offer Memorandum.
The Issuer intends to accept all Notes validly offered for purchase, subject, inter alia, to the Noteholders having offered for purchase the relevant minimum specified denominations of the Notes in accordance with the Tender Offer Memorandum. Notes purchased by the Issuer pursuant to the Offer will be cancelled and will not be re-issued or re-sold. Notes which have not been validly submitted and accepted for purchase pursuant to the Offer will remain outstanding.
The Offer has now expired and no further Notes can be tendered for purchase.
For Further Information:
A complete description of the terms and conditions of the Offer is set out in the Tender Offer Memorandum. Further details about the transaction can be obtained from:
The Dealer Manager
Barclays Bank PLC
5 The North Colonnade
Canary Wharf
London E14 4BB
United Kingdom
Telephone: +44 (0)20 3134 8515
Email: eu.lm@barclays.com
Attention: Liability Management Group
The Tender Agent
Lucid Issuer Services Limited
Tankerton Works
12 Argyle Walk
London WC1H 8HA
United Kingdom
Telephone: +44 (0)20 7704 0880
Email: barclays@lucid-is.com
Attention: David Shilson
A copy of the Tender Offer Memorandum is available to eligible persons upon request from the Tender Agent.
DISCLAIMER
The Dealer Manager does not take responsibility for the contents of this announcement. This announcement must be read in conjunction with the Tender Offer Memorandum. No offer to acquire any Notes is being made pursuant to this announcement.
The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement and/or the Tender Offer Memorandum comes are required by each of the Issuer, the Dealer Manager and the Tender Agent to inform themselves about and to observe any such restrictions.
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