TIDMBARC

RNS Number : 8499R

Barclays PLC

02 July 2020

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT.

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 EUR500,000,000 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.

 
                                                      Purchase 
                                       Aggregate      Price per       Aggregate 
                          ISIN          Principal      EUR1,000        Principal 
    Description          / Common        Amount       Principal     Amount accepted     Pro-ration 
      of Notes             Code        Outstanding      Amount       for purchase         factor 
-------------------  --------------  -------------  ------------  -----------------  --------------- 
 EUR 1,500,000,000 
  1.875 per cent. 
  Notes due March     XS1385051112    EUR1,500,000 
  2021                 / 138505111        ,000       EUR1,013.36    EUR334,054,000    Not Applicable 
 

The aggregate principal amount of Notes expected to be outstanding following the settlement of the Offer will be EUR1,165,946,000.

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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July 02, 2020 04:46 ET (08:46 GMT)

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