Barclays PLC 6-K, filed Oct 12, 2023
Barclays PLC (BCS)
6-K
2023-10-12
For: 2023-10-12
View Original
Added on
April 11, 2026
About this 6-K
Barclays PLC filed this 6-K on October 12, 2023.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
October
12, 2023
Barclays PLC
(Name
of Registrant)
1 Churchill Place
London E14 5HP
England
(Address
of Principal Executive Office)
Indicate
by check mark whether the registrant files or will file annual
reports
under
cover of Form 20-F or Form 40-F.
Form
20-F x Form 40-F
This
Report on Form 6-K is filed by Barclays PLC.
This
Report comprises:
Information
given to The London Stock Exchange and furnished pursuant
to
General
Instruction B to the General Instructions to Form 6-K.
EXHIBIT
INDEX
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
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BARCLAYS
PLC
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|
(Registrant)
|
Date:
October 12, 2023
|
|
By: /s/
Garth Wright
--------------------------------
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Garth
Wright
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Assistant
Secretary
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Exhibit
No. 1
12
October 2023
Barclays PLC
and
Barclays Bank PLC
(together "Barclays")
Findings of the Regulatory Decisions Committee
The Financial Conduct Authority (the "FCA") has today published a Decision Notice issued by the Regulatory Decisions Committee ("RDC") relating
to Barclays' former CEO, Jes Staley.
The Decision Notice finds that Mr Staley acted recklessly in approving a letter dated 8 October 2019 from Barclays to the
FCA regarding his relationship with Jeffrey
Epstein (which the RDC concluded was misleading)
and, by doing so, that he breached Individual Conduct Rule 1
(acting with integrity), Individual Conduct Rule 3 (being open and
cooperative with regulators) and
Senior Management Conduct Rule 4 (disclosing appropriately information of which the FCA or PRA would reasonably
expect notice).
Mr Staley has decided to refer the Decision Notice to the Upper Tribunal for reconsideration.
Remuneration decisions in respect of Jes Staley
As previously disclosed, the Remuneration Committee of the Board of Barclays PLC (the "Remuneration Committee") exercised its
discretion to suspend all of Mr
Staley's deferred bonus and LTIP awards
pending further
developments in respect of the regulatory and legal
proceedings related to the FCA and PRA investigation regarding Mr
Staley.
Following
consideration of the detailed findings in the Decision Notice and
the information referred to in it, the Remuneration Committee has
concluded that Mr Staley should be ineligible for or forfeit a
number of awards, as follows:
●
his bonus award in respect of the 2021 performance year.
●
his unvested LTIP awards that were still subject to performance conditions, with a face value of £14.3m, and other unvested LTIP awards
for which the performance conditions had already been assessed,
with a face value of £1.4m.
●
his other unvested deferred bonus awards from earlier years. These
awards had a face value of £2.1m, which was
reduced to zero through the application of
'malus'.
The
total value of the lapsed LTIP awards and forfeited
deferred compensation
awards was £17.8m.
Notes:
1.
Barclays was not the subject of the FCA's investigation or the
proceedings before the RDC
and there are no findings made against it or any of its directors or employees in the Decision Notice. Barclays
cooperated fully with the
regulatory investigation.
2.
All values are based on the mid-market closing share
price on 10 October 2023.
- ENDS
-
For
further information, please contact:
Investor
Relations Media
Relations
Marina
Shchukina
Jon Tracey
+44 (0)
20 7116 2526 +44 (0) 20
7116 4755
About
Barclays
Barclays is a British universal bank. We are diversified by
business, by different types of customer and client, and
geography. Our businesses include consumer banking and
payments operations around the world, as well as a top-tier, full
service, global corporate and investment bank, all of which are
supported by our service company which provides technology,
operations and functional services across the Group. For
further information about Barclays, please visit our
website home.barclays.