Barclays PLC 6-K, filed Jul 29, 2022
Barclays PLC (BCS)
6-K
2022-07-29
For: 2022-07-29
View Original
Added on
April 11, 2026
About this 6-K
Barclays PLC filed this 6-K on July 29, 2022.
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
July
29, 2022
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
Indicate
by check mark whether the registrant by furnishing the
information
contained
in this Form is also thereby furnishing the information to
the
Commission
pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.
Yes No
x
If
"Yes" is marked, indicate below the file number assigned to the
registrant
in
connection with Rule 12g3-2(b):
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.
_________________________________________________________________________________
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)
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Date:
July 29, 2022
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By: /s/
Garth Wright
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Garth
Wright
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Assistant
Secretary
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29 July 2022
Barclays PLC
Future commencement of buy-back
Barclays PLC (the "Company") announces that, as outlined in its announcement
on 28 July 2022, it will commence a share buy-back programme to
purchase ordinary shares of 25 pence each in the Company
("Ordinary
Shares") for up to a maximum
consideration of £500m (the "Buy-back"). The Buy-back will commence on the earlier of:
(1) the business day (in London) immediately following completion
of the £1,000m share buy-back programme commenced by the
Company on 24 May 2022; and (2) 3 October 2022, and end no later
than 28 January 2023 (subject to regulatory approval remaining in
place). The purpose of the Buy-back is to reduce the share capital
of the Company and therefore Ordinary Shares purchased under the
Buy-back will be cancelled.
The Company has entered into an irrevocable, non-discretionary
agreement with Citigroup Global Markets Limited
("Citi") to conduct the Buy-back on its behalf and to
carry out on-market purchases of Ordinary Shares, acting as
riskless principal, and to on-sell such Ordinary Shares to the
Company.
Citi will make trading decisions in relation to the Buy-back
independently of the Company. Any purchases of Ordinary Shares
under the Buy-back will be carried out on the London Stock Exchange
in accordance with certain pre-set parameters set out in the
agreement with Citi and in accordance with (and subject to the
limits prescribed by) the Company's general authority to repurchase
Ordinary Shares granted by its shareholders at the annual general
meeting on 4 May 2022 (the "2022
Authority"), Chapter 12 of the
Financial Conduct Authority's Listing Rules, Article 5(1) of the
Market Abuse Regulation (EU) No 596/2014 (as it forms part of
domestic law by virtue of the European Union (Withdrawal) Act 2018,
as amended), the Commission Delegated Regulation (EU) No 2016/1052
(as it forms part of domestic law by virtue of the European Union
(Withdrawal) Act 2018, as amended), and applicable US federal
securities laws.
No repurchases will be made in the United States or in respect of
the Company's American Depositary Receipts.
The maximum number of Ordinary Shares that may be repurchased under
the Buy-back will be such number as is equal to the number of
Ordinary Shares the Company is authorised to repurchase under the
2022 Authority (1,676,161,960 Ordinary Shares) less the number of
Ordinary Shares purchased (and to be purchased) as part of the
£1,000m share buy-back programme commenced on 24 May
2022.
- ENDS -
For further information, please contact:
Investor Relations Media
Relations
Chris
Manners
Jon Tracey
+44 (0) 20 7773
2136
+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.