Oct 2018 Financial News

Barclays Bank PLC Notice of Redemption

Oct 24, 2018

Barclays Bank PLC has today issued a notice of redemption to the Paying Agent, the Depositary and the Holders of the below mentioned Securities. The below is an exact copy of the contents of the letter as distributed:

Notice of Redemption: Barclays Bank PLC 8.125% Non-Cumulative Callable Dollar Preference Shares, Series 5, represented by American Depositary Shares, Series 5

This notice (the “Redemption Notice”) is in relation to Barclays Bank PLC’s (the “Company”) $2,650,000,000 8.125% Non-Cumulative Callable Dollar Preference Shares, Series 5 (ISIN: GB0094P60460) (the “Preference Shares”),
represented by American Depositary Shares, Series 5 (CUSIP: 067 39H362, ISIN: US06739H3628) issued on April 11 and April 22, 2008 (the “ADSs” and, collectively with the Preference Shares, the “Securities”).

The Securities were issued pursuant to the Agency Agreement, dated April 11, 2008 (the “Agency Agreement”), between the Company and The Bank of New York Mellon, London Branch, as Principal Paying Agent, Paying Agent and Registrar (the “Paying Agent”) and pursuant to the Deposit Agreement, dated April 25, 2006 (the “Deposit Agreement”), among the Company, The Bank of New York Mellon, as Depositary and all Holders (as such term is defined in the Deposit Agreement) from time to time of the American Depositary Receipts issued thereunder (the “Holders”).

Capitalized terms used herein and not defined herein shall have the respective meanings ascribed to such terms in the Agency Agreement.

The Company hereby notifies the Paying Agent, the Depositary and the Holders of the Securities that it elects to redeem the Preference Shares pursuant to Section 6 of the Agency Agreement. Accordingly, the Company hereby requests that the Paying Agent provide this Redemption Notice to all Holders of the Securities.

Pursuant to the Conditions and the Articles, the Company hereby provides the following information in connection with such redemption:

December 15, 2018, the next Dividend Payment
Redemption Date: Date, with payment being made on Monday, December 17, 2018
 
The Company’s $2,650,000,000 8.125% Non-Cumulative Callable Dollar Preference Series of Preference Shares, Series 5 (ISIN GB0094P60460), evidenced Shares to be Redeemed: in the form of American Depositary Shares, Series 5 (CUSIP: 067 39H362, ISIN: US06739H3628) issued on April 11 and April 22, 2008 $25.5078125 per Security including $0.5078125 in Redemption Price: accrued but unpaid dividends from and including September 15, 2018 to but excluding December 15, 2018 per Security.

Should the Paying Agent or any Holder of the Securities have any inquiries, please contact:

Barclays International Treasury
Barclays Bank PLC
1 Churchill Place
London E14 5HP
United Kingdom
011-44-20-7116-1000

For and on behalf of Barclays Bank PLC:
Name: Gregor McMillan
Title: Director, Capital Markets Execution


Source:
Business Wire
Wednesday 24 October, 2018