Company Website:
http://www.barclays.com
NEW YORK -- (Business Wire)
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:
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To:
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The Bank of New York Mellon
One Canada Square
London E14 5AL
United Kingdom Attn: Corporate Trust Administration
Email: corpsov2@bnymellon.com
Fax: +44 (0) 20 7964 2536
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The Bank of New York Mellon
101 Barclay Street
22nd Floor West
New York, NY 10286
Attn: Depositary Receipts Division
Email: Margaret.keyes@bnymellon.com;
Kathryn.Mordeno@nyse.com
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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:
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Redemption Date: | | |
December 15, 2018, the next Dividend Payment Date, with payment
being made on Monday, December 17, 2018
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Series of Preference Shares to be
Redeemed: | | |
The Company’s $2,650,000,000 8.125% Non-Cumulative Callable Dollar
Preference Shares, Series 5 (ISIN GB0094P60460), evidenced in the
form of American Depositary Shares, Series 5 (CUSIP: 067 39H362,
ISIN: US06739H3628) issued on April 11 and April 22, 2008
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Redemption Price: | | |
$25.5078125 per Security including $0.5078125 in accrued but unpaid
dividends from and including September 15, 2018 to but excluding
December 15, 2018 per Security
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Location Where Holders May Surrender
Documents of Title and Obtain Payment of the Redemption Price: | | |
The Bank of New York Mellon
One Canada Square
London E14 5AL
United Kingdom Attn: Corporate Trust Administration
Email: corpsov2@bnymellon.com
Fax: +44 (0) 20 7964 2536
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Notice Regarding Cessation of Dividends: | | |
Dividends will cease to accrue upon redemption of the Securities,
payment in respect of which will take place on December 17, 2018
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No defect in this Redemption Notice or in the giving of notice will
affect the validity of the redemption proceedings.
By 12:00 noon, London time, on the December 17, 2018, the Company will
irrevocably deposit with the Paying Agent funds sufficient to pay the
Redemption Price, including the amount of accrued and unpaid dividends
for each Security, and will also give the Paying Agent irrevocable
instructions and authority to pay the Redemption Price to the holders of
the Preference Shares.
When the Company makes the deposit referred to in the preceding
paragraph, all rights of holders of the Preference Shares will cease,
except the holders’ rights to receive the Redemption Price, but without
interest, and the Securities will no longer be outstanding.
In the event that any date on which a redemption payment on the
Securities is to be made is not a Business Day, then payment of the
Redemption Price payable on that date will be made on the next Business
Day. There will be no interest or other payment due to the delay. If
payment of the Redemption Price is improperly withheld or refused, then,
subject to all restrictions on the payment of dividends currently
applicable to the Securities (including the discretion of the Company
with respect to payments), dividends on the Securities will continue to
accrue at the then applicable rate, from the Redemption Date to the date
of payment of the Redemption Price.
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
View source version on businesswire.com: https://www.businesswire.com/news/home/20181023006146/en/
Contacts:
Analyst and Investor Information
Further information for
analysts and investors can be obtained from the following contacts at
Barclays:
Investor Relations
Lisa Bartrip, +44 (0) 29
7773 0708
or
Barclays Treasury
Miray Muminoglu,
+44 (0) 20 7773 8199
or
Tim Allen, +44 (0) 20 3134 6290
or
Media
Relations
Danielle Popper, +1 212 526 5963
Source: Barclays Bank PLC
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