Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
August 05 2024 - 5:23AM
Edgar (US Regulatory)
UNITED STATESSECURITIES 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
August
05, 2024
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)
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Date:
August 05, 2024
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By: /s/
Garth Wright
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Garth
Wright
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Assistant
Secretary
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5 August 2024
Barclays PLC
Commencement of Buy-back
Barclays PLC (the "Company") announces that, as disclosed in its
announcement on 1 August 2024, 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 £750m (the "Buy-back"). The Buy-back will commence on 5 August 2024
and end no later than 1 May 2025 (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 agreement with Citigroup Global
Markets Limited ("Citi") to conduct the Buy-back on its behalf and 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, and without further instruction from, 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 9 May 2024
(the "2024
Authority"), Chapter 9 of the
Financial Conduct Authority's UK 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 other applicable
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 is 1,512,886,904, being the number of Ordinary Shares
the Company is authorised to repurchase under the 2024
Authority.
- ENDS -
For further information, please contact:
Investor Relations
Media
Relations
Marina Shchukina +44 (0) 20 7116 2526
Tom Hoskin +44 (0) 20 7116 4755
About Barclays
Our vision is to be the UK-centred leader in global finance.
We are a diversified bank with comprehensive UK consumer, corporate
and wealth and private banking franchises, a leading investment
bank and a strong, specialist US consumer bank. Through these
five divisions, we are working together for a better financial
future for our customers, clients and communities.
For further information about Barclays, please visit our website
home.barclays.
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