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:
To:
The Bank of New York MellonOne Canada
SquareLondon E14 5ALUnited KingdomAttn: Corporate Trust
AdministrationEmail: corpsov2@bnymellon.comFax: +44 (0) 20 7964
2536
The Bank of New York Mellon101 Barclay
Street22nd Floor WestNew York, NY 10286Attn: Depositary Receipts
DivisionEmail:
Margaret.keyes@bnymellon.com;Joanne.digiovanni@bnymellon.com
Notice of Redemption: Barclays Bank PLC 7.100% Non-Cumulative
Callable Dollar Preference Shares, Series 3, represented by
American Depositary Shares, Series 3
This notice (the “Redemption
Notice”) is in relation to Barclays Bank PLC’s (the
“Company”) $1,375,000,000 7.100%
Non-Cumulative Callable Dollar Preference Shares, Series 3 (ISIN:
GB0094J48799) (the “Preference
Shares”), represented by American Depositary Shares, Series
3 (CUSIP: 06739H 776, ISIN: US06739H7769) issued on September 13,
2007 (the “ADSs” and, collectively
with the Preference Shares, the “Securities”).
The Securities were issued pursuant to the Agency Agreement,
dated September 13, 2007 (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, 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”), and pursuant to the
prospectus dated August 31, 2007 and the prospectus supplement,
dated September 6, 2007. 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
Securities 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:
Redemption
Date:
March 15, 2017
Series of
PreferenceShares to be
Redeemed:
The Company’s $1,375,000,000 7.100%
Non-Cumulative Callable Dollar Preference Shares, Series 3 (ISIN:
GB0094J48799), evidenced in the form of American Depositary Shares,
Series 3 (CUSIP: 06739H 776, ISIN: US06739H7769) issued on
September 13, 2007
Redemption
Price:
$25.00 per Security plus $0.44375 in
accrued but unpaid dividends per Security
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
Notice Regarding
Cessation of
Dividends:
Dividends will cease to accrue upon
redemption of the Securities, which will take place on March 15,
2017
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 Redemption Date, 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 Securities.
When the Company makes the deposit referred to in the preceding
paragraph, all rights of Holders of the Securities 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 TreasuryBarclays PLC1 Churchill PlaceLondon E14
5HPUnited Kingdom011-44-20-7116-1000
For and on behalf of Barclays Bank PLC:
/signature/
Name: Title:
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version on businesswire.com: http://www.businesswire.com/news/home/20170209006283/en/
Analyst and Investor InformationFurther information for
analysts and investors can be obtained from the following contacts
at Barclays:Investor RelationsLisa Bartrip, +44 (0) 20 7773
0708orBarclays TreasuryMiray Muminoglu, +44 (0) 20 7773
8199orTim Allen, +44 (0) 20 3134 6290orMedia RelationsAndrew
Smith, +1 212 412 7521
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