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Barclays PLC – Tender Offer - Launch

BARCLAYS PLC ANNOUNCES AN INVITATION TO PURCHASE NOTES FOR CASH - US06738EAC93

11 DECEMBER 2023


Full announcement, including disclaimers and offer/distribution restrictions, available via Prnewswire: Source: Barclays Bank PLC


"LONDON, Dec. 11, 2023 /PRNewswire/ -- Barclays PLC (the "Issuer") has today launched an invitation to holders (the "Noteholders") of the notes set out in the table below (the "Notes") issued by the Issuer to tender any and all of the Notes for purchase by the Issuer for cash (the "Offer"), subject to applicable offer and distribution restrictions.


The Offer is being made on the terms and subject to the conditions and restrictions set out in a tender offer memorandum dated December 11, 2023 (the "Tender Offer Memorandum") and the related notice of guaranteed delivery. Capitalized terms used and not otherwise defined in this announcement have the meanings given to them in the Tender Offer Memorandum.


The Offer





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"Rationale for the Offer


The Offer is made as part of the Issuer's ongoing management of its liabilities, providing the Noteholders with an opportunity to have their Notes repurchased, while maintaining a prudent approach to the management of the Group's capital position. The Group will continue to meet all of its capital requirements irrespective of the outcome of the Offer. The Group intends to continue issuing senior unsecured and subordinated liabilities in all major currency markets. The Offer is not conditional upon any future capital markets issuance."


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