Barclays PLC (LON:BARC) will launch a share buyback program to buy 25p each common shares in the company for a maximum consideration of £500m.
The buy-back will commence on the (London) business day immediately following the completion of the £1,000 million share buy-back program initiated by the Company on 30 July 2025 and will end no later than 20 April 2026 (subject to regulatory approval remaining in force). The purpose of the repurchase is to reduce the share capital of the Company and therefore the Common Shares purchased under the Repurchase will be cancelled.
The Company has entered into an agreement with Citigroup Global Markets Limited to conduct the repurchase on its behalf and to make purchases in the market of common shares, acting as a risk-free principal, and to sell such common shares to the Company.
No repurchases will be made in the United States or in connection with the Company’s American warehouses.
The maximum number of Common Shares that may be repurchased under the Buy Back will be equal to the number of Common Shares that the Company is authorized to repurchase pursuant to the 2025 Principle (1,436,786,392 Common Shares) less the number of Common Shares being purchased (and to be purchased £0 with the £1.00 share repurchase) under of program 30 July 2025.