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 Mellon
The Bank of New York Mellon
One Canada Square
101 Barclay Street
London E14 5AL
22nd Floor West
United Kingdom
New York, NY 10286
Attn: Corporate Trust Administration
Attn: Depositary Receipts Division
Email: corpsov2@bnymellon.com
Email: Thomas.abbott@bnymellon.com;
Fax: +44 (0) 20 7964 2536
Joanne.digiovanni@bnymellon.com
Notice of Redemption: Barclays Bank PLC 7.75% Non-Cumulative
Callable Dollar Preference Shares, Series 4, represented by
American Depositary Shares, Series 4
This notice (the “Redemption
Notice”) is in relation to Barclays Bank PLC’s (the
“Company”) $1,150,000,000 7.75%
Non-Cumulative Callable Dollar Preference Shares, Series 4 (ISIN
US06739H5110) (the “Preference
Shares”), represented by American Depositary Shares, Series
4 (CUSIP: 067 39H511, ISIN: US06739H5110) issued on December 7,
2007 (the “ADSs” and, collectively
with the Preference Shares, the “Securities”).
The Securities were issued pursuant to the Agency Agreement,
dated December 7, 2007 (the “Agency
Agreement”), between the Company and The Bank of New York
Mellon, London office, 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”), and pursuant to the
prospectus dated August 31, 2007 and the prospectus supplement,
dated November 30, 2007. Capitalized terms used herein and not
defined herein shall have the respective meanings ascribed to such
terms in the Agency Agreement.
Barclays Bank PLC 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, Barclays Bank PLC 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:
June 15, 2016
Series of
PreferenceShares to be
Redeemed:
The Company’s $1,150,000,000 7.75% Non-Cumulative Callable Dollar
Preference Shares, Series 4 (ISIN US06739H5110), evidenced in the
form of American Depositary Shares, Series 4 (CUSIP: 067 39H511,
ISIN: US06739H5110) issued on December 7, 2007
Redemption
Price:
$25.484375 per Security, including $0.484375 in accrued but unpaid
dividends per Security
Location Where
HoldersMay Surrender Documentsof Title and Obtain
Paymentof the Redemption Price:
The Bank of New York MellonOne Canada
SquareLondon E14 5ALUnited KingdomAttn: Corporate Trust
AdministrationEmail: corpsov2@bnymellon.comFax: +44 (0) 20 7964
2536
Notice Regarding
Cessationof Dividends:
Dividends will cease to accrue upon redemption of the Securities,
which will take place on June 15, 2016
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, Barclays
Bank PLC 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 Barclays Bank PLC 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:
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160509006459/en/
Further 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 RelationsMark Lane,
+1-212-412-1413
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