Barclays PLC Suspension of dividend payments (3200I)
April 01 2020 - 2:00AM
UK Regulatory
TIDMBARC
RNS Number : 3200I
Barclays PLC
31 March 2020
31 March 2020
Barclays PLC (the "Company")
Suspension of Dividend Payments on Ordinary Shares
In order to help Barclays serve the needs of businesses and
households through the extraordinary challenges presented by
COVID-19, the Board has decided that for 2020 the Company will not
undertake any interim ordinary share dividend payments, accrual of
ordinary share dividends, or share buybacks.
In addition, in response to a request from the UK Prudential
Regulation Authority and to preserve additional capital for use in
serving Barclays' customers and clients, the Board has agreed to
cancel the 6.0p per ordinary share full year 2019 dividend that was
due for payment on 3 April 2020. The Board will decide on any
future dividend policy and amounts at year-end 2020.
The Company still intends to publish its Q1 2020 Results
Announcement on or about 29 April 2020.
Commenting, Nigel Higgins, Chairman, said:
"These are difficult decisions, not least in terms of the
immediate impact they will have on shareholders. The bank has a
strong capital base, but we think it is right and prudent, for the
many businesses and people that we support, to take these steps
now, and ensure that Barclays is well placed to continue doing what
we can to help through this crisis."
- ENDS -
For further information, please contact:
Investor Relations Media Relations
Chris Manners Tom Hoskin
+44 (0)20 7773 2136 +44 (0)20 7116 4755
About Barclays
Barclays is a British universal bank. We are diversified by
business, by different types of customer and client, and geography.
Our businesses include consumer banking and payments operations
around the world, as well as a top-tier, full service, global
corporate and investment bank, all of which are supported by our
service company which provides technology, operations and
functional services across the Group.
For further information about Barclays, please visit our website
home.barclays
MAR - Inside Information
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of Article 7 of the Market Abuse Regulation (EU) No 596/2014.
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END
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