Barclays PLC Results of invitation to purchase Notes for cash (0958L)

TIDMBARC TIDM96ES

RNS Number : 0958L

Barclays PLC

28 September 2016

28 September 2016

BARCLAYS PLC INVITATION TO PURCHASE NOTES FOR CASH: ANNOUNCEMENT OF RESULTS

On 20 September 2016, Barclays PLC (the "Offeror") launched invitations to holders of certain notes set out in the table below the (the "Notes") issued by Barclays Bank PLC to tender such Notes for purchase by the Offeror (the "Offers"), subject to applicable offer and distribution restrictions.

Further to such invitations, the Offeror hereby informs the Noteholders that, as of the Expiration Deadline for the Offers (being 5:00 p.m. (New York City time) on 27 September 2016), the aggregate principal amount of each Series of Notes validly tendered and to be accepted for purchase, and the Purchase Price of each Series of Notes is as set out in the table below, and each such Noteholder is entitled to receive on the Settlement Date, being 30 September 2016, the applicable Purchase Price plus any Accrued Interest Payment.

 
 
                                                                           Aggregate 
                                                          Aggregate        Principal                        Accrued 
                                                          Principal          Amount                       Interest per 
   Description of                                           Amount        Accepted for      Purchase        Minimum 
        Notes             Issuer        CUSIP / ISIN     Outstanding        Purchase      Price(1) (%)    Denomination 
--------------------  --------------  ---------------  ---------------  ---------------  -------------  -------------- 
 Subordinated 
  Floating Rate 
  Notes due 2040       Barclays Bank                                                       67.50 per 
  (the "2040 Notes")        PLC         XS0122679243    EUR100,000,000   EUR32,000,000       cent.          EUR4.83 
 6.125 per cent.       Barclays Bank    XS0145875513    GBP36,244,000     GBP2,325,000     108.50 per      GBP27.52 
  Undated                   PLC                                                              cent. 
  Subordinated Notes 
  (the "Undated 
  Subordinated 
  Notes") 
 6.86 per cent.        Barclays Bank     06738CAG4/     US$182,133,000    US$3,503,000     117.00 per      US$20.01 
  Callable Perpetual        PLC         XS0155141830/                                        cent. 
  Core Tier One                         US06738CAG42 
  Notes (the "Tier 
  One Notes") 
 Junior Undated        Barclays Bank    GB0000784164    US$202,985,000   US$71,055,000     70.00 per       US$21.94 
  Floating Rate             PLC                                                              cent. 
  Notes (the 
  "Undated Floating 
  Rate Notes") 
 Undated Floating      Barclays Bank    GB0000779529    US$335,430,000   US$168,790,000    70.00 per       US$24.31 
  Rate Primary              PLC                                                              cent. 
  Capital Notes (the 
  "Series 1 Notes") 
 Undated Floating      Barclays Bank    GB0000777705    US$414,630,000   US$119,430,000    70.00 per       US$12.50 
  Rate Primary              PLC                                                              cent. 
  Capital Notes 
  Series 2 (the 
  "Series 2 Notes") 
 Undated Floating      Barclays Bank    XS0015014615    GBP145,000,000   GBP124,500,000    80.00 per       GBP645.49 
  Rate Primary              PLC                                                              cent. 
  Capital Notes 
  Series 3 (the 
  "Series 3 Notes") 
 

_______________

   (1)     The Purchase Price does not include accrued and unpaid interest 
 
                                                                         Aggregate 
                                                        Aggregate        Principal                         Accrued 
                                                        Principal          Amount                        Interest per 
   Description of                                         Amount        Accepted for      Purchase         Minimum 
       Notes              Issuer        CUSIP/ISIN     Outstanding        Purchase      Price(2) (%)     Denomination 
-------------------  ---------------  -------------  ---------------  ---------------  --------------  --------------- 
 5.75 per cent.       Barclays Bank    XS0134886067   GBP455,408,000   GBP181,679,000    124.432 per       GBP2.52 
 Fixed Rate                PLC                                                              cent. 
 Subordinated Notes 
 due 2026 (the 
 "2026 Notes") 
 

_______________

   (2)     The Purchase Price does not include accrued and unpaid interest 

The Offers remain subject to the conditions and restrictions set out in a tender offer memorandum dated 20 September 2016 (the "Tender Offer Memorandum") and the related notice of guaranteed delivery. Capitalised terms used and not otherwise defined in this announcement have the meanings given in the Tender Offer Memorandum.

The Issuer intends to accept all Notes validly offered for purchase, subject, inter alia, to the Noteholders having offered for purchase the relevant Minimum Denomination and the Authorised Denominations of the Notes in accordance with the Tender Offer Memorandum.

The Offers have now expired and no further Notes can be tendered for purchase.

For Further Information

A complete description of the terms and conditions of the Offers is set out in the Tender Offer Memorandum and the related notice of guaranteed delivery. Further details about the transaction can be obtained from:

The Dealer Manager

Barclays Capital Inc.

745 Seventh Avenue

New York, New York 10019

United States

   Tel:                                           [phone] or [phone] 
   US Toll Free Number:               [phone] 
   Email:                                       [e-mail] 
   Attention:                                  Liability Management Group 

The Tender Agent

Lucid Issuer Services Limited

Tankerton Works

12 Argyle Walk

London WC1H 8HA

United Kingdom

   Tel:                               [phone] 
   Fax:                              [phone] 
   Attention:                      Thomas Choquet / Arlind Bytyqi 
   Email:                           [e-mail] 

A copy of the Tender Offer Memorandum and the notice of guaranteed delivery is available to eligible persons upon request from the Tender Agent and at http://www.lucid-is.com/barclays.

Analyst and Investor Information

Further information for analysts and investors can be obtained from the following contacts at Barclays:

Investor Relations

Lisa Bartrip

Tel: [phone]

Barclays Treasury

Miray Muminoglu

Tel: [phone]

Media Relations

Tom Hoskin

Tel: [phone]

DISCLAIMER

The Dealer Manager does not take any responsibility for the contents of this announcement. This announcement must be read in conjunction with the Tender Offer Memorandum. No offer to acquire any Notes is being made pursuant to this announcement.

The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement and/or the Tender Offer Memorandum comes are required by each of the Offeror, the Dealer Manager and the Tender Agent to inform themselves about and to observe any such restrictions.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 28, 2016 07:45 ET (11:45 GMT)