Exercise of Warrants

RNS Number : 8102X

Barclays PLC

13 February 2013

 



13 February 2013

Barclays PLC

Barclays Bank PLC

Barclays PLC and Barclays Bank PLC have today entered into an agreement with Deutsche Bank AG and Goldman Sachs International (the Warrantholders) pursuant to which the Warrantholders have agreed to exercise in aggregate 379,218,809 outstanding warrants, constituted by a warrant deed poll dated 31 October 2008 (the Warrants), to subscribe for an equivalent number of new ordinary shares in Barclays PLC. As a consequence of this agreement no other Warrants will remain outstanding.

As a consequence of the exercise of the Warrants, Barclays PLC will receive £750 million of Core Tier 1 equity capital, equivalent to an additional pro forma 19bps on its full year 2012 Core Tier 1 Ratio of 10.9%. 

Conditional upon receipt of this amount, Barclays PLC has agreed to contribute such amount to the capital of Barclays Bank PLC. As a result, Barclays Bank PLC will receive a net £743.7 million of Core Tier 1 equity capital.

The transaction will involve the payment of an aggregate £6.3 million Warrant Exercise Payment by Barclays Bank PLC to the Warrantholders, in respect of the early exercise of the Warrants.

For further information, please contact:

Barclays

Investor Relations	Media Relations
Charlie Rozes	Giles Croot
[phone]	[phone]

About Barclays

Barclays is a major global financial services provider engaged in personal banking, credit cards, corporate and investment banking, and wealth and investment management with an extensive international presence in Europe, the Americas, Africa and Asia. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs approximately 140,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide. For more information, please visit the Barclays website: www.barclays.com.

 

END

 

 

MSCNKNDPNBKDABD