Barclays PLC Form 6-K Summary
Business Context and Reporting Period
This Form 6-K, dated November 03, 2025, serves as a Notice of Redemption and Cancellation of Listing issued by Barclays PLC. The filing pertains to the company's $1,500,000,000 6.125% Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities (ISIN: US06738EBN40), originally issued on August 12, 2020.
Key Financial Metrics
The filing does not provide general financial performance metrics such as revenue, profit, cash flow, or margins. The specific financial details contained in this document relate solely to the redemption of the securities:
- Principal Amount: $1,500,000,000
- Redemption Price: 100% of the principal amount plus accrued but unpaid interest from September 15, 2025, to the Redemption Date.
- Redemption Date: December 15, 2025
- Interest Accrual: Interest will cease to accrue on the Redemption Date.
Material Changes
The primary material change is the election by Barclays PLC to redeem the outstanding securities in full. Consequently, the listing of these securities on the London Stock Exchange's International Securities Market (ISM) will be cancelled on or shortly after December 15, 2025. The company has committed to depositing sufficient funds with the Trustee prior to the Redemption Date to ensure payment.
Outlook, Risks, and Management Commentary
Management commentary is limited to the procedural execution of the redemption under Section 11.02 of the Base Indenture and Sections 2.04 and 2.07 of the Fourth Supplemental Indenture. No forward-looking guidance, risk factors, or contingencies regarding the company's broader operations are disclosed in this specific notice. The filing confirms that upon the deposit of funds, all holder rights will cease except for the right to receive the Redemption Price without further interest.
Key Facts for Investor Verification
- Verify the redemption date of December 15, 2025, for the $1.5 billion contingent convertible securities.
- Confirm the calculation of accrued interest from September 15, 2025, to December 15, 2025, to determine the total payout.
- Note the cancellation of the listing on the London Stock Exchange's International Securities Market (ISM) following the redemption.
- Identify the payment agent as The Bank of New York Mellon, London Branch, for surrendering securities.