Company: BCS
Filing Date: 2025-02-20
Form Type: 424B2
Source: 0001193125-25-030302
Chunk: 130

Company: BARCLAYS PLC
Filing Date: 2025-02-20
Form: 424B2
Chunk 130
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 of the Prices or where the events or circumstances giving rise to any adjustment arise by virtue of any other events or circumstances that have already given or will give rise to an adjustment to each of the   
 Prices or where more than one event that gives rise to an adjustment to each of the Prices occurs within such a short period of time that, in the opinion of the Issuer, a modification to the operation of the adjustment provisions is required to give 
 the intended result, such modification shall be made to the operation of the adjustment provisions as may be determined in good faith by an Independent Financial Adviser to be in its opinion appropriate to give the intended result;                   |

| (B) | such modification shall be made to the operation of the Indenture as may be determined in good faith by an                                                                                       
 Independent Financial Adviser to be in its opinion appropriate to ensure that an adjustment to each of the Prices or the economic effect thereof shall not be taken into account more than once; |

S-80

| (C) | for the avoidance of doubt, the issue of ordinary shares following an Automatic Conversion or upon any                                           
 conversion or exchange or the exercise of any other options, warrants or other rights shall not result in an adjustment to either of the Prices; |

| (D) | in respect of any adjustment pursuant to paragraphs (i) to (iii) above, such adjustment shall be made only                                                                                                                                                
 up to the extent it does not result in a Conversion Price or Conversion Shares Offer Price that, if applied to the number of relevant Securities at the time of such adjustment, would result in a number of Conversion Shares that constitutes a greater 
 proportion of Conversion Shares as a percentage of the total number of ordinary shares issued had the adjustment not been made nor had the corporate event occurred; and                                                                                  |

| (E) | in respect of any adjustment pursuant to paragraph (iv) above, such adjustment shall be made only up to                                                                                                                                                  
 the extent it does not result in a Conversion Price or Conversion Shares Offer Price that, if applied to the number of relevant Securities at the time of such adjustment, would result in the issue of an additional number of Conversion Shares having 
 a value that is greater than the value of the aggregate Extraordinary Dividend which would be attributable to the ordinary shares underlying the Securities had such ordinary shares been issued.                                                        |

No Retroactive Adjustments The Issuer shall not issue any additional Conversion Shares if the Automatic Conversion occurs after the record date in respect of any consolidation, reclassification or subdivision as is mentioned in paragraph (i