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

Company: BARCLAYS PLC
Filing Date: 2025-02-20
Form: 424B2
Chunk 25
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| Condition to Repurchase | The Issuer or any member of the Group may purchase or otherwise acquire any of the outstanding Securities at any price in the open market or otherwise in accordance with the Capital Regulations, and subject to the prior consent of the PRA and/or   
 the Relevant U.K. Resolution Authority (in either case if such consent is then required by the Capital Regulations) and to applicable law and regulation. In addition, any such repurchase of outstanding Securities shall be subject to the additional 
 conditions set out under “Description of Contingent Capital Securities—Additional Conditions Relating to Redemption and Repurchase of Contingent Capital Securities” in the accompanying prospectus.                                                    |

| Automatic Conversion Upon Capital Adequacy Trigger Event | If a Capital Adequacy Trigger Event occurs, then an Automatic Conversion will occur on the Conversion Date, on the terms and subject to the conditions and procedures set forth under “Description of Fixed Rate Resetting Perpetual        
 Subordinated Contingent Convertible Securities—Automatic Conversion Upon Capital Adequacy Trigger Event” below, at which point all of the Issuer’s obligations under the Securities (other than the CSO Obligations, if any)                
 shall be irrevocably and automatically released in consideration of the Issuer’s issuance of the Conversion Shares to the Conversion Shares Depository (or to the relevant recipient in accordance with the terms of the Securities) on the 
 Conversion Date at the Conversion Price, and under no circumstances shall such released obligations be reinstated. The Automatic Conversion shall occur without delay upon the occurrence of a Capital Adequacy Trigger Event.              |

| A “Capital Adequacy Trigger Event” shall occur if at any time the fully loaded CET1 Ratio is less than 7.00%. Whether a Capital Adequacy Trigger Event has occurred at any time shall be determined by the Issuer and such determination 
 shall be binding on the Trustee and holders of the Securities.                                                                                                                                                                           |

S-16

| “Conversion Shares” means the ordinary shares of the Issuer to be issued to the Conversion Shares Depository (or to the relevant recipient in accordance with the terms of the Securities) following an Automatic Conversion, which             
 ordinary shares shall be in such number as is determined by dividing the aggregate principal amount of the Securities outstanding immediately prior to the Automatic Conversion on the Conversion Date by the Conversion Price rounded down, if 
 necessary, to the nearest whole number of ordinary shares.                                                                                                                                                                                      |

| Conversion Price | The “Conversion Price” of the