Company: BCS
Filing Date: 2025-02-20
Form Type: 424B2
Source: 0001193125-25-030302
Chunk: 81

Company: BARCLAYS PLC
Filing Date: 2025-02-20
Form: 424B2
Chunk 81
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 Securities.

There is no restriction on the amount or type of further securities or indebtedness that the Issuer or its subsidiaries may issue, incur or guarantee.

Subject to complying with applicable regulatory requirements in
respect of the Group’s leverage and capital ratios, there is no restriction on the amount or type of further securities or indebtedness that the Issuer or its

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subsidiaries may issue, incur or guarantee, as the case may be, that rank senior to, or pari passu with, the Securities. The issue or guaranteeing of any such further securities or
indebtedness may reduce the amount recoverable by holders of the Securities on a liquidation or winding-up of the Issuer and may limit the Issuer’s ability to meet its obligations under the Securities. In
addition, the Securities do not contain any restriction on the Issuer issuing securities that may have preferential rights to the Securities or securities with similar or different provisions to those described herein.

Prior to the Conversion Date, holders will not be entitled to any rights with respect to the Issuer’s ordinary shares, but will be subject to all changes made with respect to the Issuer’s ordinary shares.

The exercise of voting rights and certain other rights related to
any Conversion Shares is only possible after the issue, registration and delivery of the Conversion Shares on the Conversion Date to the Conversion Shares Depository (or the relevant recipient) in accordance with the provisions of, and subject to
the limitations provided in, the articles of association of the Issuer and under “Description of Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities—Automatic Conversion Upon Capital Adequacy Trigger Event.” Prior to such issuance, registration and delivery, holders will be subject to all changes made with respect to the Issuer’s ordinary shares.

As a result of holders of the Securities receiving Conversion Shares upon the occurrence of a Capital Adequacy Trigger Event, they are particularly exposed to changes in the market price of the Issuer’s ordinary shares.

In general, investors in convertible or exchangeable
securities may seek to hedge their exposure in the underlying equity securities at the time of acquisition of the convertible or exchangeable securities. Prospective investors in the Securities may look to sell ordinary shares of the Issuer in
anticipation of taking a position in, or whilst holding, the Securities. This could drive down the price of the Issuer’s ordinary shares. Since the Securities will mandatorily convert into Conversion Shares upon the occurrence of a Capital
Ade