Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 617

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 617
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                                             £m |   £m |                                             £m |   £m |                                        £m |   £m |
| Barclays Bank PLC issued:       |                                                |      |                                                |      |                                           |      |
| – Preference shares             |                                             41 |   40 |                                            529 |  529 |                                        41 |   40 |
| – Upper Tier 2 instruments      |                                              8 |   24 |                                            126 |  126 |                                         8 |   24 |
| Other non-controlling interests |                                              — |    — |                                              5 |    5 |                                         — |    — |
| Total                           |                                             49 |   64 |                                            660 |  660 |                                        49 |   64 |

In 2024 , there were no issuances ( 2023 : none ) and no redemptions ( 2023 : £ 312m ). Other non-controlling interests relates to the

holding in Female Innovators Lab LP, see Note 43 for more details.

Barclays Bank PLC and protective rights of non-controlling interests

Barclays PLC holds 100% of the voting rights of Barclays Bank PLC. As at 31 December 2024 , Barclays Bank PLC has in issue preference

shares and Upper Tier 2 instruments. These are non-controlling interests to the Group.

A fixed coupon rate is attached to all Upper Tier 2 instruments until the initial call date.

After the initial call date, in the event they are not redeemed, coupon payments in relation to the 6.125% Undated Notes are fixed

periodically in advance for five-year periods based on market rates. Coupon payments for all other Upper Tier 2 instruments are at rates

fixed periodically in advance based on market rates.

The payment of preference share dividends and Upper Tier 2 coupons are typically at the discretion of Barclays Bank PLC, except for

coupon payments that become compulsory where Barclays PLC has declared or paid a dividend on ordinary shares, or in certain cases,

any class of preference shares, in the preceding six-month period. Coupons not paid become payable in each case if such a dividend is

subsequently paid or in certain other circumstances. No dividend or coupon payments may be made unless Barclays Bank PLC satisfies

a specified solvency test. Under the terms of these instruments, Barclays PLC may not pay dividends on ordinary shares until a dividend

or coupon is next paid on these instruments or the instruments are redeemed or purchased by