Company: BCS
Filing Date: 2025-02-20
Form Type: 424B2
Source: 0001193125-25-030302
Chunk: 153

Company: BARCLAYS PLC
Filing Date: 2025-02-20
Form: 424B2
Chunk 153
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2019 introduced a new regime for hybrid capital instruments (the “HCI rules”). The HCI rules contain an exemption from all stamp duties on transfer so that no liability to U.K. stamp duty or stamp duty reserve tax should arise on the issue or transfer of the Securities provided thatthe Securities each constitute a “hybrid capital instrument” for the purposes of the HCI rules and there are no arrangements, the main purpose, or one of the main purposes, of which is to secure a tax advantage. The Securities should constitute “hybrid capital instruments” for the purposes of the HCI rules provided that:

| • |     | the Issuer is entitled to defer or cancel a payment of interest under the Securities; |

| • |     | the Securities “have no other significant equity features”; and |

| • |     | the Issuer has made an election in respect of the Securities. |

The Securities would “have no other significant equity features” provided that:

| • |     | the Securities carry neither significant voting rights in the Issuer nor a right to exercise a dominant influence 
 over the Issuer;                                                                                                  |

| • |     | any provision in the Securities for altering the amount of the principal is limited to write-down or conversion                                                                                                                                        
 events in certain qualifying cases and that is not a right exercisable by the holders of the Securities; one of the qualifying cases is where a provision is included solely because of a need to comply with a regulatory or other legal requirement; 
 and                                                                                                                                                                                                                                                    |

| • |     | any provision for the holders of the Securities to receive anything other than interest or principal is limited 
 to conversion events in qualifying cases.                                                                       |

The Issuer will make a hybrid capital election in respect of the Securities within the required timeframe pursuant to section 475C of the U.K. Corporation Tax Act 2009 and the Securities are not being issued in consequence of, or otherwise in connection with, any arrangements, the main purpose, or one of the main purposes of which, is to secure a tax advantage. Consequently, the Issuer expects that the HCI rules should apply to the Securities such that they would benefit from an exemption from all stamp duties. 2. No liability to U.K. stamp duty or stamp duty reserve tax will generally arise on a cash redemption of Securities, providedno issue or transfer of shares or other securities is effected upon or in connection with such redemption. 3. No liability to U.K. stamp duty or stamp duty reserve tax will arise for a holder of the Securities on the release