Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 211

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 211
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 of the holding is held as American Depositary Receipts. Strategy Shareholder information Climate and sustainability report Risk review Financial review Financial statements Barclays PLC 2024 Annual Report on Form 20-F 109Governance Directors&#8217; report: Other statutory and regulatory information (continued)

Powers of Directors to issue and allot or buy back the Company&#8217;s shares The powers of the Directors are determined by the Companies Act 2006 and the Company&#8217;s Articles. The Directors are authorised to issue and allot shares and to buy back shares subject to, and on the terms of, the annual shareholder approval at the AGM. Such authorities were granted by shareholders at the 2024 AGM. It will be proposed at the 2025 AGM that the Directors be granted new authorities to issue and allot and buy back shares. Repurchase of shares On 21 February 2024 and 5 August 2024 the Company commenced share buy-back programmes to purchase its ordinary shares of &pound;0.25p each up a maximum consideration of &pound;1bn and &pound;750m, respectively. The first share buy-back programme concluded on 30 July 2024 and the second share buy-back programme concluded on 5 December 2024. The Company repurchased for cancellation 497,923,138 ordinary shares at a volume weighted average price of 200.8342 pence per ordinary share during the first buy-back programme and 320,247,475 ordinary shares at a volume weighted average price of 234.1939 pence per ordinary share during the second buy- back programme. The purpose of the buy- back programmes was to reduce the Company&#8217;s number of outstanding ordinary shares. In aggregate, the Company purchased 818,170,613 ordinary shares during 2024 with an aggregate nominal value of approximately &pound;205m (this represented approximately 5.7% of the Company's issued share capital as at 31 December 2024) for an aggregate consideration of &pound;1,750m excluding taxes and expenses. All of the repurchased ordinary shares have been cancelled. No further shares have been repurchased since the completion of the second share buy-back programme on 5 December 2024. The maximum number of ordinary shares which could be repurchased by the Company as part of any share buy-back under the authority for on-market share buy-backs granted at the 2024 AGM is 1,192,639