Company: BCS
Filing Date: 2025-02-20
Form Type: 424B2
Source: 0001193125-25-030302
Chunk: 234

Company: BARCLAYS PLC
Filing Date: 2025-02-20
Form: 424B2
Chunk 234
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 proceeding in the name of and on the behalf of the trustee for any remedy available to the trustee or exercising any trust or power conferred on the trustee with respect to such series of the contingent capital securities. However, this direction (a) must not be in conflict with any rule of law or the Contingent Capital Securities Indenture and (b) must not be unjustly prejudicial to the holder(s) of such series of the contingent capital securities not taking part in the direction, in the case of either (a) or (b) as determined by the trustee in its sole discretion. The trustee may also take any other action, consistent with the direction, that it deems proper. The trustee will, within ninety (90) days of a Contingent Capital Enforcement Event with respect to the contingent capital securities of any series, give to each affected holder of the contingent capital securities of the affected series notice of any Contingent Capital Enforcement Event known to the trustee, unless the Contingent Capital Enforcement Event has been cured or waived. However, the trustee will be entitled to withhold notice if a trust committee of responsible officers of the trustee determine in good faith that withholding of notice is in the interest of the holders. We are required to furnish to the trustee annually a statement as to our compliance with all conditions and covenants under the Contingent Capital Securities Indenture. Limitation on Suits Before a holder of the contingent capital securities may bypass the trustee and bring its own lawsuit or other formal legal action or take other steps to enforce its rights or protect its interests relating to the contingent capital securities, the following must occur:

| • |     | The holder must give the trustee written notice that a Contingent Capital Enforcement Event has occurred and                                      
 remains uncured, specifying such default and stating that such notice is a “Notice of Default” under the Contingent Capital Securities Indenture. |

| • |     | The holders of 25% in principal amount of all outstanding contingent capital securities of the relevant series                                                                                                                                     
 must make a written request that the trustee take action because of the Contingent Capital Enforcement Event, and the holder must offer to the trustee indemnity or security satisfactory to the trustee in its sole discretion against the costs, 
 expenses and other liabilities to be incurred in compliance with such request.                                                                                                                                                                     |

| • |     | The trustee must not have taken action for sixty (60) days after receipt of the above notice and offer of                                                                                                                 
 security or indemnity, and the