Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 695

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 695
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 | Yes | Awards over Shares subjectto risk-adjustedperformance conditionsand malus provisions                                    | –Awarded on a discretionary basis with participation reviewed bythe Committee.–Awards only vest if the forward-looking performanceconditions are satisfied over a three year period.–LTIP awards vest over seven years dependent on futureservice.–Vesting is subject to malus terms, suspension provisions andthe other provisions of the rules of the LTIP.–Any Shares released under the LTIP award (after payment oftax) will be subject to an additional holding period of no lessthan the minimum regulatory requirements (currently 12months).–On cessation of employment, eligible leavers (as set out in therules of the LTIP) normally remain eligible for release (on thescheduled release dates) pro-rated for time and performance.For other leavers, awards will normally lapse.–On change of control, awards may vest at the Committee’sdiscretion. |
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| Sharesave                              | All employees inthe UK and Ireland(includingexecutiveDirectors ofBarclays PLC)                 | Yes | Options over Shares at adiscount of 20%, withShares delivered or cashvalue of savings returnedafter three or five years | –HMRC tax advantaged plan in the UK and approved by theRevenue Commissioners in Ireland.–Opportunity to purchase Shares at a discount price (currently a20% discount) set on award date with savings made over threeor five year term.–Maximum individual savings of £300 per month or the Euroequivalent in Ireland.–On cessation of employment, eligible leavers may exerciseoptions and acquire Shares to the extent of their savings for sixmonths.–On change of control, participants may exercise options andacquire Shares to the extent of their savings for six months.                                                                                                                                                                                                                                                                                   |
| Sharepurchase                          | All employees inthe UK (includingexecutiveDirectors ofBarclays PLC)                            | Yes | Shares purchased fromgross salary deductions andDividend/Matching Sharesare held in trust for three tofive years        | –HMRC tax advantaged plan in the UK.–Participants may purchase up to £1,800 of Shares each taxyear (“Partnership Shares”).–Barclays matches the first £600 of Partnership Shares on a onefor one basis for each tax year (“Matching Shares”).–Dividends received are awarded as Dividend Shares.–Part