Company: BCS
Filing Date: 2025-02-20
Form Type: 424B2
Source: 0001193125-25-030302
Chunk: 27

Company: BARCLAYS PLC
Filing Date: 2025-02-20
Form: 424B2
Chunk 27
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 but not all of the Conversion Shares are sold in the Conversion Shares                                                  
 Offer, (x) the pro rata share of the cash proceeds from the sale of the Conversion Shares attributable to such Security translated from sterling into U.S. dollars at a then-prevailing exchange rate (less any foreign exchange transaction      
 costs) and (y) the pro rata share of the Conversion Shares not sold pursuant to the Conversion Shares Offer attributable to such Security rounded down to the nearest whole number of Conversion Shares, and (iii) if no Conversion               
 Shares are sold in a Conversion Shares Offer, the relevant Conversion Shares attributable to such Security rounded down to the nearest whole number of Conversion Shares, subject in the case of (i) and (ii)(x) above to deduction from any such 
 cash proceeds of an amount equal to the pro rata share of any stamp duty, stamp duty reserve tax, or any other capital, issue, transfer, registration, financial transaction or documentary tax that may arise or be paid as a consequence of the 
 transfer of any interest in the Conversion Shares to the Conversion Shares Depository as a consequence of the Conversion Shares Offer.                                                                                                            |

| Agreement with Respect to the Determination of the Subsequent Interest Rate | Notwithstanding and to the exclusion of any other term of the Securities or any other agreements, arrangements, or understandings between us and any holder or beneficial owner of the Securities, or the Trustee on behalf of the holders of the         
 Securities, by acquiring the Securities, each holder and beneficial owner of the Securities acknowledges, accepts, agrees to be bound by and consents to the determinations made by the Issuer, the Independent Adviser, the Trustee, the Principal       
 Paying Agent, the Calculation Agent or other relevant entities, as applicable, to determine the Subsequent Interest Rate in the event the Issuer determines that a Benchmark Event has occurred or that there is a Successor Rate, including as may occur 
 without any prior notice from the Issuer and without the need for the Issuer to obtain any further consent from holders and beneficial owners of the Securities to implement consequential amendments to the Indenture and other agreements or documents  
 relating to the Securities.                                                                                                                                                                                                                               |

| For more information, see “Description of Contingent Capital Securities—Determination of Subsequent Interest Rate” and “Description of Contingent Capital Securities—Agreement with Respect to the Determination 
 of the Subsequent Interest Rate” below.                                                                                                                                                                          |

| Agreement with Respect to the Exercise of U.K. Bail