Company: BCS
Filing Date: 2025-02-20
Form Type: 424B2
Source: 0001193125-25-030302
Chunk: 136

Company: BARCLAYS PLC
Filing Date: 2025-02-20
Form: 424B2
Chunk 136
---
 shall apply from the QTE Effective Date: NCP = ECP * (VWAPAES / VWAPOS) S-84

where:

“NCP” is the New Conversion Price.

“ECP” is the Conversion Price in effect on the dealing day immediately prior to the QTE Effective Date.

“VWAPAES” means the average of the Volume Weighted Average Price of the Approved Entity Shares (translated, if necessary, into the
same currency as the price of the ordinary shares at the Prevailing Rate on the relevant dealing day) on each of the five (5) dealing days ending on the dealing day prior to the closing date of the Takeover Event (and where references in the
definition of “Volume Weighted Average Price” to “ordinary share” shall be construed as a reference to the Approved Entity Shares and in the definition of “dealing day,” references to the “Relevant Stock
Exchange” shall be to the relevant Recognized Stock Exchange).

“VWAPOS” is the average of the Volume Weighted Average Price
of the ordinary shares on each of the five (5) dealing days ending on the dealing day immediately prior to the closing date of the Takeover Event.

“ordinary shares” means (a) prior to the QTE Effective Date, fully paid ordinary shares in the capital of the Issuer currently
with a nominal value of 25 pence each and (b) on and after the QTE Effective Date, the relevant Approved Entity Shares.

“person” includes any individual, company, corporation, firm, partnership, joint venture, undertaking, association, organization,
trust, state or agency of a state (in each case whether or not being a separate legal entity) or other legal entity.

“Price”
means the Conversion Price or the Conversion Shares Offer Price, as applicable.

“QTE Effective Date” means the date with effect
from which the New Conversion Condition shall have been satisfied.

“Qualifying Takeover Event” means a Takeover Event where:
(i) the Acquirer is an Approved Entity; and (ii) the New Conversion Condition is satisfied.

“Recognized Stock
Exchange” means a Regulated Market or another regulated, regularly operating, recognized stock exchange or securities market in an OECD member state.

“Regulated Market” means a regulated market as defined by Article 4.1(21) of Directive 2014/65/EC of the European Parliament and of
the Council on markets in financial instruments or as defined in Regulation (EU