Company: BCS
Filing Date: 2025-02-20
Form Type: 424B2
Source: 0001193125-25-030302
Chunk: 132

Company: BARCLAYS PLC
Filing Date: 2025-02-20
Form: 424B2
Chunk 132
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 not in any event be reduced to below the nominal value of the ordinary shares. Qualifying Takeover Event

| (i) | Within ten (10) Business Days following the occurrence of a Takeover Event, the Issuer shall give notice 
 thereof to the holders of the Securities by means of a Takeover Event Notice.                            |

| (ii) | If the Takeover Event is a Qualifying Takeover Event, the Securities shall, where the Conversion Date falls on                                                                                                                       
 or after the QTE Effective Date, be converted into or exchanged for Approved Entity Shares of the Approved Entity, mutatis mutandis as provided under “—Automatic Conversion Upon Capital Adequacy Trigger Event” above, at a        
 Conversion Price that shall initially be the New Conversion Price, which may be higher or lower than the Conversion Price and references herein to “Conversion Shares” shall be deemed to be references to “Approved Entity Shares.” |

| (iii) | The New Conversion Price shall be subject to adjustment in the circumstances provided for under                                                                                                                                      
 “—Adjustment of Conversion Price and Conversion Shares Offer Price” above (if necessary with such modifications and amendments as an Independent Financial Adviser acting in good faith shall determine to be appropriate and        
 references to “ordinary shares” shall be read as references to “Approved Entity Shares”), and the Issuer shall give notice to the holders of the Securities of the New Conversion Price and of any such modifications and amendments 
 thereafter.                                                                                                                                                                                                                          |

| (iv) | In the case of a Qualifying Takeover Event: |

| (1) | the Issuer shall, to the extent permitted by applicable law and regulation, on or prior to the QTE Effective                                                                                                                                             
 Date, enter into such agreements and arrangements (which may include supplemental indentures to the Indenture and amendments and modifications to the terms of the Securities and the Indenture) as may be required to ensure that, with effect from the 
 QTE Effective Date, the Securities shall be convertible into, or exchangeable for, Approved Entity Shares, mutatis mutandis in accordance with, and subject to, the provisions under “—Automatic Conversion Upon Capital Adequacy                        
 Trigger Event” (as may be so supplemented, amended or modified), at the New Conversion Price and any references to the Conversion Price shall be construed as references to the New Conversion Price; and                                                |

| (2) | upon the occurrence of a Capital Adequacy Trigger Event where the Conversion Date falls on or after the QTE                                                                                                                       
 Effective