Barclays PLC Updates On Proposed Rights Issue


Monday, 5 Aug 2013 04:30am EDT 

Barclays PLC announced on 30 July 2013, as part of its Leverage Plan, an underwritten Rights Issue of one New Ordinary Share for every four Existing Ordinary Shares at an Issue Price of GBP1.85 per New Ordinary Share, to raise approximately GBP5.8 billion (net of expenses). Further to such announcement, Barclays announced that it has appointed a number of additional banks (the 'Additional Underwriters and Joint Bookrunners') to the syndicate of banks who have underwritten the Rights Issue. The Additional Underwriters and Joint Bookrunners appointed to the syndicate are ABN AMRO Bank N.V., Banco Santander S.A., BNP Paribas, ING Bank N.V., J.P. Morgan Securities plc (which conducts its UK investment banking activities as J.P. Morgan Cazenove), Mediobanca - Banca di Credito Finanziario S.p.A., Morgan Stanley Securities Limited, RBC Capital Markets and SMBC Nikko Capital Markets Limited. Such appointments have been made on the basis set out in the announcement released on July 30, 2013. Further details of such appointments will be set out in the Prospectus, which is expected to be published in September 2013. Barclays Investment Bank is acting as Global Co-ordinator and Joint Bookrunner, and Credit Suisse, Deutsche Bank, BofA Merrill Lynch and Citi are acting as Joint Bookrunners and Initial Underwriters.