STOCK TITAN

Barclays PLC (NYSE: BCS) starts £1,000m buy-back to cancel shares

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Barclays PLC is commencing a share buy-back programme to repurchase its ordinary shares of 25 pence each for up to a maximum consideration of £1,000m. The programme starts on 29 July 2026 and will end no later than 28 January 2027, subject to regulatory approval remaining in place.

The stated purpose is to reduce the Company’s share capital, with all repurchased shares to be cancelled. Barclays has appointed Citigroup Global Markets Limited to execute on-market purchases on the London Stock Exchange as riskless principal under pre-set parameters and existing shareholder authority. The maximum number of shares that may be repurchased is 1,378,798,169, in line with the authority granted at the 7 May 2026 annual general meeting. No repurchases will be made in the United States or in respect of American Depositary Receipts.

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Buy-back maximum consideration £1,000m Maximum total amount for the ordinary share buy-back programme
Ordinary share par value 25 pence Par value of each ordinary share eligible for repurchase
Maximum shares eligible for repurchase 1,378,798,169 Ceiling under the 2026 shareholder authority for the buy-back
Programme start date 29 July 2026 Commencement date of the share buy-back programme
Programme latest end date 28 January 2027 Latest date by which the buy-back programme will end
AGM authorising repurchase 7 May 2026 Date of annual general meeting granting the 2026 Authority
share buy-back programme financial
"it will commence a share buy-back programme to purchase ordinary shares"
A share buy-back programme is when a company purchases its own shares from the market. This reduces the total number of shares available, which can increase the value of remaining shares and signal confidence in the company's future. For investors, it can be a sign that the company believes its stock is undervalued and may lead to higher share prices.
riskless principal financial
"carry out on-market purchases of Ordinary Shares, acting as riskless principal"
Market Abuse Regulation (EU) No 596/2014 regulatory
"in accordance with Article 5(1) of the Market Abuse Regulation (EU) No 596/2014"
Commission Delegated Regulation (EU) No 2016/1052 regulatory
"the Commission Delegated Regulation (EU) No 2016/1052 (as it forms part of domestic law"
American Depositary Receipts financial
"No repurchases will be made in the United States or in respect of the Company's American Depositary Receipts"
A certificate traded on U.S. markets that represents ownership of shares in a foreign company, letting U.S. investors buy and sell that company as if it were listed domestically. Think of it as a local voucher for a foreign product: it makes price quotes in dollars, trades on familiar exchanges, and brings differences in liquidity, fees and legal protections that can affect returns and risk compared with buying the underlying foreign shares directly.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What share buy-back did Barclays PLC (BCS) announce on 29 July 2026?

Barclays PLC announced a share buy-back programme to repurchase ordinary shares for up to £1,000m. The repurchased shares will be cancelled, with the stated purpose of reducing the Company’s share capital over the programme period.

How large is Barclays PLC (BCS) 2026 share buy-back in monetary terms?

The buy-back authorises Barclays to spend up to £1,000m repurchasing its ordinary shares. This cap represents the maximum total consideration for the programme, not a commitment to use the full amount during the authorised period.

What is the timeframe for the Barclays (BCS) share buy-back programme?

The buy-back will commence on 29 July 2026 and end no later than 28 January 2027. The timeline is also described as subject to regulatory approval remaining in place throughout the programme’s duration.

What is the maximum number of Barclays (BCS) shares that may be repurchased?

The maximum number of ordinary shares that may be repurchased under the programme is 1,378,798,169. This figure corresponds to the repurchase authority granted to Barclays at its annual general meeting held on 7 May 2026.

Who is executing the Barclays PLC (BCS) share buy-back and how?

Barclays has appointed Citigroup Global Markets Limited to conduct the buy-back as riskless principal. Citi will make independent trading decisions, purchasing shares on the London Stock Exchange and then on-selling them to Barclays under pre-set parameters.

Will Barclays PLC (BCS) conduct buy-backs in the US or on its ADRs?

No. The company states that no repurchases will be made in the United States or in respect of its American Depositary Receipts. Purchases will be executed on the London Stock Exchange under applicable UK and retained EU regulations.
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
 
FORM 6-K
 
 
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
 
July 29, 2026
 
Barclays PLC
(Name of Registrant)
 
1 Churchill Place
London E14 5HP
England
(Address of Principal Executive Office)
 
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.
 
Form 20-F x Form 40-F
 
This Report on Form 6-K is filed by Barclays PLC.
 
This Report comprises:
 
Information given to The London Stock Exchange and furnished pursuant to
General Instruction B to the General Instructions to Form 6-K.
 
 

 
 
 
SIGNATURES
 
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 
 
BARCLAYS PLC
 
(Registrant)
 
 
 
Date: July 29, 2026
 
 
 
By: /s/ Garth Wright
--------------------------------
 
Garth Wright
 
Assistant Secretary
 
 

29 July 2026
 
Barclays PLC
Commencement of Buy-back
 
Barclays PLC (the "Company") announces that, as disclosed in its announcement on 28 July 2026, it will commence a share buy-back programme to purchase ordinary shares of 25 pence each in the Company ("Ordinary Shares") for up to a maximum consideration of £1,000m (the "Buy-back"). The Buy-back will commence on 29 July 2026 and end no later than 28 January 2027 (subject to regulatory approval remaining in place). The purpose of the Buy-back is to reduce the share capital of the Company and therefore Ordinary Shares purchased under the Buy-back will be cancelled.
 
The Company has entered into an agreement with Citigroup Global Markets Limited ("Citi") to conduct the Buy-back on its behalf and carry out on-market purchases of Ordinary Shares, acting as riskless principal, and to on-sell such Ordinary Shares to the Company.
 
Citi will make trading decisions in relation to the Buy-back independently of, and without further instruction from, the Company.  Any purchases of Ordinary Shares under the Buy-back will be carried out on the London Stock Exchange in accordance with certain pre-set parameters set out in the agreement with Citi and in accordance with (and subject to the limits prescribed by) the Company's general authority to repurchase Ordinary Shares granted by its shareholders at the annual general meeting on 7 May 2026 (the "2026 Authority"), Chapter 9 of the Financial Conduct Authority's UK Listing Rules, Article 5(1) of the Market Abuse Regulation (EU) No 596/2014 (as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended), the Commission Delegated Regulation (EU) No 2016/1052 (as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended), and other applicable laws.
 
No repurchases will be made in the United States or in respect of the Company's American Depositary Receipts.
 
The maximum number of Ordinary Shares that may be repurchased under the Buy-back is 1,378,798,169, being the number of Ordinary Shares the Company is authorised to repurchase under the 2026 Authority.
 
 
 
- ENDS -
 
For further information, please contact:
 
Investor Relations                                                       Media Relations
 
Marina Shchukina +44 (0) 20 7116 2526                   Tom Hoskin +44 (0) 20 7116 4755
 
 
 
About Barclays
 
Our vision is to be the UK-centred leader in global finance.  We are a diversified bank with comprehensive UK consumer, corporate and wealth and private banking franchises, a leading investment bank and a strong, specialist US consumer bank.  Through these five divisions, we are working together for a better financial future for our customers, clients and communities.
 
For further information about Barclays, please visit our website home.barclays.