Barclays to cancel shares via £500m buy-back after £1,000m program

Rhea-AI Filing Summary

Barclays PLC will commence a share buy-back of Ordinary Shares for up to £500m. It will start on the business day after completion of the £1,000m buy-back launched on 30 July 2025 and end no later than 20 April 2026, subject to regulatory approval remaining in place.

The purpose is to reduce share capital; purchased shares will be cancelled. Citigroup Global Markets Limited will conduct on‑market purchases as riskless principal under pre‑set parameters and applicable UK rules, limited to the London Stock Exchange. No repurchases will be made in the United States or in respect of ADRs.

The maximum number of shares is capped by the 2025 Authority of 1,436,786,392 Ordinary Shares, less those purchased (and to be purchased) under the £1,000m programme.

Insights

Capital markets analyst

Barclays plans a £500m buy-back to cancel shares by April 2026.

Barclays disclosed a new buy-back of up to £500m, beginning after the existing £1,000m programme completes. Repurchased Ordinary Shares will be cancelled, directly reducing share capital.

Citi will execute on the London Stock Exchange as riskless principal under preset parameters and within the shareholder authority from May 7, 2025. Activity excludes the United States and ADRs, aligning with jurisdictional constraints.

The programme ends no later than April 20, 2026. The maximum share count is limited to 1,436,786,392 minus shares bought under the prior programme; actual execution depends on trading conditions and completion of the earlier buy-back.

FAQ

What did Barclays PLC (BCS) announce on its Form 6-K?

Barclays announced a share buy-back of Ordinary Shares for up to £500m, with purchased shares to be cancelled to reduce share capital.

When will the Barclays (BCS) £500m buy-back start and end?

It will start on the business day after the £1,000m programme completes and end no later than 20 April 2026, subject to regulatory approval remaining in place.

Who will conduct Barclays' buy-back and where will purchases occur?

Citigroup Global Markets Limited will execute the buy-back as riskless principal on the London Stock Exchange under preset parameters.

Are there geographic restrictions on Barclays' buy-back?

Yes. No repurchases will be made in the United States or in respect of the Company’s ADRs.

What is the maximum number of shares Barclays may repurchase?

The cap is the 2025 Authority of 1,436,786,392 Ordinary Shares, reduced by shares purchased (and to be purchased) under the £1,000m programme.

What is the stated purpose of Barclays’ buy-back?

To reduce the share capital of the Company; repurchased Ordinary Shares will be cancelled.

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Form 6-K: How Foreign Companies Report to the SEC →

Accepted by SEC EDGAR 10/23/2025 - 07:01 AM Learn about SEC filing dates

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

October 23, 2025

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: October 23, 2025

By: /s/ Garth Wright

--------------------------------

Garth Wright

Assistant Secretary

23 October 2025

Barclays PLC

Future commencement of Buy-back

Barclays PLC (the "Company") announces that, as disclosed in its announcement on 22 October 2025, 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 £500m (the "Buy-back"). The Buy-back will commence on the business day (in London) immediately following completion of the £1,000m share buy-back programme commenced by the Company on 30 July 2025 and end no later than 20 April 2026 (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 2025 (the "2025 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 will be such number as is equal to the number of Ordinary Shares the Company is authorised to repurchase under the 2025 Authority (1,436,786,392 Ordinary Shares) less the number of Ordinary Shares purchased (and to be purchased) as part of the £1,000m share buy-back programme commenced on 30 July 2025.

- 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.