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LONDON - Barclays (LON:BARC) Bank PLC has announced it will redeem all of its outstanding 4.75% Non-Cumulative Callable Euro Preference Shares, Series 2, on June 16, 2025. The decision will affect shares with a current principal amount of EUR 318,560,000, under the ISIN XS0214398199.
The redemption of these securities will be carried out in accordance with their terms and conditions. Shareholders are set to receive a payment for each share consisting of the principal amount of €10,000 plus an accrued dividend of €81.17. This dividend represents the amount accrued from March 17, 2025, until the redemption date.
Payments to shareholders will be made through the relevant clearing systems on the redemption date. Following this transaction, dividends will no longer accrue, and the Euro Preference Shares will be cancelled. In conjunction with the redemption, the listing of these shares on the Luxembourg Stock Exchange’s official list and their trading on its main market will also be cancelled around the same date.
This move is part of the bank’s financial management strategy and is disclosed in compliance with the Market Abuse Regulation (EU) No 596/2014, which mandates the release of inside information relating to the Euro Preference Shares. Shareholders or interested parties seeking further details regarding the redemption process are encouraged to direct their queries to Barclays Bank PLC.
The announcement is based on a press release statement issued by the issuer, Barclays Bank PLC.
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