Barclays Bank to Redeem and Delist Euro Preference Shares
Why we think this is very bad
The announcement of the redemption and cancellation of listing for Barclays Bank's Euro Preference Shares is a negative development for investors holding these securities. The redemption will result in the loss of an investment opportunity and the delisting of the shares, which is generally seen as an unfavorable outcome for shareholders.
Key Points
- Barclays Bank PLC is redeeming all outstanding 4.75% Non-Cumulative Callable Euro Preference Shares, Series 2
- Redemption price of €10,000 per share plus accrued dividends
- Euro Preference Shares will be cancelled and delisted from the Luxembourg Stock Exchange
Summary
The financial services company is redeeming and delisting its Euro Preference Shares, signaling the end of this investment opportunity for shareholders.
Barclays Bank PLC is redeeming all of its outstanding 4.75% Non-Cumulative Callable Euro Preference Shares, Series 2 on 16 June 2025. The redemption price will be €10,000 per share plus accrued dividends. Upon redemption, the Euro Preference Shares will be cancelled, and their admission to trading on the Luxembourg Stock Exchange will be cancelled.
GENERAL UPDATE