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Barclays PLC (BCS) is a global financial institution providing retail banking, investment services, and wealth management across 40+ countries. This news hub offers investors and stakeholders centralized access to verified corporate announcements and market-moving developments.
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Barclays Bank PLC has extended the expiration deadlines for its Exchange Offer and Cash Tender Offer concerning the iPath® S&P GSCI® Crude Oil ETNs. The Exchange Offer now expires on August 31, 2021, offering a 5.68% premium and an exchange ratio of six New Notes for each Old Note. The Cash Tender Offer sets a 105% purchase price based on the closing indicative note value as of the expiration date. Noteholders have tendered 67,611 Old Notes across both offers. The update emphasizes potential price fluctuations linked to the S&P GSCI Index performance.
Barclays Bank PLC has extended the expiration deadlines for its Exchange Offer and Tender Offer for the iPath® S&P GSCI® Crude Oil Total Return Index ETNs. The Exchange Offer will now expire on August 27, 2021, while the Tender Offer will expire at 11:59 p.m. on August 27, 2021. Noteholders can exchange Old Notes for New Notes at a premium of approximately 6%. A total of 126,431 Old Notes have been tendered as of the original deadline. The Purchase Price for the Tender Offer has been set at 105% of the Closing Indicative Note Value.
Barclays Bank PLC has extended the expiration of its Exchange Offer and Tender Offer for iPath® S&P GSCI® Crude Oil Total Return Index ETNs, now set for August 13, 2021. The Exchange Offer allows holders to exchange Old Notes for New Notes due April 18, 2041, while the Tender Offer involves purchasing Old Notes at an increased Purchase Price of $135, reflecting a 2.27% premium. Notably, 25,736 Old Notes were tendered in the Exchange Offer, and 14,415 in the Tender Offer as of July 29, 2021. Holders do not need to re-tender if they have already participated.
Barclays Bank PLC has extended the expiration date for its cash tender offer to purchase its iPath® Bloomberg Natural Gas Subindex Total Return℠ ETNs due October 22, 2037. The new expiration date is September 29, 2021, with a purchase price set at $0.10 per Note. As of the previous expiration, 3,469,500 Notes, or 48.26% of outstanding, had been tendered. The offer remains subject to potential changes, and investors should consider market volatility and the performance of the underlying index.
Barclays has appointed Laurent Meyer as Vice Chairman for Investment Banking Europe. With over 28 years of investment banking experience, he aims to enhance revenue growth by focusing on M&A and Equity Capital Markets in Europe, particularly in France. Previously at Société Générale for 23 years, Laurent has managed global strategic client relationships and led the M&A business. His addition aligns with Barclays' strategy to strengthen its European investment banking capabilities.
Barclays has appointed Ingrid Hengster as Country CEO for Germany, pending regulatory approval. She will also serve as Global Chairman of Investment Banking, joining a leadership group focused on enhancing client relationships and revenue growth. Ingrid brings over 30 years of investment banking experience, previously serving on the Executive Board of KfW Bankengruppe and leading significant projects during the pandemic. Her role is crucial for Barclays’ growth strategy in Europe, particularly in the DACH region.
Barclays appoints Pier Luigi Colizzi as Head of Investment Banking for Continental Europe, joining the Barclays Europe Executive Committee. With 27 years of investment banking experience and over US$200bn in M&A advisory, Colizzi has been crucial in landmark transactions for major clients since joining Barclays in 2012. He will continue to oversee M&A responsibilities in Europe, with further details on the M&A leadership structure to follow. This move aims to strengthen Barclays' presence in Continental Europe and enhance synergies with its other banking divisions.
Barclays Bank PLC announced that there will be no changes to the constituents of the CIBC Atlas Select MLP Index during the next rebalancing period, starting July 9, 2021. The iPath Select MLP ETNs, linked to the Index's performance, are available on the CBOE BZX Exchange under the ticker ATMP. Investing in these ETNs carries significant risks, including potential loss of principal and exposure to high volatility. The Index comprises 20 constituents from the Energy Sector and Gas Utilities, selected based on specific eligibility criteria.
