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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' Impact Series report highlights the growing challenges to global food security, exacerbated by the war in Ukraine and extreme weather. The report warns that ongoing food price pressures could lead to shortages, particularly in vulnerable countries. Key findings include the potential for social unrest due to rising food insecurity, reduced crop yields from climate impacts, and increasing trade protectionism which threatens the availability of essential food crops. The report underscores that previous gains in reducing hunger and poverty are at risk.
Barclays Bank PLC has announced the exercise of its issuer call option to fully redeem its iPath® S&P GSCI® Crude Oil Total Return Index ETNs (Ticker: OILNF) on January 25, 2023. The redemption will occur after obtaining consent for amendments to the ETNs’ indenture, allowing Barclays to redeem all outstanding ETNs. The valuation date for the redemption is set for January 18, 2023. Investors are advised to review the associated risks and procedures outlined in the ETNs’ prospectus before making investment decisions.
Barclays Bank PLC announced the results of its cash tender offer for its iPath® S&P GSCI® Crude Oil Total Return Index ETNs due August 14, 2036. The offer, which expired on January 3, 2023, saw 190,031 Notes accepted, representing 52.36% of the outstanding Notes, with an aggregate purchase price of $38,401,464.48. The consent solicitation for amending certain provisions of the Notes was successful, allowing the Issuer to redeem all outstanding Notes soon after the amendment. Settlement for accepted Notes will occur on January 5, 2023, with the purchase price at $202.08 per Note.
Barclays Bank PLC announced the purchase price of $202.08 per note for its cash tender offer to buy all iPath S&P GSCI Crude Oil Total Return Index ETNs due August 14, 2036. This purchase price reflects a 3% premium over the closing indicative note value of $196.19 as of January 3, 2023. The offer and consent solicitation will expire at 11:59 p.m. New York City time on January 3, 2023. Noteholders must validly tender their notes before this expiration to receive the purchase price. Barclays reserves the right to amend or withdraw the offer at any time.
Barclays has appointed 85 new Managing Directors in the Corporate and Investment Bank, effective January 1, 2023. This class is recognized for guiding clients through challenging economic environments while exemplifying the company's core values. Paul Compton, Global Head of the division, emphasized their leadership and accountability, noting their role will be pivotal in achieving Barclays' ambitious growth targets in the sector.
Barclays has appointed Jim Rossman as the new Global Head of Shareholder Advisory, based in New York. He previously led the Shareholder Advisory group at Lazard, which he founded in 2013, and has over 30 years of experience in investment banking and corporate law. Rossman specializes in advising on shareholder activism, corporate governance, and strategic investor relations. Gary Posternack, Global Co-Head of M&A at Barclays, highlighted Rossman's extensive knowledge and relationships, which are expected to add significant value to their clients amid changing investor dynamics.
Barclays Bank PLC announced the full redemption of multiple iPath® ETNs, including the Pacer iPath® Gold ETN (GBUG), iPath® Silver ETN (SBUG), and others, effective December 28, 2022. Holders on the Redemption Date will receive cash payments equal to the closing indicative value on designated Valuation Dates, with trading suspended on December 15 for iPath® S&P MLP ETN and December 21 for others. Investors are advised to understand potential risks associated with the ETNs as outlined in the prospectus.
Barclays Bank PLC has announced an extension of its cash tender offer for all iPath S&P GSCI Crude Oil Total Return Index ETNs. Originally set to expire on November 30, 2022, the new expiration date is January 3, 2023. Notably, the purchase price premium has been increased from 2% to 3% based on the closing indicative note value on January 3. As of the previous deadline, 98,990 Notes were tendered, representing 27.27% of outstanding Notes. Investors are warned that the purchase price may decline if the underlying index value drops.
Barclays Bank PLC has set the purchase price for its cash tender offer to acquire its iPath® S&P GSCI® Crude Oil Total Return Index ETNs due August 14, 2036, at $213.85 per Note. This price includes a 2% premium based on the indicative closing value of $209.65 as of November 30, 2022. The tender offer expires on November 30, 2022, unless extended. Noteholders must tender their Notes to receive the purchase price, and Barclays will announce its decisions regarding the tenders by December 1, 2022.
Barclays Bank PLC has initiated a cash tender offer to buy back its iPath S&P GSCI Crude Oil Total Return Index ETNs, maturing August 14, 2036. The offer began on October 28, 2022, and expires on November 30, 2022. The purchase price will be 102% of the Closing Indicative Note Value on the expiration date, indicating a 2% premium. Noteholders who validly tender their ETNs will consent to an amendment allowing Barclays to redeem all outstanding notes. The notes not tendered will remain active and subject to amended terms.
