Barclays kickstarts suspended share buy-back programme
Reuters
Published May 24, 2022 02:24AM ET
Updated May 24, 2022 02:50AM ET
LONDON (Reuters) - Barclays (LON:BARC) has fired the starting gun on a 1 billion pound share buy-back programme aimed at reducing its share capital after refiling accounts with U.S. authorities on Monday.
The British lender was forced to resubmit its 20-F accounts after it discovered in March it had sold more than $15 billion of complex securities than it had permission to sell.
The buy-back, which was put on hold pending the new submission, will commence on Tuesday and end no later than September 30.
Barclays has instructed JP Morgan Securities to conduct the buy-back.
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Written By: Reuters
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