Share Prices & Company Research

Market News

19 Mar 2021 | 08:27

Barclays starts share buyback of up to £700m

(Sharecast News) - Barclays announced the start of share buyback programme on Friday, to purchase up to a maximum of £700m of shares. The FTSE 100 banking group said the buyback would end no later than 4 August, adding that the purpose was to reduce its share capital , meaning shares repurchased would be cancelled.

"No repurchases will be made in the United States or in respect of the company's American Depositary Receipts," the board said in its statement.

"The maximum number of ordinary shares that may be repurchased under the buyback is 1,733,216,055, being the number of Ordinary Shares the company is authorised to repurchase under its 2020 authority."

At 0853 GMT, shares in Barclays were down 1.15% at 181.74p.
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
Continuing our Personal Service: View our Latest COVID-19 Update: 30th April 2021
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.