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WASHINGTON, Oct. 1, 2025 /PRNewswire/ -- The following statement is being issued regarding the Barclays Fair Fund.
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UNITED STATES SECURITIES AND In the Matter of
Barclays PLC and Barclays Bank PLC,
Respondents. |
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ADMINISTRATIVE PROCEEDING |
Barclays Fair Fund
SUMMARY DISTRIBUTION PLAN NOTICE
The United States Securities and Exchange Commission authorized this Notice.
This is not a solicitation from a lawyer.
Who is Eligible to Participate in the Fair Fund?
If you purchased or otherwise acquired Barclays American Depository Receipts ("ADRs") traded on the New York Stock Exchange under the symbol BCS and/or Barclays ordinary shares traded on the London Stock Exchange under the symbol BARC between June 26, 2019, and March 27, 2022, both dates inclusive (the "Relevant Period"), you may be entitled to receive a Distribution Payment from the Barclays Fair Fund, created in the captioned proceedings (the "Fair Fund"), subject to other provisions of the Plan.
The administration of the Fair Fund is governed by the Plan of Distribution (the "Plan") approved by the Commission on August 1, 2025. A copy of the Plan, which contains a description of eligibility and other conditions of participation, is available at BarclaysFairFund.com.
Determination of Recognized Claims
The amount of compensation shall be determined in accordance with the Plan of Allocation. Each Eligible Claimant's Recognized Loss is determined by the calculations outlined in the Plan of Allocation. The Fair Fund will be allocated to harmed investors in two stages: first to investors who suffered Recognized Losses on Barclays ADRs, and then, from any remaining funds to investors who suffered Recognized Losses on Barclays ordinary shares.
Further, if the Net Available Fair Fund is less than the sum of the Recognized Losses of all Eligible Claimants, each Eligible Claimant's distribution amount will equal his, her or its "Pro Rata Percentage" of the Net Available Fair Fund. If an Eligible Claimant's Pro Rata Percentage is less than the Minimum Distribution Amount of $25 for either Security, that Eligible Claimant will be deemed ineligible to receive a Distribution Payment for that Security. Further, an Eligible Claimant's distribution amount will be no larger than his, her, or its Recognized Loss minus the amount of any compensation for the loss that resulted from the conduct described in the Order that was received from another source (e.g., class action settlement), to the extent known by the Fund Administrator ("Prior Recovery"), plus any Reasonable Interest awarded. That is, the distribution amount will be capped at the Recognized Loss less the Prior Recovery, plus any Reasonable Interest awarded.
How to Participate
If you believe you are potentially an Eligible Claimant and would like to participate, you must file your Proof of Claim Form via the online claim filing portal available at BarclaysFairFund.com on or before the Claims Bar Date referenced below. A paper Proof of Claim Form will be made available upon request. When submitting a claim, you must also include acceptable supporting documentation to confirm your transactions in the Securities.
Claim Filing Deadline : November 29, 2025
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United States: 1-888-663-7195 |
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Barclays Fair Fund
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This Notice provides only summary information regarding the Barclays Fair Fund. We strongly recommend that you consult the documentation found on BarclaysFairFund.com in its entirety.
View original content:https://www.prnewswire.co.uk/news-releases/investors-in-barclays-adrs-and-barclays-ordinary-shares-may-be-entitled-to-payment-from-an-sec-fair-fund-302564850.html
TORONTO, Feb. 7, 2025 /CNW/ - Berger Montague (Canada) PC, a Toronto-based law firm that focuses on representing investors in cross-border and transatlantic shareholder disputes, reminds investors that the pending shareholder class action against Barclays PLC ("BCS") is limited to investors that purchased Barclays' securities purchased in the United States of America.
Canadians that purchased Barclays PLC's securities between February 18, 2021 and February 14, 2023, on the London Stock Exchange (LSE: "BARC") or within an ETF or Mutual Fund listed on the Toronto Stock Exchange will be excluded from the recently announced USD $19.5 million settlement.
On March 28, 2022, Barclays published news to the markets that it made a material error with its securities relating to a 2019 offering. On May 23, 2022, Barclays acknowledged that it would restate its 2021 annual reports and it had material weaknesses in its Internal Controls over Financial Reporting. On September 15, 2022, Barclays disclosed that it paid over $7 billion dollars to initial investors. Weeks later, the U.S. Securities and Exchange Commission related news that it was taking action against Barclays and that Barclays has admitted to wrong-doing with a payment of a $200 million penalty. Finally, on February 15, 2023, Barclays reported its full 2022 financials and the total cost of prior error as being so bad that it was clawing back compensation paid to certain executives. The value of Barclays' securities dropped 8.5%.
If you are a Canadian based investor please contact us at Canadainfo@bm.net.
Berger Montague (Canada) is a leading Toronto, Ontario based law firm that represents investors in cross-border and transatlantic shareholder disputes. We regularly represent investors across Canada, Europe, and the United Kingdom.
SOURCE Berger Montague (Canada) PC