0001654954-23-012821.txt : 20231012 0001654954-23-012821.hdr.sgml : 20231012 20231012084410 ACCESSION NUMBER: 0001654954-23-012821 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20231012 FILED AS OF DATE: 20231012 DATE AS OF CHANGE: 20231012 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BARCLAYS PLC CENTRAL INDEX KEY: 0000312069 STANDARD INDUSTRIAL CLASSIFICATION: COMMERCIAL BANKS, NEC [6029] IRS NUMBER: 000000000 STATE OF INCORPORATION: X0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09246 FILM NUMBER: 231321789 BUSINESS ADDRESS: STREET 1: 1 CHURCHILL PLACE STREET 2: CANARY WHARF CITY: LONDON STATE: X0 ZIP: E14 5HP BUSINESS PHONE: 00442031340952 MAIL ADDRESS: STREET 1: 1 CHURCHILL PLACE STREET 2: CANARY WHARF CITY: LONDON STATE: X0 ZIP: E14 5HP FORMER COMPANY: FORMER CONFORMED NAME: BARCLAYS BANK PLC DATE OF NAME CHANGE: 19850313 FORMER COMPANY: FORMER CONFORMED NAME: BARCLAYS BANK LTD DATE OF NAME CHANGE: 19820607 6-K 1 a9213p.htm DECISION NOTICE ISSUED BY RDC REGARDING FORMER CEO a9213p

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
 
FORM 6-K
 
 
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
 
October 12, 2023
 
Barclays PLC
(Name of Registrant)
 
1 Churchill Place
London E14 5HP
England
(Address of Principal Executive Office)
 
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.
 
Form 20-F x Form 40-F
 
This Report on Form 6-K is filed by Barclays PLC.
 
This Report comprises:
 
Information given to The London Stock Exchange and furnished pursuant to
General Instruction B to the General Instructions to Form 6-K.
 
 
EXHIBIT INDEX
 
 
 



 
 
 
SIGNATURES
 
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 
 
BARCLAYS PLC
 
(Registrant)
 
 
 
Date: October 12, 2023
 
 
 
By: /s/ Garth Wright
--------------------------------
 
Garth Wright
 
Assistant Secretary


 
 
Exhibit No. 1
 
12 October 2023
 
Barclays PLC
and
Barclays Bank PLC
(together "Barclays")
 
Findings of the Regulatory Decisions Committee
 
 
The Financial Conduct Authority (the "FCA") has today published a Decision Notice issued by the Regulatory Decisions Committee ("RDC") relating to Barclays' former CEO, Jes Staley.
 
The Decision Notice finds that Mr Staley acted recklessly in approving a letter dated 8 October 2019 from Barclays to the FCA regarding his relationship with Jeffrey Epstein (which the RDC concluded was misleading) and, by doing so, that he breached Individual Conduct Rule 1 (acting with integrity), Individual Conduct Rule 3 (being open and cooperative with regulators) and Senior Management Conduct Rule 4 (disclosing appropriately information of which the FCA or PRA would reasonably expect notice).
 
Mr Staley has decided to refer the Decision Notice to the Upper Tribunal for reconsideration.
 
 
Remuneration decisions in respect of Jes Staley
 
As previously disclosed, the Remuneration Committee of the Board of Barclays PLC (the "Remuneration Committee") exercised its discretion to suspend all of Mr Staley's deferred bonus and LTIP awards pending further developments in respect of the regulatory and legal proceedings related to the FCA and PRA investigation regarding Mr Staley.
 
Following consideration of the detailed findings in the Decision Notice and the information referred to in it, the Remuneration Committee has concluded that Mr Staley should be ineligible for or forfeit a number of awards, as follows:
 
●
his bonus award in respect of the 2021 performance year.
 
●
his unvested LTIP awards that were still subject to performance conditions, with a face value of £14.3m, and other unvested LTIP awards for which the performance conditions had already been assessed, with a face value of £1.4m.
 
●
his other unvested deferred bonus awards from earlier years. These awards had a face value of £2.1m, which was reduced to zero through the application of 'malus'.
 
The total value of the lapsed LTIP awards and forfeited deferred compensation awards was £17.8m.
 
 
Notes:
 
1.
Barclays was not the subject of the FCA's investigation or the proceedings before the RDC and there are no findings made against it or any of its directors or employees in the Decision Notice. Barclays cooperated fully with the regulatory investigation.
2.
All values are based on the mid-market closing share price on 10 October 2023.
 
 
 
 
- ENDS -
 
For further information, please contact:
 
Investor Relations                 Media Relations
 
Marina Shchukina                 Jon Tracey
 
+44 (0) 20 7116 2526            +44 (0) 20 7116 4755
 
 
 
About Barclays
 
Barclays is a British universal bank.  We are diversified by business, by different types of customer and client, and geography.  Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.  For further information about Barclays, please visit our website home.barclays.