Barclays PLC
17 June 2002
17 June 2002
Notification of directors' interests: Companies Act 1985 s.329
1. The trustee of the Barclays Qualifying Employee Share Ownership Trust
(the 'Quest') notified the Company on 14 June 2002 that it subscribed for a
total of 154,331 Barclays PLC ordinary shares on 14 June 2002 at a price of 543p
per share. Following this transaction, the trustee of the Quest held a total of
154,331 Barclays PLC ordinary shares in which the following directors of
Barclays PLC had an interest as potential beneficiaries: Sir Peter Middleton, Mr
M W Barrett, Mr C J Lendrum, Mr J M Stewart and Mr J S Varley. (The Quest is a
trust which distributes shares to employees of the Barclays Group on the
exercise of options granted under the Barclays PLC 1991 SAYE Share Option
Scheme, the Barclays Group SAYE Share Option Scheme and the Woolwich plc
Sharesave Scheme (the 'Schemes')).
The trustee of the Quest also notified the Company on14 June 2002 that it had
transferred 154,331 Barclays PLC ordinary shares on 14 June 2002 to participants
in the Schemes following the exercise of their options. Following this
transaction, each of the directors listed above ceased to have an interest in
such shares.
2. The independent trustee of the Barclays Group (ESAS) Employees' Benefit
Trust (the 'ESAS trust') notified the Company on 17 June 2002 that it had on 12
June 2002 exercised its discretion and released 6,516 ordinary shares in
Barclays PLC at a price of 574p to a participant in the Executive Share Award
Scheme ('ESAS'). The participant to whom shares were released is not a director
of Barclays PLC.
The independent trustee of the ESAS trust also notified the Company on 17 June
2002 that it had on 13 June 2002 exercised its discretion and purchased 24,013
ordinary shares in Barclays PLC at a price of 565p per share. None of the
shares purchased were in respect of an award made to a director of Barclays PLC.
Following these transactions, the trustees of all the Barclays Group employees'
benefit trusts hold a total of 58,428,075 ordinary shares in Barclays PLC. Sir
Peter Middleton, Mr M W Barrett, Sir Andrew Large, Mr C J Lendrum, Mr J M
Stewart and Mr J S Varley, directors of Barclays PLC, are amongst the potential
beneficiaries under these trusts and are therefore regarded for Companies Act
purposes as being interested in the Barclays PLC ordinary shares.
This information is provided by RNS
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