Monday, July 29, 2013

Reuters: Regulatory News: Barclays to issue 5 bln stg of new shares-source

Reuters: Regulatory News
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Barclays to issue 5 bln stg of new shares-source
Jul 29th 2013, 16:09

LONDON, July 29 | Mon Jul 29, 2013 12:09pm EDT

LONDON, July 29 (Reuters) - Barclays is planning to issue about 5 billion pounds of new shares to help plug a 7 billion pounds capital shortfall triggered by tough new UK rules, a source familiar with the matter told Reuters.

The source said the 5 billion pounds announcement could be made as soon as Tuesday when the bank reports its half year results.

Barclays declined to comment.

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