UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
April 2007
Barclays PLC and
Barclays Bank PLC
(Names of Registrants)
1 Churchill Place
London E14 5HP
England
(Address of Principal Executive Offices)
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
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No x
If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b):
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This Report is a joint Report on Form 6-K filed by Barclays PLC and Barclays
Bank PLC. All of the issued ordinary share capital of Barclays Bank PLC is
owned 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.
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EXHIBIT INDEX
Statement re Partial Sale - 04 April 2007
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, each of
the registrants has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
BARCLAYS PLC
(Registrant)
Date: April 04, 2007 By: /s/ Patrick Gonsalves
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Patrick Gonsalves
Deputy Secretary
BARCLAYS BANK PLC
(Registrant)
Date: April 04, 2007 By: /s/ Patrick Gonsalves
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Patrick Gonsalves
Joint Secretary
4th April 2007
BARCLAYS PLC
BARCLAYS PLC PARTIAL SALE OF MONUMENT BUSINESS TO
COMPUCREDIT CORPORATION
Barclays PLC ('Barclays') today announces the sale of part of the Monument
credit card portfolio ('the Sale Portfolio'). Barclays credit card and consumer
lending business, Barclaycard, has agreed to sell the Sale Portfolio and
associated servicing capabilities to CompuCredit International Acquisition
Corporation and CompuCredit UK Limited, which are both subsidiaries of
CompuCredit Corporation ('CompuCredit') for a consideration of approximately
GBP390 million payable in cash. The consideration is subject to final adjustment
following determination of the actual amount of the gross receivables sold. The
consideration is expected to be finalised during the second quarter of 2007.
The Sale Portfolio is being sold for a consideration which is broadly in line
with net book value and includes approximately GBP490 million of gross
receivables, including a tranche of accounts in collections. The Sale Portfolio
represents about 2% of Barclaycard's loans and advances to customers as at 31st
December 2006.
Barclaycard will retain a proportion of the Monument portfolio, representing
approximately GBP130 million of receivables, which are primarily higher quality
accounts and will integrate this with the main Barclaycard branded book.
- ENDS -
Contacts at Barclays:
Mark Merson/James S Johnson Alistair Smith
Investor Relations, Barclays PLC Public Relations, Barclays PLC
Tel: +44 (0) 207 116 5752/2927 Tel: + 44 (0) 207 116 6132
Ian Barber
Public Relations, Barclaycard
Tel: + 44 (0) 1604 25 1229
About Barclays
Barclays PLC is a major global financial services provider engaged in retail and
commercial banking, credit cards, investment banking, wealth management and
investment management services. We are one of the largest financial services
companies in the world by market capitalisation. Operating in over 50 countries
and employing 123,000 people, we move, lend, invest and protect money for over
27 million customers and clients worldwide. With over 300 years of history and
expertise in banking, Barclays PLC has six major businesses.
UK Banking delivers banking products and services to over 14 million retail
customers and 780,000 businesses in the UK.
Barclaycard is one of the leading credit card businesses in Europe, and has 9.8
million UK customers and 6.4 million international cards in issue.
Barclays International Retail and Commercial Banking operations have over 2
million international clients, in geographies which currently include France,
Spain, Portugal, Italy, India, Africa and the Middle East. Absa has an
additional 8.3 million retail customers in South Africa.
Barclays Capital, the investment banking division, provides corporate,
institutional and government clients with solutions to their financing and risk
management needs.
Barclays Global Investors is one of the world's largest asset managers and a
leading provider of investment management products and services. Total assets
under management at 31st December 2006 were US$1.8 trillion.
Barclays Wealth serves affluent, high net worth and intermediary clients
worldwide, providing private banking, asset management, stockbroking, offshore
banking, wealth structuring and financial planning services. At 31st December
2006, total client assets were GBP93 billion.
For further information about Barclays visit: www.barclays.com.
About CompuCredit
CompuCredit Corporation is a specialty finance company and marketer of branded
credit cards and related financial services. CompuCredit provides these services
to consumers who are underserved by traditional financial institutions. Through
corporate and affinity contributions focused on the underserved and un-banked
communities, CompuCredit also uses its financial resources and volunteer efforts
to address the numerous challenges affecting its customers. For more information
about CompuCredit, visit http://www.CompuCredit.com.
Forward looking statements
This announcement contains certain forward-looking statements within the meaning
of Section 21E of the US Securities Exchange Act of 1934, as amended, and
Section 27A of the US Securities Act of 1933, as amended, with respect to
certain of the Group's plans and its current goals and expectations relating to
its future financial condition and performance.
By their nature, forward-looking statements involve risk and uncertainty because
they relate to future events and circumstances, including, but not limited to,
UK domestic and global economic and business conditions, market related risks
such as changes in interest rates and exchange rates, the policies and actions
of governmental and regulatory authorities, changes in legislation and the
impact of competition- a number of which factors are beyond the Group's control.
As a result, the Group's actual future results may differ materially from the
plans, goals, and expectations set forth in the Group's forward-looking
statements. Any forward-looking statements made by or on behalf of Barclays
speak only as of the date they are made. Barclays does not undertake to update
forward-looking statements to reflect any changes in Barclays expectations with
regard thereto or any changes in events, conditions or circumstances on which
any such statement is based. The reader should, however, consult any additional
disclosures that Barclays has made or may make in documents it has filed or may
file with the SEC.