About 500,000 small shareholders in Barclays are set to receive a cheque for about £165 each if they chose not to buy more shares in its rights issue.
Small shareholders hold on average 200 shares each in the bank, with most having joined the register as a result of Barclays’ acquisition of Woolwich, the former building society, in 2000.
Barclays will send out the cheques, which reflect the difference between the 185p rights price and the 268p level at which remaining shares were sold yesterday, in the week starting on October 14.
Anyone in line for an amount judged to be negligible will see their allocations donated to Unicef, with the children’s charity expected to collect tens of thousands of pounds.
Small shareholders who did