LONDON, Sept 4 (Reuters) - British bank Barclays said investors need to be on its share register by Sept. 13 toqualify for the launch of its 5.8 billion pound ($9 billion)rights issue.
The bank said on Wednesday the entitlement to take part inthe issue will be the close of business on Sept. 13. The bankwill publish a prospectus for the share issue after that time.
The issue is the biggest by a British bank since 2009. Thebank is raising the money after Britain's financial regulatorsaid it needed an extra 12.8 billion pounds to cushion itagainst potential market shocks.
The rights issue will offer existing shareholders one newshare at 185 pence for every four they currently own, a 40percent discount to Barclays' share price on the day before itwas announced.
Barclays expects the new shares to start trading on Oct. 3.
Shares in the bank were down 0.3 percent at 284.2 pence by0820 GMT, in line with a slightly weaker European bank index.