Amended Statement of Beneficial Ownership (sc 13d/a)
March 22 2021 - 1:16PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of
1934
(Amendment No. 7)
NatWest
Group plc
(Name of Issuer)
Ordinary Shares
(Title of Class of Securities)
G76891111
(CUSIP Number)
Peter King
1 Horse Guards Road
London
SW1A 2HQ
(+44) 20 7270 5666
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
March 19, 2021
(Date of Event Which Requires Filing of
this Statement)
HM Treasury;
UK Government Investments Ltd
Names of Reporting Persons
If
the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this
Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following
box ¨ .
* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject
class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
Explanatory note : In lieu of providing the
information called for by Schedule 13D, Her Majesty's Treasury is furnishing a copy of “TR-1: Notification of Major Interest
in Shares”, which is the standard form for any notification required to be delivered under the UK Disclosure Rules and Transparency
Rules to an issuer whose shares are listed on a relevant European Economic Area market (and to the UK Financial Services Authority)
following the acquisition or disposal of certain interests in the shares or voting rights in such issuer. The UK Disclosure Rules
and Transparency Rules implement the European Transparency Directive (EU Directive 2004/109/EC). This modified Schedule 13D is
filed pursuant to no-action relief granted by the Staff of the Securities and Exchange Commission in a no-action letter dated December
10, 2008.
TR-1:
Standard form for notification of major holdings
|
NOTIFICATION
OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i
|
1a.
Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:
|
NatWest
Group plc
|
1b.
Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
|
Non-UK
issuer
|
2.
Reason for the notification (please
mark the appropriate box or boxes with an "X")
|
An
acquisition or disposal of voting rights
|
X
|
An
acquisition or disposal of financial instruments
|
|
An
event changing the breakdown of voting rights
|
|
Other
(please specify)iii:
|
|
3.
Details of person subject to the notification obligationiv
|
Name
|
The
Commissioners of Her Majesty’s Treasury
|
City
and country of registered office (if applicable)
|
London,
England
|
4.
Full name of shareholder(s) (if different from 3.)v
|
Name
|
The
Solicitor for the Affairs of Her Majesty’s Treasury
|
City
and country of registered office (if applicable)
|
London,
England
|
5.
Date on which the threshold was crossed or reachedvi:
|
19
March 2021
|
6.
Date on which issuer notified (DD/MM/YYYY):
|
19
March 2021
|
7. Total positions of person(s) subject to the notification obligation
|
|
|
|
|
|
%
of voting rights
attached to shares
(total of 8. A)
|
%
of voting rights through financial
instruments
(total of 8.B 1 + 8.B 2)
|
Total
of both in %
(8.A + 8.B)
|
Total
number of
voting rights of
issuervii
|
Resulting
situation on the date on which threshold was crossed or reached
|
56.86%
|
|
56.86%
|
48,669,863,008
|
Position
of previous notification (if applicable)
|
61.93%
|
|
61.93%
|
|
8.
Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
|
A:
Voting rights attached to shares
|
Class/type
of
shares
ISIN
code (if
possible)
|
Number
of voting rightsix
|
%
of voting rights
|
Direct
|
Indirect
|
Direct
|
Indirect
|
(Art
9 of Directive
|
(Art
10 of Directive 2004/109/EC)
|
(Art
9 of Directive
|
(Art
10 of Directive
|
2004/109/EC)
(DTR5.1)
|
(DTR5.2.1)
|
2004/109/EC)
(DTR5.1)
|
2004/109/EC)
|
|
|
|
|
(DTR5.2.1)
|
Ordinary
Shares
of £1 each
GB00B7T77214
|
27,675,012,776
|
|
56.86%.
|
|
|
|
|
|
|
|
|
|
|
|
SUBTOTAL
8. A
|
27,675,012,776
|
56.86%
|
|
|
|
|
|
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
|
|
Type
of financial
instrument
|
Expiration
datex
|
Exercise/
Conversion Periodxi
|
Number
of voting rights that
may be acquired if the
instrument is
exercised/ converted.
|
%
of voting rights
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SUBTOTAL
8.B 1
|
|
|
B
2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
|
Type
of financial
instrument
|
Expiration
datex
|
Exercise/
Conversion Period xi
|
Physical
or cash
settlementxii
|
Number of
voting rights
|
%
of voting rights
|
%
of voting rights
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SUBTOTAL
8.B.2
|
|
|
|
9.
Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
|
Person
subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other
undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii
|
|
Full
chain of controlled undertakings through which the voting rights and/or the financial instruments
are effectively held starting with the ultimate controlling natural person or legal entityxiv
(please add additional rows as necessary)
|
|
Namexv
|
%
of voting rights if it
equals or is higher
than the notifiable
threshold
|
%
of voting rights
through financial
instruments if it equals
or is higher than the
notifiable threshold
|
Total
of both if it equals or is
higher than the notifiable
threshold
|
UK
Government Investments Limited, a company wholly-owned by Her Majesty's Treasury, is entitled to exercise control over the
voting rights which are the subject of this notification (pursuant to certain management arrangements agreed with Her Majesty's
Treasury).
|
|
The
Solicitor for the Affairs of Her Majesty's Treasury is acting as nominee for Her Majesty's Treasury.
|
The
Commissioners of Her Majesty's Treasury
|
56.86%
|
|
56.86%
|
|
|
|
|
|
|
|
|
|
|
|
|
10.
In case of proxy voting, please identify:
|
Name
of the proxy holder
|
|
The
number and % of voting rights held
|
|
The
date until which the voting rights will be held
|
|
11.
Additional informationxvi
|
The
Solicitor for the Affairs of Her Majesty's Treasury is acting as nominee for Her Majesty's
Treasury.
The
percentage of voting rights held, as shown on this form (56.86%), represents voting rights
held in NatWest Group plc (NWG) prior to the settlement of its off-market purchase of
590,730,325 ordinary shares of £1 each ("Ordinary Shares") from Her
Majesty's Treasury on 19 March 2021. Settlement is due to take place on 23 March 2021
and NWG has confirmed it intends to cancel 390,730,325 of the purchased Ordinary Shares
and hold the remaining 200,000,000 Ordinary Shares in treasury.
|
Place
of completion
|
London,
England
|
Date
of completion
|
19
March 2021
|
Legal
Entity Identifier: 2138005O9XJIJN4JPN90
SIGNATURE
After reasonable inquiry and to the
best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: March 22, 2021
|
Her Majesty’s
Treasury, a department of Her Majesty’s Government of the United Kingdom of Great Britain and Northern Ireland
|
|
|
|
By:
|
/s/
Jonathan Edwards
|
|
|
Name:
|
Jonathan
Edwards
|
|
|
Title:
|
Deputy Director, Banking Assets and Resolution Strategy
|
|
|
|
UK Government
Investments Ltd
|
|
|
|
By:
|
/s/
Robert Razzell
|
|
|
Name:
|
Robert Razzell
|
|
|
Title:
|
Chief Financial Officer, UKGI
|
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