FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the
month of November 2020
Commission
File Number: 001-10306
NatWest
Group plc
RBS,
Gogarburn, PO Box 1000
Edinburgh
EH12 1HQ
(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 if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule
101(b)(1):_________
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule
101(b)(7):_________
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): 82-
________
The following information was issued as Company announcements
in London, England and is furnished pursuant to General Instruction
B to the General Instructions to Form
6-K:
Exhibit
No. 1
|
Director/PDMR
Shareholding dated 02 November 2020
|
Exhibit
No. 2
|
Director/PDMR
Shareholding dated 05 November 2020
|
Exhibit
No. 3
|
Publication
of Supplementary Prospectus dated 12 November 2020
|
Exhibit
No. 4
|
Director/PDMR
Shareholding dated 12 November 2020
|
Exhibit
No. 5
|
Proposed
transfer of Ulster Bank Limited business dated 12 November
2020
|
Exhibit
No. 6
|
Director/PDMR
Shareholding dated 18 November 2020
|
Exhibit
No. 7
|
Publication
of a Prospectus dated 27 November 2020
|
Exhibit
No. 8
|
Total
Voting Rights dated 30 November 2020
|
Exhibit
No. 1
02 November 2020
NatWest Group plc
INITIAL NOTIFICATION OF TRANSACTION OF PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY (PDMRs) IN ACCORDANCE WITH ARTICLE
19 OF THE EU MARKET ABUSE REGULATION 596/2014
1.
NatWest Group plc (the Company) was notified on 29 October 2020
that the trustee of the Company's Buy As You Earn Share Plan (the
Plan) purchased ordinary shares of £1 each in the Company
(Shares) (ISIN: GB00B7T77214) on 28 October 2020 on behalf of the
PDMR named below as a participant in the Plan.
PDMR
|
Position of PDMR
|
No. of Shares purchased
|
Purchase price
|
Katie Murray
|
Chief Financial Officer, NatWest Group plc
|
127
|
£1.17572
|
The transactions took place on the London Stock Exchange
(XLON).
Legal Entity Identifier: 2138005O9XJIJN4JPN90
For further information contact:-
NatWest Group Investor Relations
Alexander Holcroft
Head of Investor Relations
+44 20 7672 1758
NatWest Group Media Relations
+44(0)131 523 4205
Exhibit No.
2
05 November 2020
NatWest Group plc
INITIAL NOTIFICATION OF TRANSACTION OF PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY (PDMRs) IN ACCORDANCE WITH ARTICLE
19 OF THE EU MARKET ABUSE REGULATION 596/2014
NatWest Group plc (the Company) announces that the PDMR set out
below has sold ordinary shares of £1 each in the Company
(Shares) (ISIN: GB00B7T77214) on the date and at the price
indicated:-
PDMR
|
Position of PDMR
|
No. of Shares sold
|
Sale price
|
Date of transaction
|
Helen Cook
|
Chief HR Officer, NatWest Group plc
|
28,914
|
£1.2845
|
3 November 2020
|
The transaction took place on the London Stock Exchange
(XLON).
Legal Entity Identifier: 2138005O9XJIJN4JPN90
For further information contact:-
NatWest Group Investor Relations
Alexander Holcroft
Head of Investor Relations
+44 20 7672 1758
NatWest Group Media Relations
+44(0)131 523 4205
Exhibit No.
3
NatWest Group plc
Publication of Supplementary Prospectus
The following supplementary prospectus has been approved by the
Financial Conduct Authority and is available for
viewing:
Supplementary Prospectus to the NatWest Group plc (formerly known
as The Royal Bank of Scotland Group plc) £40,000,000,000 Euro
Medium Term Note Programme, dated 11 November 2020.
To view the full document, please paste the following URL into the
address bar of your browser:
http://www.rns-pdf.londonstockexchange.com/rns/1750F_1-2020-11-12.pdf
A copy of the above Supplementary Prospectus has been submitted to
the National Storage Mechanism and will shortly be available for
inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
For further information, please contact:
Scott Forrest
Head of NatWest Treasury DCM
Tel: +44 (0) 7747 455 969
DISCLAIMER - INTENDED ADDRESSEES
Please note that the information contained in the Supplementary
Prospectus (and the Prospectus to which it relates) may be
addressed to and/or targeted at persons who are residents of
particular countries (specified in the Prospectus) only and is not
intended for use and should not be relied upon by any person
outside these countries and/or to whom the offer contained in the
Prospectus and the Supplementary Prospectus is not addressed. Prior
to relying on the information contained in the Prospectus and the
Supplementary Prospectus you must ascertain from the Prospectus
whether or not you are part of the intended addressees of the
information contained therein.
Your right to access this service is conditional upon complying
with the above requirement.
Legal Entity Identifier
|
|
NatWest Group plc
|
2138005O9XJIJN4JPN90
|
Exhibit
No. 4
12 November 2020
NatWest Group plc
INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY (PDMRs) IN ACCORDANCE WITH ARTICLE
19 OF THE EU MARKET ABUSE REGULATION 596/2014
1.
NatWest Group plc (the Company) announces that ordinary shares of
£1 each in the Company (Shares) (ISIN: GB00B7T77214) were
delivered to PDMRs on 10 November 2020, under the NatWest
Group 2014 Employee Share Plan (the Plan) as set out
below.
Unless
otherwise stated, the Shares delivered represent payment of a fixed
share allowance (FSA) for the three month period ending 31 December
2020 and have been calculated using a Share price of
£1.2499.
The
number of Shares delivered, the number of Shares withheld to
meet associated tax liabilities and the number of Shares
retained by each PDMR is as follows:-
Name of PDMR
|
Position of PDMR
|
No. of Shares delivered
|
No. of Shares withheld to satisfy associated tax
liability
|
No. of Shares retained
|
Robert Begbie
|
CEO, NatWest Markets
|
65,006
|
31,250
|
33,756
|
Helen Cook
|
Chief HR Officer
|
24,502
|
11,534
|
12,968
|
Bruce Fletcher
|
Chief Risk Officer, NatWest Group
|
60,005
|
28,245
|
31,760
|
Peter Flavel
|
CEO, Wealth Businesses
|
45,032
|
21,197
|
23,835
|
David Lindberg1
|
CEO, Retail Banking
|
75,841
|
35,700
|
40,141
|
Andrew McLaughlin2
|
CEO, RBS International
|
30,003
|
-
|
30,003
|
Simon McNamara
|
Chief Administrative Officer
|
65,006
|
31,250
|
33,756
|
Katie Murray
|
Chief Financial Officer
|
150,013
|
70,613
|
79,400
|
Alison Rose3
|
Chief Executive Officer
|
220,018
|
103,564
|
116,454
|
John Paul Thwaite
|
CEO, Commercial Banking
|
45,004
|
21,184
|
23,820
|
Jen Tippin4
|
Chief Transformation Officer
|
125,725
|
59,180
|
66,545
|
1. David Lindberg received a FSA for the period 16 September to 31
December 2020.
2. The FSA was delivered when Andrew McLaughlin was resident in
Jersey and therefore is taxable in Jersey only and not in the UK.
No employer tax withholding is required under Jersey law. The
Jersey income tax payable in respect of the vesting of the award
will be paid by the PDMR directly to the Jersey tax
authority.
3. Alison Rose has waived her entitlement to 25% of her total
fixed pay for the period 9 April 2020 to 31 December 2020 and this
is being effected through a reduction in the number of Shares she
receives by way of FSA.
4. Jen Tippin received a FSA for the period 14 August to 31
December 2020.
|
The
market price used to determine the number of Shares withheld
to meet associated tax liabilities was £1.4019.
Shares retained after payment of associated tax liabilities
will be held on behalf of PDMRs in the Computershare Retained Share
Nominee account and will be released in instalments over a three
year period.
2.
The Company also announces that on 10 November 2020, conditional
Buy-out awards (Awards) were granted under the Plan to the PDMRs
set out below in order to replace awards forfeited by such
individuals on leaving their previous employer.
Name of PDMR
|
Position of PDMR
|
Award price
|
No. of Shares granted
|
David Lindberg
|
CEO, Retail Banking
|
1.02841
|
1,085,9572
|
129,830
|
Jen Tippin
|
Chief Transformation Officer
|
1.15633
|
1,133,682
|
1.37754
|
28,119
|
1. The
Award price has been calculated using a 5 day average Share price
taken immediately prior to the PDMR joining the Group.
2. The
vesting level will mirror the final performance outcome applicable
to the PDMR's original Westpac awards, as disclosed in the future
annual report and accounts of Westpac, subject to a maximum of
1,085,957 Shares.
3. The
Award price has been calculated using a 5 day average Share price
taken immediately prior to the PDMR joining the Group.
4. The
Award price has been calculated using the closing Share price on 9
November 2020 and was granted in respect of a forfeited cash
award.
|
Mr
Lindberg's Awards are eligible to vest between 2020 and 2023 and Ms
Tippin's Awards are eligible to vest between 2020 and 2027. The
Awards are subject to malus and clawback provisions, where
applicable.
3.
The Company announces that on 10 November 2020, buy-outs over
Shares vested to the PDMR set out below. The number of
Shares withheld to meet associated tax liabilities arising on
vesting and the number of vested Shares retained by the PDMR
is set out below:-
Name of PDMR
|
Position of PDMR
|
Award
|
No. of Shares vested
|
No. of Shares withheld to satisfy associated tax
liability
|
No. of vested Shares retained
|
Jen Tippin
|
Chief Transformation Officer
|
Buy-out
|
213,612
|
100,550
|
113,062
|
Buy-out
|
28,119
|
13,236
|
14,883
|
The
market price used to determine the number of Shares withheld to
meet associated tax liabilities was
£1.4019.
Vested Shares
retained after payment of associated tax liabilities will, where
applicable, be subject to retention periods which mirror the
retention periods applicable to the PDMR's original Lloyds Banking
Group awards.
The above transactions took place on the London Stock Exchange
(XLON).
Legal Entity
Identifier: 2138005O9XJIJN4JPN90
For further information contact:-
NatWest Group Investor Relations
Alexander Holcroft
Head of Investor Relations
+44(0)20 7672 1758
NatWest Group Media Relations
+44(0)131 523 4205
Exhibit
No. 5
NatWest Group plc
12 November 2020
Introduction
NatWest Group plc ("NatWest Group") proposes to simplify the way it
conducts business in Northern Ireland by transferring the major
part of the banking business of Ulster Bank Limited ("Ulster Bank")
a legal entity incorporated and operating in Northern Ireland to
National Westminster Bank Plc ("NatWest Bank").[1] This
proposed transfer will help to simplify the governance processes of
NatWest Group and reduce associated costs which supports NatWest
Group's overall objectives.
The Scheme
Ulster Bank intends to effect a banking business transfer by using
a legal scheme called a Business Banking Transfer Scheme under Part
VII of the Financial Services and Markets Act 2000 ("FSMA").
Accordingly, an application was issued under section 107 of FSMA in
the High Court of Justice in Northern Ireland Queen's Bench
Division (Commercial List) ("Court") by Ulster Bank and NatWest
Bank on 20 October 2020 for Orders:
1.
under section 111 of FSMA sanctioning a scheme ("Scheme") providing
for the transfer to NatWest Bank of Ulster Bank's retail and
premier banking division, and the business of the commercial,
corporate and business banking division ("Transferring Business");
and
2.
making ancillary provision in connection with the Scheme pursuant
to sections 112 and 112A of FSMA.
A first hearing was held at the Court on 12 November 2020 and a
hearing for the approval of the Scheme is expected to be held on 25
March 2021. If the Scheme is approved at that hearing, the Scheme
is expected to take effect on 3 May 2021. Implementation of
the Scheme is subject, amongst other matters, to Court and
regulatory approvals. Unless the context requires otherwise,
capitalised terms used in this announcement are defined in the
Scheme.
Further information on the Scheme
A copy of the Scheme document and a guide containing a statement
setting out the terms of the Scheme may be obtained free of charge
by using the relevant details set out below. The Scheme document,
the guide and other related documents including sample copies of
the communications to account holders are also available at the
websites below. These websites will be updated with any key changes
in respect of the proposed transfer.
Any questions or concerns relating to the proposed transfer should
be referred to the following telephone numbers or addresses (as
appropriate):
Ulster
Bank Transfer BBTS
Ulster
Bank Limited
11-16
Donegall Square East
Belfast
BT1
5UB
|
National Westminster Bank250 Bishopsgate, LondonEnglandEC2M
4AA
|
Telephone
No:
03457
424365 (Retail customers)
0345
366 5592 (Commercial customers)
|
|
Website:www.ulsterbank.co.uk/transferscheme
|
Website:www.natwest.com
|
Making your views known
Any
person (including any account holder or employee of Ulster Bank or
NatWest Bank) who thinks that he or she would be adversely affected
by the carrying out of the Scheme has a right to attend the hearing
and express their views, either in person or by legal
representative. It would assist the process if anyone intending to
do so could inform Ulster Bank or NatWest Bank, in writing at the
relevant address above, or Pinsent Masons LLP (the solicitors
acting for Ulster Bank and NatWest Bank), in writing at the address
below prior to 12 March 2021.
Any person who alleges that they would be adversely affected by the
Scheme but does not intend to attend the hearing may make
representations about the Scheme in writing to Ulster Bank or
NatWest Bank at the relevant address above or in writing to Pinsent
Masons LLP at the address below, setting out their reasons why they
believe they would be adversely affected. It would assist the
process if any such responses are received by Ulster Bank, NatWest
Bank or Pinsent Masons LLP prior to 12 March 2021.
Pinsent
Masons Belfast LLP
Soloist
Building
1
Lanyon Place
Belfast
BT1
3LP
Ref:
62155.07169/HA06/MB60
Solicitors acting for Ulster Bank and NatWest Bank
If there are, at the time of the hearing, restrictions in the
United Kingdom on gatherings and movement of people and any person
who would otherwise wish to attend the hearing and express their
views (whether in person or by legal representative) is unable to
do so as a result, where reasonably practicable and to the extent
permitted by the High Court, it is intended that arrangements will
be put in place in order to permit such persons to participate in
the hearing remotely.
For Further Information contact:
NatWest Group Investor Relations
Alexander Holcroft
Head of Investor Relations
+44 20 7672 1758
NatWest Group Media Relations
+44(0)131 523 4205
Forward Looking Statements
This announcement contains forward-looking statements within the
meaning of the United States Private Securities Litigation Reform
Act of 1995, such as statements that include, without limitation,
the words 'expect', 'estimate', 'project', 'anticipate', 'commit',
'believe', 'should', 'intend', 'plan', 'could', 'probability',
'risk', 'Value-at-Risk (VaR)', 'target', 'goal', 'objective',
'may', 'endeavour', 'outlook', 'optimistic', 'prospects' and
similar expressions or variations on these expressions. These
statements concern or may affect future matters, such as the future
economic results, business plans and strategies of NatWest Group
plc ("NatWest Group"). In particular, this document may include
forward-looking statements relating to NatWest Group in respect of,
but not limited to: its regulatory capital position and related
requirements, its financial position, profitability and financial
performance (including financial, capital and operational targets),
its access to adequate sources of liquidity and funding, increasing
competition from new incumbents and disruptive technologies, its
exposure to third party risks, its ongoing compliance with the UK
ring-fencing regime and ensuring operational continuity in
resolution, its impairment losses and credit exposures under
certain specified scenarios, substantial regulation and oversight,
ongoing legal, regulatory and governmental actions and
investigations, the transition of LIBOR and IBOR rates to
alternative risk free rates and NatWest Group's exposure to
economic and political risks (including with respect to terms
surrounding Brexit and climate change), operational risk, conduct
risk, cyber and IT risk, key person risk and credit rating risk.
Forward-looking statements are subject to a number of risks and
uncertainties that might cause actual results and performance to
differ materially from any expected future results or performance
expressed or implied by the forward-looking statements. Factors
that could cause or contribute to differences in current
expectations include, but are not limited to, the final number of
PPI claims and their amounts, the level and extent of future
impairments and write-downs (including with respect to goodwill),
legislative, political, fiscal and regulatory developments,
accounting standards, competitive conditions, technological
developments, interest and exchange rate fluctuations, general
economic and political conditions and the uncertainty surrounding
the Covid-19 pandemic and its impact on NatWest Group. These and
other factors, risks and uncertainties that may impact any
forward-looking statement or NatWest Group plc's actual results are
discussed in the 2019 Annual Report and Accounts of NatWest Group
(formerly The Royal Bank of Scotland Group plc), NatWest Group
plc's Interim Results for Q1 2020 and NatWest Group plc's Interim
Results for H1 2020 and materials filed with, or furnished to, the
US Securities and Exchange Commission, including, but not limited
to, NatWest Group's most recent Annual Report on Form 20-F and
Reports on Form 6-K. The forward-looking statements contained in
this document speak only as of the date of this document and
NatWest Group does not assume or undertake any obligation or
responsibility to update any of the forward-looking statements
contained in this document, whether as a result of new information,
future events or otherwise, except to the extent legally
required.
|
Legal
Entity Identifier
|
NatWest
Group Plc
|
2138005O9XJIJN4JPN90
|
Ulster
Bank Limited
|
213800BZ9V4RRA2IRN26
|
National
Westminster Bank Plc
|
213800IBT39XQ9C4CP71
|
|
|
[1] Note: Ulster Bank
Limited which operates in Northern Ireland is a separate and
distinct legal entity from Ulster Bank Ireland Designated Activity
Company ("UBIDAC") which is incorporated in and provides banking
services to individuals, companies and institutions in the Republic
of Ireland.
Exhibit
No. 6
18 November 2020
NatWest Group plc
INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY ("PDMRs") IN ACCORDANCE WITH ARTICLE 19
OF THE EU MARKET ABUSE REGULATION 596/2014
1.
NatWest Group plc (the "Company") announces that an option to
acquire 3200 ordinary shares of £1 each in the Company
("Shares") (ISIN: GB00B7T77214) was granted on 16 November 2020
under NatWest Group plc 2017 ShareSave Plan ("Plan"), at the option
price of £1.1247 per Share, to Katie Murray, PDMR and Chief
Financial Officer.
Subject
to the rules of the Plan, the option will become exercisable from
18 December 2023. This transaction took place
outside of a trading venue.
Legal Entity
Identifier: 2138005O9XJIJN4JPN90
For further information contact:-
NatWest Group Investor Relations
Alexander Holcroft
Head of Investor Relations
+44(0)20 7672 1758
NatWest Group Media Relations
+44(0)131 523 4205
Exhibit
No.7
NatWest Group plc
Publication of Prospectus
The following prospectus has been approved by the Financial Conduct
Authority and is available for viewing:
Prospectus relating to the NatWest Group plc £40,000,000,000
Euro Medium Term Note Programme dated 26 November
2020.
To view the full document, please paste the following URL into the
address bar of your browser:
http://www.rns-pdf.londonstockexchange.com/rns/7654G_1-2020-11-27.pdf
A copy of the above Prospectus has been submitted to the National
Storage Mechanism and will shortly be available for inspection
at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
For further information, please contact:
Scott Forrest
Head of NatWest Treasury DCM
Tel: +44 (0) 7747 455 969
DISCLAIMER - INTENDED ADDRESSEES
Please note that the information contained in the Prospectus may be
addressed to and/or targeted at persons who are residents of
particular countries (specified in the Prospectus) only and is not
intended for use and should not be relied upon by any person
outside these countries and/or to whom the offer contained in the
Prospectus is not addressed. Prior to relying on the information
contained in the Prospectus you must ascertain from the Prospectus
whether or not you are part of the intended addressees of the
information contained therein.
Your right to access this service is conditional upon complying
with the above requirement.
Legal Entity Identifier: 2138005O9XJIJN4JPN90
Exhibit
No.8
NatWest Group plc
Total Voting Rights and Capital
In conformity with the Disclosure Guidance and Transparency Rules,
NatWest Group plc ('NWG') hereby notifies the following in respect
of its issued share capital with voting rights as at 30 November
2020:-
Share Class and nominal value
|
Number of Shares issued
|
Voting rights per share
|
Total Voting rights -
|
30 November 2020
|
Ordinary
shares of £1
|
12,128,973,187
|
4
|
48,515,892,748
|
11%
Cumulative Preference Shares of £1
|
500,000
|
4
|
2,000,000
|
5.5%
Cumulative Preference Shares of £1
|
400,000
|
4
|
1,600,000
|
Total:
|
12,129,873,187
|
|
48,519,492,748
|
of which none are held in Treasury.
Shareholders may use the above figures for their calculations to
determine whether they are required to notify their interest in, or
a change to their interest in the Company under the FCA's
Disclosure Guidance and Transparency Rules.
Legal Entity Identifier: 2138005O9XJIJN4JPN90
Date: 30
November 2020
|
NATWEST
GROUP plc (Registrant)
|
|
|
|
By: /s/
Jan Cargill
|
|
|
|
Name:
Jan Cargill
|
|
Title:
Deputy Secretary
|
Royal Bank of Scotland (NYSE:RBS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Royal Bank of Scotland (NYSE:RBS)
Historical Stock Chart
From Apr 2023 to Apr 2024