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 May 2024
Commission
File Number: 001-10306
NatWest
Group plc
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 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 01 May 2024
|
|
|
Director/PDMR
Shareholding dated 09 May 2024
|
|
Exhibit
No. 3
|
Holding(s)
in Company - HMT shareholding dated 13 May 2024
|
|
Exhibit
No. 4
|
Holding(s)
in Company - Norges Bank shareholding 22 May 2024
|
|
Exhibit
No. 5
|
Holding(s)
in Company - HMT Shareholding dated 31 May 2023
|
|
Exhibit
No. 6
|
Off-Market
Purchase of Ordinary Shares from HMT dated 31 May 2024
|
|
Exhibit
No. 7
|
Total
Voting Rights dated 31 May 2024
|
Exhibit
No. 1
1 May 2024
NatWest Group plc
INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY (PDMRs) IN ACCORDANCE WITH ARTICLE 19
OF THE MARKET ABUSE REGULATION
NatWest Group plc (the Company) announces that the PDMRs set out
below acquired ordinary shares of £1.0769* each in the Company
(Shares) (ISIN: GB00BM8PJY71) on 29 April 2024. The Shares were
acquired through the reinvestment of the ordinary dividend paid by
the Company on 29 April on Shares which the PDMRs had originally
acquired in accordance with the Company's Chairman and
Non-executive Directors shareholding policy or employee share plans
as appropriate:
|
Name of PDMR
|
Position of PDMR
|
No. of Shares purchased
|
Purchase price
|
|
Frank Dangeard
|
Independent non-executive director
|
172
|
£3.0348
|
|
Roisin Donnelly
|
Independent non-executive director
|
172
|
£3.0348
|
|
Patrick Flynn
|
Independent non-executive director
|
172
|
£3.0348
|
|
Yasmin Jetha
|
Independent non-executive director
|
159
|
£3.0348
|
|
Stuart Lewis
|
Independent non-executive director
|
147
|
£3.0348
|
|
Mark Seligman
|
Senior Independent Director
|
159
|
£3.0348
|
|
Lena Wilson
|
Independent non-executive director
|
153
|
£3.0348
|
|
David Lindberg
|
CEO, Retail Banking
|
16,764
|
£3.0348
|
* Note: the nominal value of ordinary shares without
rounding is £1.076923076923077 per share
The transactions took place on the London Stock Exchange
(XLON).
Legal Entity Identifier: 2138005O9XJIJN4JPN90
For further information contact:
NatWest Group Investor Relations
Claire Kane
Director of Investor Relations
+44 20 7672 1758
NatWest Group Media Relations
+44(0)131 523 4205
Exhibit
No. 2
9 May 2024
NatWest Group plc
INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY (PDMRs) IN ACCORDANCE WITH ARTICLE 19 OF
THE MARKET ABUSE REGULATION
1.
NatWest Group plc (the Company) announces that Sharing in Success
awards (SiS), over ordinary shares of £1.0769* each in the
Company (Shares) (ISIN: GB00BM8PJY71) were granted on 8 May
2024 under the NatWest Group plc 2024 Employee Share Plan (the
Plan) and immediately vested. The market price per Share used on
the grant of the above awards was £3.0380.
The number of Shares vested, 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
|
Award
|
No. of Shares vested
|
No. of Shares withheld to satisfy associated tax
liability
|
No. of vested Shares retained
|
|
Robert Begbie
|
CEO, NatWest Commercial & Institutional and CEO NatWest
Markets
|
SiS
|
330
|
166
|
164
|
|
Keiran Foad
|
Group Chief Risk Officer
|
SiS
|
330
|
156
|
174
|
|
David Lindberg
|
CEO, Retail Banking
|
SiS
|
330
|
156
|
174
|
|
Scott Marcar
|
Group Chief Information Officer
|
SiS
|
330
|
156
|
174
|
|
Katie Murray
|
Group Chief Financial Officer
|
SiS
|
330
|
156
|
174
|
|
Mohammad Kamal Syed
|
Interim CEO, Coutts and Wealth Businesses
|
SiS
|
330
|
156
|
174
|
|
Paul Thwaite
|
Group Chief Executive Officer
|
SiS
|
330
|
156
|
174
|
|
Jen Tippin
|
Group Chief Operating Officer
|
SiS
|
330
|
156
|
174
|
* Note: the nominal value of ordinary shares without rounding
is £1.076923076923077 per share
The market price used to meet associated tax
liabilities was £3.1241.
Clawback provisions will apply for a period of seven years from the
date of grant, extended to ten years, for relevant PDMRs, if events
are under investigation at the end of the seven year
period.
Vested Shares retained after payment of associated tax liabilities
will be subject to a twelve-month retention
period.
2. The
Company announces that Shares were delivered to PDMRs on 8 May
2024, as set out below. The Shares delivered represent payment of a
fixed share allowance for the three-month period ending 30 June
2024 and have been calculated using a share price of
£3.0380.
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 Commercial & Institutional and CEO NatWest
Markets
|
27,181
|
13,611
|
13,570
|
|
Keiran Foad
|
Group Chief Risk Officer
|
33,946
|
15,979
|
17,967
|
|
David Lindberg
|
CEO, Retail Banking
|
29,363
|
13,822
|
15,541
|
|
Scott Marcar
|
Group Chief Information Officer
|
33,946
|
15,979
|
17,967
|
|
Katie Murray
|
Group Chief Financial Officer
|
64,842
|
30,522
|
34,320
|
|
Paul Thwaite
|
Group Chief Executive Officer
|
95,101
|
44,765
|
50,336
|
|
Jen Tippin
|
Group Chief Operating Officer
|
33,946
|
15,979
|
17,967
|
The market price used to determine the number of Shares
withheld to meet associated tax liabilities was
£3.1241. Shares retained after payment of associated tax
liabilities will be held on behalf of PDMRs and will be released in
instalments over a three or five year period.
All of the above transactions took place on the London Stock
Exchange (XLON).
Legal Entity Identifier: 2138005O9XJIJN4JPN90
For further information contact:
NatWest Group Investor Relations
Claire Kane
Director of Investor Relations
+44 20 7672 1758
NatWest Group Media Relations
+44(0)131 523 4205
Exhibit
No. 3
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 His 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 His Majesty's
Treasury
|
|
City and country of registered office (if applicable)
|
London, England
|
|
5. Date on which the threshold was crossed or
reachedvi:
|
10 May 2024
|
|
6. Date on which issuer notified (DD/MM/YYYY):
|
10 May 2024
|
|
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
|
26.95%
|
|
26.95%
|
34,896,338,432
|
|
Position of previous notification (if
applicable)
|
27.93%
|
|
27.93%
|
|
|
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 ofshares
ISIN code (if possible)
|
Number of voting rightsix
|
% of voting rights
|
|
Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)
|
Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)
|
Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)
|
Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)
|
|
Ordinary Shares of £1.0769 each GB00BM8PJY71
|
9,403,380,508
|
|
26.95%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SUBTOTAL 8. A
|
9,403,380,508
|
26.95%
|
|
|
|
B 1: Financial Instruments according to Art. 13(1)(a) of Directive
2004/109/EC (DTR5.3.1.1 (a))
|
|
Type of financial instrument
|
Expirationdatex
|
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
|
Expirationdatex
|
Exercise/Conversion Period xi
|
Physical or cash
settlementxii
|
Number 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 thefinancial
instruments are effectively held starting with the ultimate
controlling natural person or legal entityxiv (please
add additional rows as necessary)
|
X
|
|
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 His
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 His Majesty's
Treasury).
The Solicitor for the Affairs of His Majesty's Treasury is acting
as nominee for The Commissioners of His Majesty's
Treasury.
|
|
The Commissioners of His Majesty's Treasury
|
26.95%
|
|
26.95%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 His Majesty's Treasury is acting
as nominee for The Commissioners of His Majesty's Treasury
(HMT).
The percentage of voting rights held by HMT in NatWest Group plc
(NWG), as shown on this form (26.95%), has been calculated
following the disposal by HMT of 90,641,999 ordinary shares in NWG
since its last TR-1 notification on 26 April 2024.
The percentage of voting rights held by HMT could move up or down
going forward depending on the number of shares repurchased by NWG
and the progress of sales under HMT's trading plan announced on 22
July 2021 and most recently extended on 3 April 2023.
|
|
Place of completion
|
London, England
|
|
Date of completion
|
10 May 2024
|
Legal Entity Identifier: 2138005O9XJIJN4JPN90
Exhibit
No. 4
TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
Issuer Name
UK or Non-UK Issuer
2. Reason for Notification
|
An acquisition or disposal of voting rights
|
3. Details of person subject to the notification
obligation
Name
City of registered office (if applicable)
Country of registered office (if applicable)
4. Details of the shareholder
Full name of shareholder(s) if different from the person(s) subject
to the notification obligation, above
City of registered office (if applicable)
Country of registered office (if applicable)
5. Date on which the threshold was crossed or reached
6. Date on which Issuer notified
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 held in issuer
|
|
Resulting situation
on the date on which threshold was crossed or reached
|
2.955960
|
0.000000
|
2.955960
|
257993793
|
|
Position of
previous notification (if applicable)
|
3.066110
|
0.000000
|
3.066110
|
|
8. Notified details of the resulting situation on the date on which
the threshold was crossed or reached
8A. Voting rights attached to shares
|
Class/Type of shares ISIN code(if possible)
|
Number of direct voting rights (DTR5.1)
|
Number of indirect voting rights (DTR5.2.1)
|
% of direct voting rights (DTR5.1)
|
% of indirect voting rights (DTR5.2.1)
|
|
GB00BM8PJY71
|
257993793
|
|
2.955960
|
|
|
Sub
Total 8.A
|
257993793
|
2.955960%
|
8B1. Financial Instruments according to (DTR5.3.1R.(1)
(a))
|
Type of financial instrument
|
Expiration date
|
Exercise/conversion period
|
Number of voting rights that may be acquired if the instrument is
exercised/converted
|
% of voting rights
|
|
|
|
|
|
|
|
Sub
Total 8.B1
|
|
|
|
8B2. Financial Instruments with similar economic effect according
to (DTR5.3.1R.(1) (b))
|
Type of financial instrument
|
Expiration date
|
Exercise/conversion period
|
Physical or cash settlement
|
Number of voting rights
|
% of voting rights
|
|
|
|
|
|
|
|
|
Sub
Total 8.B2
|
|
|
|
9. Information in relation to the person subject to the
notification obligation
1. 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) issuer.
|
Ultimate controlling person
|
Name of controlled undertaking
|
% 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
|
|
|
|
|
|
|
10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional Information
12. Date of Completion
13. Place Of Completion
Legal Entity Identifier: 2138005O9XJIJN4JPN90
Exhibit
No. 5
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 His 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 His Majesty's
Treasury
|
|
City and country of registered office (if applicable)
|
London, England
|
|
5. Date on which the threshold was crossed or
reachedvi:
|
30 May 2024
|
|
6. Date on which issuer notified (DD/MM/YYYY):
|
30 May 2024
|
|
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
|
25.98%
|
|
25.98%
|
34,896,338,432
|
|
Position of previous notification (if
applicable)
|
26.95%
|
|
26.95%
|
|
|
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 ofshares
ISIN code (if possible)
|
Number of voting rightsix
|
% of voting rights
|
|
Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)
|
Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)
|
Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)
|
Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)
|
|
Ordinary Shares of £1.0769 each GB00BM8PJY71
|
9,067,049,840
|
|
25.98%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SUBTOTAL 8. A
|
9,067,049,840
|
25.98%
|
|
|
|
B 1: Financial Instruments according to Art. 13(1)(a) of Directive
2004/109/EC (DTR5.3.1.1 (a))
|
|
Type of financial instrument
|
Expirationdatex
|
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
|
Expirationdatex
|
Exercise/Conversion Period xi
|
Physical or cash
settlementxii
|
Number 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
thefinancial instruments are effectively held starting with the
ultimate controlling natural person or legal
entityxiv (please
add additional rows as necessary)
|
x
|
|
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 His
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 His Majesty's
Treasury).
The Solicitor for the Affairs of His Majesty's Treasury is acting
as nominee for The Commissioners of His Majesty's
Treasury.
|
|
The Commissioners of His Majesty's Treasury
|
25.98%
|
|
25.98%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 His Majesty's Treasury is acting
as nominee for The Commissioners of His Majesty's Treasury
(HMT).
The percentage of voting rights held by HMT in NatWest Group plc
(NWG), as shown on this form (25.98%), has been calculated
following the disposal by HMT of 84,082,667 ordinary shares in NWG
since its last TR-1 notification on 13 May 2024.
The percentage of voting rights held by HMT could move up or down
going forward depending on the number of shares repurchased by NWG
and the progress of sales under HMT's trading plan announced on 22
July 2021 and most recently extended on 3 April 2023.
|
|
Place of completion
|
London, England
|
|
Date of completion
|
30 May 2024
|
Legal Entity Identifier: 2138005O9XJIJN4JPN90
Exhibit
No. 6
NatWest Group plc
31 May 2024
Off-market purchase of 392,448,233 ordinary shares from His
Majesty's Treasury ("HM Treasury")
NatWest Group plc (the "Company") has agreed with HM Treasury to
make an off-market purchase (the "Off-Market Purchase") of
392,448,233 ordinary shares in the Company with a nominal value
of £1.0769* each
("Ordinary Shares") at a price of 316.2 pence per Ordinary Share,
being the closing price of the Ordinary Shares on the London Stock
Exchange on 30 May 2024. The total consideration for the
Off-Market Purchase will be
£1,240,921,312.75.
The purchased Ordinary Shares represent 4.50 per cent of the
Company's issued Ordinary Share capital (excluding treasury
shares). The Off-Market Purchase is expected to settle on 4 June
2024.
A contract (the "Directed Buyback Contract") between the Company
and HM Treasury was approved by the shareholders of the Company at
a General Meeting held on 6 February 2019 and signed on 7 February
2019. Amendments to the Directed Buyback Contract were approved by
the shareholders of the Company at a General Meeting held on 25
August 2022 and signed on 17 November 2022 and at the Annual
General Meeting held on 23 April 2024 and signed on 07 May 2024.
The authority from shareholders to make off-market purchases
of Ordinary Shares from HM Treasury (or its nominee) under the
terms of the Directed Buyback Contract was renewed at the Annual
General Meeting on 23 April 2024.
The Company intends to cancel 222,448,233 of
the purchased Ordinary Shares and hold the
remaining 170,000,000 Ordinary Shares in treasury.
Holding Ordinary Shares as treasury shares gives the Company the
ability to cancel or re-issue such Ordinary Shares at a later date,
quickly and cost effectively, and may provide the Company with
additional flexibility in the management of its capital base,
including the allotment of Ordinary Shares in relation to its
employee share plans.
Under Chapter 11 of the Listing Rules, the Directed Buyback
Contract constitutes a related party transaction. However, the
Off-Market Purchase is treated as a smaller related party
transaction under LR
11.1.10 R.
Upon settlement of the above transaction:
- the
Company will hold 301,835,417 of
its Ordinary Shares as treasury shares;
- the
Company will have in issue 8,328,623,628 Ordinary Shares (excluding
treasury shares)** and 483,140 Cumulative Preference Shares of
£1; and
- HM
Treasury will hold approximately 22.5*** per
cent. of the Company's voting rights.
The Company continues to target CET1 ratio in the range of 13-14%.
The transaction is broadly TNAV per share neutral.
Paul Thwaite, CEO of Natwest Group commented: "This transaction represents
another important milestone for NatWest Group, building on recent
momentum in the reduction of HM Treasury's stake in the bank. We
believe it is a positive use of capital for the bank and for our
shareholders and represents further progress against the ambition
to return NatWest Group to full private ownership. Our focus
remains on delivering for our customers which will, in turn,
deliver for our shareholders and the UK economy."
*The nominal value of Ordinary Shares without rounding is
£1.076923076923077 per share
**This number
does not take into account any purchases of Ordinary Shares which
(i) may have taken place but have not, at the date of this
announcement, settled under the Company's On Market Share Buyback
Programme which commenced on 19 February 2024 (the "Programme") or
(ii) may take place under the Programme between the date of this
announcement and settlement of the Off-Market
Purchase.
*** This number is based on the Company's most recent TR-1
notification of major shareholdings on 31 May 2024 in respect of HM
Treasury's shareholding notification dated 30 May 2024 and does not
take into account any sales executed by HM Treasury since the
notification date.
Further information:
Investor Relations
+ 44 (0)207 672 1758
Media Relations
+44 (0)131 523 4205
Legal Entity Identifier: 2138005O9XJIJN4JPN90
Forward-looking statements
This document may include 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', 'will', '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 NatWest Group's future economic results, business plans and
strategies. In
particular, this document may include forward-looking statements
relating to NatWest Group plc in respect of, but not limited to:
its economic and political risks, its financial position,
profitability and financial performance (including financial,
capital, cost savings and operational targets), the implementation
of its strategy, its climate and sustainability-related targets,
increasing competition from incumbents, challengers and new
entrants and disruptive technologies, its access to adequate
sources of liquidity and funding, its regulatory capital position
and related requirements, 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, and NatWest Group's
exposure to operational risk, conduct risk, cyber, data and IT
risk, financial crime 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, future growth initiatives (including
acquisitions, joint ventures and strategic partnerships), the
outcome of legal, regulatory and governmental actions and
investigations, the level and extent of future impairments and
write-downs, legislative, political, fiscal and regulatory
developments, accounting standards, competitive conditions,
technological developments, interest and exchange rate
fluctuations, general economic and political conditions and the
impact of climate-related risks and the transitioning to a net zero
economy. These and other factors, risks and uncertainties that may
impact any forward-looking statement or NatWest Group plc's actual
results are discussed in NatWest Group plc's 2023 Annual Report on
Form 20-F, NatWest Group plc's Interim Management Statement for Q1
2024 on Form 6-K, and
its other public filings. The forward-looking statements contained
in this document speak only as of the date of this document and
NatWest Group plc 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.
Exhibit
No. 7
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
31 May 2024.
|
Share Class and nominal value
|
Number of Shares issued
|
Voting rights per share
|
Total Voting rights -
|
|
31 May 2024
|
|
Ordinary Shares of £1.0769* (excluding ordinary shares held in
treasury)
|
8,719,814,077
|
4
|
34,879,256,308
|
|
Ordinary Shares of £1.0769* held in treasury
|
131,821,048
|
4
|
Voting rights not exercisable
|
|
11% Cumulative Preference Shares of £1
|
240,686
|
4
|
962,744
|
|
5.5% Cumulative Preference Shares of £1
|
242,454
|
4
|
969,816
|
|
Total:
|
8,852,118,265
|
|
34,881,188,868
|
* Note: the
nominal value of Ordinary Shares without rounding is
£1.076923076923077 per share
Shareholders may use the above figure of 34,881,188,868 for
their calculations to determine whether they are required to notify
their interest in, or a change to their interest in, NWG under the
FCA's Disclosure Guidance and Transparency Rules.
The off-market purchase of ordinary shares from His Majesty's
Treasury, which was announced earlier today, is expected to settle
on 4 June 2024 and is not reflected in the above
figures.
Legal Entity
Identifier: 2138005O9XJIJN4JPN90
Date: 31
May 2024
|
|
NATWEST
GROUP plc (Registrant)
|
|
|
|
|
|
By: /s/
Jan Cargill
|
|
|
|
|
|
Name:
Jan Cargill
|
|
|
Title:
Chief Governance Officer and Company Secretary
|
NatWest (PK) (USOTC:RBSPF)
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