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 February 21, 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:
NatWest Group plc |
21 February 2024 | |
Transaction in Own Shares |
| NatWest Group plc (the 'Company') announces today that it has purchased the following number of ordinary shares in the Company with a nominal value of £1.0769* each ('Ordinary Shares') from UBS AG, London Branch ('UBS') across two transactions, Transaction 1 and Transaction 2 (together the 'Transactions'). | |
| | | | | | | |
| The purchases form part of the Company's existing share buyback programmes, with Transaction 1 purchases effected pursuant to the instructions issued by the Company to UBS on 28 July 2023, as announced on 31 July 2023 and Transaction 2 purchases effected pursuant to the instructions issued by the Company to UBS on 16 February 2024, as announced on 19 February 2024. | |
| | | | | | | |
| Aggregated information relating to the Transactions is set out in the tables below. | |
| | | | | | | |
| Transaction 1: | | | | | | |
| Date of purchase | Number of Ordinary Shares purchased | Highest price paid: (GBp) | Lowest price paid: (GBp) | Volume weighted average price paid per share (GBp) | Venue |
| 21 February 2024 | 0 | 0.00 | 0.00 | 0.0000 | LSE |
| 21 February 2024 | 0 | 0.00 | 0.00 | 0.0000 | CHIX |
| 21 February 2024 | 0 | 0.00 | 0.00 | 0.0000 | BATE |
Transaction 2:
| Date of purchase | Number of Ordinary Shares purchased | Highest price paid: (GBp) | Lowest price paid: (GBp) | Volume weighted average price paid per share (GBp) | Venue |
| 21 February 2024 | 182,425 | 230.90 | 228.90 | 230.0680 | LSE |
| 21 February 2024 | 0 | 0.00 | 0.00 | 0.0000 | CHIX |
| 21 February 2024 | 0 | 0.00 | 0.00 | 0.0000 | BATE |
* Note: the nominal value of Ordinary Shares without rounding is £1.076923076923077 per share
| The Company intends to cancel all of the Ordinary Shares repurchased under the Transactions. Following the settlement of the Transactions, the Company will hold 176,172,558 Ordinary Shares in treasury and have 8,748,719,627 Ordinary Shares in issue (excluding treasury shares). | |
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| Further information: |
| | | | | | | |
| Investor Relations | | | | | | |
| + 44 (0)207 672 1758 | | | | | | |
| | | | | | | |
| Media Relations | | | | | | |
| +44 (0)131 523 4205 | | | | | | |
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| Legal Entity Identifier: 2138005O9XJIJN4JPN90 |
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| Details of the Transactions | | | | | |
| In accordance with Article 5(1)(b) of Regulation (EU) No.596/2014 as it applies in the UK (Market Abuse Regulation), a full breakdown of the individual trades made by UBS on behalf of the Company as part of the buyback programmes relating to the Transactions is detailed below: | |
Transaction 2:
| Transaction Date | Time | Time Zone | Volume (shares) | Price (GBp) | Trading Venue | MatchID |
| 21 February 2024 | 08:06:01 | BST | 8171 | 229.50 | LSE | 1537808 |
| 21 February 2024 | 08:36:19 | BST | 4608 | 230.80 | LSE | 1571395 |
| 21 February 2024 | 08:36:19 | BST | 3171 | 230.80 | LSE | 1571393 |
| 21 February 2024 | 08:56:12 | BST | 7905 | 230.70 | LSE | 1589122 |
| 21 February 2024 | 09:42:47 | BST | 1676 | 230.90 | LSE | 1632780 |
| 21 February 2024 | 09:42:47 | BST | 6581 | 230.90 | LSE | 1632778 |
| 21 February 2024 | 10:26:18 | BST | 8687 | 230.70 | LSE | 1666645 |
| 21 February 2024 | 10:48:35 | BST | 8390 | 230.60 | LSE | 1681975 |
| 21 February 2024 | 11:31:13 | BST | 8042 | 230.30 | LSE | 1711840 |
| 21 February 2024 | 12:01:43 | BST | 7279 | 230.80 | LSE | 1729424 |
| 21 February 2024 | 12:20:45 | BST | 2549 | 230.20 | LSE | 1741373 |
| 21 February 2024 | 12:30:40 | BST | 8850 | 230.30 | LSE | 1746571 |
| 21 February 2024 | 13:18:04 | BST | 7605 | 230.30 | LSE | 1778922 |
| 21 February 2024 | 13:48:40 | BST | 8601 | 228.90 | LSE | 1804508 |
| 21 February 2024 | 14:20:01 | BST | 7649 | 229.70 | LSE | 1833343 |
| 21 February 2024 | 14:31:22 | BST | 8565 | 229.90 | LSE | 1852237 |
| 21 February 2024 | 14:46:58 | BST | 8879 | 229.00 | LSE | 1883126 |
| 21 February 2024 | 15:01:16 | BST | 7651 | 229.60 | LSE | 1908733 |
| 21 February 2024 | 15:11:58 | BST | 8708 | 229.50 | LSE | 1926001 |
| 21 February 2024 | 15:24:14 | BST | 8546 | 229.80 | LSE | 1944123 |
| 21 February 2024 | 15:41:05 | BST | 2944 | 230.50 | LSE | 1968745 |
| 21 February 2024 | 15:41:05 | BST | 5265 | 230.50 | LSE | 1968743 |
| 21 February 2024 | 15:51:04 | BST | 7395 | 230.20 | LSE | 1983291 |
| 21 February 2024 | 15:59:23 | BST | 8646 | 229.90 | LSE | 1996169 |
| 21 February 2024 | 16:10:13 | BST | 8150 | 229.90 | LSE | 2014945 |
| 21 February 2024 | 16:15:20 | BST | 7912 | 229.90 | LSE | 2024349 |
Date: 21 February 2024
| | NATWEST GROUP plc (Registrant) |
| | |
| | By: /s/ Jan Cargill |
| | |
| | Name: Jan Cargill |
| | Title: Chief Governance Officer and Company Secretary |
