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6-K Filing
NatWest (NWG) 6-KBatch Filing
Filed: 31 May 24, 11:48am
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 |
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 |
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 |
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 |
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 |
GB00BM8PJY71 |
NATWEST GROUP PLC |
UK |
An acquisition or disposal of voting rights |
Norges Bank |
Oslo |
Norway |
20-May-2024 |
21-May-2024 |
% 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 |
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% |
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 |
Type of financial instrument | Expiration date | Exercise/conversion period | Physical or cash settlement | Number of voting rights | % of voting rights |
Sub Total 8.B2 |
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 |
21-May-2024 |
Oslo, Norway |
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 |
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 |
NATWEST GROUP plc (Registrant) | |
By: /s/ Jan Cargill | |
Name: Jan Cargill | |
Title: Chief Governance Officer and Company Secretary |