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6-K Filing
NatWest (NWG) 6-KBatch Filing
Filed: 28 Jun 24, 12:02pm
Exhibit No. 1 | Holding(s) in Company – Blackrock Inc dated 04 June 2024 |
Exhibit No. 2 | Total Voting Rights dated 04 June 2024 |
Exhibit No. 3 | Holding(s) in Company - HMT shareholding dated 04 June 2024 |
Exhibit No. 4 | Goldman Sachs European Financials Conference dated 06 June 2024 |
Exhibit No. 5 | Holding(s) in Company - HMT Shareholding dated 10 June 2024 |
Exhibit No. 6 | Director/PDMR Shareholding dated 10 June 2024 |
Director/PDMR Shareholding dated 24 June 2024 | |
Exhibit No. 8 | Holding(s) in Company – HMT dated 25 June 2024 |
Exhibit No. 9 | Holding(s) in Company – Total Voting Rights 28 June 2024 |
GB00BM8PJY71 |
NATWEST GROUP PLC |
UK |
An acquisition or disposal of voting rights; An acquisition or disposal of financial instruments |
BlackRock, Inc. |
Wilmington |
USA |
31-May-2024 |
03-Jun-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 | 5.230000 | 0.030000 | 5.260000 | 1842674238 |
Position of previous notification (if applicable) | Below 5% | Below 5% | Below 5% |
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 | 1825312436 | 5.230000 | ||
Sub Total 8.A | 1825312436 | 5.230000% |
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 |
American Depository Receipt | 12885722 | 0.030000 | ||
Securities Lending | 2688528 | 0.000000 | ||
Sub Total 8.B1 | 15574250 | 0.030000% |
Type of financial instrument | Expiration date | Exercise/conversion period | Physical or cash settlement | Number of voting rights | % of voting rights |
CFD | Cash | 1787552 | 0.000000 | ||
Sub Total 8.B2 | 1787552 | 0.000000% |
2. 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 entities (please add additional rows as necessary) |
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 |
BlackRock, Inc. (Chain 1) | BlackRock Holdco 2, Inc. | |||
BlackRock, Inc. (Chain 1) | BlackRock Financial Management, Inc. | |||
BlackRock, Inc. (Chain 1) | BlackRock International Holdings, Inc. | |||
BlackRock, Inc. (Chain 1) | BR Jersey International Holdings L.P. | |||
BlackRock, Inc. (Chain 1) | BlackRock (Singapore) Holdco Pte. Ltd. | |||
BlackRock, Inc. (Chain 1) | BlackRock HK Holdco Limited | |||
BlackRock, Inc. (Chain 1) | BlackRock Lux Finco S.a.r.l. | |||
BlackRock, Inc. (Chain 1) | BlackRock Japan Holdings GK | |||
BlackRock, Inc. (Chain 1) | BlackRock Japan Co., Ltd. | |||
BlackRock, Inc. (Chain 2) | Trident Merger, LLC | |||
BlackRock, Inc. (Chain 2) | BlackRock Investment Management, LLC | |||
BlackRock, Inc. (Chain 3) | BlackRock Holdco 2, Inc. | |||
BlackRock, Inc. (Chain 3) | BlackRock Financial Management, Inc. | |||
BlackRock, Inc. (Chain 3) | BlackRock International Holdings, Inc. | |||
BlackRock, Inc. (Chain 3) | BR Jersey International Holdings L.P. | |||
BlackRock, Inc. (Chain 3) | BlackRock Holdco 3, LLC | |||
BlackRock, Inc. (Chain 3) | BlackRock Cayman 1 LP | |||
BlackRock, Inc. (Chain 3) | BlackRock Cayman West Bay Finco Limited | |||
BlackRock, Inc. (Chain 3) | BlackRock Cayman West Bay IV Limited | |||
BlackRock, Inc. (Chain 3) | BlackRock Group Limited | |||
BlackRock, Inc. (Chain 3) | BlackRock Finance Europe Limited | |||
BlackRock, Inc. (Chain 3) | BlackRock Investment Management (UK) Limited | |||
BlackRock, Inc. (Chain 4) | BlackRock Holdco 2, Inc. | |||
BlackRock, Inc. (Chain 4) | BlackRock Financial Management, Inc. | |||
BlackRock, Inc. (Chain 4) | BlackRock International Holdings, Inc. | |||
BlackRock, Inc. (Chain 4) | BR Jersey International Holdings L.P. | |||
BlackRock, Inc. (Chain 4) | BlackRock Australia Holdco Pty. Ltd. | |||
BlackRock, Inc. (Chain 4) | BlackRock Investment Management (Australia) Limited | |||
BlackRock, Inc. (Chain 5) | BlackRock Holdco 2, Inc. | |||
BlackRock, Inc. (Chain 5) | BlackRock Financial Management, Inc. | |||
BlackRock, Inc. (Chain 5) | BlackRock International Holdings, Inc. | |||
BlackRock, Inc. (Chain 5) | BR Jersey International Holdings L.P. | |||
BlackRock, Inc. (Chain 5) | BlackRock Holdco 3, LLC | |||
BlackRock, Inc. (Chain 5) | BlackRock Cayman 1 LP | |||
BlackRock, Inc. (Chain 5) | BlackRock Cayman West Bay Finco Limited | |||
BlackRock, Inc. (Chain 5) | BlackRock Cayman West Bay IV Limited | |||
BlackRock, Inc. (Chain 5) | BlackRock Group Limited | |||
BlackRock, Inc. (Chain 5) | BlackRock International Limited | |||
BlackRock, Inc. (Chain 6) | BlackRock Holdco 2, Inc. | |||
BlackRock, Inc. (Chain 6) | BlackRock Financial Management, Inc. | |||
BlackRock, Inc. (Chain 6) | BlackRock Holdco 4, LLC | |||
BlackRock, Inc. (Chain 6) | BlackRock Holdco 6, LLC | |||
BlackRock, Inc. (Chain 6) | BlackRock Delaware Holdings Inc. | |||
BlackRock, Inc. (Chain 6) | BlackRock Institutional Trust Company, National Association | |||
BlackRock, Inc. (Chain 7) | BlackRock Holdco 2, Inc. | |||
BlackRock, Inc. (Chain 7) | BlackRock Financial Management, Inc. | |||
BlackRock, Inc. (Chain 7) | BlackRock Holdco 4, LLC | |||
BlackRock, Inc. (Chain 7) | BlackRock Holdco 6, LLC | |||
BlackRock, Inc. (Chain 7) | BlackRock Delaware Holdings Inc. | |||
BlackRock, Inc. (Chain 7) | BlackRock Fund Advisors | |||
BlackRock, Inc. (Chain 8) | BlackRock Holdco 2, Inc. | |||
BlackRock, Inc. (Chain 8) | BlackRock Financial Management, Inc. | |||
BlackRock, Inc. (Chain 9) | BlackRock Holdco 2, Inc. | |||
BlackRock, Inc. (Chain 9) | BlackRock Financial Management, Inc. | |||
BlackRock, Inc. (Chain 9) | BlackRock International Holdings, Inc. | |||
BlackRock, Inc. (Chain 9) | BR Jersey International Holdings L.P. | |||
BlackRock, Inc. (Chain 9) | BlackRock (Singapore) Holdco Pte. Ltd. | |||
BlackRock, Inc. (Chain 9) | BlackRock HK Holdco Limited | |||
BlackRock, Inc. (Chain 9) | BlackRock Asset Management North Asia Limited | |||
BlackRock, Inc. (Chain 10) | BlackRock Holdco 2, Inc. | |||
BlackRock, Inc. (Chain 10) | BlackRock Financial Management, Inc. | |||
BlackRock, Inc. (Chain 10) | BlackRock International Holdings, Inc. | |||
BlackRock, Inc. (Chain 10) | BR Jersey International Holdings L.P. | |||
BlackRock, Inc. (Chain 10) | BlackRock Holdco 3, LLC | |||
BlackRock, Inc. (Chain 10) | BlackRock Cayman 1 LP | |||
BlackRock, Inc. (Chain 10) | BlackRock Cayman West Bay Finco Limited | |||
BlackRock, Inc. (Chain 10) | BlackRock Cayman West Bay IV Limited | |||
BlackRock, Inc. (Chain 10) | BlackRock Group Limited | |||
BlackRock, Inc. (Chain 10) | BlackRock Finance Europe Limited | |||
BlackRock, Inc. (Chain 10) | BlackRock (Netherlands) B.V. | |||
BlackRock, Inc. (Chain 10) | BlackRock Asset Management Deutschland AG | |||
BlackRock, Inc. (Chain 11) | BlackRock Holdco 2, Inc. | |||
BlackRock, Inc. (Chain 11) | BlackRock Financial Management, Inc. | |||
BlackRock, Inc. (Chain 11) | BlackRock International Holdings, Inc. | |||
BlackRock, Inc. (Chain 11) | BlackRock Canada Holdings ULC | |||
BlackRock, Inc. (Chain 11) | BlackRock Asset Management Canada Limited | |||
BlackRock, Inc. (Chain 12) | BlackRock Holdco 2, Inc. | |||
BlackRock, Inc. (Chain 12) | BlackRock Financial Management, Inc. | |||
BlackRock, Inc. (Chain 12) | BlackRock Capital Holdings, Inc. | |||
BlackRock, Inc. (Chain 12) | BlackRock Advisors, LLC | |||
BlackRock, Inc. (Chain 13) | BlackRock Holdco 2, Inc. | |||
BlackRock, Inc. (Chain 13) | BlackRock Financial Management, Inc. | |||
BlackRock, Inc. (Chain 13) | BlackRock International Holdings, Inc. | |||
BlackRock, Inc. (Chain 13) | BR Jersey International Holdings L.P. | |||
BlackRock, Inc. (Chain 13) | BlackRock Holdco 3, LLC | |||
BlackRock, Inc. (Chain 13) | BlackRock Cayman 1 LP | |||
BlackRock, Inc. (Chain 13) | BlackRock Cayman West Bay Finco Limited | |||
BlackRock, Inc. (Chain 13) | BlackRock Cayman West Bay IV Limited | |||
BlackRock, Inc. (Chain 13) | BlackRock Group Limited | |||
BlackRock, Inc. (Chain 13) | BlackRock Finance Europe Limited | |||
BlackRock, Inc. (Chain 13) | BlackRock Advisors (UK) Limited | |||
BlackRock, Inc. (Chain 14) | BlackRock Holdco 2, Inc. | |||
BlackRock, Inc. (Chain 14) | BlackRock Financial Management, Inc. | |||
BlackRock, Inc. (Chain 14) | BlackRock International Holdings, Inc. | |||
BlackRock, Inc. (Chain 14) | BR Jersey International Holdings L.P. | |||
BlackRock, Inc. (Chain 14) | BlackRock (Singapore) Holdco Pte. Ltd. | |||
BlackRock, Inc. (Chain 14) | BlackRock (Singapore) Limited | |||
BlackRock, Inc. (Chain 15) | Trident Merger, LLC | |||
BlackRock, Inc. (Chain 15) | BlackRock Investment Management, LLC | |||
BlackRock, Inc. (Chain 15) | Amethyst Intermediate, LLC | |||
BlackRock, Inc. (Chain 15) | Aperio Holdings, LLC | |||
BlackRock, Inc. (Chain 15) | Aperio Group, LLC |
BlackRock Regulatory Threshold Reporting TeamJana Blumenstein020 7743 3650 |
3rd June 2024 |
12 Throgmorton Avenue, London, EC2N 2DL, U.K. |
Share Class and nominal value | Number of shares issued | Voting rights per share | Total voting rights - |
4 June 2024 | |||
Ordinary Shares of £1.0769* (excluding Ordinary Shares held in treasury) | 8,327,023,501 | 4 | 33,308,094,004 |
Ordinary Shares of £1.0769* held in treasury | 301,794,757 | 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: | 8,629,301,398 | 33,310,026,564 |
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: | 31 May 2024 | |||||
6. Date on which issuer notified (DD/MM/YYYY): | 4 June 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 | 22.15% | 22.15% | 33,310,026,564 | |||
Position of previous notification (if applicable) | 25.98% | 25.98% | ||||
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 | 7,377,864,044 | 22.15% | |||||||||||||||||||||
SUBTOTAL 8. A | 7,377,864,044 | 22.15% | |||||||||||||||||||||
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 | 22.15% | 22.15% | |||||||||||||||||||||
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 (22.15%), has been calculated following the disposal by HMT of 422,296,449 ordinary shares in NWG since its last TR-1 notification on 31 May 2024, including the directed buyback of 392,448,233 shares by NWG from HMT on 31 May 2024, and is based on the Total Voting Rights announcement on 4 June 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 | 4 June 2024 |
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: | 7 June 2024 | |||||
6. Date on which issuer notified (DD/MM/YYYY): | 8 June 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 | 21.93% | 21.93% | 33,310,026,564 | |||
Position of previous notification (if applicable) | 22.15% | 22.15% | ||||
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 | 7,304,117,940 | 21.93% | |||||||||||||
SUBTOTAL 8. A | 7,304,117,940 | 21.93% | |||||||||||||
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 | 21.93% | 21.93% | |||||||||||||
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 (21.93%), has been calculated following the disposal by HMT of 18,436,526 ordinary shares in NWG since its last TR-1 notification on 4 June 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 | 8 June 2024 |
Name of PDMR | Position of PDMR | 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 | 88,955 | 44,545 | 44,410 |
Keiran Foad | Group Chief Risk Officer | 96,118 | 45,244 | 50,874 |
David Lindberg | CEO, Retail Banking | 74,545 | 35,089 | 39,456 |
Scott Marcar | Group Chief Information Officer | 103,939 | 48,925 | 55,014 |
Katie Murray | Group Chief Financial Officer | 87,744 | 41,302 | 46,442 |
Mohammad Kamal Syed | Interim CEO, Coutts and Wealth Businesses | 40,560 | 19,092 | 21,468 |
Paul Thwaite | Group Chief Executive Officer | 98,878 | 46,543 | 52,335 |
Jen Tippin | Group Chief Operating Officer | 96,517 | 45,432 | 51,085 |
Name of PDMR | Position of PDMR | No. of Shares sold | Sale price | Date of transaction |
Jen Tippin | Group Chief Operating Officer | 50,000 | £3.1909 | 24 June 2024 |
Mohammad Kamal Syed | Interim CEO, Coutts and Wealth Businesses | 24,321 | £3.1958 | 24 June 2024 |
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 attached ii: | 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 obligation iv | ||||||
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 reached vi: | 24 June 2024 | |||||
6. Date on which issuer notified (DD/MM/YYYY): | 24 June 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 held in issuer (8.A + 8.B) vii | |||
Resulting situation on the date on which threshold was crossed or reached | 20.92% | 20.92% | 6,969,644,040 | |||
Position of previous notification (if applicable) | 21.93% | 21.93% | ||||
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii | |||||||||
A: Voting rights attached to shares | |||||||||
Class/type ofshares ISIN code (if possible) | Number of voting rights ix | % of voting rights | |||||||
Direct (DTR5.1) | Indirect (DTR5.2.1) | Direct (DTR5.1) | Indirect (DTR5.2.1) | ||||||
Ordinary Shares of £1.0769 each GB00BM8PJY71 | 6,969,644,040 | 20.92% | |||||||
SUBTOTAL 8. A | 6,969,644,040 | 20.92% | |||||||
B 1: Financial Instruments according to DTR5.3.1R (1) (a) | |||||||||
Type of financial instrument | Expirationdate x | Exercise/Conversion Period xi | 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 DTR5.3.1R (1) (b) | |||||||||
Type of financial instrument | Expirationdate x | Exercise/Conversion Period xi | Physical or cash Settlement xii | 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) issuer xiii | ||||
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 entity (please add additional rows as necessary) xiv | x | |||
Name xv | % 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 | 20.92% | 20.92% | ||
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 information xvi | ||||
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 (20.92%), has been calculated following the disposal by HMT of 83,618,475 ordinary shares in NWG since its last TR-1 notification on 10 June 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 | 24 June 2024 |
Share Class and nominal value | Number of Shares issued | Voting rights per share | Total Voting rights - |
28 June 2024 | |||
Ordinary Shares of £1.0769* (excluding ordinary shares held in treasury) | 8,319,680,386 | 4 | 33,278,721,544 |
Ordinary Shares of £1.0769* held in treasury | 289,871,056 | 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: | 8,610,034,582 | 33,280,654,104 |
NATWEST GROUP plc (Registrant) | |
By: /s/ Jan Cargill | |
Name: Jan Cargill | |
Title: Chief Governance Officer and Company Secretary |