NatWest Group Plc Form 6-K Summary
Business Context and Reporting Period
This filing is a Form 6-K Report of Foreign Private Issuer dated June 25, 2024. The document discloses a transaction in the company's own shares, specifically a share buyback executed by NatWest Group plc (the "Company") through UBS AG, London Branch. The announcement was issued in London, England, and furnished to the SEC pursuant to General Instruction B.
Key Financial Metrics and Transaction Details
The filing details a single-day share repurchase program execution. The Company purchased a total of 1,444,434 Ordinary Shares on June 25, 2024. The nominal value of each share is £1.0769.
| Trading Venue | Shares Purchased | Highest Price (GBp) | Lowest Price (GBp) | Volume Weighted Average Price (GBp) |
|---|---|---|---|---|
| LSE | 797,091 | 316.30 | 307.70 | 310.4312 |
| CHIX | 170,618 | 315.50 | 307.80 | 310.6638 |
| BATE | 476,725 | 316.10 | 307.60 | 310.0500 |
Post-Transaction Share Capital:
- Treasury Shares Held: 289,909,666 Ordinary Shares.
- Shares in Issue (excluding treasury): 8,320,414,789 Ordinary Shares.
The filing text does not provide data on revenue, profit, cash flow, margins, debt, or liquidity for the period, as this is a transaction-specific disclosure rather than a financial results report.
Material Changes and Program Status
The purchases form part of the Company's existing share buyback programme, authorized by instructions issued to UBS on February 16, 2024 (announced February 19, 2024). The Company intends to cancel the repurchased Ordinary Shares. There are no material changes to financial performance metrics reported in this specific filing.
Guidance, Outlook, and Risks
This filing contains no forward-looking guidance, management commentary on future outlook, or discussion of risks and contingencies beyond the standard disclosure of the share transaction. The transaction was conducted in accordance with Article 5(1)(b) of Regulation (EU) No. 596/2014 (Market Abuse Regulation) as it applies in the UK.
Key Facts for Investor Verification
- Buyback Execution: Verify the total volume of 1,444,434 shares purchased on June 25, 2024, across LSE, CHIX, and BATE venues.
- Price Range: Confirm the weighted average price paid was approximately 310 GBp, with a range between 307.60 GBp and 316.30 GBp.
- Treasury Holdings: Note the updated treasury share count of 289,909,666 following settlement.
- Program Authorization: Confirm these trades align with the buyback mandate announced on February 19, 2024.
- Share Cancellation: Verify the Company's stated intent to cancel the repurchased shares, which will reduce the total share count in issue.