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 27, 2024. It discloses a transaction in own shares executed by NatWest Group plc (the "Company") as part of its existing share buyback programme. The programme was initiated via instructions issued to UBS AG, London Branch on February 16, 2024.
Key Financial Metrics and Transaction Details
The filing details the repurchase of ordinary shares on June 27, 2024. The Company intends to cancel the repurchased shares.
| Metric | Value |
|---|---|
| Total Shares Purchased | 1,064,374 |
| Trading Venues | LSE, BATE, CHIX |
| Highest Price Paid | 313.60 GBp |
| Lowest Price Paid | 311.00 GBp |
| Volume Weighted Average Price (LSE) | 312.4569 GBp |
| Volume Weighted Average Price (BATE) | 311.8805 GBp |
| Treasury Shares Held (Post-Transaction) | 289,871,056 |
| Ordinary Shares in Issue (Excluding Treasury) | 8,318,616,012 |
Material Changes
This filing represents a routine execution of the Company's share buyback programme. There are no material changes to the Company's financial position, revenue, or profit reported in this specific document. The primary change is the reduction of shares in issue and the increase in treasury shares held by the Company following the settlement of these transactions.
Guidance, Outlook, and Risks
The filing contains no new financial guidance, outlook, or management commentary regarding future performance. It does not disclose new risks or contingencies. 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.
Investor Verification Checklist
- Verify the total number of shares repurchased (1,064,374) against the sum of individual trades listed in the transaction details.
- Confirm the updated treasury share count (289,871,056) and shares in issue (8,318,616,012) in subsequent filings.
- Review the February 19, 2024 announcement to understand the total scope and remaining capacity of the share buyback programme.
- Note that the nominal value of the Ordinary Shares is £1.076923076923077 per share.