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 24, 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 pursuant to instructions issued to UBS AG, London Branch on February 16, 2024.
Key Financial Metrics and Transaction Details
The Company purchased a total of 912,932 Ordinary Shares on June 24, 2024. The transactions were executed across three trading venues: London Stock Exchange (LSE), CHIX, and BATE.
| Venue | Shares Purchased | Highest Price (GBp) | Lowest Price (GBp) | Volume Weighted Average Price (GBp) |
|---|---|---|---|---|
| LSE | 658,218 | 320.00 | 314.80 | 318.2748 |
| CHIX | 125,455 | 317.50 | 315.40 | 315.9904 |
| BATE | 129,259 | 319.00 | 315.30 | 317.4549 |
Post-Transaction Share Capital:
- Treasury Shares Held: 289,909,666
- Ordinary Shares in Issue (excluding treasury): 8,321,859,223
The filing does not provide data on revenue, profit, cash flow, margins, debt, or liquidity, as this report is specific to a share repurchase transaction.
Material Changes and Management Commentary
The Company intends to cancel the repurchased Ordinary Shares. This transaction represents a reduction in the number of shares in issue and an increase in treasury shares held. The filing confirms 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.
Guidance, Risks, and Contingencies
This filing contains no forward-looking guidance, risk factors, or discussion of contingencies. It is a factual disclosure of a completed market transaction.
Key Facts for Investor Verification
- Verify the total number of shares repurchased (912,932) against the sum of individual trades listed in the detailed breakdown.
- Confirm the updated treasury share count (289,909,666) and shares in issue (8,321,859,223) in subsequent filings.
- Review the volume-weighted average prices to ensure they align with market data for June 24, 2024.
- Check the status of the share buyback programme to determine remaining authorization limits.