NatWest Group Plc Form 6-K Summary
Business Context and Reporting Period
This Form 6-K, filed on June 13, 2024, reports a transaction in own shares by NatWest Group Plc. The filing discloses the execution of share repurchases as part of the Company's existing buyback programme, instructed to UBS AG, London Branch on February 16, 2024.
Key Financial Metrics and Transaction Details
The filing details the purchase of ordinary shares on June 13, 2024, across three trading venues. The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics as this is a transactional disclosure rather than a financial results report.
| Venue | Shares Purchased | Highest Price (GBp) | Lowest Price (GBp) | Volume Weighted Average Price (GBp) |
|---|---|---|---|---|
| LSE | 658,000 | 309.90 | 307.50 | 308.6987 |
| CHIX | 135,000 | 309.80 | 307.60 | 308.8381 |
| BATE | 536,412 | 310.20 | 307.40 | 308.6350 |
| Total | 1,329,412 | 310.20 | 307.40 | N/A |
Following settlement, NatWest Group holds 290,237,902 Ordinary Shares in treasury. The total number of Ordinary Shares in issue (excluding treasury shares) is 8,328,359,091.
Material Changes and Share Capital
The primary material change is the reduction of shares in issue due to the repurchase and intended cancellation of 1,329,412 Ordinary Shares. The nominal value of each Ordinary Share is £1.076923076923077.
Guidance, Outlook, and Management Commentary
The Company intends to cancel the repurchased Ordinary Shares. The transactions were executed in accordance with Article 5(1)(b) of Regulation (EU) No. 596/2014 (Market Abuse Regulation) as it applies in the UK. No specific financial guidance, outlook, or risk commentary is provided in this specific filing.
Investor Verification Checklist
- Verify the total number of treasury shares held (290,237,902) against the latest capital structure reports.
- Confirm the total number of shares in issue (8,328,359,091) excluding treasury shares.
- Review the full breakdown of individual trades to ensure compliance with the Market Abuse Regulation.
- Check the remaining capacity under the existing share buyback programme announced on February 19, 2024.