Business Context and Reporting Period
Company: NatWest Group plc
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Reporting Date: July 4, 2024
Subject: Transaction in Own Shares (Share Buyback)
This filing discloses the execution of share repurchases under the Company's existing buyback programme, announced on February 19, 2024. The transactions were executed by UBS AG, London Branch, on behalf of the Company.
Key Financial Metrics and Transaction Details
The filing details a single day of trading activity on July 4, 2024. No revenue, profit, or cash flow data is provided in this specific document.
| Metric | Value |
|---|---|
| Total Shares Purchased | 1,114,171 |
| Price Range (GBp) | 323.20 (Low) - 326.90 (High) |
| Volume Weighted Average Price (GBp) | ~325.80 (Aggregated across venues) |
| Trading Venues | LSE, CHIX, BATE |
| Treasury Shares Held (Post-Transaction) | 289,834,798 |
| Ordinary Shares in Issue (Excl. Treasury) | 8,313,246,528 |
Material Changes
This filing represents a reduction in the number of shares in issue and an increase in treasury shares held by the Company. The repurchased shares are intended to be cancelled. There are no material changes to financial performance metrics (revenue, profit, debt) disclosed in this report.
Guidance, Outlook, and Management Commentary
Management Commentary: The Company confirmed that these purchases are part of an existing share buyback programme. The instructions for these transactions were issued to UBS on February 16, 2024.
Guidance/Outlook: The filing text does not provide new financial guidance, outlook, or commentary on future earnings.
Risks/Contingencies: No new risks or contingencies are disclosed in this specific announcement.
Important Facts for Investor Verification
- Buyback Execution: Verify the total volume of 1,114,171 shares purchased on July 4, 2024, across LSE, CHIX, and BATE venues.
- Share Count Impact: Confirm the updated share capital structure: 289,834,798 treasury shares and 8,313,246,528 shares in issue.
- Programme Status: Note that these trades are part of a pre-announced programme (Feb 2024) and the Company intends to cancel the repurchased shares.
- Price Data: The average price paid was approximately 325.8 GBp, with a trading range between 323.20 and 326.90 GBp.