[6-K] NatWest Group plc American Current Report (Foreign Issuer)

Rhea-AI Filing Summary

NatWest Group plc (NWG) filed a Form 6-K reporting activity under its ongoing share buy-back programme. On 31 July 2025 the bank repurchased 1,008,635 ordinary shares on the London Stock Exchange through Merrill Lynch International at prices between 526.00 GBp and 534.20 GBp, delivering a volume-weighted average price of 529.73 GBp. Each share carries a £1.0769 nominal value.

The repurchased shares will be cancelled. After settlement, NatWest will hold 231,646,267 shares in treasury and will have 8,095,434,670 shares outstanding (excluding treasury stock). No additional financial metrics, guidance or strategic commentary were provided in this filing.

Insights

Portfolio Manager

TL;DR Small buy-back (~0.01% of float) continues existing programme; signals steady capital return but has negligible effect on valuation or EPS.

The 1 million-share purchase represents roughly £53 m of notional value and just 0.012% of the 8.1 bn shares outstanding, leaving the capital structure virtually unchanged. While ongoing repurchases can be viewed positively for shareholder returns, the incremental cancellation is too small to materially lift earnings per share or book value. The filing contains no new insight on profitability, asset quality, or regulatory capital; hence the market impact is likely neutral.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

July, 2025

Commission File Number 001-10306

NatWest Group plc

250 Bishopsgate,

London, EC2M 4AA

United Kingdom

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

The following information was issued as Company announcements in London, England and is furnished pursuant to General Instruction B to the General Instructions to Form 6-K:

NatWest Group plc
31 July 2025
Transaction in Own Shares
NatWest Group plc (the "Company") announces today that it has purchased the following number of ordinary shares in the Company with a nominal value of £1.0769* each ("Ordinary Shares") from Merrill Lynch International ("BofA").
Aggregated information:
Date of purchase	Number of Ordinary Shares purchased	Highest price paid: (GBp)	Lowest price paid: (GBp)	Volume  weighted average price paid per share (GBp)	Venue
31-Jul-25	1,008,635	534.20	526.00	529.73	LSE
* Note: the nominal value of Ordinary Shares without rounding is £1.076923076923077 per share
Such purchases form part of the Company's existing share buyback programme and were effected pursuant to the instructions issued by the Company to BofA on 25 July 2025, as announced on 28 July 2025.
The Company intends to cancel the repurchased Ordinary Shares.
Following the settlement of the above transactions, the Company will hold 231,646,267 Ordinary Shares in treasury and have 8,095,434,670 Ordinary Shares in issue (excluding treasury shares).
Further information:
Investor Relations
+ 44 (0)207 672 1758
Media Relations
+44 (0)131 523 4205
Legal Entity Identifier: 2138005O9XJIJN4JPN90
Transaction details
In accordance with Article 5(1)(b) of Regulation (EU) No.596/2014 as it applies in the UK (Market Abuse Regulation), a full breakdown of the individual trades made by BofA on behalf of the Company as part of the buyback programme is detailed in the attached: http://www.rns-pdf.londonstockexchange.com/rns/5010T_1-2025-7-31.pdf

SIGNATURE

                                                                           Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

			NatWest Group plc (Registrant)
Date:	31 July 2025			By:	/s/ Mark Stevens
				Name:	Mark Stevens
				Title:	Assistant Secretary

FAQ

How many NatWest (NWG) shares were repurchased on 31 July 2025?

The company bought back 1,008,635 ordinary shares on that date.

What was the volume-weighted average price paid per NWG share?

NatWest paid a 529.73 GBp volume-weighted average price.

What will NatWest's share count be after cancelling the repurchased shares?

Outstanding shares will be 8,095,434,670 (excluding 231,646,267 treasury shares).

Which broker executed the 31 July 2025 NatWest buy-back?

The trades were carried out by Merrill Lynch International (BofA).

Are the repurchased NWG shares being held or cancelled?

NatWest stated it intends to cancel the repurchased ordinary shares.