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

Rhea-AI Filing Summary

NatWest Group plc (NWG) has filed a Form 6-K reporting routine execution of its authorised share-buyback programme. On 05 Aug 2025 the bank repurchased 993,264 ordinary shares at a volume-weighted average price of 524.85 p (high 530.0 p; low 520.4 p) through Merrill Lynch International. The repurchased stock—nominal value £1.0769 per share—will be cancelled.

After settlement, treasury holdings rise to 231,645,766 and shares outstanding fall to 8,092,075,267, trimming the float by roughly 0.012%. No earnings, dividend or guidance updates accompany the filing; the disclosure simply confirms ongoing implementation of the buy-back programme announced on 28 Jul 2025. A trade-by-trade log, published to meet UK Market Abuse Regulation requirements, is available via the linked RNS PDF.

Insights

Financial Analyst

TL;DR: Small, routine repurchase; neutral for valuation.

The 993k-share buyback represents a negligible 0.012% reduction in shares outstanding, but it confirms NatWest’s capital strength and continued shareholder-return focus. With no accompanying earnings data or guidance, the filing is informational rather than transformative. The programme’s orderly execution and planned cancellation of shares provide a modest tail-wind to EPS yet do not materially alter book value or CET1 ratios. Overall impact is neutral.

Portfolio Manager

TL;DR: Mildly constructive signal; supports capital-return narrative.

While quantitatively immaterial, the steady cadence of purchases underlines management’s confidence and may place a modest floor under the stock. Cancellation avoids treasury-share overhang and is marginally accretive. However, at less than 1/100th of 1 percent of the float, the action will not move intrinsic value or near-term trading multiples. Impact is slightly positive but not catalytic.

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

August, 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

05 August 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
05-Aug-25	993,264	530.00	520.40	524.85	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 231,645,766 Ordinary Shares in treasury and have 8,092,075,267 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/1151U_1-2025-8-5.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:	05 August 2025			By:	/s/ Mark Stevens
				Name:	Mark Stevens
				Title:	Assistant Secretary

FAQ

How many NatWest (NWG) shares were repurchased on 5 Aug 2025?

The company bought 993,264 ordinary shares under its ongoing buyback programme.

What was the average price paid per NatWest share?

The volume-weighted average price was 524.85 p, with prices ranging from 520.4 p to 530.0 p.

Will the repurchased NWG shares be held in treasury or cancelled?

NatWest intends to cancel all shares bought in this transaction.

What is NatWest’s new share count after the buyback?

Shares outstanding decrease to 8,092,075,267, while treasury shares rise to 231,645,766.

Does the 6-K include any earnings or guidance updates for NatWest?

No. The filing solely details the 5 Aug 2025 share repurchase and provides no financial or strategic updates.