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

Rhea-AI Filing Summary

NatWest Group reported aggregated buyback activity under its existing share repurchase programme executed via BofA, purchasing 2,102,358 ordinary shares at a lowest reported price of 513.20 GBp on the LSE. The company intends to cancel the repurchased shares. After settlement, NatWest Group will hold 231,204,597 ordinary shares in treasury and have 8,068,122,751 ordinary shares in issue excluding treasury shares. A full breakdown of individual trades executed by BofA is provided via an attached transaction report. Contact details for investor and media relations and the company LEI are included in the announcement.

Positive

• Share repurchase executed with 2,102,358 shares bought, showing active capital return
• Intent to cancel repurchased shares, which reduces shares outstanding and is accretive on a per‑share basis
• Regulatory transparency via full trade breakdown provided by the linked transaction report

Negative

• None.

Insights

Securities Analyst

TL;DR Buyback and cancellation modestly reduce share count, supporting EPS mechanically; transaction details are disclosed via the trade report.

The announced purchase of 2.1 million shares and the stated intention to cancel them is a routine capital-return action that reduces shares outstanding and is therefore accretive on a per-share basis absent other changes. The transparency of providing a full trade breakdown via the linked report aligns with regulatory disclosure expectations under the Market Abuse Regulation. The size of the buyback relative to total issued shares appears small (<1%), so the immediate market impact is likely limited.

Corporate Governance Specialist

TL;DR Cancellation of repurchased shares signals capital management discipline but shows no large, material shift in capital structure.

Cancelling repurchased ordinary shares indicates the board's choice to return capital and permanently reduce the share base rather than hold shares in treasury for future use. The announcement follows prescribed execution via an appointed broker and includes appropriate contact and LEI information. There is no disclosure here of total programme authorization remaining or funding source, limiting assessment of future buyback scope.

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

September, 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

1 September 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
01-Sep-25	2,102,358	518.20	513.20	515.94	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 231,204,597 Ordinary Shares in treasury and have 8,068,122,751 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/5412X_1-2025-9-1.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:	01 September 2025			By:	/s/ Mark Stevens
				Name:	Mark Stevens
				Title:	Assistant Secretary

FAQ

How many shares did NatWest Group (NWG) repurchase?

2,102,358 ordinary shares were purchased as reported in the announcement.

At what price were the NatWest Group shares bought?

The lowest reported price paid was 513.20 GBp on the London Stock Exchange.

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

The company stated it intends to cancel the repurchased ordinary shares.

How many NatWest shares will be outstanding after settlement?

After settlement the company will have 8,068,122,751 ordinary shares in issue, excluding treasury shares.

Where can I find the full breakdown of trades executed for the buyback?

A full breakdown of individual trades executed by BofA is available in the linked transaction report provided in the announcement.