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

Rhea-AI Filing Summary

NatWest Group plc executed a tranche of its announced share buyback programme, purchasing 514,391 ordinary shares at a lowest price of 518.20 GBp on the London Stock Exchange through Merrill Lynch International (BofA). The company states it intends to cancel the repurchased shares. After settlement, NatWest will hold 231,143,214 shares in treasury and will have 8,055,973,447 ordinary shares in issue excluding treasury shares. The purchases were carried out under instructions given to BofA on 25 July 2025 and form part of the existing buyback programme.

Positive

• Repurchase executed with specific quantity (514,391 shares) and price data (lowest 518.20 GBp)
• Intent to cancel the repurchased shares, which will reduce issued share capital
• Post-transaction transparency provided via updated treasury (231,143,214) and outstanding shares (8,055,973,447) counts
• Trades linked to previously announced instructions (25 July 2025), showing programme continuity

Negative

• None.

Insights

Financial Analyst

TL;DR Routine buyback tranche executed; modestly supportive for earnings per share and capital management but not transformational.

The transaction discloses a clear operational execution of the group's repurchase programme with a specific trade count and price point, and an explicit intention to cancel the shares which will reduce issued share capital excluding treasury holdings. The disclosed post-settlement treasury and outstanding share counts allow investors to update diluted share calculations. No financial magnitude (program total value or percentage of market cap) is provided here, limiting assessment of overall capital impact.

Corporate Governance Expert

TL;DR Buyback follows announced programme and cancellation intention, reflecting shareholder-return policy execution.

The filing follows regulatory transparency requirements by providing trade details and linking the trades to the July 25 instructions and the public programme announcement. The stated intent to cancel repurchased shares is governance-relevant because cancellation reduces issued share capital rather than merely holding shares in treasury. The document includes a link to a full breakdown of trades, aiding disclosure compliance.

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

10 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
10-Sep-25	514,391	525.80	518.20	523.29	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 231,143,214 Ordinary Shares in treasury and have 8,055,973,447 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/8568Y_1-2025-9-10.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:	10 September 2025			By:	/s/ Mark Stevens
				Name:	Mark Stevens
				Title:	Assistant Secretary

FAQ

How many NatWest (NWG) shares were purchased in this transaction?

514,391 ordinary shares were purchased.

At what price were the NatWest shares purchased?

The lowest price paid reported was 518.20 GBp per share.

Will NatWest cancel the repurchased shares?

Yes, the company states it intends to cancel the repurchased ordinary shares.

How many NatWest shares will be held in treasury after settlement?

After settlement the company will hold 231,143,214 ordinary shares in treasury.

How many NatWest ordinary shares will be in issue excluding treasury shares?

There will be 8,055,973,447 ordinary shares in issue excluding treasury shares.

Who executed the buyback on behalf of NatWest?

Merrill Lynch International (BofA) executed the trades on behalf of the company.