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Capital Group trims NatWest (NWG) holding slightly below 5%

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

NatWest Group plc has furnished a major shareholding notification showing that The Capital Group Companies, Inc. and its affiliates have reduced their aggregate holding to just under 5% of NatWest’s voting rights. Their position now represents 4.991397% of voting rights, corresponding to 1,592,753,108 voting rights in total.

These voting rights come entirely from equity holdings, with 1,494,329,588 voting rights (4.682956%) linked to ordinary shares and 98,423,520 voting rights (0.308441%) linked to depository receipts. The previous notification showed a slightly higher level at 5.005597%, indicating a small decrease. Capital Group notes that neither it nor its affiliates hold these shares for their own account; instead, they are owned by client accounts managed on a discretionary basis by various Capital Group investment management companies.

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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
 
March, 2026
 
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:
 
 
 
 TR-1: Standard form for notification of major holdings
 
1. Issuer Details
 
ISIN
 
GB00BM8PJY71
 
Issuer Name
 
NATWEST GROUP PLC
 
UK or Non-UK Issuer
 
UK
 
2. Reason for Notification
 
An acquisition or disposal of voting rights
 
3. Details of person subject to the notification obligation
 
Name
 
The Capital Group Companies, Inc.
 
City of registered office (if applicable)
 
Los Angeles
 
Country of registered office (if applicable)
 
USA
 
4. Details of the shareholder
 
Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above
 
 
 
City of registered office (if applicable)
 
 
 
Country of registered office (if applicable)
 
 
 
5. Date on which the threshold was crossed or reached
 
24-Mar-2026
 
6. Date on which Issuer notified
 
25-Mar-2026
 
7. Total positions of person(s) subject to the notification obligation  
 
 
 
 
 
 
% of voting rights attached to shares (total of 8.A)
 
% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)
 
Total of both in % (8.A + 8.B)
 
Total number of voting rights held in issuer
 
Resulting situation on the date on which threshold was crossed or reached
 
4.991397
 
0.000000
 
4.991397
 
1592753108
 
Position of previous notification (if applicable)
 
5.005597
 
0.000000
 
5.005597
 
 
 
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
 
8A. Voting rights attached to shares 
 
Class/Type of shares ISIN code(if possible)
Number of direct voting rights (DTR5.1)
Number of indirect voting rights (DTR5.2.1)
% of direct voting rights (DTR5.1)
% of indirect voting rights (DTR5.2.1)
GB00BM8PJY71 Common Stock
 
 
1494329588
 
 
4.682956
 
US6390572070 Depository Receipt
 
 
98423520
 
 
0.308441
 
Sub Total 8.A
1592753108
 
4.991397%
 
 
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a)) 
 
 
 
 
 
Type of financial instrument
Expiration date
Exercise/conversion period
Number of voting rights that may be acquired if the instrument is exercised/converted
% of voting rights
 
 
 
 
 
 
Sub Total 8.B1
 
 
 
 
 
8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b)) 
 
 
 
 
 
 
Type of financial instrument
Expiration date
Exercise/conversion period
Physical or cash settlement
 
Number of voting rights
% of voting rights
 
 
 
 
 
 
Sub Total 8.B2
 
 
 
 
 
9. Information in relation to the person subject to the notification obligation
 
 
2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)
 
 
 
 
 
 
 
Ultimate controlling person

Name of controlled undertaking
% of voting rights if it equals or is higher than the notifiable threshold
% of voting rights through financial instruments if it equals or is higher than the notifiable threshold
  Total of both if it equals or is higher than the notifiable threshold
The Capital Group Companies, Inc.
 
Capital Research and Management Company
 
 
 
 
The Capital Group Companies, Inc.
 
Capital International, Inc.
 
 
 
 
The Capital Group Companies, Inc.
 
Capital Group Private Client Services, Inc.
 
 
 
 
The Capital Group Companies, Inc.
 
Capital International Sarl
 
 
 
 
 
10. In case of proxy voting
 
Name of the proxy holder
 
 
 
The number and % of voting rights held
 
 
 
The date until which the voting rights will be held
 
 
 
11. Additional Information 
 
The Capital Group Companies, Inc. ("CGC") is the parent company of Capital Research and Management Company ("CRMC") and Capital Bank & Trust Company ("CB&T"). CRMC is a U.S.-based investment management company that serves as investment manager to the American Funds family of mutual funds, other pooled investment vehicles, as well as individual and institutional clients. CRMC and its investment manager affiliates manage equity assets for various investment companies through three divisions, Capital Research Global Investors, Capital International Investors and Capital World Investors. CRMC is the parent company of Capital Group International, Inc. ("CGII"), which in turn is the parent company of six investment management companies ("CGII management companies"): Capital International, Inc., Capital International Limited, Capital International Sàrl, Capital International K.K., Capital Group Private Client Services Inc, and Capital Group Investment Management Private Limited. CGII management companies primarily serve as investment managers to institutional and high net worth clients. CB&T is a U.S.-based registered investment adviser and an affiliated federally chartered bank.
 
Neither CGC nor any of its affiliate's own shares of the Issuer for its own account. Rather, the shares reported on this Notification are owned by accounts under the discretionary investment management of one or more of the investment management companies described above.
 
  
12. Date of Completion
 
25-Mar-2026
 
13. Place Of Completion
 
Los Angeles
 
LEI: 2138005O9XJIJN4JPN90
 
 
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:
26 March 2026
 
 
By:
/s/ Mark Stevens
 
 
 
 
 
 
 
 
 
 
 
 
Name:
Mark Stevens
 
 
 
 
 
Title:
Assistant Secretary
 

FAQ

What change in major shareholding does NatWest Group (NWG) report?

NatWest reports that Capital Group’s aggregate holding fell slightly below 5%, to 4.991397% of voting rights, representing 1,592,753,108 voting rights in total, compared with a previous disclosed level of 5.005597%.

How many NatWest (NWG) voting rights does Capital Group now control?

Capital Group now controls 1,592,753,108 NatWest voting rights in total. This includes 1,494,329,588 voting rights from ordinary shares and 98,423,520 voting rights from depository receipts, together equating to 4.991397% of NatWest’s voting rights.

Does Capital Group use financial instruments for its NatWest (NWG) exposure?

No, the notification shows 0.000000% of NatWest voting rights held through financial instruments. All disclosed exposure, totaling 4.991397% of voting rights, comes from direct equity positions in ordinary shares and depository receipts, without reportable derivative or similar instruments.

How are Capital Group’s NatWest (NWG) holdings split between shares and depository receipts?

Capital Group’s NatWest position is mainly in ordinary shares, with 1,494,329,588 voting rights (4.682956%). Depository receipts account for a smaller portion, with 98,423,520 voting rights (0.308441%), bringing the combined holding to 4.991397% of voting rights.

Who actually owns the NatWest (NWG) shares managed by Capital Group?

The filing explains that neither The Capital Group Companies, Inc. nor its affiliates own NatWest shares for their own account. Instead, the shares are held by client accounts under discretionary investment management by Capital Group’s various investment management subsidiaries.

Which Capital Group entities are linked to the NatWest (NWG) shareholding?

Entities linked to the holding include Capital Research and Management Company, Capital Bank & Trust Company, and several Capital International and Capital Group affiliates, which manage equity assets for mutual funds, pooled vehicles, institutional clients, and high-net-worth investors.
Natwest Group Plc

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