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NatWest Group (NYSE: NWG) reports May 2026 share repurchases

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

Rhea-AI Filing Summary

NatWest Group plc reports that over the past week it has repurchased ordinary shares with a nominal value of £1.0769 each from UBS AG, London Branch as part of its buyback programme. Purchases were executed on the LSE, CHIX and BATE at prices ranging from about 557 GBp to 572 GBp per share, with volume weighted average prices disclosed for each trade.

The company states that it intends to cancel the repurchased ordinary shares. After settlement of these transactions, NatWest Group will hold 182,057,726 ordinary shares in treasury and have 7,973,679,077 ordinary shares in issue, excluding treasury shares.

Positive

  • None.

Negative

  • None.
Treasury shares after buyback 182,057,726 shares Ordinary shares held in treasury after settlement
Shares in issue 7,973,679,077 shares Ordinary shares in issue excluding treasury after settlement
Nominal value per share £1.0769 per share Nominal value of each ordinary share repurchased
Lowest repurchase price 557.20 GBp Lowest price paid among disclosed buyback trades
Highest repurchase price 572.0000 GBp Highest price paid among disclosed buyback trades
Example VWAP 559.2774 GBp Volume weighted average price on 18 May 2026 (LSE trade)
treasury shares financial
"the Company will hold 182,057,726 Ordinary Shares in treasury and have 7,973,679,077 Ordinary Shares in issue"
Treasury shares are a company’s own stock that it has repurchased and keeps on its books instead of canceling or leaving in the hands of outside investors. Think of them like coupons a business puts back in a drawer: they don’t vote or receive dividends while held, but they can be reissued later for employee pay or fundraising. For investors this matters because buybacks change the number of shares that count toward earnings and ownership, can boost per‑share metrics, and use corporate cash that might otherwise go to growth or dividends.
volume weighted average price financial
"Volume weighted average price paid per share (GBp)"
The volume weighted average price (VWAP) is a way to measure the average price of a security, such as a stock, over a specific period, taking into account how many units were traded at each price. It’s similar to calculating the average cost of items bought when some are more frequently purchased than others. Investors use VWAP to assess whether a security is being bought or sold at a fair price during trading.
Market Abuse Regulation regulatory
"In accordance with Article 5(1)(b) of Regulation (EU) No.596/2014 as it applies in the UK (Market Abuse Regulation)"
Market abuse regulation consists of laws and rules designed to prevent dishonest or manipulative practices in financial markets. It aims to ensure fair and transparent trading, so investors can trust that markets operate honestly, much like rules that keep a game fair. By reducing unfair advantages, it helps protect investor confidence and promotes healthy, efficient markets.

 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
 
May, 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:
 
 
 
 
 
 
 
 
NatWest Group plc
 
 
 
 
 
22 May 2026
 
 
 
 
 
 
Transaction in Own Shares
 
 
 
 
 
NatWest Group plc (the 'Company') announces that, over the past week, it has purchased the following number of ordinary shares in the Company with a nominal value of £1.0769* each ('Ordinary Shares') from UBS AG, London Branch ('UBS').
 
 
 
 
 
 
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
18 May 2026
283,658
562.8000
557.40
559.2774
LSE
18 May 2026
74,716
562.0000
557.60
559.3069
CHIX
18 May 2026
31,189
561.0000
557.20
558.8724
BATE
19 May 2026
52,000
566.0000
565.60
565.9291
LSE
19 May 2026
16,979
566.0000
565.80
565.9416
CHIX
19 May 2026
8,004
566.0000
565.80
565.9367
BATE
20 May 2026
228,241
567.8000
560.00
565.1472
LSE
20 May 2026
77,859
567.8000
562.00
565.2402
CHIX
20 May 2026
35,593
567.6000
562.00
564.5299
BATE
21 May 2026
8,857
572.0000
571.60
571.8738
LSE
21 May 2026
3,400
572.0000
572.00
572.0000
CHIX
21 May 2026
2,559
571.8000
571.80
571.8000
BATE
 
 
 
 
 
 
* 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 UBS on 16 February 2026, as announced on 16 February 2026.
 
 
 
 
 
 
The Company intends to cancel the repurchased Ordinary Shares.
 
 
 
 
 
 
 
Following the settlement of the above transactions, the Company will hold 182,057,726 Ordinary Shares in treasury and have 7,973,679,077 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 UBS on behalf of the Company as part of the buyback programme relating to the Transactions is detailed in the attached:
http://www.rns-pdf.londonstockexchange.com/rns/5369F_1-2026-5-22.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:
22 May 2026
 
 
By:
/s/ Mark Stevens
 
 
 
 
 
 
 
 
 
 
 
 
Name:
Mark Stevens
 
 
 
 
 
Title:
Assistant Secretary
 

FAQ

What did NatWest Group (NWG) announce in this May 2026 report?

NatWest Group announced that it repurchased ordinary shares from UBS AG over the past week as part of its share buyback programme. The purchases were made on UK trading venues and the company plans to cancel the repurchased shares.

At what prices did NatWest Group (NWG) repurchase its shares?

NatWest Group repurchased shares at prices between roughly 557 GBp and 572 GBp per share. For each trading day and venue, the company disclosed highest, lowest and volume weighted average prices in GBp for the ordinary shares bought back.

How many NatWest Group (NWG) shares will be in issue after these buybacks?

Following settlement of these transactions, NatWest Group will have 7,973,679,077 ordinary shares in issue, excluding treasury shares. The company will also hold 182,057,726 ordinary shares in treasury after completing this week’s repurchases from UBS AG.

What does NatWest Group (NWG) plan to do with the repurchased shares?

NatWest Group intends to cancel the ordinary shares it repurchased from UBS AG. Cancelling repurchased shares permanently removes them from circulation, which leaves remaining shareholders owning a larger proportion of the total shares outstanding.

Which trading venues handled NatWest Group (NWG) share repurchases?

The repurchases were executed on the London Stock Exchange (LSE), the Cboe Europe CXE order book (CHIX), and the Cboe Europe BXE order book (BATE). Each venue’s trades, prices and volume weighted average prices were listed for transparency.

How can investors access detailed NatWest Group (NWG) trade data for this buyback?

NatWest Group provided a link to a PDF containing a full breakdown of individual trades executed by UBS on its behalf. The document sets out each transaction under the UK Market Abuse Regulation, giving granular detail of the buyback activity.