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

Rhea-AI Filing Summary

NatWest Group reports it purchased ordinary shares on 30 September 2025 as part of its existing share buyback programme executed by Merrill Lynch International (BofA). The aggregated disclosure lists "Number of Ordinary Shares purchased: 523.00" and "Lowest price paid: 519.43 GBp" as reported in the announcement.

The Company states it intends to cancel the repurchased Ordinary Shares. After settlement, NatWest Group will hold 230,987,739 Ordinary Shares in treasury and will have 8,041,282,486 Ordinary Shares in issue excluding treasury shares. A full breakdown of individual trades is provided via the linked RNS PDF.

Positive

• Repurchases form part of an active buyback programme, signaling management is returning capital to shareholders
• Company intends to cancel the repurchased shares, which will reduce issued share count and can be accretive to EPS
• Clear post-transaction share counts provided: 230,987,739 treasury shares and 8,041,282,486 shares outstanding (excluding treasury)

Negative

• None.

Insights

Financial Analyst

TL;DR: Buyback and planned cancellation reduce outstanding shares, potentially supporting EPS and shareholder value.

The reported transaction confirms continued execution of NatWest's share buyback programme through BofA on 30 September 2025. The notice provides an aggregated figure of "523.00" shares purchased and a lowest price paid of 519.43 GBp; the company intends to cancel the repurchased shares. Post-settlement treasury holdings of 230,987,739 shares and 8,041,282,486 shares outstanding (ex-treasury) are disclosed. For investors, ongoing buybacks and cancellations are typically accretive to per-share metrics, though the materiality depends on the precise volume and value of purchases relative to market capitalization, which is not provided here.

Risk Analyst

TL;DR: Transaction is a routine buyback disclosure; limited operational or credit risk implications disclosed.

The filing is a standard market-abuse-regulation disclosure of share repurchases executed under an existing programme. It indicates intent to cancel repurchased shares and provides treasury and outstanding share counts. The filing does not include details on aggregate spend, percentage of issued share capital repurchased, or impact on capital ratios, so direct assessment of capital, liquidity or regulatory effects cannot be made from this notice alone.

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

30 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
30-Sep-25	575,034	523.00	516.60	519.43	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 230,987,739 Ordinary Shares in treasury and have 8,041,282,486 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/4916B_1-2025-9-30.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:	30 September 2025			By:	/s/ Mark Stevens
				Name:	Mark Stevens
				Title:	Assistant Secretary

FAQ

What did NatWest Group (NWG) announce on 30 September 2025?

NatWest Group announced it purchased ordinary shares under its existing buyback programme on 30 September 2025 and intends to cancel the repurchased shares.

How many treasury shares will NatWest hold after settlement?

After settlement the Company will hold 230,987,739 Ordinary Shares in treasury.

What is NatWest's reported issued share count excluding treasury after this transaction?

The Company reports 8,041,282,486 Ordinary Shares in issue excluding treasury shares.

What purchase details are provided in the filing?

The aggregated information in the filing lists "Number of Ordinary Shares purchased: 523.00" and "Lowest price paid: 519.43 GBp", and directs readers to a linked RNS PDF for a full trade breakdown.

Who executed the buyback on NatWest's behalf?

Merrill Lynch International (BofA) executed the purchases pursuant to instructions from NatWest Group.