NatWest Group buys back own shares for cancellation

NatWest Group plc reports that it has repurchased ordinary shares as part of its existing share buyback programme, with trades executed by UBS AG, London Branch on 16 and 17 April 2026 across the LSE, CHIX and BATE venues.

Rhea-AI Filing Summary

NatWest Group plc reports that it has repurchased ordinary shares as part of its existing share buyback programme, with trades executed by UBS AG, London Branch on 16 and 17 April 2026 across the LSE, CHIX and BATE venues.

The purchases were made at prices ranging from 610.80 GBp to 622.8000 GBp per ordinary share, which has a nominal value of £1.076923076923077. NatWest intends to cancel the repurchased shares.

After settlement of these transactions, the group will hold 194,486,438 ordinary shares in treasury and have 7,980,684,386 ordinary shares in issue, excluding treasury shares.

Key Figures

Treasury shares: 194,486,438 shares Shares in issue: 7,980,684,386 shares Nominal value per ordinary share: £1.076923076923077 per share +3 more

6 metrics

Treasury shares 194,486,438 shares Held in treasury after settlement of April 2026 buybacks

Shares in issue 7,980,684,386 shares Ordinary shares in issue excluding treasury after reported transactions

Nominal value per ordinary share £1.076923076923077 per share Stated nominal value of NatWest Group ordinary shares

Highest price paid 622.8000 GBp per share Maximum price in disclosed April 2026 buybacks

Lowest price paid 610.80 GBp per share Minimum price in disclosed April 2026 buybacks

VWAP 17 April 2026 LSE 613.8220 GBp per share Volume weighted average price for LSE trades on 17 April 2026

Key Terms

share buyback programme, treasury shares, Market Abuse Regulation

3 terms

share buyback programme financial

"Such purchases form part of the Company's existing share buyback programme"

A share buyback programme is when a company uses its cash to purchase its own shares from the market, reducing the number of shares available to other investors; imagine a bakery buying back coupons so fewer are circulating. It matters because cutting the share count can boost earnings per share and increase each remaining investor’s ownership stake, and it also signals management’s view of the stock while using cash that could have been spent on other priorities.

treasury shares financial

"NWG will hold 194,486,438 Ordinary Shares in treasury and have 7,980,684,386 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.

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did NatWest Group (NWG) announce in its April 2026 Form 6-K?

NatWest Group announced recent purchases of its own ordinary shares under an existing share buyback programme. UBS AG, London Branch executed the trades on 16 and 17 April 2026 across multiple trading venues at specified price ranges.

How many NatWest Group (NWG) shares are in issue after the buyback?

Following settlement of the reported buybacks, NatWest Group states it will have 7,980,684,386 ordinary shares in issue, excluding treasury shares. This figure reflects the updated capital structure after the purchased shares are intended to be cancelled.

How many NatWest Group (NWG) shares are held in treasury after these transactions?

After completing and settling these buyback transactions, NatWest Group reports holding 194,486,438 ordinary shares in treasury. Treasury shares are not counted as shares in public circulation and can be used for future corporate purposes or remain cancelled.

What prices did NatWest Group (NWG) pay for its share buybacks?

The disclosed trades show prices between 610.80 GBp and 622.8000 GBp per ordinary share. Volume weighted average prices for the trades on 16 and 17 April 2026 range around the low 600s GBp across LSE, CHIX and BATE venues.

Who executed NatWest Group’s (NWG) April 2026 share repurchases?

UBS AG, London Branch executed the ordinary share purchases on behalf of NatWest Group. These trades form part of an existing share buyback programme, following instructions the company issued to UBS and previously announced on 16 February 2026.

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

NatWest Group states that it intends to cancel the repurchased ordinary shares. Cancelling shares permanently removes them from circulation, which can reduce the total number of shares in issue relative to the company’s previous capital structure.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/17/2026 - 01:24 PM EDT Learn about SEC filing dates

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

April, 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

17 April 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
16 April 2026	283,000	622.0000	617.00	619.1966	LSE
16 April 2026	103,000	622.0000	617.20	619.2443	CHIX
16 April 2026	11,000	622.0000	617.80	621.0903	BATE
17 April 2026	354,673	622.8000	610.80	613.8220	LSE
17 April 2026	111,884	616.0000	611.60	613.2330	CHIX
17 April 2026	50,843	620.6000	610.80	613.6887	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, NWG will hold 194,486,438 Ordinary Shares in treasury and have 7,980,684,386 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/0041B_1-2026-4-17.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:	17 April 2026			By:	/s/ Mark Stevens
				Name:	Mark Stevens
				Title:	Assistant Secretary