NatWest Group (NWG) repurchases and cancels ordinary shares under buyback

Rhea-AI Filing Summary

NatWest Group plc reported that it repurchased several blocks of its own ordinary shares on 24 February 2026 from UBS AG, London Branch as part of its existing share buyback programme. Purchases included 515,731 shares on the LSE at a volume weighted average price of 601.89 GBp, 181,238 shares on CHIX at 601.79 GBp, and 42,109 shares on BATE at 602.23 GBp. The company intends to cancel all repurchased shares. After settlement, NatWest will hold 217,907,209 ordinary shares in treasury and have 7,977,374,965 ordinary shares in issue, excluding treasury shares.

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

February, 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

24 February 2026

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 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
24 February 2026	515,731	610.00	599.60	601.89	LSE
24 February 2026	181,238	606.60	599.40	601.79	CHIX
24 February 2026	42,109	605.20	599.60	602.23	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 217,907,209 Ordinary Shares in treasury and have 7,977,374,965 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/2399U_1-2026-2-24.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:	24 February 2026			By:	/s/ Mark Stevens
				Name:	Mark Stevens
				Title:	Assistant Secretary

FAQ

What did NatWest Group plc (NWG) announce in this Form 6-K?

NatWest Group plc announced that it repurchased ordinary shares from UBS AG on 24 February 2026 as part of its existing share buyback programme. These repurchases were made on multiple trading venues and the company intends to cancel all repurchased shares.

How many NatWest (NWG) shares were repurchased and on which venues?

NatWest repurchased 515,731 ordinary shares on the LSE, 181,238 shares on CHIX, and 42,109 shares on BATE on 24 February 2026. Each block was bought under its ongoing share buyback programme with UBS AG executing the trades.

What prices did NatWest (NWG) pay for the repurchased shares?

On 24 February 2026, NatWest paid volume weighted average prices of 601.89 GBp on the LSE, 601.79 GBp on CHIX, and 602.23 GBp on BATE. Each venue also reported specific highest and lowest trade prices in GBp for that day.

What will NatWest Group plc do with the repurchased shares?

NatWest intends to cancel all of the ordinary shares repurchased under this transaction. Cancelling these shares reduces the number of shares outstanding, which can increase each remaining share’s claim on future earnings, depending on the company’s overall financial performance.

How many NatWest (NWG) shares remain in issue and in treasury after the buyback?

Following settlement of these transactions, NatWest will hold 217,907,209 ordinary shares in treasury and have 7,977,374,965 ordinary shares in issue, excluding treasury shares. These figures reflect the updated capital structure after the reported buyback activity.

Who executed NatWest’s share repurchases and under what instructions?

UBS AG, London Branch executed the share repurchases on behalf of NatWest Group plc. The trades were carried out under instructions the company issued to UBS on 16 February 2026, which were previously announced as part of the ongoing buyback programme.