NatWest Group (NWG) continues buyback and plans to cancel shares

Rhea-AI Filing Summary

NatWest Group plc reported that on 26 February 2026 it repurchased ordinary shares under its existing share buyback programme through UBS AG, London Branch. The trades were executed on the LSE, CHIX and BATE at volume weighted average prices between 620.48 GBp and 622.06 GBp per share.

The company intends to cancel all shares bought back in these transactions. After settlement, NatWest held 217,836,303 ordinary shares in treasury and had 7,976,515,482 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

26 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
26 February 2026	323,014	627.60	614.80	622.06	LSE
26 February 2026	109,034	626.80	614.80	620.48	CHIX
26 February 2026	30,699	626.60	615.20	621.10	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 217,836,303 Ordinary Shares in treasury and have 7,976,515,482 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/6013U_1-2026-2-26.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:	26 February 2026			By:	/s/ Mark Stevens
				Name:	Mark Stevens
				Title:	Assistant Secretary

FAQ

What did NatWest Group plc (NWG) disclose in this 6-K filing?

NatWest Group plc disclosed that it repurchased ordinary shares on 26 February 2026 under its existing share buyback programme via UBS, with trades executed on LSE, CHIX and BATE at specified prices in GBp.

At what prices did NatWest Group (NWG) buy back its shares on 26 February 2026?

NatWest repurchased shares at volume weighted average prices between 620.48 GBp and 622.06 GBp per share, with highest individual prices up to 627.60 GBp and lowest down to 614.80 GBp across LSE, CHIX and BATE.

How many NatWest Group (NWG) shares are now in issue and in treasury?

Following these buybacks, NatWest holds 217,836,303 ordinary shares in treasury and has 7,976,515,482 ordinary shares in issue, excluding treasury shares, clarifying the company’s current capital structure after the reported transactions.

What will NatWest Group plc (NWG) do with the repurchased shares?

NatWest intends to cancel the repurchased ordinary shares. Cancellation permanently removes them from circulation, which typically reduces the number of shares in issue and can increase existing shareholders’ proportional ownership, subject to any future issuances.

Who executed NatWest Group’s (NWG) share repurchases on 26 February 2026?

The repurchases were executed by UBS AG, London Branch on behalf of NatWest Group plc. These trades were carried out under instructions issued by the company on 16 February 2026 as part of its existing share buyback programme.

On which trading venues did NatWest Group (NWG) buy back shares?

NatWest’s buyback trades on 26 February 2026 took place on three venues: the London Stock Exchange (LSE), CHIX, and BATE, with each venue having separately reported prices and volume weighted average prices in GBp.