NatWest Group (NYSE: NWG) repurchases shares for buyback and cancels stock

Rhea-AI Filing Summary

NatWest Group plc repurchased ordinary shares between 27 April and 1 May 2026 as part of its existing share buyback programme, with trades executed by UBS AG, London Branch.

Purchases were carried out on the LSE, CHIX and BATE venues, and the company intends to cancel the repurchased shares. After settlement, NatWest will hold 194,253,928 ordinary shares in treasury and have 7,968,726,731 ordinary shares in issue, excluding treasury shares.

Key Figures

Treasury shares after buyback: 194,253,928 shares Shares in issue: 7,968,726,731 shares Nominal value per share: £1.076923076923077 per share +2 more

5 metrics

Treasury shares after buyback 194,253,928 shares Ordinary shares held in treasury after settlement

Shares in issue 7,968,726,731 shares Ordinary shares in issue excluding treasury shares after settlement

Nominal value per share £1.076923076923077 per share Nominal value of each ordinary share

VWAP 27 April LSE 576.2972 GBp Volume weighted average price for 814,591 shares on LSE, 27 April 2026

VWAP 1 May LSE 562.4396 GBp Volume weighted average price for 1,469,461 shares on LSE, 1 May 2026

Key Terms

share buyback programme, treasury shares, Market Abuse Regulation, Legal Entity Identifier

4 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 194,253,928 Ordinary Shares in treasury and have 7,968,726,731 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.

Legal Entity Identifier regulatory

"Legal Entity Identifier: 2138005O9XJIJN4JPN90"

A legal entity identifier (LEI) is a unique, standardized code that functions like a global ID card for businesses and organizations involved in financial markets. It helps investors and regulators reliably identify who is on the other side of a deal, trace ownership and links between firms, and reduce confusion or fraud — improving transparency for reporting, risk assessment, and cross-border trades.

Form 6-K: How Foreign Companies Report to the SEC →

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

1 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
27 April 2026	814,591	581.4000	573.00	576.2972	LSE
27 April 2026	278,933	580.0000	573.00	576.0951	CHIX
27 April 2026	124,569	580.4000	573.00	576.1272	BATE
28 April 2026	341,493	580.0000	573.60	576.4278	LSE
28 April 2026	88,853	578.0000	573.40	575.9712	CHIX
28 April 2026	41,600	578.0000	573.40	576.1715	BATE
29 April 2026	967,196	579.6000	567.00	571.2705	LSE
29 April 2026	302,614	578.4000	567.40	571.3339	CHIX
29 April 2026	130,135	577.2000	568.00	571.1847	BATE
30 April 2026	211,681	574.0000	565.80	567.9399	LSE
30 April 2026	66,454	574.0000	566.00	567.8958	CHIX
30 April 2026	29,651	572.0000	566.00	567.3260	BATE
01 May 2026	1,469,461	573.4000	556.60	562.4396	LSE
01 May 2026	432,184	569.8000	556.60	562.3131	CHIX
01 May 2026	196,906	568.2000	557.20	562.4043	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 194,253,928 Ordinary Shares in treasury and have 7,968,726,731 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/8844C_1-2026-5-1.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:	01 May 2026			By:	/s/ Mark Stevens
				Name:	Mark Stevens
				Title:	Assistant Secretary

FAQ

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

NatWest Group plc reported that it repurchased ordinary shares between 27 April and 1 May 2026 under its existing share buyback programme. The trades were executed by UBS AG, London Branch, on several trading venues, and the company intends to cancel the repurchased shares.

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

Following settlement of the reported transactions, NatWest Group plc will hold 194,253,928 ordinary shares in treasury. Treasury shares are issued but not outstanding in the market, so they are excluded from the company’s share count used to calculate ownership and per-share metrics.

How many NatWest (NWG) ordinary shares remain in issue after the buybacks?

After these repurchases, NatWest Group plc will have 7,968,726,731 ordinary shares in issue, excluding treasury shares. This represents the number of shares considered outstanding for investors, as treasury shares are not counted in public float or voting calculations.

What is the nominal value of NatWest (NWG) ordinary shares?

Each NatWest Group plc ordinary share has a nominal value of £1.076923076923077. Nominal value is an accounting reference used for share capital, and does not necessarily reflect the market trading price of the shares on exchanges such as the LSE, CHIX or BATE.

Which trading venues were used for the NatWest (NWG) share repurchases?

NatWest Group plc’s repurchases were executed on three venues: the London Stock Exchange (LSE), CHIX and BATE. UBS AG, London Branch, carried out the trades on behalf of the company as part of the existing share buyback programme instructions.

Where can investors find detailed trade data for the NatWest (NWG) buyback?

Detailed individual trade data are provided via a linked PDF on the London Stock Exchange website. This breakdown is disclosed in accordance with Article 5(1)(b) of the Market Abuse Regulation, showing each trade executed by UBS AG, London Branch, for the buyback programme.