NatWest buys back shares under 2026 programme

NatWest Group plc reported that it bought back ordinary shares on 25 February 2026 as part of its existing share buyback programme.

Rhea-AI Filing Summary

NatWest Group plc reported that it bought back ordinary shares on 25 February 2026 as part of its existing share buyback programme. The purchases were made from UBS AG, London Branch across the LSE, CHIX and BATE trading venues at prices around 608–614 GBp per share.

The company intends to cancel all the repurchased shares. After settlement of these transactions, NatWest will hold 217,878,410 ordinary shares in treasury and will have 7,976,936,122 ordinary shares in issue, excluding treasury shares. Detailed trade-by-trade information is available via the linked schedule.

FAQ

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

NatWest Group plc disclosed that it repurchased ordinary shares on 25 February 2026 under its existing share buyback programme. The trades were executed through UBS across several venues, and the company intends to cancel all the shares bought back.

How many NatWest (NWG) shares are now in issue after this buyback?

After these buyback transactions settle, NatWest will have 7,976,936,122 ordinary shares in issue, excluding treasury shares. It will also hold 217,878,410 ordinary shares in treasury, reflecting shares previously repurchased and not currently counted as part of the public float.

At what prices did NatWest (NWG) repurchase its shares on 25 February 2026?

NatWest repurchased shares at prices between 607.80 GBp and 614.40 GBp on 25 February 2026. The volume-weighted average prices on the LSE, CHIX and BATE venues ranged from 609.96 GBp to 611.41 GBp, according to the aggregated trade data disclosed.

Is the NatWest (NWG) share repurchase part of a wider buyback programme?

Yes. The repurchases form part of NatWest’s existing share buyback programme and were carried out under instructions issued to UBS on 16 February 2026. These instructions, and the related programme, had already been publicly announced on that same date.

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

NatWest intends to cancel all the ordinary shares repurchased in these transactions. Cancellation removes the shares from circulation permanently, reducing the total number of shares in issue while leaving treasury share holdings and previously issued but uncancelled shares unaffected.

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

Investors can access a full breakdown of each individual trade executed by UBS on NatWest’s behalf via the linked PDF schedule. The link is provided in the disclosure and is hosted on the London Stock Exchange’s document publication platform.

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Accepted by SEC EDGAR 02/25/2026 - 01:30 PM EST 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

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

25 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
25 February 2026	342,773	614.40	608.20	611.41	LSE
25 February 2026	100,373	614.40	607.80	610.64	CHIX
25 February 2026	24,496	612.00	608.80	609.96	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 217,878,410 Ordinary Shares in treasury and have 7,976,936,122 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/4294U_1-2026-2-25.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:	25 February 2026			By:	/s/ Mark Stevens
				Name:	Mark Stevens
				Title:	Assistant Secretary