NatWest Group buys back own shares in April

NatWest Group plc reports that over the past week it purchased Ordinary Shares of £1.0769 nominal value each from UBS AG, London Branch as part of its share buyback activity.

Rhea-AI Filing Summary

NatWest Group plc reports that over the past week it purchased Ordinary Shares of £1.0769 nominal value each from UBS AG, London Branch as part of its share buyback activity. The Company intends to cancel all repurchased Ordinary Shares, reducing its share capital over time.

After settlement of these transactions, NatWest Group will hold 194,349,978 Ordinary Shares in treasury and will have 7,974,127,002 Ordinary Shares in issue excluding treasury shares. Individual trades were executed across venues including LSE, CHIX and BATE at volume weighted average prices around the high-500 to low-600 GBp range.

Key Figures

Treasury shares: 194,349,978 Ordinary Shares Shares in issue: 7,974,127,002 Ordinary Shares Sample purchase size: 1,061,942 Ordinary Shares +2 more

5 metrics

Treasury shares 194,349,978 Ordinary Shares Held in treasury following settlement of reported buybacks

Shares in issue 7,974,127,002 Ordinary Shares In issue excluding treasury shares after settlement

Sample purchase size 1,061,942 Ordinary Shares Bought on 20 April 2026 on LSE

Sample VWAP 609.0346 GBp per share Volume weighted average price on 20 April 2026 LSE trade

Ordinary Share nominal value £1.0769 per share Nominal value of each Ordinary Share repurchased

Key Terms

treasury shares, volume weighted average price, Market Abuse Regulation, Legal Entity Identifier

4 terms

treasury shares financial

"NWG will hold 194,349,978 Ordinary Shares in treasury and have 7,974,127,002 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.

volume weighted average price financial

"Volume weighted average price paid per share (GBp)"

The volume weighted average price (VWAP) is a way to measure the average price of a security, such as a stock, over a specific period, taking into account how many units were traded at each price. It’s similar to calculating the average cost of items bought when some are more frequently purchased than others. Investors use VWAP to assess whether a security is being bought or sold at a fair price during trading.

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.

FAQ

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

What did NatWest Group plc (NWG) disclose in this April 2026 report?

NatWest Group disclosed that it bought back Ordinary Shares from UBS over the past week. The repurchased shares will be cancelled, with detailed trade data, prices and venues provided, and updated figures for treasury holdings and total Ordinary Shares in issue.

How many NatWest Group Ordinary Shares remain in issue after these buybacks?

Following settlement of the reported transactions, NatWest Group will have 7,974,127,002 Ordinary Shares in issue, excluding treasury shares. It will also hold 194,349,978 Ordinary Shares in treasury as a result of its ongoing share repurchase programme.

What does NatWest Group plan to do with the repurchased Ordinary Shares?

NatWest Group intends to cancel the repurchased Ordinary Shares. Cancelling shares permanently removes them from circulation, which can reduce the total number of shares in issue and alter the balance between treasury stock and freely tradable shares.

Which trading venues were used for NatWest Group’s April 2026 buybacks?

The buyback trades were executed on the London Stock Exchange (LSE), CHIX and BATE. The report lists, for each venue and date, the number of Ordinary Shares purchased, highest and lowest prices, and the volume weighted average price per share in GBp.

Where can investors find detailed trade-level data for NatWest Group’s buybacks?

Detailed trade-level data is available in a linked PDF referenced in the report. This breakdown, provided under Market Abuse Regulation requirements, shows each individual trade executed by UBS on NatWest Group’s behalf as part of the share buyback programme.

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

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Accepted by SEC EDGAR 04/24/2026 - 01:26 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

24 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
20 April 2026	1,061,942	613.0000	606.00	609.0346	LSE
20 April 2026	369,367	612.8000	606.00	609.2892	CHIX
20 April 2026	160,459	612.6000	606.00	609.4900	BATE
21 April 2026	719,046	610.2000	601.40	604.9102	LSE
21 April 2026	250,708	610.0000	601.40	605.1711	CHIX
21 April 2026	114,088	610.0000	601.20	605.2311	BATE
22 April 2026	1,086,848	604.4000	591.40	595.2308	LSE
22 April 2026	335,647	600.8000	591.40	594.9258	CHIX
22 April 2026	140,273	600.4000	591.40	594.9992	BATE
23 April 2026	971,291	589.0000	579.20	582.6392	LSE
23 April 2026	335,943	588.4000	579.00	582.6931	CHIX
23 April 2026	145,211	588.0000	579.60	582.7175	BATE
24 April 2026	631,210	584.2000	575.60	579.3755	LSE
24 April 2026	259,637	583.4000	575.60	579.2282	CHIX
24 April 2026	112,174	583.8000	576.00	579.5889	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 194,349,978 Ordinary Shares in treasury and have 7,974,127,002 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/9083B_1-2026-4-24.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 April 2026			By:	/s/ Mark Stevens
				Name:	Mark Stevens
				Title:	Assistant Secretary