[6-K] NatWest Group plc Current Report (Foreign Issuer)

Rhea-AI Filing Summary

NatWest Group repurchased 742,453 ordinary shares through Merrill Lynch International as part of its ongoing buyback programme, at a lowest reported price of 539 GBp per share. The company says these shares will be cancelled. After settlement the group will hold 230,956,798 shares in treasury and will have 8,039,851,266 shares in issue excluding treasury.

The trades were executed under instructions given to the broker on 25 July 2025 and were previously announced on 28 July 2025. A full breakdown of individual trades is published in the linked transaction schedule.

Positive

• Repurchase executed under existing buyback programme, showing active capital return
• Shares to be cancelled, reducing the issued share count when settled
• Detailed trade disclosure published, increasing execution transparency

Negative

• Transaction size is modest (742,453 shares) and unlikely to meaningfully boost per‑share metrics
• Lowest price reported does not indicate average cost; full programme cost unclear without aggregated figures

Insights

Corporate Finance Analyst

Small, routine buyback; reduces share count and signals capital return.

The purchase of 742,453 shares at a lowest price of 539.00 GBp is a modest tranche within the announced buyback programme and will reduce outstanding shares when cancelled. The stated intention to cancel the repurchased stock is a straightforward method to return capital to shareholders by lowering the share base.

The transaction depends on the ongoing buyback mandate and available capital; materially larger purchases would be required to change per‑share metrics meaningfully. Investors can monitor the published trade breakdown for execution pace and aggregate spend over the programme.

Equity Markets Strategist

Execution detail helps assess programme pace and market impact.

Reporting the exact lot size and lowest price gives transparency about execution costs and dealer involvement (Merrill Lynch International). With 230,956,798 shares in treasury and 8,039,851,266 shares outstanding excluding treasury, the repurchase is small relative to total issued stock and unlikely to move EPS materially on its own.

Watch the cumulative volume and average price in the published trade schedule to gauge whether the programme is being accelerated; short‑term market impact will be visible only if future tranches are substantially larger or priced significantly below/above current levels.

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

October, 2025

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

07 October 2025

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 Merrill Lynch International ("BofA").

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
07-Oct-25	742,453	544.80	539.00	541.61	LSE

* 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 BofA on 25 July 2025, as announced on 28 July 2025.

The Company intends to cancel the repurchased Ordinary Shares.

Following the settlement of the above transactions, the Company will hold 230,956,798 Ordinary Shares in treasury and have 8,039,851,266 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 BofA on behalf of the Company as part of the buyback programme is detailed in the attached: http://www.rns-pdf.londonstockexchange.com/rns/4536C_1-2025-10-7.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:	07 October 2025			By:	/s/ Mark Stevens
				Name:	Mark Stevens
				Title:	Assistant Secretary

FAQ

What did NatWest Group (NWG) purchase under the buyback?

NatWest Group purchased 742,453 ordinary shares through Merrill Lynch International as part of its existing buyback programme.

At what price were the NatWest (NWG) shares bought?

The lowest price paid in this reported tranche was 539 GBp per share.

Will the repurchased NatWest (NWG) shares be cancelled or held in treasury?

The company has stated it intends to cancel the repurchased ordinary shares; after settlement it will hold 230,956,798 shares in treasury.

How many NatWest (NWG) shares will remain in issue after this transaction?

Following settlement the company will have 8,039,851,266 ordinary shares in issue, excluding treasury shares.

Where can I find a full breakdown of the individual trades?

A full breakdown of individual trades executed by the broker is available in the linked transaction schedule published with the announcement.