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

Rhea-AI Filing Summary

NatWest Group plc purchased 1,123,370 ordinary shares at a lowest price of 520.60 GBp per share as part of its ongoing buyback programme executed by Merrill Lynch International (BofA). The company says it intends to cancel the repurchased shares. After settlement NatWest will hold 231,011,812 shares in treasury and will have 8,051,764,076 ordinary shares in issue excluding treasury. The announcement notes the precise nominal value per share as £1.076923076923077 and provides a link to the full trade breakdown.

Insights

Financial Analyst

TL;DR Routine buyback executed under the announced programme; moderate capital return with cancellation planned.

The purchase of 1.12 million shares at 520.60 GBp is a straightforward share repurchase under the company's existing authority. Cancellation of the shares indicates a net reduction in share capital once completed, which is typically accretive to remaining shareholders' ownership percentages. The scale relative to total issued shares appears small given the 8.05 billion shares outstanding (ex-treasury), so immediate per-share earnings impact should be limited. Disclosure of the trade breakdown via the provided link satisfies transparency requirements under the Market Abuse Regulation.

Corporate Governance Expert

TL;DR Proper procedural disclosure of buyback trades and intention to cancel; aligns with governance best practices for buybacks.

The filing identifies the executing broker, price, quantity, and confirms the transaction forms part of the previously announced programme, consistent with regulatory expectations. Intention to cancel repurchased shares is explicitly stated, which clarifies the company's capital treatment. The update also reports post-transaction treasury and issued share counts, enabling stakeholders to assess dilution effects. No governance concerns are apparent from the disclosed details.

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

September, 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

18 September 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
18-Sep-25	1,123,370	528.20	520.60	523.78	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 231,011,812 Ordinary Shares in treasury and have 8,051,764,076 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/9596Z_1-2025-9-18.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:	18 September 2025			By:	/s/ Mark Stevens
				Name:	Mark Stevens
				Title:	Assistant Secretary

FAQ

What shares did NatWest (RBSPF) buy back?

The company purchased 1,123,370 ordinary shares at a lowest price of 520.60 GBp per share.

Will NatWest cancel the repurchased shares?

Yes. The company states it intends to cancel the repurchased Ordinary Shares.

How many shares will NatWest hold in treasury after these transactions?

Following settlement, NatWest will hold 231,011,812 Ordinary Shares in treasury.

What is the number of NatWest shares outstanding excluding treasury after the buyback?

The company reports 8,051,764,076 Ordinary Shares in issue excluding treasury shares.

Where can I find the detailed breakdown of the individual trades?

The filing provides a link to a full trade breakdown: http://www.rns-pdf.londonstockexchange.com/rns/9596Z_1-2025-9-18.pdf.