NatWest Group (NWG) ramps up March 2026 share buybacks and treasury holdings

Rhea-AI Filing Summary

NatWest Group plc reported that over the past week it repurchased ordinary shares from UBS AG London Branch as part of its buyback programme. On 30 March 2026, it bought 208,535 shares on the LSE at a highest price of 545.2000 GBp and 222,743 shares on BATE with the same highest price. On 31 March 2026, it bought 153,802 shares on the LSE at a highest price of 550.0000 GBp. The company intends to cancel the repurchased shares. Following settlement, NatWest Group will hold 194,949,527 ordinary shares in treasury and have 7,981,138,520 ordinary shares in issue excluding treasury shares.

Key Figures

Shares bought 30 Mar 2026 (LSE): 208,535 shares Shares bought 30 Mar 2026 (BATE): 222,743 shares Shares bought 31 Mar 2026 (LSE): 153,802 shares +2 more

5 metrics

Shares bought 30 Mar 2026 (LSE) 208,535 shares Ordinary shares repurchased on London Stock Exchange at up to 545.2000 GBp

Shares bought 30 Mar 2026 (BATE) 222,743 shares Ordinary shares repurchased on BATE at up to 545.2000 GBp

Shares bought 31 Mar 2026 (LSE) 153,802 shares Ordinary shares repurchased on London Stock Exchange at up to 550.0000 GBp

Treasury shares after settlement 194,949,527 shares Ordinary shares held in treasury following reported buybacks

Shares in issue excluding treasury 7,981,138,520 shares Ordinary shares in issue after settlement, excluding treasury shares

Key Terms

treasury shares, volume weighted average price, Market Abuse Regulation, Legal Entity Identifier, +1 more

5 terms

treasury shares financial

"NWG will hold 194,949,527 Ordinary Shares in treasury and have 7,981,138,520 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.

buyback programme financial

"as part of the buyback programme relating to the Transactions"

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

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
2 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
30 March 2026	208,535	545.2000	534.00	542.7442	LSE
30 March 2026	222,743	545.2000	536.00	542.6705	BATE
31 March 2026	153,802	550.0000	547.40	549.8374	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 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 194,949,527 Ordinary Shares in treasury and have 7,981,138,520 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/3373Z_1-2026-4-2.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:	02 April 2026			By:	/s/ Mark Stevens
				Name:	Mark Stevens
				Title:	Assistant Secretary

FAQ

What did NatWest Group plc (NWG) announce in this 6-K filing?

NatWest Group plc announced it repurchased ordinary shares from UBS AG London Branch under its buyback programme. The purchases occurred over the prior week and the company intends to cancel the repurchased shares, reducing the number of shares in circulation over time.

On which dates did NatWest Group plc (NWG) repurchase shares and where were they traded?

NatWest Group plc repurchased shares on 30 March 2026 and 31 March 2026. Trades took place on the London Stock Exchange and on the BATE trading venue, reflecting activity across multiple markets during the company’s ongoing share buyback programme.

What prices did NatWest Group plc (NWG) pay for the repurchased shares?

The company reported highest prices of 545.2000 GBp on 30 March 2026 trades and 550.0000 GBp on 31 March 2026. It also disclosed lowest prices and volume weighted average prices in GBp for each trading venue involved in the repurchases.

How many NatWest Group plc (NWG) shares are now in issue and in treasury?

After settling these transactions, NatWest Group plc will hold 194,949,527 ordinary shares in treasury and have 7,981,138,520 ordinary shares in issue, excluding treasury shares. These figures show the current share structure following the latest buyback activity.

What does NatWest Group plc (NWG) plan to do with the repurchased shares?

NatWest Group plc states that it intends to cancel the repurchased ordinary shares. Cancelling repurchased shares permanently removes them from circulation, which can affect metrics such as earnings per share because there are fewer shares outstanding after cancellation.

Where can investors find detailed trade data for NatWest Group plc (NWG) buybacks?

Detailed individual trade data executed by UBS on behalf of NatWest Group plc is available via a linked PDF on the London Stock Exchange website. This breakdown is provided in accordance with Article 5(1)(b) of the UK Market Abuse Regulation requirements.