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

Rhea-AI Filing Summary

NatWest Group repurchased 882,803 ordinary shares on the London Stock Exchange at a lowest price of 512.80p per share as part of its ongoing buyback programme instructed to Merrill Lynch International on 25 July 2025. The Company intends to cancel the repurchased shares. After settlement the Company will hold 231,006,765 shares in treasury and will have 8,045,650,941 ordinary shares in issue excluding treasury shares. A full breakdown of individual trades executed by Merrill Lynch is available via the linked transaction report.

Positive

• Repurchase executed under existing buyback programme, showing active capital return
• Intent to cancel the repurchased shares, which will reduce diluted share count if completed
• Regulatory disclosure includes link to full trade breakdown, indicating transparency

Negative

• None.

Insights

Corporate Finance Analyst

TL;DR: NatWest executed a modest tranche of its announced buyback, reducing shares outstanding and signalling capital return intent.

The repurchase of 882,803 shares at a lowest price of 512.80p is a small but deliberate execution within the Company’s existing share buyback programme. The intention to cancel the repurchased shares is consistent with a capital management strategy to reduce diluted share count and potentially support EPS over time. The current post-settlement treasury balance of 231,006,765 shares and 8.045 billion shares outstanding (ex-treasury) provide clear scale for the programme’s remaining capacity. Trade-level details are available in the referenced transaction breakdown for precise timing and pricing analysis.

Corporate Governance Specialist

TL;DR: Disclosure follows regulatory standards and shows transparency on buyback execution and cancellation intent.

The announcement cites applicable Market Abuse Regulation provisions and provides a link to a full trade breakdown, meeting standard transparency expectations for issuer buybacks. Stating the instruction date and the plan to cancel repurchased shares clarifies the company’s intent and capital treatment. There are no governance red flags in the disclosed items; the filing is informational and procedural rather than signalling a material strategic shift.

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

23 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
23-Sep-25	882,803	518.60	512.80	516.09	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 231,006,765 Ordinary Shares in treasury and have 8,045,650,941 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/5201A_1-2025-9-23.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:	23 September 2025			By:	/s/ Mark Stevens
				Name:	Mark Stevens
				Title:	Assistant Secretary

FAQ

What shares did NatWest (RBSPF) buy in this transaction?

NatWest bought 882,803 ordinary shares on the LSE at a lowest price of 512.80p 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 settlement?

Following settlement the Company will hold 231,006,765 Ordinary Shares in treasury.

What is NatWest's share count outstanding after this transaction?

The Company will have 8,045,650,941 Ordinary Shares in issue excluding treasury shares.

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

The filing links to a detailed transaction report at the London Stock Exchange: http://www.rns-pdf.londonstockexchange.com/rns/5201A_1-2025-9-23.pdf.