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

Rhea-AI Filing Summary

NatWest Group plc announced that on 22 September 2025 it purchased 2,053,799 ordinary shares at a lowest price of 504.20 GBp per share through Merrill Lynch International (BofA) on the LSE as part of its ongoing share buyback programme. The purchases were effected under instructions given on 25 July 2025 and the Company intends to cancel the repurchased shares. After settlement the Company will hold 231,008,447 shares in treasury and will have 8,046,532,062 ordinary shares in issue excluding treasury shares. A full trade breakdown is available at the provided RNS PDF link.

Positive

• Buyback continuation: Repurchase forms part of the Company's existing share buyback programme, showing consistency in capital return policy.
• Cancellation intention: The Company intends to cancel the repurchased Ordinary Shares, which will reduce issued share capital when completed.
• Transparency: Detailed trade breakdown is provided via RNS PDF and the filing discloses venue, number of shares and lowest price paid.

Negative

• None.

Insights

Equity Research Analyst

TL;DR Routine share repurchase; modest reduction in outstanding shares, no new guidance or operational disclosures.

The transaction reflects a continuation of NatWest's existing buyback programme rather than a new capital policy. The repurchase of 2,053,799 shares at a lowest price of 504.20 GBp is small relative to the reported post-transaction share count of 8.046 billion outstanding (ex-treasury), so the near-term EPS impact is likely immaterial. The Company intends to cancel the repurchased shares, which will reduce issued share capital when completed. No financial results, guidance changes, or material corporate actions accompany this filing.

Corporate Governance Specialist

TL;DR Governance action aligns with an existing programme; cancellation intention disclosed.

The filing complies with transparency requirements by disclosing the number of shares repurchased, execution venue, and lowest price paid, and by referencing the detailed trade breakdown. Stating the intention to cancel the repurchased shares is governance-relevant because it affects issued share capital and future voting/tax positions. The transaction was executed through an appointed broker under previously announced instructions, indicating procedural continuity rather than a change in capital return policy.

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

22 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
22-Sep-25	2,053,799	512.00	504.20	509.79	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 231,008,447 Ordinary Shares in treasury and have 8,046,532,062 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/3234A_1-2025-9-22.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:	22 September 2025			By:	/s/ Mark Stevens
				Name:	Mark Stevens
				Title:	Assistant Secretary

FAQ

How many shares did NatWest (RBSPF) purchase on 22 September 2025?

The Company purchased 2,053,799 ordinary shares.

At what price were the NatWest shares bought in this transaction?

The lowest price paid reported in the filing was 504.20 GBp per share.

Will NatWest cancel the repurchased shares?

Yes. The filing states the Company intends to cancel the repurchased Ordinary Shares.

How many treasury and outstanding shares will NatWest have after settlement?

After settlement the Company will hold 231,008,447 shares in treasury and have 8,046,532,062 ordinary shares in issue excluding treasury shares.

Which broker executed the buyback and on what venue?

Merrill Lynch International (BofA) executed the trades on the LSE.