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NatWest Group (NYSE: NWG) details April share buybacks and treasury stock

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

NatWest Group plc reports that over the past week it purchased Ordinary Shares of £1.0769 nominal value each from UBS AG, London Branch as part of its share buyback activity. The Company intends to cancel all repurchased Ordinary Shares, reducing its share capital over time.

After settlement of these transactions, NatWest Group will hold 194,349,978 Ordinary Shares in treasury and will have 7,974,127,002 Ordinary Shares in issue excluding treasury shares. Individual trades were executed across venues including LSE, CHIX and BATE at volume weighted average prices around the high-500 to low-600 GBp range.

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Treasury shares 194,349,978 Ordinary Shares Held in treasury following settlement of reported buybacks
Shares in issue 7,974,127,002 Ordinary Shares In issue excluding treasury shares after settlement
Sample purchase size 1,061,942 Ordinary Shares Bought on 20 April 2026 on LSE
Sample VWAP 609.0346 GBp per share Volume weighted average price on 20 April 2026 LSE trade
Ordinary Share nominal value £1.0769 per share Nominal value of each Ordinary Share repurchased
treasury shares financial
"NWG will hold 194,349,978 Ordinary Shares in treasury and have 7,974,127,002 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.
 

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
 
 
 
 
 
24 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
 
20 April 2026
 
1,061,942
613.0000
606.00
609.0346
LSE
 
20 April 2026
 
369,367
612.8000
606.00
609.2892
CHIX
 
20 April 2026
 
160,459
612.6000
606.00
609.4900
BATE
 
21 April 2026
 
719,046
610.2000
601.40
604.9102
LSE
 
21 April 2026
 
250,708
610.0000
601.40
605.1711
CHIX
 
21 April 2026
 
114,088
610.0000
601.20
605.2311
BATE
 
22 April 2026
 
1,086,848
604.4000
591.40
595.2308
LSE
 
22 April 2026
 
335,647
600.8000
591.40
594.9258
CHIX
 
22 April 2026
 
140,273
600.4000
591.40
594.9992
BATE
 
23 April 2026
 
971,291
589.0000
579.20
582.6392
LSE
 
23 April 2026
 
335,943
588.4000
579.00
582.6931
CHIX
 
23 April 2026
 
145,211
588.0000
579.60
582.7175
BATE
 
24 April 2026
 
631,210
584.2000
575.60
579.3755
LSE
  
24 April 2026
 
259,637
583.4000
575.60
579.2282
CHIX
 
24 April 2026
 
112,174
583.8000
576.00
579.5889
BATE
 
 
 
 
 
 
* 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 194,349,978 Ordinary Shares in treasury and have 7,974,127,002 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/9083B_1-2026-4-24.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:
24 April 2026
 
 
By:
/s/ Mark Stevens
 
 
 
 
 
 
 
 
 
 
 
 
Name:
Mark Stevens
 
 
 
 
 
Title:
Assistant Secretary
 

FAQ

What did NatWest Group plc (NWG) disclose in this April 2026 report?

NatWest Group disclosed that it bought back Ordinary Shares from UBS over the past week. The repurchased shares will be cancelled, with detailed trade data, prices and venues provided, and updated figures for treasury holdings and total Ordinary Shares in issue.

How many NatWest Group Ordinary Shares remain in issue after these buybacks?

Following settlement of the reported transactions, NatWest Group will have 7,974,127,002 Ordinary Shares in issue, excluding treasury shares. It will also hold 194,349,978 Ordinary Shares in treasury as a result of its ongoing share repurchase programme.

What does NatWest Group plan to do with the repurchased Ordinary Shares?

NatWest Group intends to cancel the repurchased Ordinary Shares. Cancelling shares permanently removes them from circulation, which can reduce the total number of shares in issue and alter the balance between treasury stock and freely tradable shares.

Which trading venues were used for NatWest Group’s April 2026 buybacks?

The buyback trades were executed on the London Stock Exchange (LSE), CHIX and BATE. The report lists, for each venue and date, the number of Ordinary Shares purchased, highest and lowest prices, and the volume weighted average price per share in GBp.

Where can investors find detailed trade-level data for NatWest Group’s buybacks?

Detailed trade-level data is available in a linked PDF referenced in the report. This breakdown, provided under Market Abuse Regulation requirements, shows each individual trade executed by UBS on NatWest Group’s behalf as part of the share buyback programme.