REG - NatWest Group plc - Commencement of Share Buyback Programme

NatwestAnnouncement

16/02/2026 07:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260216:nRSP1440Ta&default-theme=true

RNS Number : 1440T  NatWest Group plc  16 February 2026

 

NatWest Group plc

16 February 2026

Commencement of Share Buyback Programme

NatWest Group plc (the "Company") announces the commencement of its programme
to buy back ordinary shares in the Company with a nominal value of £1.0769*
each ("Ordinary Shares").

On 9 February 2026, the Company announced a share buyback programme (the "2026
Programme") of up to £750 million.  The 2026 Programme will commence on 16
February 2026 and will end no later than 15 January 2027, provided that the
term of the 2026 Programme may be extended to end no later than 12 February
2027 to account for any days where usual trading has not been possible because
of market events during the term of the 2026 Programme.

The 2026 Programme, the purpose of which is to reduce the Company's issued
share capital, will take place within the limitations of the authority granted
by shareholders to the Board of the Company at its Annual General Meeting,
held on 23 April 2025.

 

The maximum number of Ordinary Shares that can be purchased by the Company
under the 2026 Programme is 650,000,000**.

 

The Company has entered into non-discretionary instructions with UBS AG,
London Branch to conduct the Programme on its behalf and to make trading
decisions under the Programme independently of the Company.

The Company intends to cancel the repurchased Ordinary Shares.

 

* The nominal value of Ordinary Shares without rounding is £1.076923076923077
per share.

** This number reflects a number lower than the authority taken at the 2025
AGM less the shares purchased or agreed to be purchased by the Company under
the previous buyback programme.

 

Further information:

 

Investor Relations

+ 44 (0)207 672 1758

 

Media Relations

+44 (0)131 523 4205

 

Legal Entity Identifier: 2138005O9XJIJN4JPN90

 

Disclaimer

This announcement is for information purposes only and does not constitute or
form a part of an offer to sell or a solicitation of an offer to purchase, or
the solicitation to sell, any securities of the Company.

 

Forward-looking statements

This announcement may include forward-looking statements within the meaning of
the United States Private Securities Litigation Reform Act of 1995, such as
statements with respect to NatWest Group's financial condition, results of
operations and business, including its strategic priorities, financial,
investment and capital targets, and climate and sustainability-related
targets, commitments and ambitions described herein. Statements that are not
historical facts, including statements about NatWest Group's beliefs and
expectations, are forward-looking statements. Words, such as 'expect',
'estimate', 'project', 'anticipate', 'commit', 'believe', 'should', 'intend',
'will', 'plan', 'could', 'target', 'goal', 'objective', 'may', 'outlook',
'prospects' and similar expressions or variations on these expressions are
intended to identify forward-looking statements. In particular, this
announcement may include forward-looking statements relating , but not limited
to: its 2026 Programme and the details thereto, NatWest Group's outlook,
guidance and targets (including in relation to RoTE, total income, other
operating expenses, loan impairment rate, capital generation
pre-distributions, customer assets and liabilities growth rate, cost-income
ratio, CET1 ratio, RWA levels and payment of dividends), its financial
position, profitability and financial performance, the implementation of its
strategy, its access to adequate sources of liquidity and funding, its
regulatory capital position and related requirements, its impairment losses
and credit exposures under certain specified scenarios, substantial regulation
and oversight, ongoing legal, regulatory and governmental actions and
investigations. Forward-looking statements are subject to a number of risks
and uncertainties that might cause actual results and performance to differ
materially from any expected future results or performance expressed or
implied by the forward-looking statements. Factors that could cause or
contribute to differences in current expectations include, but are not limited
to, future growth initiatives (including acquisitions, joint ventures and
strategic partnerships), the outcome of legal, regulatory and governmental
actions and investigations, the level and extent of future impairments and
write-downs, legislative, political, fiscal and regulatory developments,
accounting standards, competitive conditions, technological developments such
as artificial intelligence, interest and exchange rate fluctuations, general
economic and political conditions and uncertainties, exposure to third party
risk, operational risk, conduct risk, cyber, data and IT risk, financial crime
risk, key person risk and credit rating risk and the impact of climate and
sustainability-related risks and the transitioning to a net zero economy.
These and other factors, risks and uncertainties that may impact any
forward-looking statement or NatWest Group plc's actual results are discussed
in NatWest Group plc's 2025 Annual Report and Accounts on Form 20-F, and its
other public filings. The forward-looking statements contained in this
announcement speak only as of the date of this announcement and NatWest Group
plc does not assume or undertake any obligation or responsibility to update
any of the forward-looking statements contained in this announcement, whether
as a result of new information, future events or otherwise, except to the
extent legally required.

No Purchases in the United States and No Purchases of American Depositary
Receipts ("ADRs")

Purchases of Ordinary Shares under the Programme will be made outside the
United States only. There will be no purchases of Ordinary Shares from within
the United States or from persons known to be located in the United States,
and there will be no purchases of the Company's ADRs under the Programme.

 

 

This number reflects the impact on the 2025 Authority by the number of shares
purchased to date by the Company under the ongoing share buyback programme
announced on 31 July 2025 (the "2025 Programme").This number does not take
into account further purchases of Ordinary Shares which (i) may have taken
place but have not, at the date of this announcement, settled under the 2025
Programme or (ii) may take place under the 2025 Programme between the date of
this announcement and the conclusion of the 2025 Programme. These remaining
purchases under the 2025 Programme may occur whilst purchases are taking place
under the 2024 Programme

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCGRGDDGBBDGLL



            Copyright 2019 Regulatory News Service, all rights reserved