REG - NatWest Group plc - Form TR-1: Notification of major holdings

NatwestAnnouncement

24/03/2021 14:45

RNS Number : 3794T
  
NatWest Group plc
  
24 March 2021
  
 

TR-1: Standard form for notification of major holdings
 



NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i










1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: 


NatWest Group plc




1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)




Non-UK issuer








2. Reason for the notification (please mark the appropriate box or boxes with an "X")




An acquisition or disposal of voting rights








An acquisition or disposal of financial instruments








An event changing the breakdown of voting rights


x




Other (please specify)iii:








3. Details of person subject to the notification obligationiv




Name


The Commissioners of Her Majesty's Treasury




City and country of registered office (if applicable)


London, England




4. Full name of shareholder(s) (if different from 3.)v




Name


The Solicitor for the Affairs of Her Majesty's Treasury




City and country of registered office (if applicable)


London, England




5. Date on which the threshold was crossed or reachedvi:


23 March 2021




6. Date on which issuer notified (DD/MM/YYYY):


24 March 2021




7. Total positions of person(s) subject to the notification obligation








% of voting rights attached to shares (total of 8. A)


% of voting rights through financial instruments

(total of 8.B 1 + 8.B 2)


Total of both in % (8.A + 8.B)


Total number of voting rights of issuervii




Resulting situation on the date on which threshold was crossed or reached


59.76%  
 
(which is an increase from the previous notification due to 590,730,325 Ordinary Shares of £1 each being 
cancelled / held in treasury by NatWest Group plc on 23 March 2021 following settlement of the off-market purchase of such Ordinary Shares on 19 March 2021)  






59.76%  
 
(which is an increase from the previous notification due to 590,730,325 Ordinary Shares of £1 each being 
cancelled / held in treasury by NatWest Group plc on 23 March 2021 following settlement of the off-market purchase of such Ordinary Shares on 19 March 2021)  


46,306,941,708




Position of previous notification (if 
applicable)


56.86%






56.86%
















 



 


8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii




 


A: Voting rights attached to shares




 


Class/type of

shares
ISIN code (if possible)


Number of voting rightsix


% of voting rights




 


Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)


Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)


Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)


Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)




 


Ordinary Shares of £1 each GB00B7T77214


27,675,012,776






59.76%
 
(which is an increase from the previous notification due to 590,730,325 Ordinary Shares of £1 each being cancelled / held in treasury by NatWest Group plc on 23 March 2021 following settlement of the off-market purchase of such Ordinary Shares on 19 March 2021)








 
























 
























 


SUBTOTAL 8. A


27,675,012,776


59.76% 
(which is an increase from the previous notification due to 590,730,325 Ordinary Shares of £1 each being cancelled / held in treasury by NatWest Group plc on 23 March 2021 following settlement of the off-market purchase of such Ordinary Shares on 19 March 2021) 




 


 
 




 


B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))




 


Type of financial instrument


Expiration

datex


Exercise/

Conversion Periodxi


Number of voting rights that may be acquired if the instrument is 
exercised/converted.


% of voting rights




 
























 
























 
























 










SUBTOTAL 8. B 1












 


 
 




 


B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))




 


Type of financial instrument


Expiration

datex


Exercise/

Conversion Period xi


Physical or cash 
settlementxii


Number of voting rights 


% of voting rights




 




























 




























 




























 














SUBTOTAL 8.B.2












 


 
 
 




9. Information in relation to the person subject to the notification obligation (please mark the 
applicable box with an "X")


 




Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii






 




Full chain of controlled undertakings through which the voting rights and/or the

financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)


x


 




Namexv


% of voting rights if it equals or is higher than the notifiable threshold


% of voting rights through financial instruments if it equals or is higher than the notifiable threshold


Total of both if it equals or is higher than the notifiable threshold


 




UK Government Investments Limited, a company wholly-owned by Her Majesty's Treasury, is entitled to exercise control over the voting rights which are the subject of this notification (pursuant to certain management arrangements agreed with Her Majesty's Treasury). 
 
The Solicitor for the Affairs of Her Majesty's Treasury is acting as nominee for Her Majesty's Treasury.


 




The Commissioners of Her Majesty's Treasury


59.76%






59.76%


 




















 




















 




















 








 




10. In case of proxy voting, please identify:


 




Name of the proxy holder






 




The number and % of voting rights held






 




The date until which the voting rights will be held






 








 




11. Additional informationxvi


 




The Solicitor for the Affairs of Her Majesty's Treasury is acting as nominee for Her Majesty's Treasury.
 
The percentage of voting rights held, as shown on this form (59.76%), represents voting rights held in NatWest Group plc (NWG) following the settlement on 23 March 2021 of NWG's off-market purchase of 590,730,325 ordinary shares of £1 each ("Ordinary Shares") from Her Majesty's Treasury on 19 March 2021.  On 23 March 2021, NWG cancelled 390,730,325 of the purchased Ordinary Shares (and holds the remaining 200,000,000 Ordinary Shares in treasury) which has resulted in the percentage of voting rights held by Her Majesty's Treasury in NWG to increase to 59.76% (from 56.86% on 19 March 2021). 


 





















 



Place of completion


London, England




Date of completion


24 March 2021



 
Legal Entity Identifier: 2138005O9XJIJN4JPN90

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