REG - NatWest Group plc - Adam & Company Private Banking Business

NatwestAnnouncement

05/09/2022 11:30

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RNS Number : 2867Y  NatWest Group plc  05 September 2022

ADAM & COMPANY PRIVATE BANKING BUSINESS

 

NatWest Group plc

5 September 2022

 

NatWest Group plc ("NatWest Group") announced on 17 March 2022 that a Petition
had been presented to the Court of Session in Edinburgh (the "Court") seeking
an order under Part VII of the Financial Services and Markets Act 2000
sanctioning a banking business transfer scheme (the "Scheme") for the transfer
of the private banking (including execution-only dealing services and custody
account services) and lending business carried on under the "Adam &
Company" brand and trading name by The Royal Bank of Scotland plc, a public
limited company incorporated in Scotland, to Coutts & Company, a private
unlimited company incorporated in England and Wales. The Royal Bank of
Scotland plc and Coutts & Company are both subsidiaries of NatWest Group.

 

NatWest Group is pleased to announce that the Court of Session approved the
Scheme on 31 May 2022 and that the Scheme came into effect on 3 September
2022.

 

 

For Further Information contact:

 

NatWest Group Investor Relations

Alexander Holcroft

Head of Investor Relations

+44 20 7672 1758

 

NatWest Group Media Relations

+44(0)131 523 4205

 

 

 

                                 Legal Entity Identifier
 NatWest Group plc               2138005O9XJIJN4JPN90
 The Royal Bank of Scotland plc  549300WHU4EIHRP28H10
 Coutts & Company                549300OLXJ4Y010LOT3

 

 

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