REG - NatWest Group plc - Commencement of Share Buyback Programme

NatwestAnnouncement

Mon 07:00

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RNS Number : 6907S  NatWest Group plc  28 July 2025

 

NatWest Group plc

28 July 2025

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 25 July 2025, the Company announced its half year results and a share
buyback programme (the "2025 Programme") of up to £750 million.  The 2025
Programme will commence on 28 July 2025 and will end no later than 13 February
2026, provided that the term of the 2025 Programme may be extended to end no
later than 13 March 2026 to account for any days where usual trading has not
been possible because of market events during the term of the 2025 Programme.

The 2025 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 "2025 Authority").

 

The maximum number of Ordinary Shares that can be purchased by the Company
under the 2025 Programme is 807,750,182**.

 

The Company has entered into non-discretionary instructions with Merrill Lynch
International 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.

** 10% of the issued ordinary share capital as at 13 March 2025, as approved
at the Annual General Meeting, held on 23 April 2025.

 

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 2025 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, CET1 ratio, RWA levels, payment of
dividends and participation in directed buybacks), 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,
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 2024
Annual Report and Accounts on Form 20-F, NatWest Group's Interim Management
Statement for Q1 and H1 2025 on Form 6-K, 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.

 

 

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