The Commissioners of His Majesty's Treasury have notified NatWest Group plc of a change in their voting rights, with a resulting situation of 22.15% of voting rights attached to shares. This change occurred on 31 May 2024 and was notified to NatWest Group plc on 4 June 2024. The notification indicates that the disposal of 422,296,449 ordinary shares in NatWest Group plc by His Majesty's Treasury has led to the current percentage of voting rights. This includes a directed buyback of 392,448,233 shares by NatWest Group plc from His Majesty's Treasury on 31 May 2024.
The notification also mentions that the percentage of voting rights held by His Majesty's Treasury could fluctuate in the future based on the number of shares repurchased by NatWest Group plc and the progress of sales under His Majesty's Treasury's trading plan announced on 22 July 2021 and most recently extended on 3 April 2023.
The notification provides detailed information about the financial instruments and the entities involved, including the names of the shareholders and the total number of voting rights of NatWest Group plc. It also specifies that the Solicitor for the Affairs of His Majesty's Treasury is acting as a nominee for The Commissioners of His Majesty's Treasury.
This notification is in compliance with the standard form for the notification of major holdings and provides transparency regarding the changes in voting rights and the entities involved in the holdings of NatWest Group plc. The completion of the notification took place in London, England on 4 June 2024.