His Majesty's Treasury (HMT) has notified NatWest Group plc of a change in its voting rights, with a current holding of 21.93% of the total voting rights. This change follows the disposal of 18,436,526 ordinary shares in NatWest Group plc since the last notification on June 4, 2024. The percentage of voting rights held by HMT may fluctuate in the future based on share repurchases by NatWest Group and the progress of sales under HMT's trading plan announced on July 22, 2021, and most recently extended on April 3, 2023.
The Commissioners of His Majesty's Treasury and The Solicitor for the Affairs of His Majesty's Treasury are involved in this notification, with the latter acting as a nominee for HMT. UK Government Investments Limited, a company wholly-owned by His Majesty's Treasury, is entitled to exercise control over the voting rights subject to this notification, pursuant to certain management arrangements agreed with HMT.
The notification, dated June 8, 2024, provides detailed information on the voting rights attached to shares, financial instruments, and the total number of voting rights of NatWest Group plc. It also outlines the potential impact of proxy voting and additional information regarding the percentage of voting rights held by HMT.
This notification is in compliance with the TR-1 standard form for the notification of major holdings and is aimed at informing the relevant issuer and the Financial Conduct Authority (FCA) of the change in voting rights. The completion of this notification took place in London, England, on June 8, 2024.