The Commissioners of His Majesty's Treasury have notified NatWest Group plc and the FCA of a change in their holdings. As of May 10, 2024, they hold 26.95% of the voting rights, representing 9,403,380,508 ordinary shares. The Solicitor for the Affairs of His Majesty's Treasury is acting as a nominee for The Commissioners of His Majesty's Treasury.
This percentage reflects the disposal of 90,641,999 ordinary shares in NatWest Group plc since the last notification on April 26, 2024. The percentage of voting rights held by His Majesty's Treasury may fluctuate based on share repurchases by NatWest Group and the progress of sales under His Majesty's Treasury's trading plan announced on July 22, 2021, and most recently extended on April 3, 2023.
The notification indicates that UK Government Investments Limited, a company wholly-owned by His Majesty's Treasury, is entitled to exercise control over the voting rights subject to the notification. The disclosed information is in compliance with the standard form for notification of major holdings.
This notification provides transparency regarding the significant holdings and potential changes in voting rights within NatWest Group plc. It offers insight into the ownership structure and the influence of His Majesty's Treasury on the company's decision-making processes. The completion of the notification took place in London, England, on May 10, 2024.