NatWest Group plc received a notification of major holdings from His Majesty's Treasury (HMT) on 5th March 2024. The notification revealed that HMT's voting rights in NatWest Group plc had reached 31.85% following the disposal of 97,726,255 ordinary shares since the last notification on 26th February 2024. The percentage of voting rights held by HMT may fluctuate in the future based on share repurchases by NatWest Group plc and the progress of sales under HMT's trading plan announced on 22nd July 2021 and most recently extended on 3rd April 2023.

The Commissioners of His Majesty's Treasury and The Solicitor for the Affairs of His Majesty's Treasury are involved in the notification as the shareholder and nominee, respectively. The notification also indicated 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, pursuant to certain management arrangements agreed with His Majesty's Treasury.

The notification provided detailed information on the voting rights attached to shares, the financial instruments held, and the total number of voting rights of NatWest Group plc. It also mentioned that the notification was made in accordance with the TR-1: Standard form for notification of major holdings.

The notification concluded with the place and date of completion, along with the Legal Entity Identifier. It also included notes regarding the national forms and the applicable thresholds or information regarding capital holdings.

This notification provides insight into the changes in major holdings of NatWest Group plc by His Majesty's Treasury, shedding light on the voting rights and the entities involved in the process.