His Majesty's Treasury (HMT) has notified NatWest Group plc of a change in its voting rights, with a current holding of 28.90% of the total voting rights. This change follows the disposal of 83,806,845 ordinary shares in NatWest Group plc since the last notification on 25th March 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 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 this notification, with the latter acting as a nominee for the former. UK Government Investments Limited, a company wholly-owned by His Majesty's Treasury, is entitled to exercise control over the voting rights being notified, pursuant to certain management arrangements agreed with His Majesty's Treasury.
This notification is in accordance with the TR-1 form for the disclosure of major holdings and provides detailed information about the change in voting rights, the entities involved, and the potential factors that could impact the percentage of voting rights held by His Majesty's Treasury in NatWest Group plc.