NatWest Group plc received a notification of major holdings from His Majesty's Treasury (HMT) on 5th February 2024. The notification indicates that HMT's voting rights in NatWest Group plc have reached 34.96% following the disposal of 97,917,196 ordinary shares since the last notification on 22nd January 2024. The percentage of voting rights held by HMT may fluctuate 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 the notification as the shareholder and nominee, respectively. 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 provides detailed information on the voting rights attached to shares, financial instruments, and the person subject to the notification obligation. It also mentions that the notification was completed in London, England, on 2nd February 2024.
This notification is in compliance with the standard form for the notification of major holdings and is an important update for stakeholders and investors in NatWest Group plc.