NatWest Group plc received a notification of major holdings from His Majesty's Treasury (HMT) on 19 February 2024. The notification indicates that HMT's voting rights in NatWest Group plc have reached 33.56% following the disposal of 122,762,277 ordinary shares since the last notification on 5 February 2024. The percentage of voting rights held by HMT may fluctuate based on share repurchases by NatWest Group plc and the progress of sales under HMT's trading plan announced on 22 July 2021 and most recently extended on 3 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 and financial instruments, as well as the date on which the threshold was crossed or reached. It also mentions that the notification was completed in London, England, on 16 February 2024.
This notification is in compliance with the standard form for the notification of major holdings and is an important update regarding the ownership and voting rights within NatWest Group plc.