TR1 - Notification of major holdings

RNS Number : 7074Q
NatWest Group plc
22 February 2023
 

TR-1: S tandard form for notification of major holdings

 

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i


1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii :

NatWest Group plc

1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)

Non-UK issuer


2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights

x

An acquisition or disposal of financial instruments


An event changing the breakdown of voting rights


Other (please specify)iii:


3. Details of person subject to the notification obligation iv

Name

The Commissioners of His Majesty's Treasury

City and country of registered office (if applicable)

London, England

4. Full name of shareholder(s) (if different from 3.) v

Name

The Solicitor for the Affairs of His Majesty's Treasury

City and country of registered office (if applicable)

London, England

5. Date on which the threshold was crossed or reached vi :

21 February 2023

6. Date on which issuer notified (DD/MM/YYYY):

21 February 2023

7. Total positions of person(s) subject to the notification obligation


% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuer vii

Resulting situation on the date on which threshold was crossed or reached

42.95%


42.95%

 38,699,669,208

Position of previous notification (if

applicable)

43.97%


43.97%


 

 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii

 

A: Voting rights attached to shares

 

Class/type of
shares

ISIN code (if possible)

Number of voting rights ix

% of voting rights

 

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

 

Ordinary Shares of £1.0769 each GB00BM8PJY71

16,620,157,452


42.95%


 






 






 

SUBTOTAL 8. A

16,620,157,452

42.95%

 

 

 

 

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

 

Type of financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights

 






 






 






 



SUBTOTAL 8. B 1



 

 

 

 

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

 

Type of financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Physical or cash

settlement xii

Number of voting rights

% of voting rights

 







 







 







 



 

SUBTOTAL 8.B.2



 

 

 

 

9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an "X")

 

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii


 

Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity
xiv (please add additional rows as necessary)

x

 

Name xv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

 

UK Government Investments Limited, a company wholly-owned by His Majesty's Treasury, is entitled to exercise control over the voting rights which are the subject of this notification (pursuant to certain management arrangements agreed with His Majesty's Treasury).

 

The Solicitor for the Affairs of His Majesty's Treasury is acting as nominee for The Commissioners of His Majesty's Treasury.

 

The Commissioners of His Majesty's Treasury

42.95%


42.95%

 





 





 

 

 

10. In case of proxy voting, please identify:

 

Name of the proxy holder


 

The number and % of voting rights held


 

The date until which the voting rights will be held


 


 

11. Additional information xvi

 

The Solicitor for the Affairs of His Majesty's Treasury is acting as nominee for The Commissioners of His Majesty's Treasury (HMT).

 

The percentage of voting rights held by HMT in NatWest Group plc (NWG), as shown on this form (42.95%), has been calculated following the disposal by HMT of 99,334,776 ordinary shares in NWG since its last TR-1 notification on 3 February 2023.

 

This calculation does not take into account any shares repurchased by NWG under its share buyback programme since the last Total Voting Rights announcement on 31 January 2023. The percentage of voting rights held by HMT could move up or down going forward depending on the number of shares repurchased by NWG and the progress of sales under HMT's trading plan announced on 22 July 2021 and extended on 22 June 2022.

 

 

 

Place of completion

London, England

Date of completion

21 February 2023

Legal Entity Identifier: 2138005O9XJIJN4JPN90

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