FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the
month of February 2021
Commission
File Number: 001-10306
NatWest
Group plc
RBS,
Gogarburn, PO Box 1000
Edinburgh
EH12 1HQ
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form
20-F X Form 40-F
___
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule
101(b)(1):_________
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule
101(b)(7):_________
Indicate
by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.
Yes ___
No X
If
"Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-
________
The following information was issued as Company announcements
in London, England and is furnished pursuant to General Instruction
B to the General Instructions to Form
6-K:
Exhibit
No. 1
|
Director/PDMR
Shareholding dated 01 February 2021
|
Exhibit
No. 2
|
Outcome
of strategic review into Ulster Bank (ROI) dated 19 February
2021
|
Exhibit
No. 3
|
Form
8.3 Disclosure dated 19 February 2021
|
Exhibit
No. 4
|
Publication
of Supplementary Prospectus dated 19 February 2021
|
Exhibit
No. 5
|
Additional
Listing dated 24 February 2021
|
Exhibit
No. 6
|
Dividend
Declaration dated 25 February 2021
|
Exhibit
No. 7
|
Publication
of Final Terms dated 25 February 2021
|
Exhibit
No. 8
|
Total
Voting Rights dated 26 February 2021
|
Exhibit
No. 1
1 February 2021
NatWest Group plc
INITIAL NOTIFICATION OF TRANSACTION OF PERSON DISCHARGING
MANAGERIAL RESPONSIBILITY (PDMR) IN ACCORDANCE WITH ARTICLE 19
OF THE EU MARKET ABUSE REGULATION 596/2014
NatWest Group plc (the Company) was notified on 29 January 2021
that the trustee of the Company's Buy As You Earn Share Plan (the
Plan) purchased ordinary shares of £1 each in the Company
(Shares) (ISIN: GB00B7T77214) on 28 January 2021 on behalf of the
PDMR named below as a participant in the Plan.
PDMR
|
Position of PDMR
|
No. of Shares purchased
|
Purchase price
|
Katie Murray
|
Chief Financial Officer, NatWest Group plc
|
101
|
£1.4782
|
The transaction took place on the London Stock Exchange
(XLON).
Legal Entity Identifier: 2138005O9XJIJN4JPN90
For further information contact:-
NatWest Group Investor Relations
Alexander Holcroft
Head of Investor Relations
+44 20 7672 1758
NatWest Group Media Relations
+44(0)131 523 4205
Exhibit
No. 2
19 February 2021
NatWest Group plc
NatWest Group plc announces outcome of strategic review into Ulster
Bank in the Republic of Ireland
NatWest Group plc ("NWG") today announces that it has completed its
strategic review of Ulster Bank. Following careful and
comprehensive deliberation by the NWG Board, NWG has concluded
that, despite the significant progress that has been made in recent
years, Ulster Bank in the Republic of Ireland will not be in a
position to achieve an acceptable level of sustainable returns over
its planning horizon.
As a result, NWG intends to begin a phased withdrawal from the
Republic of Ireland over the coming years that will be
managed in an orderly and considered manner. Ulster Bank Limited's
banking business in Northern Ireland is unaffected.
The NWG Board has given careful consideration to the impact of this
decision on all stakeholders, in line with our purpose. In the
near-term, it is expected that there will be minimal change for
Ulster Bank customers and colleagues. NWG will seek to implement a
solution, or set of solutions, to ensure that:
●
our
customers and colleagues are well supported;
●
there
is continued servicing of retail and SME clients;
●
job
losses are minimised;
●
stability
is maintained in the sector; and
●
NWG's
withdrawal from the Irish banking sector is achieved in an orderly
manner.
As part of this phased withdrawal, a non-binding Memorandum of
Understanding ("MoU") with Allied Irish Banks, p.l.c. has been
agreed for the sale of a c.€4bn portfolio of
performing commercial loans, and the transfer of the colleagues
wholly or mainly assigned to this loan book.
The potential sale contemplated by the MoU remains subject to due
diligence, further negotiation and agreement of final terms and
definitive documentation, as well as obtaining regulatory and other
approvals and satisfying other conditions. The proposed sale may
not be concluded on the terms contemplated in the MoU, or at
all.
NWG is also in early discussions with Permanent TSB Group Holdings
p.l.c. among other strategic banking counterparties about
their potential interest in buying certain retail and SME assets,
liabilities and operations. These discussions may or may not
result in agreement. Our preference is to continue to focus
our discussions with counterparties who can provide customers with
full banking services in the Irish market.
We expect NWG's withdrawal from the Republic of Ireland to be
capital accretive over the multi-year process.
NatWest Group CEO Alison Rose said:
"In recent years, our strategy for Ulster Bank in the Republic of
Ireland has been to improve returns by growing the business,
reducing costs and resolving legacy issues. I want to pay
tribute to our colleagues who through their commitment and
dedication have helped to transform this business. Our
priority over the coming months will remain on supporting our
customers, communities and colleagues through these difficult
times.
"Following an extensive review and despite the progress that has
been made, it has become clear Ulster Bank will not be able to
generate sustainable long terms returns for our shareholders.
As a result, we are to begin a phased withdrawal from the Republic
of Ireland over the coming years which will be undertaken with
careful consideration of the impact on customers and our
colleagues."
NWG will provide further information at the appropriate
time.
For further information, please contact:
Investor Relations
Alexander Holcroft
Head of Investor Relations
+44 (0) 20 7672 1758
NWG Media Relations
+44 (0) 131 523 4205
Forward-looking statements
This document contains forward-looking statements within the
meaning of the United States Private Securities Litigation Reform
Act of 1995, such as statements that include, without limitation,
the words 'expect', 'estimate', 'project', 'anticipate', 'commit',
'believe', 'should', 'intend', 'will', 'plan', 'could',
'probability', 'risk' 'target', 'goal', 'objective', 'may',
'endeavour', 'outlook', 'optimistic', 'prospects' and similar
expressions or variations on these expressions. These statements
concern or may affect future matters, such as NWG or UBIDAC's
future economic results, business plans and strategies. In
particular, this document may include forward-looking statements
relating to NWG and/or UBIDAC in respect of, but not limited to:
NWG's expectation that NWG's withdrawal from the Republic of
Ireland will be capital accretive over the multi-year process and
NWG and/or UBIDAC's future economic results, business plans and
strategies. Forward-looking statements are subject to a number of
risks and uncertainties that might cause actual results and
performance to differ materially from any expected future results
or performance expressed or implied by the forward-looking
statements. Factors that could cause or contribute to differences
in current expectations include, but are not limited to, the impact
of the Covid-19 pandemic, future acquisitions or divestments, the
outcome of legal, regulatory and governmental actions and
investigations, the level and extent of future impairments and
write-downs (including with respect to goodwill), legislative,
political, fiscal and regulatory developments, accounting
standards, competitive conditions, technological developments,
interest and exchange rate fluctuations, general economic and
political conditions and the impact of climate related risks and
the transitioning to a low carbon economy. These and other factors,
risks and uncertainties that may impact the above, and any
forward-looking statement or actual results are discussed in NWG's
UK 2020 Annual Report and Accounts (ARA) (see Risk Factors in the
ARA, including the risk factor entitled 'NatWest Group is currently
implementing its Purpose-led Strategy, which carries significant
execution and operational risks and may not achieve its stated aims
and targeted outcomes'), UBIDAC's 2020 Annual Report and Accounts
(including its Principal Risks and Uncertainties) and NWG's filings
with the US Securities and Exchange Commission, including, but not
limited to, NWG's most recent Annual Report on Form 20-F and
Reports on Form 6-K. The forward-looking statements contained in
this document speak only as of the date of this document and NWG
and UBIDAC do not assume or undertake any obligation or
responsibility to update any of the forward-looking statements
contained in this document, whether as a result of new information,
future events or otherwise, except to the extent legally
required.
Legal Entity Identifier: NatWest Group plc -
2138005O9XJIJN4JPN90
Exhibit
No. 3
FORM 8.3
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE
BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR
MORE
Rule 8.3 of the Takeover Code (the "Code")
1. KEY
INFORMATION
(a) Full name of discloser:
|
NatWest Group plc
|
(b) Owner or controller of interests and short positions disclosed,
if different from 1(a):
The naming of nominee or vehicle companies
is insufficient. For a trust, the trustee(s), settlor and
beneficiaries must be named.
|
Adam & Company Investment Management Limited
|
(c) Name of offeror/offeree
in relation to whose relevant securities this form
relates:
Use a separate form for each
offeror/offeree
|
Idox plc
|
(d) If an exempt fund manager connected with an offeror/offeree,
state this and specify identity of offeror/offeree:
|
N/A
|
(e) Date position held/dealing undertaken:
For an opening position disclosure, state
the latest practicable date prior to the disclosure
|
18 February 2021
|
(f) In addition to the company in 1(c) above, is the
discloser making disclosures in respect of any other party to the
offer?
If it is a cash offer or possible cash
offer, state "N/A"
|
YES / NO /
N/A
If YES, specify which:
|
2. POSITIONS OF THE
PERSON MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in more
than one class of relevant securities of the offeror or offeree
named in 1(c), copy table 2(a) or (b) (as appropriate) for each
additional class of relevant security.
(a) Interests and short
positions in the relevant securities of the offeror or offeree to
which the disclosure relates following the dealing (if
any)
Class of relevant security:
|
1p ordinary
|
|
Interests
|
Short positions
|
|
Number
|
%
|
Number
|
%
|
(1) Relevant securities owned and/or controlled:
|
4,983,808
|
1.12%
|
0
|
0.00
|
(2) Cash-settled derivatives:
|
0
|
0.00
|
0
|
0.00
|
(3) Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00
|
0
|
0.00
|
TOTAL:
|
4,983,808
|
1.12%
|
0
|
0.00
|
All interests and all short positions should be
disclosed.
Details of any open stock-settled derivative positions (including
traded options), or agreements to purchase or sell relevant
securities, should be given on a Supplemental Form 8 (Open
Positions).
(b) Rights to subscribe
for new securities (including directors' and other employee
options)
Class of relevant security in relation to which subscription right
exists:
|
N/A
|
Details, including nature of the rights concerned and relevant
percentages:
|
N/A
|
3. DEALINGS (IF
ANY) BY THE PERSON MAKING THE DISCLOSURE
Where there have been dealings in more than one class of relevant
securities of the offeror or offeree named in 1(c), copy table
3(a), (b), (c) or (d) (as appropriate) for each additional class of
relevant security dealt in.
The currency of all prices and other monetary amounts should be
stated.
(a) Purchases and
sales
Class of relevant security
|
Purchase/sale
|
Number of securities
|
Price per unit
|
|
|
|
|
(b) Cash-settled
derivative transactions
Class of relevant security
|
Product description
e.g. CFD
|
Nature of dealing
e.g. opening/closing a long/short position, increasing/reducing a
long/short position
|
Number of reference securities
|
Price per unit
|
|
|
|
|
|
(c) Stock-settled
derivative transactions (including options)
(i) Writing,
selling, purchasing or varying
Class of relevant security
|
Product description e.g. call
option
|
Writing, purchasing, selling, varying etc.
|
Number of securities to which option relates
|
Exercise price per unit
|
Type
e.g. American, European etc.
|
Expiry date
|
Option money paid/ received per unit
|
|
|
|
|
|
|
|
|
(ii)
Exercise
Class of relevant security
|
Product description
e.g. call option
|
Exercising/ exercised against
|
Number of securities
|
Exercise price per unit
|
|
|
|
|
|
(d) Other dealings
(including subscribing for new securities)
Class of relevant security
|
Nature of dealing
e.g. subscription, conversion
|
Details
|
Price per unit (if applicable)
|
|
|
|
|
4. OTHER
INFORMATION
(a) Indemnity and other
dealing arrangements
Details of any indemnity or option arrangement, or any agreement or
understanding, formal or informal, relating to relevant securities
which may be an inducement to deal or refrain from dealing entered
into by the person making the disclosure and any party to the offer
or any person acting in concert with a party to the
offer:
Irrevocable commitments and letters of intent should not be
included. If there are no such agreements, arrangements or
understandings, state "none"
|
NONE
|
(b) Agreements,
arrangements or understandings relating to options or
derivatives
Details of any agreement, arrangement or understanding, formal or
informal, between the person making the disclosure and any other
person relating to:
(i) the voting rights of any relevant securities under any
option; or
(ii) the voting rights or future acquisition or disposal of any
relevant securities to which any derivative is
referenced:
If there are no such agreements, arrangements or understandings,
state "none"
|
NONE
|
(c)
Attachments
Is a Supplemental Form 8 (Open Positions) attached?
|
YES/NO
|
Date of disclosure:
|
19 February 2021
|
Contact name:
|
Suzanne Davidson
|
Telephone number*:
|
0131 626 4120
|
Public disclosures under Rule 8 of the Code must be made to a
Regulatory Information Service.
The Panel's Market Surveillance Unit is available for consultation
in relation to the Code's disclosure requirements on +44 (0)20 7638
0129.
*If the discloser is a natural person, a telephone number does not
need to be included, provided contact information has been provided
to the Panel's Market Surveillance Unit.
The Code can be viewed on the Panel's
website at www.thetakeoverpanel.org.uk.
LEI: 2138005O9XJIJN4JPN90
Exhibit
No. 4
NatWest Group plc
Publication of Supplementary Prospectus
The following supplementary prospectus has been approved by the
Financial Conduct Authority and is available for
viewing:
Supplementary Prospectus to the NatWest Group plc
£40,000,000,000 Euro Medium Term Note Programme, dated 19
February 2021.
To view the full document, please paste the following URL into the
address bar of your browser:
http://www.rns-pdf.londonstockexchange.com/rns/8025P_1-2021-2-19.pdf
A copy of the above Supplementary Prospectus has been submitted to
the National Storage Mechanism and will shortly be available for
inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
For further information, please contact:
Scott Forrest
Head of NatWest Treasury DCM
Tel: +44 (0) 7747 455 969
DISCLAIMER - INTENDED ADDRESSEES
Please note that the information contained in the Supplementary
Prospectus (and the Prospectus to which it relates) may be
addressed to and/or targeted at persons who are residents of
particular countries (specified in the Prospectus) only and is not
intended for use and should not be relied upon by any person
outside these countries and/or to whom the offer contained in the
Prospectus and the Supplementary Prospectus is not addressed. Prior
to relying on the information contained in the Prospectus and the
Supplementary Prospectus you must ascertain from the Prospectus
whether or not you are part of the intended addressees of the
information contained therein.
Your right to access this service is conditional upon complying
with the above requirement.
Legal Entity Identifier
|
|
NatWest Group plc
|
2138005O9XJIJN4JPN90
|
Exhibit
No. 5
24 February 2021
NatWest Group plc
Additional Listing
NatWest Group plc (the Company) announces that an application has been made to
the Financial Conduct Authority and to the London Stock Exchange
for a block listing of 45,000,000 (forty-five million) ordinary
shares of £1 each to be admitted to the premium listing
segment of the Official List and for admission to trading on the
main market of the London Stock Exchange, respectively. Admission
of the shares is expected to take place on 26 February 2021.
The shares will be allotted pursuant to the Company's obligations
under the following share plan:
●
45,000,000
(forty-five million) ordinary shares of £1 each in respect of
the NatWest Group plc 2014 Employee Share Plan.
Participants in this employee share plan have or will become
entitled to new shares following the vesting of share
awards.
The shares will rank equally with the existing ordinary shares of
the Company.
Legal Entity
Identifier: 2138005O9XJIJN4JPN90
For further information contact:-
NatWest Group Investor Relations
Alexander Holcroft
Head of Investor Relations
+44 20 7672 1758
NatWest Group Media
Relations
+44(0)131 523 4205
Exhibit
No. 6
25 February 2021
NATWEST GROUP plc
DIVIDEND ON SERIES U NON-CUMULATIVE PREFERENCE SHARES OF US$0.01
FOR THE THREE MONTHS TO 31 MARCH 2021
The Directors have declared the specified dividend on the
undernoted series of non-cumulative preference shares of US$0.01
each, all of which are represented by American Depositary Shares,
for the three months to 31 March 2021. Unless otherwise resolved by
the Board, this dividend will be paid on 31 March 2021 at the
undernoted rate to holders on the register at the close of business
on 16 March 2021.
Series
|
Dividend
payable per share
|
Series
U
|
US$643.47
|
End
Legal Entity Identifier: 2138005O9XJIJN4JPN90
Exhibit
No. 7
NatWest Group plc
Publication of Final Terms
The following Final Terms are available for viewing:
Final Terms dated 24 February 2021 (the "Final Terms") for NatWest
Group plc ("NatWest Group") €1,000,000,000 Fixed to Floating
Rate Notes due February 2030 (ISIN: XS2307853098) (the "Notes")
issued under the £40,000,000,000 Euro Medium Term Note
Programme of NatWest Group (the "Programme").
The Final Terms contain the final terms of the Notes and must be
read in conjunction with the prospectus dated 26 November 2020,
which constitutes a base prospectus for the purposes of Regulation
(EU) 2017/1129 and the supplemental prospectus dated 19 February
2021, which constitutes a supplementary prospectus for the purposes
of Article 23 of Regulation (EU) 2017/1129 as it forms part of
domestic law in the UK by virtue of the European Union (Withdrawal)
Act 2018 (together, the "Prospectus").
To view the Final Terms for the Notes, please paste the following
URL into the address bar of your browser:
http://www.rns-pdf.londonstockexchange.com/rns/4223Q_1-2021-2-25.pdf
A copy of the above Final Terms has been submitted to the National
Storage Mechanism and will shortly be available for inspection
at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
For further information, please contact:
Scott Forrest
Head of NatWest Treasury DCM
Tel: +44 (0) 7747 455 969
DISCLAIMER INTENDED ADDRESSEES
Please note that the information contained in the Final Terms (when
read together with the information in the Prospectus) may be
addressed to and/or targeted at persons who are residents of
particular countries (specified in the Prospectus) only and is not
intended for use and should not be relied upon by any person
outside these countries and/or to whom the offer contained in the
Final Terms and the Prospectus is not addressed. Prior to relying
on the information contained in the Final Terms and the Prospectus,
you must ascertain from the Prospectus whether or not you are part
of the intended addressees of the information contained
therein.
Your right to access this service is conditional upon complying
with the above requirement.
Legal Entity Identifier
NatWest Group plc - 2138005O9XJIJN4JPN90
Exhibit
No. 8
NatWest Group plc
Total Voting Rights and Capital
In accordance with the Disclosure Guidance and Transparency Rules,
NatWest Group plc ('NWG') notifies the following in respect of its
issued share capital with voting rights as at 26 February
2021:-
Share Class and nominal value
|
Number of Shares issued
|
Voting rights per share
|
Total Voting rights -
|
26 February 2021
|
Ordinary
shares of £1
|
12,129,192,905
|
4
|
48,516,771,620
|
11%
Cumulative Preference Shares of £1
|
500,000
|
4
|
2,000,000
|
5.5%
Cumulative Preference Shares of £1
|
400,000
|
4
|
1,600,000
|
Total:
|
12,130,092,905
|
|
48,520,371,620
|
of which none are held in Treasury.
Shareholders may use the above figures for their calculations to
determine whether they are required to notify their interest in, or
a change to their interest in the Company under the FCA's
Disclosure Guidance and Transparency Rules.
Legal Entity Identifier:
2138005O9XJIJN4JPN90
|
NATWEST
GROUP plc (Registrant)
|
|
|
|
By: /s/
Jan Cargill
|
|
|
|
Name:
Jan Cargill
|
|
Title:
Deputy Secretary
|