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 December 2020
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 02 December 2020
|
Exhibit
No. 2
|
Director/PDMR
Shareholding dated 08 December 2020
|
Exhibit
No. 3
|
Form
8.3 - OPD - Studio Retail Group plc dated 18
December 2020
|
Exhibit
No. 4
|
Acquisition
of Mortgage Portfolio from Metro Bank dated 21
December 2020
|
Exhibit
No. 5
|
Director/PDMR
Shareholding dated 31 December 2020
|
Exhibit
No. 6
|
Total
Voting Rights and Capital dated 31 December 2020
|
Exhibit
No. 1
02 December 2020
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 1 December 2020
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 30 November 2020 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
|
93
|
£1.6076
|
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
8 December
2020
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) announces that on 7 December 2020,
a buy-out award over ordinary shares of £1 each in the Company
(Shares) (ISIN: GB00B7T77214) vested to the PDMR set out below. The
buy out award had been granted in order to replace awards
forfeited by the PDMR on leaving their previous
employer.
The number of Shares withheld to meet associated tax
liabilities arising on vesting and the number of vested Shares
retained by the PDMR is set out below:-
Name of PDMR
|
Position of PDMR
|
No. of Shares vested
|
No. of Shares withheld to satisfy associated tax
liability
|
No. of vested Shares retained
|
David
Lindberg
|
CEO,
Retail Banking
|
106,144
|
49,888
|
56,256
|
The market price used to determine the number of Shares withheld to
meet associated tax liabilities was
£1.6622.
The above transactions 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(0)20 7672 1758
NatWest Group Media Relations
+44(0)131 523 4205
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.
|
NatWest
Markets Plc
|
(c) Name of offeror/offeree
in relation to whose relevant securities this form
relates:
Use a separate form for each
offeror/offeree
|
Studio
Retail Group 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
December 2020
|
(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:
|
23.97p convertible
|
|
Interests
|
Short positions
|
|
Number
|
%
|
Number
|
%
|
(1)
Relevant securities owned and/or controlled:
|
30,451,618
|
18.24
|
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:
|
30,451,618
|
18.24
|
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:
|
|
Details, including nature of the rights concerned and relevant
percentages:
|
|
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:
|
18 December 2020
|
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
18 December 2020
NatWest Group plc
NatWest announces acquisition of mortgage portfolio from Metro
Bank
NatWest Group plc ("NatWest") today announces that it has entered
into an agreement with Metro Bank plc ("Metro Bank") to
acquire a £3.0 billion portfolio of prime UK mortgages. The
portfolio consists of owner occupied residential mortgages with a
weighted average current loan to value of c.60%.
As part of the transaction, NatWest will welcome over 13,000
customers who will continue to be serviced by Metro Bank, in
accordance with current arrangements, following the transfer to
NatWest.
The purchase price of c.£3.1 billion represents a 2.7 per cent
premium on gross book value1.
The impact of the transaction, based on NatWest's CET1 ratio at 30
September 2020, equates to a reduction of around 15 basis
points2.
Commenting on the transaction, Alison Rose, CEO of NatWest
said,
"Growing our mortgage book is an important strategic priority as we
build a bank that delivers sustainable returns for shareholders.
The addition of this loan book will supplement the strong organic
growth that we continue to achieve.
"Our strong capital position, well above the target range,
continues to provide the flexibility to navigate the uncertain
environment and support our customers during the challenging times
ahead."
1. There may be an adjustment to the financial impact and
consideration paid at completion under which loans representing up
to 10% by value of the portfolio may be excluded from the sale,
equal to a potential reduction in price of c.£0.3 billion.
NatWest has full economic benefit of the portfolio and the
transaction will be reflected in Q4 2020 results. The transaction
is expected to close during the first quarter of 2021.
2. NatWest reported a Common Equity Tier 1 (CET1) ratio of 18.2% at
30 September 2020.
For further information, please contact:
Investor Relations
Alexander Holcroft
Head of Investor Relations
+44 (0) 20 7672 1758
RBS 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', 'plan', 'could', 'probability',
'risk', 'Value-at-Risk (VaR)', '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 NatWest
Group's future economic results, business plans and
strategies. In particular, this document may include
forward-looking statements relating to NatWest Group plc in respect
of, but not limited to: its regulatory capital position and related
requirements, its financial position, profitability and financial
performance (including financial, capital and operational targets),
its access to adequate sources of liquidity and funding, increasing
competition from new incumbents and disruptive technologies, its
exposure to third party risks, its ongoing compliance with the UK
ring-fencing regime and ensuring operational continuity in
resolution, its impairment losses and credit exposures under
certain specified scenarios, substantial regulation and oversight,
ongoing legal, regulatory and governmental actions and
investigations, the transition of LIBOR and IBOR rates to
alternative risk free rates and NatWest Group's exposure to
economic and political risks (including with respect to terms
surrounding Brexit and climate change), operational risk, conduct
risk, cyber and IT risk, key person risk and credit rating
risk. 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, future
acquisitions, the final number of PPI claims and their amounts, 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
uncertainty surrounding the Covid-19 pandemic and its impact on
NatWest Group. These and other factors, risks and uncertainties
that may impact any forward-looking statement or NatWest Group
plc's actual results are discussed in NatWest Group plc's UK 2019
Annual Report and Accounts (ARA), NatWest Group plc's Interim
Results for Q1 2020 and NatWest Group plc's Interim Results for H1
2020 and materials filed with, or furnished to, the US Securities
and Exchange Commission, including, but not limited to, NatWest
Group plc'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 NatWest Group plc
does 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: 2138005O9XJIJN4JPN90
Exhibit
No. 5
31 December 2020
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 30 December 2020
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 29 December 2020 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
|
92
|
£1.6408
|
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. 6
NatWest Group plc
Total Voting Rights and Capital
In conformity with the Disclosure Guidance and Transparency Rules,
NatWest Group plc ('NWG') hereby notifies the following in respect
of its issued share capital with voting rights as at 31 December
2020:-
Share Class and nominal value
|
Number of Shares issued
|
Voting rights per share
|
Total Voting rights -
|
31 December 2020
|
Ordinary shares of £1
|
12,129,165,477
|
4
|
48,516,661,908
|
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:
|
12,130,065,477
|
|
48,520,261,908
|
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
Date:
4
January 2021
|
NATWEST
GROUP plc (Registrant)
|
|
|
|
By: /s/
Jan Cargill
|
|
|
|
Name:
Jan Cargill
|
|
Title:
Deputy Secretary
|
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