Landmark £1.2 billion share sale sees Government stake in NatWest Group reduced to below 50% for first time since financial crisis

For the first time since the financial crisis, NatWest Group plc (formerly Royal Bank of Scotland Group plc) is no longer under majority public ownership following a £1.2 billion sale of part of the government’s shareholding back to NatWest.

This is the government’s fifth sale of its NatWest shareholding bringing its level of ownership down from 50.6% to 48.1%. This is a landmark in the government’s plan to return to private ownership the institutions brought into public ownership as a result of the 2007-2008 financial crisis.

The Economic Secretary to the Treasury authorised the sale of approximately 550 million shares in NatWest at 220.5p per share raising a total of £1.2 billion. The shares were bought back by NatWest and the process was managed by UK Government Investments.

The Economic Secretary to the Treasury, John Glen said:

This sale means that the government is no longer the majority owner of NatWest Group and is therefore an important landmark in our plan to return the bank to the private sector. We will continue to prioritise delivering value for money for the taxpayer as we take forward this plan.

Further information

Please refer to the UKGI RNS announcement Disposal of Shares in NatWest Group for £1.2 billion - 07:00:09 28 Mar 2022 - News article - London Stock Exchange for more information.

Post-transaction the government shareholding is now 48.1% (from 50.6% pre-sale). The reduction in the government shareholding is less than the 4.91% sold following the cancellation of shares by NatWest.

The total value of proceeds received is £1,212,421,779.