UK Govt Updates NatWest Stake Filing

TL;DR

UK Govt filed an update on its NatWest stake. Nothing major changed, just paperwork.

AI Summary

HM Treasury, through UK Government Investments Ltd, has filed an amendment (No. 44) to its Schedule 13D for NatWest Group plc, dated September 20, 2024. This filing relates to the ownership of NatWest Group plc's ordinary shares. The filing indicates a change in the reporting person's information, with Peter King listed as the authorized contact.

Why It Matters

This filing is an update to the UK government's disclosure regarding its significant stake in NatWest Group, a major financial institution, providing transparency on its holdings.

Risk Assessment

Risk Level: low — This is a routine amendment to a Schedule 13D filing, indicating administrative updates rather than a significant change in holdings or strategy.

Key Players & Entities

• HM Treasury (company) — Reporting Person
• UK Government Investments Ltd (company) — Reporting Person
• NatWest Group plc (company) — Subject Company
• Peter King (person) — Authorized Contact

FAQ

Filing Documents

• tm2424540d1_sc13da.htm (SC 13D/A) — 63KB
• 0001104659-24-101917.txt ( ) — 64KB

From the Filing

SC 13D/A 1 tm2424540d1_sc13da.htm SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 44) NatWest Group plc (Name of Issuer) Ordinary Shares (Title of Class of Securities) (CUSIP Number) Peter King 1 Horse Guards Road London SW1A 2HQ +44 (0) 20 7270 5328 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) September 20, 2024 (Date of Event Which Requires Filing of this Statement) HM Treasury; UK Government Investments Ltd Names of Reporting Persons If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ¨ . * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. Explanatory note : In lieu of providing the information called for by Schedule 13D, His Majesty's Treasury is furnishing a copy of “TR-1: Notification of Major Interest in Shares”, which is the standard form for any notification required to be delivered under the UK Disclosure Guidance and Transparency Rules to (among others) an issuer whose shares are admitted to trading on a UK regulated market (and to the UK Financial Conduct Authority) following the acquisition or disposal of certain interests in the shares or voting rights in such issuer. This modified Schedule 13D is filed pursuant to no-action relief granted by the Staff of the Securities and Exchange Commission in a no-action letter dated December 10, 2008. TR-1: Standard 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 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 London, England 4. Full name of shareholder(s) (if different from 3.) v Name The Solicitor for the Affairs of His Majesty’s Treasury London, England 5. Date on which the threshold was crossed or reached vi : 20 September 2024 6. Date on which issuer notified (DD/MM/YYYY): 20 September 2024 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 held in issuer (8.A + 8.B) vii Resulting situation on the date on which threshold was crossed or reached 16.92% 16.92% 5,621,377,464 Position of previous notification (if applicable) 17.97% 17.97% 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 (DTR5.1) Indirect (DTR5.2.1) Direct (DTR5.1) Indirect (DTR5.2.1) Ordinary Shares of £1.0769 each GB00BM8PJY71 5,621,377,464 16.92 % SUBTOTAL 8. A 5,621,377,464 16.92 % B 1: Financial Instruments according to DTR5.3.1R (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 DTR5.3.1R (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 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 (please add additional rows

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View this SC 13D/A filing on SEC EDGAR