Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
12 August 2022 - 4:27PM
Edgar (US Regulatory)
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
August 12, 2022
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:
August
12, 2022
NATWEST GROUP
PLC AND NATWEST MARKETS N.V. - CONFIRMATION
OF THE FINANCIAL IMPACT OF SEPARATE CASH TENDER OFFERS FOR CERTAIN
OF THEIR RESPECTIVE OUTSTANDING NOTES
The table below sets out the expected reduction in post-tax profits
in the relevant reporting period of NatWest Group plc (on a
consolidated and a solo legal entity basis) and NatWest Markets
N.V. ("NWM
N.V.") following the repurchase
of their respective U.S. dollar denominated notes. This follows our
announcement released on 10 August 2022 at 6:18 pm under RNS No.
6282V.
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NatWest Group plc (consolidated)
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NatWest Group plc (solo)
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NWM N.V.
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Impact - Post tax gain /
(loss)1
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£(124m)2
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£(55m)
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€(83m)3
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1. Determined
using the applicable foreign exchange rates on August 10,
2022.
2.
After taking into account the estimated effect of taxation, and
based on risk weighted assets of £179.8 billion as reported
for June 30, 2022, this would equate to a reduction in NatWest
Group plc's (consolidated) CET1 capital ratio of approximately
7bps.
3.
After taking into account the estimated effect of taxation, and the
effect of the unwinding of a related hedging transaction with
NatWest Group plc (solo), NWM N.V. does not expect its repurchases
to have a material impact on its CET1 capital ratio.
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Legal Entity Identifiers
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NatWest Group plc
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2138005O9XJIJN4JPN90
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NatWest Markets N.V.
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X3CZP3CK64YBHON1LE12
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FORWARD-LOOKING STATEMENTS
From time to time, NatWest Group plc and NWM N.V. (each, an
"Offeror" and together, the "Offerors") may make statements, both written and oral,
regarding their assumptions, projections, expectations, intentions
or beliefs about future events. These statements constitute
"forward-looking statements". The Offerors caution that these
statements may and often do vary materially from actual results.
Accordingly, the Offerors cannot assure you that actual results
will not differ materially from those expressed or implied by the
forward-looking statements. You should read the sections entitled
"Risk Factors" and the "Forward-Looking Statements" in the Annual
Report and H1 2022 Interim Report of each
Offeror.
Any forward-looking statements made in this announcement, including
in connection with the expected reduction in post-tax profits and
CET1 capital ratio impact of each Offer, or in the documents
incorporated by reference herein speak only as of the date they are
made. Except as required by the U.K. Financial Conduct Authority
(the "FCA") or the Dutch Authority for the Financial
Markets (the "AFM"), as applicable, any applicable stock exchange
or any applicable law, the Offerors expressly disclaim any
obligation or undertaking to release publicly any updates or
revisions to any forward-looking statement contained in the
relevant Offer to Purchase relating to each Offer or the documents
incorporated by reference herein to reflect any changes in
expectations with regard thereto or any new information or any
changes in events, conditions or circumstances on which any such
statement is based. The reader should, however, (i) with respect to
NatWest Group plc consult any additional disclosures that NatWest
Group plc has made or may make in documents that NatWest Group plc
has filed or may file with the U.S. Securities and Exchange
Commission and (ii) with respect to NWM N.V. consult any additional
disclosures that NWM N.V. has made or may make in documents that
NWM N.V. has filed or may file with the
AFM.
Date: 12
August 2022
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NATWEST
GROUP plc (Registrant)
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By: /s/
Jan Cargill
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Name:
Jan Cargill
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Title:
Chief Governance Officer and Company Secretary
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