NATWEST GROUP (NWG)

Sector:

Banking

Index:

FTSE 100

307.20p
   
  • Change Today:
    -1.10p
  • 52 Week High: 326.40
  • 52 Week Low: 176.15
  • Currency: UK Pounds
  • Shares Issued: 8,327m
  • Volume: 15,037,417
  • Market Cap: £25,580m
  • RiskGrade: 62

Treasury reportedly planning significant sale of NatWest stake

By Josh White

Date: Monday 13 May 2024

LONDON (ShareCast) - (Sharecast News) - The Treasury is finalising plans for a significant sale of its remaining stake in NatWest Group, it was reported on Monday, in a bid to expedite the bank's privatisation and stimulate retail investment in the UK.
According to City AM, alongside an institutional placing of shares, the Treasury was intending to reduce its stake below 10% by the end of the year in a step towards fully privatising the group by the 2025-2026 financial year.

Chancellor Jeremy Hunt previously signalled the government's intention to offer part of its remaining stake to retail investors, aligning with broader efforts to bolster capital markets activity in London.

While the sale was slated for the summer, City AM said the timing could hinge on the upcoming general election.

With a current stake of nearly 27%, valued at around £7.5bn, the government is NatWest's largest shareholder.

The bank was rescued during the 2008 financial crisis with an 84% stake.

City AM said the expected sale, potentially raising around £2bn, could involve a broad marketing campaign.

Key advisers include M&C Saatchi, Freshfields Bruckhaus Deringer, Barclays, and Goldman Sachs, with Hargreaves Lansdown and AJ Bell expected to assist in share marketing.

To attract investors, shares could be priced at a discount, with potential incentives such as bonus shares for long-term holding.

The proposal included a minimum investment of £250 and a ceiling of £10,000 per investor, mirroring a previous plan for Lloyds Banking Group.

NatWest's shift below the 30% ownership threshold in March was positively received by investors wary of state intervention.

The bank had seen an improved performance in 2024, topping the FTSE 100 with a 45% increase in shares.

At 1526 BST, shares in NatWest Group were up 0.06% at 319.5p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

RBS Market Data

Currency UK Pounds
Share Price 307.20p
Change Today -1.10p
% Change -0.36 %
52 Week High 326.40
52 Week Low 176.15
Volume 15,037,417
Shares Issued 8,327m
Market Cap £25,580m
RiskGrade 62

RBS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.03% above the market average88.03% above the market average88.03% above the market average88.03% above the market average88.03% above the market average
41.18% below the sector average41.18% below the sector average41.18% below the sector average41.18% below the sector average41.18% below the sector average
Price Trend
82.81% above the market average82.81% above the market average82.81% above the market average82.81% above the market average82.81% above the market average
17.65% above the sector average17.65% above the sector average17.65% above the sector average17.65% above the sector average17.65% above the sector average
Income
93.19% above the market average93.19% above the market average93.19% above the market average93.19% above the market average93.19% above the market average
6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average
Growth
72.14% above the market average72.14% above the market average72.14% above the market average72.14% above the market average72.14% above the market average
17.65% above the sector average17.65% above the sector average17.65% above the sector average17.65% above the sector average17.65% above the sector average

What The Brokers Say

Strong Buy 6
Buy 5
Neutral 4
Sell 1
Strong Sell 1
Total 17
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

RBS Dividends

  Latest Previous
  Final Interim
Ex-Div 14-Mar-24 10-Aug-23
Paid 29-Apr-24 15-Sep-23
Amount 11.50p 5.50p

Trades for 14-Jun-2024

Time Volume / Share Price
16:35 15,593 @ 307.20p
16:35 300 @ 307.20p
16:35 6,288,383 @ 307.20p
16:35 4,585 @ 307.20p
16:35 4,233 @ 307.20p

RBS Key Personnel

CEO Paul Thwaite
Chair Richard Haythornthwait

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