LONDON (dpa-AFX) - UK Government Investments Limited announced the completion of the disposal of part of HM Treasury shareholding in NatWest Group. The disposal was effected by way of an off-market purchase by NatWest of 262,605,042 ordinary shares in NatWest, pursuant to a contract between NatWest and HM Treasury. The price paid by NatWest for each share was 380.8 pence. The total consideration for the off-market purchase will be 1 billion pounds.
As a result, HM Treasury's percentage of voting rights in NatWest Group will fall from approximately 14.2% to approximately 11.4%, following cancellation by NatWest Group of all of the purchased shares. UKGI and HM Treasury will keep further disposal options under consideration when market conditions permit.
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