Form 6-K NatWest Group plc For: Aug 10
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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 10, 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-
________
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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:
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August
10, 2022
NATWEST GROUP
PLC AND NATWEST MARKETS N.V. - FINANCIAL
IMPACT OF SEPARATE CASH TENDER OFFERS FOR CERTAIN
OF THEIR RESPECTIVE OUTSTANDING NOTES
NatWest Group plc ("NatWest
Group") and NatWest Markets
N.V. ("NWM
N.V.") (each an
"Offeror" and, together, the "Offerors") announced on 9 August 2022 the results of their
separate cash tender offers (with respect to the tender offers
launched by NatWest Group, the "NatWest Group
Offer", and with respect to the
tender offers launched by NWM N.V., the "NWM N.V.
Offer", each an
"Offer") in respect of any and all of certain series of
their respective U.S. dollar denominated notes pursuant to separate
offers to purchase dated August 1, 2022 (each an
"Offer to
Purchase").
NatWest Group estimates the aggregate impact of the NatWest Group
Offer and the NWM N.V. Offer will be a charge to income in its Q3
2022 results of approximately £56 million, with the final
charge dependent on the foreign exchange rate on August 10, 2022.
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's CET1 capital ratio of approximately 3bps.
NWM N.V. estimates the impact of the NWM N.V. Offer will be a
charge to income in its Q3 2022 results of approximately €83
million. After taking into account the estimated effect of
taxation, and the effect of the unwinding of a related hedging
transaction with NatWest Group, NWM N.V. does not expect a material
impact on its CET1 capital ratio.
FORWARD-LOOKING STATEMENTS
From time to time, the Offerors may make statements, both written
and oral, regarding our 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" in the relevant Offer to Purchase, in the
Annual Report and H1 2022 Interim Report of the relevant Offeror
which is incorporated by reference therein and "Forward-Looking
Statements" in the Annual Report and H1 2022 Interim Report of the
relevant Offeror, which is incorporated by reference in the
relevant Offer to Purchase.
Any forward-looking statements made herein, including in connection
with the expected charge to income and CET1 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 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 consult any
additional disclosures that NatWest Group has made or may make in
documents that NatWest Group 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.
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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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Date: 10
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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