NWG Natwest Group Plc

305.00

1.80 (0.59%)

03 May 2024 - Closed

Delayed by 15 minutes

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Natwest Group Plc	LSE:NWG	London	Ordinary Share	GB00BM8PJY71	ORD 107.69P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	1.80	0.59%	305.00	304.30	304.50	307.20	304.00	304.90	12,445,640	16:35:22

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
Commercial Banks, Nec	14.77B	4.64B	0.5271	5.77	26.77B

NatWest to Sell Permanent TSB Shares Via Placing

01/06/2023 6:10pm

Dow Jones News

Natwest (LSE:NWG)
Historical Stock Chart

From May 2023 to May 2024

   By Michael Susin

NatWest said Thursday that it seeks to sell part of its shareholding in Permanent TSB Group Holdings, simultaneously with the Minister for Finance of Ireland, Michael McGrath, via a share placing to institutional investors.

The U.K. bank said that the selling price will be determined by way of an accelerated book building process, which will be open immediately.

The placing is estimated to comprise around 33 million of Permanent TSB shares, reflecting around 6.0% of the issued share capital. McGrath and NatWest are both expected to dispose of 3.0% of share capital each, it added.

Following the placing, McGrath's overall shareholding will be reduced to 59.4% from 62.4%, while NatWest's shareholding will be cut to 13.6% from 16.7%.

Write to Michael Susin at michael.susin@wsj.com

(END) Dow Jones Newswires

June 01, 2023 12:55 ET (16:55 GMT)