<SEC-DOCUMENT>0001654954-23-011157.txt : 20230823
<SEC-HEADER>0001654954-23-011157.hdr.sgml : 20230823
<ACCEPTANCE-DATETIME>20230823070708
ACCESSION NUMBER:		0001654954-23-011157
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20230823
FILED AS OF DATE:		20230823
DATE AS OF CHANGE:		20230823

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NatWest Group plc
		CENTRAL INDEX KEY:			0000844150
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMERCIAL BANKS, NEC [6029]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10306
		FILM NUMBER:		231195129

	BUSINESS ADDRESS:	
		STREET 1:		GOGARBURN
		STREET 2:		PO BOX 1000
		CITY:			EDINBURGH, SCOTLAND
		STATE:			X0
		ZIP:			EH12 1HQ
		BUSINESS PHONE:		441315568555

	MAIL ADDRESS:	
		STREET 1:		GOGARBURN
		STREET 2:		PO BOX 1000
		CITY:			EDINBURGH, SCOTLAND
		STATE:			X0
		ZIP:			EH12 1HQ

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ROYAL BANK OF SCOTLAND GROUP PLC
		DATE OF NAME CHANGE:	19950712
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>a2309k.htm
<DESCRIPTION>SECTION 430 (2B) COMPANIES ACT 2006 STATEMENT
<TEXT>
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FORM 6-K</font></div>
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SECURITIES AND EXCHANGE COMMISSION</font></div>
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Washington D.C. 20549</font></div>
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Report of Foreign Private Issuer</font></div>
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Pursuant to Rule 13a-16 or 15d-16</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
of the Securities Exchange Act of 1934</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">For
August 23, 2023</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Commission
File Number: 001-10306</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">NatWest
Group plc</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Gogarburn,
PO Box 1000</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Edinburgh
EH12 1HQ</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(Address
of principal executive offices)</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Indicate
by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;&#xA0;&#xA0;Form
20-F <font style="text-decoration: underline">X</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
&#xA0; &#xA0; &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0; Form
40-F ___</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">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.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Yes ___
&#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0;
&#xA0; &#xA0; &#xA0; &#xA0;&#xA0; No <font style="text-decoration: underline">X</font></font></div>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">If
"Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-
________</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-size: 13px">
The following information was issued as&#xA0;Company announcements
in London, England and is furnished pursuant to General Instruction
B to the General Instructions to Form
6-K:</font><br></font></div>
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</font></div>
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<br></font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Directorate Changes</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
On 26 July 2023, the Board of Directors of NatWest Group announced
that Paul Thwaite had been appointed as the Group Chief Executive
for an initial period of 12 months subject to regulatory
approval.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font><br></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
In accordance with section 430(2B) of the Companies Act 2006 this
announcement sets out the key remuneration arrangements relating to
the change in the Group Chief Executive.</font></div>
<br>
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<font style="font-family: Times New Roman; font-size: 13px;"><br></font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Paul Thwaite - key remuneration arrangements</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
As Group Chief Executive, Mr Thwaite will receive annualised fixed
pay consisting of salary of &#xA3;1,050,000, a fixed share
allowance of &#xA3;1,050,000 (to be delivered in NatWest Group
shares and released annually on a pro-rata basis over five years
from the date of award) and pension funding. Mr Thwaite is
currently a member of the Group's defined benefit pension scheme
and will also be entitled to receive benefit funding as per the
terms of our approved Directors' Remuneration Policy ("the
Policy").</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
For the Group Chief Executive role, Mr Thwaite will also be
eligible to be considered for an annual bonus up to a maximum value
of 100% of salary and a Restricted Share Plan (RSP) award up to a
maximum value of 150% of salary for each performance year in line
with the terms of our approved Policy. The annual bonus and RSP
award for 2023 in respect of his Group Chief Executive role will be
pro-rated to reflect the time spent by him in the Group Chief
Executive role during 2023. He will also be eligible to receive
variable pay awards for his previous role as CEO of the Commercial
and Institutional business.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font></div>
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<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Alison Rose - key remuneration arrangements</font></div>
<div><font style="color: #000000; font-family: Times New Roman; font-size: 13px">As
previously announced, Alison Rose stepped down from the Board as
Group Chief Executive with effect from 25 July 2023 and is
currently serving her notice period. Ms Rose has a 12 month notice
period under her service agreement. During any period of notice, Ms
Rose will not be permitted to take on any new appointments with any
third party in accordance with her service agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Ms Rose's notice period and the payments she will continue to
receive for the notice period will be reviewed on a continuing
basis, having regard to the internal and external investigations
relating to the account closure arrangements at Coutts and
associated events ("Investigations"). No decisions have been made
in respect of Ms Rose's share awards or any other remuneration
matters.</font></div>
<font style="font-family: Times New Roman; font-size: 10">&#xA0;</font>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
The treatment of such awards will be determined in accordance with
the terms of our relevant share plan rules and policies. Decisions
on these awards, along with any decisions regarding other
remuneration matters, will be made taking into account the findings
of the Investigations, as appropriate. As per our approved Policy,
malus and clawback provisions will continue to apply to Ms Rose.
Under these provisions Ms Rose's share awards can be adjusted down
where considered appropriate.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
In accordance with contractual requirements, while employed under
notice, she will continue to receive her fixed pay (salary of
&#xA3;1,155,660, fixed share allowance of &#xA3;1,155,660, payable
in NatWest Group shares and released annually on a pro-rata basis
over five years from the date of award, and a pension allowance of
10% of salary) and contractually agreed benefits in line with the
terms of our approved Policy. Details of any decisions made in
respect of Ms Rose's share awards or any other remuneration matters
will be provided as and when such decisions are made.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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&#xA0;</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
NatWest Group Investor Relations</font></div>
<div><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Alexander
Holcroft</font></div>
<div><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Head
of Investor Relations</font></div>
<div><font style="color: #000000; font-family: Times New Roman; font-size: 13px">+44
20 7672 1758</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">
NatWest Group</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="color: #000000; font-size: 13px">Media
Relations</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
+44(0)131 523 4205</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">
Legal Entity Identifier:&#xA0;</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="color: #000000; font-size: 13px">2138005O9XJIJN4JPN90</font></font></div>
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<br></font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Date:&#xA0;23
August 2023</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">NATWEST
GROUP plc (Registrant)</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">By: /s/
Jan Cargill</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Name:
Jan Cargill</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Title:
Chief Governance Officer and Company Secretary</font></div>
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