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Share capital and other equity - Reserves (Details) £ / shares in Units, shares in Millions |  | 1 Months Ended | 12 Months Ended | 34 Months Ended
--- | --- | --- | --- | ---
Aug. 30, 2022 | May 31, 2023 shares | Mar. 31, 2021 shares | Dec. 31, 2023 GBP (£) £ / shares shares | Dec. 31, 2022 GBP (£) £ / shares shares | Dec. 31, 2021 GBP (£) £ / shares | Dec. 31, 2023 £ / shares shares
Shares repurchased during the period | £ | [1],[2] |  |  |  | £ 2,057,000,000 | £ 2,054,000,000 | £ 1,423,000,000 |  |
Par value | £ / shares |  |  |  |  | £ 1.0769 | £ 1.0769 |  |  | £ 1.0769
Ordinary share from discontinued operations basic | £ / shares |  |  |  |  | (0.01222) | (0.027) | £ 0.043 | [3] |
Ordinary share from discontinued operations dilutive | £ / shares |  |  |  |  | £ (0.012) | £ (0.026) | £ 0.043 | [3] |
Share consolidation ratio |  | 0.9286 |  |  |  |  |  |  |
Ordinary shares |  |  |  |  |  |  |  |  |
Own shares held | shares |  |  |  |  | 187 |  |  |  | 187
Par value | £ / shares |  |  |  |  | £ 1.076923076923077 |  |  |  | £ 1.076923076923077
Number of shares transferred to treasury | shares |  |  | 133 | 200 |  |  |  |  |
Number of shares used to satisfy the exercise of options and vesting of awards | shares |  |  |  |  |  |  |  |  | 146
Share awards and options | Ordinary shares |  |  |  |  |  |  |  |  |
Shares repurchased during the period | £ |  |  |  |  |  | £ 0 |  |  |
Share awards and options | Own shares held |  |  |  |  |  |  |  |  |
Own shares held | shares |  |  |  |  | 12 | 13 |  |  | 12
Par value | £ / shares |  |  |  |  |  | £ 1.0769 |  |  |
Delivery of own shares held | shares |  |  |  |  |  | 1 |  |  |
[1] | In May 2023, there was an agreement to buy 469.2 million (March 2022 – 549.9 million, March 2021 - 591.0 million) ordinary shares of the Company from UK Government Investments Ltd (UKGI) at 268.4 pence per share (March 2022 - 220.5 pence per share, March 2021 - 190.5 pence per share) for the total consideration of £1.3 billion (2022 - £1.2 billion, 2021 - £1.1 billion). NatWest Group cancelled 336.2 million of the purchased ordinary shares, amounting to £906.9 million excluding fees and held the remaining 133.0 million shares as Own Shares Held, amounting to £358.8 million excluding fees. The nominal value of the share cancellation has been transferred to the capital redemption reserve.
[2] | NatWest Group plc repurchased and cancelled 460.3 million (2022 – 379.3 million, 2021 - 310.8 million) shares, of which 2.3 million were settled in January 2024. The total consideration of these shares excluding fees was £1,151.7 million (2022 - £829.3 million, 2021 £676.2 million), of which £4.9 million were settled in January 2024, as part of the On Market Share Buyback Programmes. The nominal value of the share cancellations has been transferred to the capital redemption reserve.
[3] | Comparative results have been re-presented from those previously published to reclassify certain items as discontinued operations as described in Note 8 to the consolidated financial statements.

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