23rd Sep 2024 12:42
NatWest Group PLC - Edinburgh, Scotland-based bank - The UK government has reduced its shareholding to 16.92% as of Friday last week from 17.97% previously, NatWest says in a stock exchange filing on Monday. NatWest says the government's stake was reduced by the sale of 86.7 million shares since August 30, as part of HM Treasury's trading plan. The UK government had owned 84% of NatWest following a taxpayer bailout of what was then known as Royal Bank of Scotland Group during the financial crisis of 2008 and 2009. As recently as 2018, the government held a 62% stake, but it has been selling this down progressively since. The stake fell below 20% back in July.
Current stock price: 335.90 pence
12-month change: up 42%
By Tom Waite, Alliance News editor
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