The government has announced plans to sell part of its shareholding in NatWest Group plc (formerly the Royal Bank of Scotland Group plc) through a trading plan.

The trading plan will start on 12 August 2021 at the earliest and finish no later than 11 August 2022. HM Treasury is using a trading system that involves selling shares in the market over time, in an orderly and measured way. 

The implementation of a trading plan represents continued progress towards the government’s plan to return this shareholding, acquired because of the 2007-2008 financial crisis, to private ownership. The government currently has a 54.7% shareholding in NatWest Group.

The use of the trading plan does not stop the government from using other options to execute future transactions that achieve value for money for taxpayers, including during the term of the trading plan.

Source: New feed