NatWest Group plc announced the successful completion of the full disposal of its shareholding, held through subsidiary RBS AA Holdings (UK) Limited, in Irish bank Permanent TSB Group Holdings plc.

“The disposal was effected by way of a placing of shares in an accelerated book building process,” said NatWest.

“The Placing comprised 63,614,171 of PTSB’s ordinary shares, representing approximately 11.7% of the issued ordinary capital of PTSB

“The Placing price was €1.98 per share; as a result, the overall gross proceeds from the sale of the Placing Shares will be approximately €126 million.

“Following settlement of the Placing, which will take place on 17 July 2025, NatWest will have exited its interest in PTSB in full.

“The disposal will have an immaterial impact on NatWest’s CET1 ratio and its TNAV per share.

“In accordance with the terms of the Shareholder Co-operation Agreement entered into between PTSB, NatWest and the Minister for Finance of Ireland, the Minister has undertaken not to sell shares in PTSB for a period of 90 calendar days following the completion of the Placing. For the avoidance of doubt, the Minister did not sell any shares as part of the Placing.”