FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

of the Securities Exchange Act of 1934

For November 23, 2023

Commission File Number: 001-10306

NatWest Group plc

Gogarburn, PO Box 1000

Edinburgh EH12 1HQ

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

   Form 20-F X Form 40-F ___

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.

Yes ___ No X

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ________

The following information was issued as Company announcements in London, England and is furnished pursuant to General Instruction B to the General Instructions to Form 6-K: 

NatWest Group plc

23 November 2023

Transaction in Own Shares

NatWest Group plc (the 'Company' or 'NWG') announces today that it has purchased the following number of ordinary shares in the Company with a nominal value of £1.0769* each ('Ordinary Shares') from UBS AG, London Branch ('UBS').

Aggregated information:

Date of purchase	Number of Ordinary Shares purchased	Highest price paid: (GBp)	Lowest price paid: (GBp)	Volume  weighted average price paid per share (GBp)	Venue
23 November 2023	212,487	205.90	203.60	204.4367	LSE
23 November 2023	52,102	205.70	203.80	204.4594	CHIX
23 November 2023	125,823	205.70	203.80	204.3717	BATE

* Note: the nominal value of Ordinary Shares without rounding is £1.076923076923077 per share

Such purchases form part of the Company's existing share buyback programme and were effected pursuant to the instructions issued by the Company to UBS on 31 July 2023, as announced on 31 July 2023.

The Company intends to cancel the repurchased Ordinary Shares.

Following the settlement of the above transactions, NWG will hold 203,688,716 Ordinary Shares in treasury and have 8,809,930,044 Ordinary Shares in issue (excluding treasury shares).

Further information:

Investor Relations

+ 44 (0)207 672 1758

Media Relations

+44 (0)131 523 4205

Legal Entity Identifier: 2138005O9XJIJN4JPN90

Transaction details

In accordance with Article 5(1)(b) of Regulation (EU) No.596/2014 as it applies in the UK (Market Abuse Regulation), a full breakdown of the individual trades made by UBS on behalf of the Company as part of the buyback programme is detailed below:

Transaction Date	Time	Time Zone	Volume (shares)	Price (GBp)	Trading Venue	MatchID
23 November 2023	08:05:35	BST	822	204.20	BATE	1131953
23 November 2023	08:05:35	BST	4000	204.20	BATE	1131951
23 November 2023	08:10:19	BST	4179	204.50	BATE	1134816
23 November 2023	08:10:19	BST	430	204.50	BATE	1134814
23 November 2023	08:16:12	BST	4916	204.60	BATE	1138948
23 November 2023	08:20:13	BST	4668	205.10	BATE	1141366
23 November 2023	08:30:51	BST	5267	205.30	BATE	1147635
23 November 2023	08:42:30	BST	4837	205.50	BATE	1154428
23 November 2023	09:11:59	BST	464	205.70	BATE	1172714
23 November 2023	09:11:59	BST	5118	205.70	BATE	1172716
23 November 2023	09:32:21	BST	358	204.50	BATE	1185763
23 November 2023	09:32:21	BST	4400	204.50	BATE	1185761
23 November 2023	10:03:43	BST	916	204.20	BATE	1204196
23 November 2023	10:03:55	BST	3647	204.20	BATE	1204320
23 November 2023	10:10:00	BST	1280	204.10	BATE	1207546
23 November 2023	10:10:00	BST	3987	204.10	BATE	1207544
23 November 2023	10:54:14	BST	5403	204.10	BATE	1230360
23 November 2023	10:54:14	BST	4181	204.10	BATE	1230358
23 November 2023	10:54:14	BST	399	204.10	BATE	1230354
23 November 2023	10:54:14	BST	861	204.10	BATE	1230362
23 November 2023	10:54:14	BST	3948	204.10	BATE	1230364
23 November 2023	11:31:15	BST	4980	204.10	BATE	1246241
23 November 2023	11:32:27	BST	772	204.10	BATE	1246967
23 November 2023	11:32:29	BST	990	204.10	BATE	1246988
23 November 2023	11:32:49	BST	667	204.10	BATE	1247213
23 November 2023	11:33:16	BST	2618	204.10	BATE	1247369
23 November 2023	11:33:16	BST	4696	204.10	BATE	1247371
23 November 2023	11:33:16	BST	574	204.10	BATE	1247367
23 November 2023	11:33:31	BST	518	204.00	BATE	1247530
23 November 2023	11:33:31	BST	3701	204.00	BATE	1247528
23 November 2023	11:33:31	BST	475	204.00	BATE	1247526
23 November 2023	11:56:33	BST	5234	203.80	BATE	1258041
23 November 2023	11:56:33	BST	3	203.80	BATE	1258043
23 November 2023	11:56:33	BST	4805	203.80	BATE	1258047
23 November 2023	12:07:45	BST	2834	204.10	BATE	1264236
23 November 2023	12:07:45	BST	2155	204.10	BATE	1264234
23 November 2023	12:18:05	BST	443	203.80	BATE	1269066
23 November 2023	12:18:34	BST	470	203.80	BATE	1269280
23 November 2023	12:23:08	BST	2101	204.10	BATE	1271137
23 November 2023	12:23:08	BST	2626	204.10	BATE	1271135
23 November 2023	12:26:55	BST	5477	204.00	BATE	1272483
23 November 2023	12:37:26	BST	5029	204.10	BATE	1277295
23 November 2023	12:52:54	BST	561	204.30	BATE	1284671
23 November 2023	12:52:54	BST	4930	204.30	BATE	1284667
23 November 2023	13:22:00	BST	30	204.80	BATE	1297325
23 November 2023	13:22:00	BST	5053	204.80	BATE	1297323
23 November 2023	08:10:19	BST	2439	204.50	CHIX	1134822
23 November 2023	08:10:19	BST	2623	204.50	CHIX	1134820
23 November 2023	08:20:13	BST	1507	205.10	CHIX	1141368
23 November 2023	08:20:13	BST	3656	205.10	CHIX	1141364
23 November 2023	08:40:35	BST	4551	205.30	CHIX	1153362
23 November 2023	09:16:40	BST	699	205.70	CHIX	1175476
23 November 2023	09:16:41	BST	4685	205.70	CHIX	1175490
23 November 2023	10:02:42	BST	5342	204.20	CHIX	1203744
23 November 2023	10:54:14	BST	5400	204.10	CHIX	1230356
23 November 2023	11:36:05	BST	100	203.90	CHIX	1248718
23 November 2023	11:36:05	BST	2803	203.90	CHIX	1248716
23 November 2023	11:41:12	BST	567	203.90	CHIX	1250824
23 November 2023	11:41:24	BST	558	203.90	CHIX	1250993
23 November 2023	11:41:24	BST	441	203.90	CHIX	1250991
23 November 2023	11:42:20	BST	1053	203.90	CHIX	1251436
23 November 2023	11:44:57	BST	1519	203.80	CHIX	1252533
23 November 2023	11:44:57	BST	2093	203.80	CHIX	1252531
23 November 2023	11:44:57	BST	623	203.80	CHIX	1252529
23 November 2023	11:44:57	BST	45	203.80	CHIX	1252527
23 November 2023	11:44:57	BST	346	203.80	CHIX	1252525
23 November 2023	11:44:57	BST	473	203.80	CHIX	1252523
23 November 2023	11:56:33	BST	5110	203.80	CHIX	1258039
23 November 2023	12:52:54	BST	1117	204.30	CHIX	1284673
23 November 2023	12:52:54	BST	4352	204.30	CHIX	1284669
23 November 2023	08:05:35	BST	4718	204.20	LSE	1131949
23 November 2023	08:10:19	BST	5596	204.50	LSE	1134818
23 November 2023	08:17:45	BST	2084	204.70	LSE	1139918
23 November 2023	08:17:45	BST	3415	204.70	LSE	1139916
23 November 2023	08:17:49	BST	15	204.90	LSE	1139949
23 November 2023	08:17:49	BST	5292	205.00	LSE	1139945
23 November 2023	08:17:50	BST	5309	204.90	LSE	1139955
23 November 2023	08:17:51	BST	3831	204.80	LSE	1139966
23 November 2023	08:17:52	BST	1613	204.80	LSE	1139974
23 November 2023	08:17:52	BST	4712	204.70	LSE	1139976
23 November 2023	08:20:13	BST	2162	205.10	LSE	1141374
23 November 2023	08:20:13	BST	3089	205.10	LSE	1141372
23 November 2023	08:20:13	BST	4911	205.10	LSE	1141370
23 November 2023	08:20:57	BST	5754	204.90	LSE	1141810
23 November 2023	08:30:51	BST	4699	205.40	LSE	1147633
23 November 2023	08:42:30	BST	5511	205.50	LSE	1154430
23 November 2023	08:59:49	BST	3294	205.90	LSE	1165664
23 November 2023	08:59:49	BST	1708	205.90	LSE	1165662
23 November 2023	09:23:36	BST	5245	205.10	LSE	1179636
23 November 2023	09:36:43	BST	4954	204.50	LSE	1188054
23 November 2023	09:49:39	BST	4886	204.40	LSE	1195842
23 November 2023	10:05:21	BST	5705	204.10	LSE	1205171
23 November 2023	10:31:59	BST	4117	203.90	LSE	1218798
23 November 2023	10:31:59	BST	1431	203.90	LSE	1218796
23 November 2023	10:54:14	BST	2216	204.00	LSE	1230370
23 November 2023	10:54:14	BST	2658	204.00	LSE	1230368
23 November 2023	10:54:14	BST	5390	204.10	LSE	1230366
23 November 2023	11:11:15	BST	5459	204.70	LSE	1238272
23 November 2023	11:21:54	BST	4680	204.30	LSE	1242644
23 November 2023	11:34:20	BST	5505	204.00	LSE	1248000
23 November 2023	11:34:20	BST	4830	204.00	LSE	1247998
23 November 2023	11:36:05	BST	98	204.00	LSE	1248732
23 November 2023	11:36:05	BST	866	204.00	LSE	1248730
23 November 2023	11:36:05	BST	660	204.00	LSE	1248728
23 November 2023	11:36:05	BST	1620	204.00	LSE	1248726
23 November 2023	11:36:05	BST	2000	204.00	LSE	1248724
23 November 2023	11:36:05	BST	2801	204.00	LSE	1248708
23 November 2023	11:36:05	BST	2701	204.00	LSE	1248706
23 November 2023	11:36:24	BST	5376	204.00	LSE	1248817
23 November 2023	11:43:05	BST	5258	203.90	LSE	1251756
23 November 2023	11:43:48	BST	4172	203.80	LSE	1252111
23 November 2023	11:43:48	BST	37	203.80	LSE	1252109
23 November 2023	11:43:48	BST	537	203.80	LSE	1252107
23 November 2023	11:56:33	BST	5348	203.80	LSE	1258045
23 November 2023	11:56:33	BST	5255	203.80	LSE	1258049
23 November 2023	12:01:31	BST	254	203.60	LSE	1261049
23 November 2023	12:01:55	BST	4652	203.60	LSE	1261213
23 November 2023	12:07:45	BST	1151	204.10	LSE	1264240
23 November 2023	12:07:45	BST	3998	204.10	LSE	1264238
23 November 2023	12:20:16	BST	5364	203.80	LSE	1270029
23 November 2023	12:21:17	BST	5513	204.20	LSE	1270476
23 November 2023	12:44:21	BST	5280	204.20	LSE	1280510
23 November 2023	12:46:31	BST	1558	204.00	LSE	1281780
23 November 2023	12:46:31	BST	3287	204.00	LSE	1281778
23 November 2023	12:55:18	BST	5284	204.40	LSE	1285594
23 November 2023	12:55:18	BST	95	204.40	LSE	1285592
23 November 2023	13:22:00	BST	4906	204.80	LSE	1297327
23 November 2023	13:30:27	BST	4703	204.90	LSE	1302329
23 November 2023	13:48:59	BST	4897	204.90	LSE	1313341
23 November 2023	13:48:59	BST	27	204.90	LSE	1313339

Date: 23 November 2023

NATWEST GROUP plc (Registrant)

By: /s/ Jan Cargill

Name: Jan Cargill

Title: Chief Governance Officer and Company Secretary