NWG Natwest Group Plc

TIDMNWG

RNS Number : 2867Y

NatWest Group plc

05 September 2022

ADAM & COMPANY PRIVATE BANKING BUSINESS

NatWest Group plc

5 September 2022

NatWest Group plc ("NatWest Group") announced on 17 March 2022 that a Petition had been presented to the Court of Session in Edinburgh (the "Court") seeking an order under Part VII of the Financial Services and Markets Act 2000 sanctioning a banking business transfer scheme (the "Scheme") for the transfer of the private banking (including execution-only dealing services and custody account services) and lending business carried on under the "Adam & Company" brand and trading name by The Royal Bank of Scotland plc, a public limited company incorporated in Scotland, to Coutts & Company, a private unlimited company incorporated in England and Wales. The Royal Bank of Scotland plc and Coutts & Company are both subsidiaries of NatWest Group.

NatWest Group is pleased to announce that the Court of Session approved the Scheme on 31 May 2022 and that the Scheme came into effect on 3 September 2022.

For Further Information contact:

NatWest Group Investor Relations

Alexander Holcroft

Head of Investor Relations

+44 20 7672 1758

NatWest Group Media Relations

+44(0)131 523 4205

 
                              Legal Entity Identifier 
 NatWest Group plc            2138005O9XJIJN4JPN90 
 The Royal Bank of Scotland   549300WHU4EIHRP28H10 
  plc 
 Coutts & Company             549300OLXJ4Y010LOT3 
 
 

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September 05, 2022 06:18 ET (10:18 GMT)

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