Blueprint
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
September 29, 2017
Commission
File Number: 001-09266
National
Westminster Bank PLC
135
Bishopsgate
London
EC2M 3UR
(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 if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(1):_________
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(7):_________
NATIONAL WESTMINSTER BANK PLC
Redemption of Series C Non-Cumulative Dollar Preference
Shares
21
August 2017
National
Westminster Bank Plc ("NatWest") has given notice to holders of
the redemption of its Series C Non-Cumulative Dollar Preference
Shares (the "Preference
Shares") detailed below.
The
Preference Shares will cease to accrue dividends and shall be
cancelled and all unmatured dividend coupons and talons (if any)
shall become void for any purpose, as from the relevant redemption
date.
The
Preference Shares will cease to trade on the New York Stock
Exchange from the Redemption Date (detailed below).
The
redemption amount with respect to the Preference Shares shall be
paid out of distributable reserves of NatWest. Approximately
£0.20 billion (equivalent) of the Preference Shares are
expected to be redeemed, reducing NatWest's retained earnings and
distributable items by approximately £0.20
billion.
Redemption of USD Preference Shares
Redemption
on 16 October 2017 (the "Redemption
Date"), in whole, of the Non-cumulative USD Preference
Shares Series C (ADS CUSIP: 638539882 ADS ISIN: US6385398820),
amount outstanding US$245,729,875.00 and the corresponding series
of American Depositary Shares ("ADSs"), at the redemption price of
US$25.00 per Preference Share and per ADS, plus accrued dividends
for the current dividend period to, and including, the Redemption
Date, which dividend shall equal $0.539075 per Preference
Share.
On the
Redemption Date, the depositary for the American depositary
receipts evidencing the ADSs will redeem the number of ADSs
corresponding to the Preference Shares being redeemed at a price
per ADS equal to the per share amount received by the depositary
upon redemption of the Preference Shares. As from the Redemption
Date, the holders of the ADSs representing the Preference Shares
will, upon surrender of the ADSs, be entitled to receive funds
deposited with JPMorgan Chase Bank, N.A. as depositary with respect
to the Preference Shares, without interest.
Holders
of the ADSs should read the notice relating to the redemption of
the Preference Shares on the actions that they need to undertake to
receive the redemption proceeds.
For
further information and copies of the notice, please
contact:
JPMorgan Chase Bank, N.A. (depositary) at telephone number +1 800
990 1135.
National Westminster Bank Plc:
Scott
Forrest
Head of
RBS Debt Capital Markets & Capital Strategy
Tel:
+44 (0) 20 7678 5313
This
announcement contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995, including,
without limitation, statements that include the words "intends",
"expects", "anticipates", "targets", "plans", "estimates" and words
of similar import. These statements concern or may affect future
matters, such as RBS's and the Group's future economic results,
business plans and current strategies. Forward-looking statements
are subject to a number of risks and uncertainties that might cause
actual results and performance to differ materially from any
expected future results or performance expressed or implied by the
forward-looking statements. Factors that could cause or contribute
to differences in current expectations include, but are not limited
to, legislative, political, fiscal and regulatory developments,
accounting standards, competitive conditions, technological
developments, exchange rate fluctuations and general economic
conditions. These and other factors, risks and uncertainties that
may impact any forward-looking statement or RBS's and the Group's
actual results are discussed in the Group's 2016 Annual Report and
Accounts and its interim results for the six-months ended 30 June
2017 and materials filed with, or furnished to, the US Securities
and Exchange Commission, including, but not limited to, the Group's
most recent Annual Report on Form 20-F and Reports on Form 6-K. The
forward-looking statements contained in this announcement speak
only as of the date of this document and RBS and the Group do not
assume or undertake any obligation or responsibility to update any
of the forward-looking statements contained in this announcement,
whether as a result of new information, future events or otherwise,
except to the extent legally required.
Legal
Entity Identifier: 213800IBT39XQ9C4CP71
Signatures
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
Date:
29 September 2017
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NATIONAL
WESTMINSTER BANK PLC (Registrant)
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By:
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/s/ Jan
Cargill
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Name:
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Jan
Cargill
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Title:
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Deputy
Secretary
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