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Retail investors could receive a “bonus” share in NatWest if they hold on to the stock for at least a year, in plans being drawn up by ministers for a populist Tell Sid-style privatisation of some of the government’s remaining shares in the bank.
It plans a mass-market sale of NatWest shares, which Jeremy Hunt, the chancellor, has said could “create a new generation of retail investors”.
The Treasury has a stake in NatWest Group of about 28 per cent, worth an estimated £7 billion. The retail offer will be launched alongside an institutional placing, which together could result in the Treasury’s stake falling as low as 10 per cent, according to reports.
Ministers are exploring plans that could award one bonus share for every
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