Guaranty Trust Holding Company Plc (GTCO Plc), Africa’s main and most worthwhile {Financial} Companies Group, has recorded a big milestone in its development and enlargement journey with the profitable admission of its Abnormal Shares to the Fairness Shares (Worldwide Business Firms Secondary Itemizing) class of the Official Record of the {Financial} Conduct Authority (FCA) and to buying and selling on the primary marketplace for listed securities of the London Inventory Change.
This historic achievement makes GTCO Plc, the first {Financial} Companies Establishment in West Africa to twin listing its Abnormal Shares on each the Nigerian and London inventory exchanges, and topic to sure standards, it’s anticipated that the Shares will probably be transferrable between the 2 exchanges.
The admission follows the profitable pricing of its totally marketed providing (The Providing) on the London Inventory Change to lift gross proceeds of $105million in alternate for two.29 billion of recent unusual shares within the firm, which was supported by a robust guide of high-quality, long-term institutional buyers.
Concurrent with the Providing, the Firm additionally gave discover of its intention to cancel the itemizing of its current GDRs on the certificates representing sure securities (depositary receipts) class of the Official Record of the UK {Financial} Conduct Authority (“FCA”) and the admission to buying and selling of GDRs on the London Inventory Change’s foremost marketplace for listed securities.
Constructing on the momentum of the profitable first tranche of its fairness capital increase programme in July 2024, which secured ₦209 billion, GTCO will deploy the proceeds from the Providing to strengthen its capital base, meet its recapitalization goal, and fund strategic enlargement throughout high-growth markets and precedence sectors inside and outdoors Nigeria.
It’s anticipated that Admission and unconditional dealing within the Shares will turn out to be efficient on or earlier than 8.00 a.m. (UK time) on 9 July 2025 underneath the ticker “GTHC”. Following the cancellation of the GDRs itemizing, the Firm intends to alter the ticker image for the Shares from “GTHC” to “GTCO” and can challenge a separate announcement sooner or later to that impact.
Commenting on the LSE Itemizing, the Group Chief Govt Officer of Guaranty Trust Holding Company Plc, Mr. Segun Agbaje, mentioned: “Right this moment marks a serious milestone—not only for GTCO, however for the longer term we see for African {financial} establishments on the worldwide stage. We’re extremely proud to be the first {Financial} Companies Establishment in West Africa to listing our unusual shares on London Inventory Change’s foremost marketplace for listed securities, and much more honored by the belief positioned in us by the investing group. For us, this was not nearly elevating capital. It was about validating the power of our franchise, the readability of our technique, and the self-discipline with which we execute.”
He additional mentioned; “I wish to thank everybody who made this attainable—our advisors and authorized groups, our longstanding shareholders, the regulators each in Nigeria and within the UK, in addition to the Nigerian authorities for creating an atmosphere that helps our daring ambition and imaginative and prescient to be Africa’s main {financial} companies establishment.”
GTCO’s totally marketed providing attracted long-term institutional capital, reflecting investor confidence within the Group’s fundamentals, governance, and strategic outlook. It additionally indicators bettering market sentiment, buoyed by ongoing {economic} reforms by the Federal Authorities and a return to conventional orthodox financial coverage by the Central Bank of Nigeria, which have gone a protracted technique to stabilising the macroeconomic atmosphere and regularly restoring investor confidence in Nigeria’s long-term prospects.
About GTCO Plc
GTCO Plc is considered one of Africa’s main {financial} companies establishments with a longstanding observe file of sturdy development, service excellence, and shareholder returns. The Group operates throughout banking, funds, asset administration, and pension administration in eleven nations, together with Nigeria, the UK, and key African markets.
