Guaranty Trust Holding Company Plc (“GTCO” or the “Company”) has obtained the approvals of each the Central Bank of Nigeria (“CBN”) and the Securities and Exchange Commission to undertake a personal placement of its peculiar shares, topic to the fulfilment of the relevant situations precedent and regulatory necessities.
The Financial Holding Company had earlier on August 29, 2025 introduced that its banking subsidiary (Guaranty Trust Bank Limited) had glad and surpassed the brand new CBN minimal capital requirement for business banks with worldwide authorisation, having already elevated its capital to ₦504,037,107,058.45.
This non-public placement within the sum of ₦10 Billion is subsequently solely being raised pursuant to Section 7.1 of the Guidelines for Licensing and Regulation of Financial Holding Companies (FHCs) in Nigeria concerning the computation of the capital of FHCs.
According to an announcement signed by the corporate’s Group General Counsel/Company Secretary, Erhi Obebeduo, the proposed non-public placement is being undertaken pursuant to the corporate’s shareholders’ decision handed at its Annual General Meeting held on 9 May 2024 which authorised the Board to ascertain a capital elevating programme of as much as US$750,000,000.00 (Seven Hundred and Fifty Million United States Dollars) or its equal via the issuance of peculiar shares, choice shares, convertible and/or non-convertible bonds or some other devices, whether or not by means of a public providing, non-public placement, rights problem, e book constructing course of or some other methodology or mixture of strategies in such tranches, and at such dates and upon phrases and situations as could also be decided by the Board.
The assertion additional learn that, “As a result of this, the Board has authorised the Company to embark on a private placement to raise N10,000,000,000.00 (Ten Billion Naira only), by the allotment of 125,000,000 (one hundred and twenty-five million) ordinary shares of ₦0.50 (Fifty Kobo) each (the “Private Placement”).
“The Company has entered into an arrangement, in connection with a best efforts private placement for gross proceeds of up to ₦10 Billion from the sale of up to 125,000,000 of the ordinary shares of the Company at ₦80 per share”.
The Offering is scheduled to shut on December 31, 2025 (the “Closing Date”) and is topic to sure situations, together with, however not restricted to, receipt of all crucial approvals.
Enquiries:
GTCO
Oyinade Adegite,
Group Corporate Communication
