GTCO PLC Pronounces Profitable Completion of the first Section of Its Fairness Capital Increase Programme; Raises ₦209 Billion

Guaranty Trust Holding Company Plc (“GTCO Plc” or the “Group”) (NGX: GTCO) is happy to announce the profitable completion of the primary tranche of its fairness capital elevate programme, following the completion of the capital verification train carried out by the Central Bank of Nigeria (CBN) and the approval of the Foundation of Allotment of the Supply by the Securities and Change Fee (SEC).

The Supply, which garnered substantial curiosity from home retail traders, raised a complete of ₦209.41 billion from 130,617 legitimate purposes for 4,705,800,290 Atypical Shares, totally allotted. This milestone concludes the primary section of GTCO’s phased fairness capital elevate programme, which is structured on a balanced allocation technique based mostly on an equal cut up between institutional and retail traders. This balanced method aligns with GTCO Plc’s dedication to fostering a well-diversified and strong investor base.

Commenting on this section of the recapitalization train, Segun Agbaje, Group Chief Government Officer of GTCO Plc, expressed his gratitude: “We prolong our honest appreciation to our new and current shareholders, in addition to the regulatory authorities, for his or her unwavering assist throughout this preliminary section of our fairness capital elevate. The robust participation and profitable capital verification train and allotment course of reaffirm the arrogance traders have in our fundamentals and execution capabilities. This units a strong basis for accelerating our strategic roadmap, which goals to pivot the Group for transformational development and unlock larger worth throughout the Group’s Banking and Non-Banking companies.”

GTCO Plc continues to guide its friends in key profitability metrics and monetary efficiency. Constructing on this profitable first section, the Group will start the second section of its recapitalization plan in 2025, which is strategically positioned to draw important overseas institutional investments, reinforcing its fame as a “Actually Worldwide” monetary providers model.

Proceeds from the mixed fairness elevate shall be strategically deployed to recapitalize the Group’s flagship subsidiary, Guaranty Trust Financial institution Restricted (GTBank Nigeria), enhancing its skill to satisfy regulatory necessities and additional solidify its place as a number one monetary establishment. Moreover, the funds will assist Group-wide development initiatives, together with footprint growth, product enhancement, and innovation throughout each Banking and Non-Banking subsidiaries. GTCO stays dedicated to delivering sustainable worth to its stakeholders and driving innovation throughout the monetary providers panorama in Africa.

About GTCO Plc

The GTCO Plc Group is without doubt one of the largest monetary providers establishments in Africa. Headquartered in Lagos, Nigeria, Guaranty Trust Holding Company Plc maintains direct and oblique investments in a community of working entities situated in 10 international locations throughout Africa and the UK. Inside these areas, the working entities present a complete vary of economic banking and associated monetary providers to hundreds of thousands of retail, institutional, non-public banking and wealth administration clients, along with asset administration, pension fund administration, and cost expertise companies.