Nigerian Exchange Limited Lists Shares of GTHoldco : vimarsa

Nigerian Exchange Limited Lists Shares of GTHoldco


Goddy Egene
The Nigerian Exchange (NGX) Limited last week listed Guaranty Trust Holding Company Plc (GT HoldCo) after delisting Guaranty Trust Bank Plc.
The entire 29,431,179,224 issued shares of GTB were delisted while GT Holdco’s entire issued share capital of 29,431,179,224 ordinary shares of 50 kobo each were listed on the bourse.
The NGX had penultimate week suspended trading in the shares of GTBank in preparation for the delisting and listing of GTHoldCo pursuant to the Scheme of Arrangement between the bank and its shareholders.
In November 2020, Guaranty Trust Bank (GTBank) had notified NGX that it had obtained regulatory approval-in-principle (AIP) to restructure into a financial holding company (Holdco), which was approved later by the bank’s shareholders.

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