Connect with us

Business

GTCO: Regulators Seal N10bn Private Placement

Published

6 months ago

on

Nigeria’s top financial services provider,  Guaranty Trust Holding Company Plc, GTCO,  says it has successfully completed its N10 billion private placement, allotting the entire 125 million ordinary shares offered to a single investor.

The Segun Agbaje-led bank disclosed that the transaction, priced at N80  per share  has been approved by the Securities and Exchange Commission, SEC.

According to a notice filed with the Nigerian Exchange, NGX on Thursday, January 22, 2026, the financial services company said  only one application was received for the entire offer, consisting of 125,000,000 ordinary shares of 50 kobo each.

The company further stated in a statement signed by Erhi Obebeduo, the group’s General Counsel and Company Secretary, that  SEC and the Central Bank of Nigeria, CBN, have certified the transactions.

Advertisement — click to learn more
GTCO disclosed further that the allotment process saw the lone investor apply for and receive all the 125 million shares, which were allocated under the highest application band of 50,000,001 shares and above. This translated to a total subscription value of N10 billion.

It also stated that  DataMax Registrars Limited, the registrar managing the group’s share registers, has been directed to immediately credit the shares to the investor’s account.

Related Topics:

Trending