GTCO Lists Additional Shares after Private Placement
Guaranty Trust Holding Company (GTCO) Plc listed additional shares on the Nigerian Exchange (NGX) trading platform following the completion of its private placement.
The financial services group had earlier disclosed that it received an application for 125,000,000 ordinary shares in connection with the private placement from an undisclosed party.
GTCO told the regulator that the application was deemed valid under the terms of the Private Placing and was processed accordingly. It said the Private Placing was therefore 100% subscribed as of January 22, 2026.
Data from the Nigerian Exchange showed that GTCO shares outstanding on the trading platform increased to 36.550 billion at the close of the trading session on Friday.
Also, the market value of the group’s shares outstanding surged to N3.618 trillion, tracking 4% below its highest valuation in the last 52 weeks on NGX. US, Nigeria Sign Commercial, Investment Partnership to Deepen Trade Ties
