Guaranty Trust Holding Company Plc (GTCO), the parent company of Nigeria’s biggest lender by market value (GTBank), has announced plans to raise $100million new ordinary shares and proposed cancellation of a Global Depository Receipts (GDRs) listing on the London Stock Exchange (LSE).
The lender in a regulating filing also proposed admission of shares on the LSE’s main market for listed securities.
The $100 million Accelerated Bookbuild (ABB), is a capital raise being managed by Citibank, and what appears to be a significant move in the evolution of the bank’s listing journey on the LSE.