CBN, SEC approve GTCO’s N209bn equity capital offer
- Guaranty Trust Holding Company Plc has raised N209 billion from investors, completing the first tranche of its equity capital raise programme.
- The Central Bank of Nigeria and the Securities and Exchange Commission approved the capital raise, which attracted 130,617 valid applications.
- Segun Agbaje, Group Chief Executive Officer of GTCO Plc, announced that the second phase will begin in 2025, focusing on foreign institutional investments.
- The funds will enhance Guaranty Trust Bank Limited's ability to meet regulatory requirements and support growth initiatives across the group.
29 Articles
29 Articles
CBN, SEC approve GTCO’s N209bn equity capital offer
Guaranty Trust Holding Company Plc has secured the necessary approvals from the Central Bank of Nigeria and the Securities and Exchange Commission for the first tranche of its equity capital raise programme, successfully raising N209.41bn. In a statement issued on Monday, GTCO disclosed that the offer attracted significant interest from domestic retail investors, resulting in
Recapitalisation: GTCO rakes in N209bn in first phase of capital raise - Daily Trust
Guaranty Trust Holding Company Plc has completed the first tranche of its equity capital raise programme, garnering N209bn from investors. This followed the completion of the capital verification exercise conducted by the Central Bank of Nigeria (CBN) and the approval of the Basis of Allotment of the Offer by the Securities and Exchange Commission (SEC). The Offer, which garnered substantial interest from domestic retail investors, raised a tota…
Recapitalisation: GTCO Raises N209bn Through Equity Capital - Tech
Guaranty Trust Holding Company (GTCO) has raised N209.41 billion at the first tranche of its equity capital raise programme in tune with the ongoing recapitalisation exercise in the banking sector. This, according to the GTCO, followed the completion of the capital verification exercise conducted by the Central Bank of Nigeria (CBN) and the approval of the Basis of Allotment of the Offer by the Securities and Exchange Commission (SEC). The offer…
GTCO completes first phase equity capital raise programme, raises N209bn
Tribune Online GTCO completes first phase equity capital raise programme, raises N209bn Guaranty Trust Holding Company Plc (GTCO) has announced the successful completion of the first tranche of its equity capital raise programme, following the completion of the capital verification exercise conducted by the Central Bank of Nigeria (CBN) and the approval of the Basis of Allotment of the Offer by the Securities and Exchange Commission (SEC). […] G…
N209bn Raised As GTCO Completes First Phase Of Equity Capital Raise
N209bn Raised As GTCO Completes First Phase Of Equity Capital Raise Guaranty Trust Holding Company Plc (“GTCO Plc” or the “Group”) (NGX: GTCO) is pleased to announce the successful completion of the first tranche of its equity capital raise programme, following the completion of the capital verification exercise conducted by the Central Bank of Nigeria (CBN) and the approval of the Basis of Allotment of the Offer by the Securities and Exchange C…
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