Capital Market
GTCO Delists GDRs from LSE, Reaffirms Dual Listing Commitment
Guaranty Trust Holding Company Plc (GTCO) has concluded the delisting of its Global Depositary Receipts (GDRs) from the London Stock Exchange (LSE), with the process taking effect at 8:00 a.m. on July 31, 2025.
In line with this transition, the company also announced that its LSE ticker symbol will change from “GTHC” to “GTCO” starting August 1, 2025. This update brings its international trading identity in line with its domestic brand name.
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GTCO had earlier notified the market of its intention to cancel the GDR listing on July 3, 2025, as part of a broader strategic shift toward direct equity listings. The company emphasized that it would continue to maintain its Ordinary Share listing on the LSE under the new ticker, allowing international investors continued access to its stock.
This development follows a major achievement earlier in July when GTCO successfully secured a listing of its Ordinary Shares on the UK Financial Conduct Authority’s Official List under the Equity Shares (International Commercial Companies Secondary Listing) category. The shares were also admitted to trading on the LSE’s main market for listed securities. This milestone marks GTCO as the first West African financial institution to achieve a dual listing on both the Nigerian Exchange (NGX) and the London Stock Exchange—a move hailed as a breakthrough in the region’s financial market landscape.
GTCO expressed pride in this accomplishment, stating that the dual listing underscores its commitment to upholding global standards, enhancing transparency, and improving investor access.
The Ordinary Share listing followed the successful completion of a fully marketed offering that raised $105 million in gross proceeds through the issuance of 2.29 billion new shares. The offering attracted considerable interest from long-term institutional investors, reflecting strong confidence in the company’s business strategy and growth outlook.
GTCO also noted that, subject to regulatory requirements, its Ordinary Shares will be transferable between the Nigerian and UK exchanges, giving shareholders greater liquidity and flexibility. The company’s decision to exit the GDR structure is aimed at streamlining its capital base, reducing operational complexity, and fostering stronger engagement with both domestic and global investor communities.
