Nigeria’s Guaranty Trust Holding Company Completes London Listing Transition
In a strategic shift aimed at simplifying its capital structure and enhancing investor engagement, Guaranty Trust Holding Company Plc (GTCO) has successfully completed the delisting of its Global Depositary Receipts (GDRs) from the London Stock Exchange (LSE). The change took effect on July 31, 2025, at 8:00 a.m., following the company’s earlier announcement on July 3, 2025.
GTCO’s move coincides with its admission of Ordinary Shares to the UK Financial Conduct Authority’s (FCA) Official List and trading on the LSE’s main market, marking a significant milestone for West African financial services. This dual listing, a first for the region, reflects GTCO’s commitment to transparency, global standards, and investor accessibility.
“We are proud to lead the way as the first West African financial institution to achieve this dual listing,” GTCO said in a statement. The company also announced that its ticker symbol on the LSE will change from “GTHC” to “GTCO” from August 1, 2025, bringing its international identity in line with its domestic brand.
The dual listing follows the successful pricing of GTCO’s fully marketed offering on the LSE, which raised $105 million in gross proceeds through the issuance of 2.29 billion new Ordinary Shares. The robust book of high-quality, long-term institutional investors underscores strong market confidence in GTCO’s growth trajectory.
GTCO emphasized that, despite the cancellation of the GDR listing, it will maintain its Ordinary Share listing on the LSE under the new ticker, ensuring continued access for international investors. Furthermore, subject to regulatory criteria, GTCO’s Ordinary Shares will be transferable between the Nigerian and UK exchanges, offering enhanced liquidity and flexibility for shareholders.
This strategic move by GTCO mirrors a global trend of companies seeking simplified capital structures and enhanced shareholder flexibility. As African capital markets continue to mature, innovative listings like GTCO’s dual-listing are expected to play a pivotal role in attracting international investors and fostering cross-border investment.
