New reaching us says that GT bank has changed the way it operates, as a result the company is expected to delist from the Nigeria stock exchange. If this is true, this will be a big lost for Nigerian investors.
Guaranty Trust Bank Plc announced that it has obtained an approval-in-principle from the Central bank of Nigeria (CBN) to operate as a financial holding company.
The press release partly reads,
“Guaranty Trust Bank plc (GTBank or the Bank) is pleased to announce that it has obtained the approval-in-principle of the Central Bank of Nigeria (the CBN) to commence the formal process of the reorganization of the Bank to a financial holding company (The Restructuring), which will be implemented by means of a scheme of arrangement between the Bank and its shareholders pursuant to the Companies and Allied Matters Act (the Scheme).”
Guaranty Trust Bank Plc announced that it has obtained an approval-in-principle from the Central bank of Nigeria (CBN) to operate as a financial holding company.
This disclosure was made by the Board of Guaranty Trust Bank Plc in a press release sent to the Nigerian Stock Exchange.
The press release partly reads,
“Guaranty Trust Bank plc (GTBank or the Bank) is pleased to announce that it has obtained the approval-in-principle of the Central Bank of Nigeria (the CBN) to commence the formal process of the reorganization of the Bank to a financial holding company (The Restructuring), which will be implemented by means of a scheme of arrangement between the Bank and its shareholders pursuant to the Companies and Allied Matters Act (the Scheme).”
Guaranty Trust Bank Plc announced that it has obtained an approval-in-principle from the Central bank of Nigeria (CBN) to operate as a financial holding company.
The press release partly reads,
“Guaranty Trust Bank plc (GTBank or the Bank) is pleased to announce that it has obtained the approval-in-principle of the Central Bank of Nigeria (the CBN) to commence the formal process of the reorganization of the Bank to a financial holding company (The Restructuring), which will be implemented by means of a scheme of arrangement between the Bank and its shareholders pursuant to the Companies and Allied Matters Act (the Scheme).”
Guaranty Trust Bank Plc announced that it has obtained an approval-in-principle from the Central bank of Nigeria (CBN) to operate as a financial holding company.
This disclosure was made by the Board of Guaranty Trust Bank Plc in a press release sent to the Nigerian Stock Exchange.
The press release partly reads,
“Guaranty Trust Bank plc (GTBank or the Bank) is pleased to announce that it has obtained the approval-in-principle of the Central Bank of Nigeria (the CBN) to commence the formal process of the reorganization of the Bank to a financial holding company (The Restructuring), which will be implemented by means of a scheme of arrangement between the Bank and its shareholders pursuant to the Companies and Allied Matters Act (the Scheme).”