SUBSCRIPTION FOR 9 BILLION SHARES OF GTCO AT N44.50 PER UNIT OPENS
Guaranty Trust Holding Company (GTCO) Plc has commenced a public offer to raise N400.5 billion to strengthen its operations, including its banking subsidiary, GTBank Nigeria Limited. This move follows a Central Bank of Nigeria (CBN) directive for banks with international operations to increase their capital base to N500 billion by March 31, 2026.
GTCO is offering approximately 9 billion ordinary shares at N44.50 per share from July 15, 2024, to August 12, 2024, with a minimum subscription of 100 shares. The funds raised will support GTCO's operations and enhance shareholder value.
Guaranty Trust Holding Company (GTCO) Plc has commenced a public offer to raise N400.5 billion to strengthen its operations, including its banking subsidiary, GTBank Nigeria Limited. This move follows a Central Bank of Nigeria (CBN) directive for banks with international operations to increase their capital base to N500 billion by March 31, 2026.
GTCO is offering approximately 9 billion ordinary shares at N44.50 per share from July 15, 2024, to August 12, 2024, with a minimum subscription of 100 shares. The funds raised will support GTCO's operations and enhance shareholder value.