Guaranty Trust Holding Company Plc has announced its plan to list ordinary shares on the London Stock Exchange as part of its strategy to raise capital internationally.

In a notice filed with the Nigerian Exchange on July 3, 2025, the company confirmed that its ordinary shares will be admitted to the equity shares category on the UK Financial Conduct Authority’s official list, allowing trading on the London Stock Exchange’s main market.

“It is expected that dealings in the shares will commence on the day of admission, after satisfaction of certain conditions, at market open on July 9, 2025,” the company noted.

GTCO believes that listing its ordinary shares will offer investors increased flexibility and wider access, while enhancing the company’s capacity to raise capital globally.

To fast-track the listing and improve share liquidity, Guaranty Trust Holding Company has initiated a $100 million Accelerated Bookbuild.

The initiative seeks to raise capital swiftly by offering shares to institutional investors at a discounted price, while increasing the company’s free float to approximately 99%.

Citigroup is overseeing the transaction, with the final offer price and share allocation details to be announced after the bookbuild closes on July 3.

As part of this transition, GTCO also announced plans to cancel the listing of its Global Depository Receipts on the London Stock Exchange by July 31, 2025, at the latest.

The company confirmed it will delist its GDRs from the London Stock Exchange and remove them from the depository receipt category under the UK FCA.

Explaining the decision, GTCO pointed to persistently low trading volumes, “The company has applied for the cancellation of the admissions to listing and trading the GDRs in London due to low volumes being traded on the main market of the London Stock Exchange.”

Following the delisting, the GDRs will no longer be tradable on the London Exchange.