Guaranty Trust Holding Company (GTCO) etched its name in history on Thursday as the first financial institution from West Africa to have its shares listed on the London Stock Exchange (LSE), achieving dual listing status on both the LSE and Nigerian Exchange Limited.
During a ceremony held to mark the milestone, stakeholders underscored the significance of the move in deepening financial inclusion and boosting investor confidence across Africa.
Earlier this month, GTCO announced plans to raise $100 million from global markets. On Wednesday, the company disclosed that all 36.4 billion of its shares had been officially admitted to the equity shares segment for international commercial companies on the UK Financial Conduct Authority’s Official List and were now trading on the LSE’s main market.
The listing replaces GTCO’s previous Global Depository Receipts (GDRs), which have been cancelled in favor of direct ordinary share listings.
Speaking at the event, Group CEO Segun Agbaje highlighted the benefits for investors, saying the dual listing offers enhanced access to opportunities both locally and internationally.
