Guaranty Trust Holding Company Plc (GTCO) has announced the successful completion of its ₦10 billion private placing, with the offer recording 100% subscriptions.
In an allotment announcement, GTCO disclosed that the private placing involved the issuance of 125 million ordinary shares of 50 kobo each at ₦80 per share, in line with the Placing Memorandum dated December 24, 2025.
According to the company, one application was received for the entire 125 million shares offered under the exercise. The application was adjudged valid under the terms of the private placing and was processed accordingly, resulting in full subscription.
Basis of Allotment
The basis of allotment showed that the sole applicant applied for and was allotted the full 125 million ordinary shares, translating to a total subscription value of ₦10,000,000,000.
GTCO said the Securities and Exchange Commission (SEC) has approved and cleared both the basis of allotment and the allotment announcement.
Settlement Details
The company said the allotted shares will be credited immediately to the CSCS account of the allottee by the registrar to the placing, DataMax Registrars Limited, located at 2C Gbagada Expressway, off Beko Ransome-Kuti Park, Lagos.
The successful private placing strengthens GTCO’s capital position and aligns with broader efforts by financial institutions to shore up balance sheets and support growth initiatives amid evolving regulatory and market conditions.
