9th Jul 2025 14:30
(Alliance News) - Guaranty Trust Holding Co PLC on Wednesday started trading on the Main Market of the London Stock Exchange.
The Lagos, Nigeria-based banking franchise said 36.43 billion shares have been admitted as a secondary listing. The company is listed on the Lagos-based Nigerian Stock Exchange since June 2021.
Last week Thursday, Guaranty Trust launched an offering of 2.29 billion new ordinary shares, with which it raised USD105 million via shares at a reference price of NGN70.00 each, or 4.59 US cents.
The company last week said it aimed to raise the money in a bid to enhance its global visibility and support recapitalisation efforts in light of new requirements by the Central Bank of Nigeria.
Guaranty Trust shares rose 9.5% to USD3.00 each on Wednesday afternoon in London, from USD2.74 on the close on Tuesday, giving it a market capitalisation of GBP1.38 billion.
By Tom Budszus, Alliance News slot editor
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