June 24, 2021

By Paschal IJEH InvestAdvocate

Lagos (INVESTADVOCATE)-The Nigerian Exchange Limited (NGX) on Thursday Delisted the entire 29,431,179,224 issued shares of   Guaranty Trust Bank Plc and Listed the entire issued share capital of 29,431,179,224 ordinary shares of 50 Kobo each of Guaranty Trust Holding Company Plc on the Daily Official List of NGX at N28.55 per share. 

This is coming on the heels of the suspension placed on the shares of GTBank on June 18, 2021 by the NGX necessary to prevent trading in the shares of the Bank in preparation for the eventual delisting of GTBank from the Daily Official List of the NGX and listing of the Holding Company, GT HoldCo on NGX.  

The delisting of GTB and listing of GT HoldCo on NGX is pursuant to the Scheme of Arrangement between Guaranty Trust Bank Plc and the holders of its fully paid ordinary shares of 50 Kobo each as approved by the Securities and Exchange Commission and sanctioned by the Court.