GTCO delists GDRs from LSE, begins trading under new ticker

Guaranty Trust Holding Company Plc (GTCO) has formally completed the cancellation of its Global Depositary Receipts (GDRs) listing on the London Stock Exchange (LSE), with effect from 8:00 a.m. on July 31, 2025.

The move marks a significant shift in GTCO’s international capital market strategy as it pivots toward direct equity listings, aligning its international and domestic identities under a unified brand.

Effective August 1, 2025, the company’s ticker symbol on the LSE has been changed from “GTHC” to “GTCO”, bringing it in line with its trading symbol on the Nigerian Exchange (NGX).

READ ALSO: GTCO emerges first West African bank to dual list on NGX, LSE

“Following the cancellation of the listing of GDRs, the Company confirms the effective date of change of the ticker symbol for the Shares from ‘GTHC’ to ‘GTCO,’” the company said in a regulatory filing.

GTCO had first disclosed its intention to delist its GDRs on July 3, 2025, stating that the move was part of a broader strategic focus to simplify its capital structure and enhance investor engagement through direct equity access.

The GDR delisting comes on the heels of a major milestone for GTCO earlier in July, when it became the first financial services institution in West Africa to list its Ordinary Shares on both the Nigerian Exchange and the London Stock Exchange.

The Ordinary Shares were admitted to the Equity Shares (International Commercial Companies Secondary Listing) category of the UK Financial Conduct Authority (FCA)’s Official List, and began trading on the LSE’s Main Market for listed securities.

READ ALSO: GTCO breaks N100 barrier, becomes First Nigerian Bank to hit milestone

“We are proud to be the first West African financial institution to achieve this dual listing. It reflects our commitment to transparency, global standards, and investor accessibility,” GTCO stated.

As part of the dual listing, GTCO conducted a fully marketed public offering on the LSE that raised $105 million in gross proceeds, issuing 2.29 billion new Ordinary Shares.

The offering was backed by a diverse book of long-term institutional investors, reinforcing confidence in GTCO’s operational strength and long-term growth prospects.

The company also noted that, subject to regulatory conditions, its shares will be transferable between the Nigerian and UK markets, providing enhanced liquidity and flexibility for investors across both regions.

By focusing on direct Ordinary Share listings, GTCO believes it can better serve its global investor base while maintaining full regulatory transparency across jurisdictions.

The company reaffirmed its commitment to maintaining its presence on the LSE, assuring investors that the delisting of GDRs will not affect access to GTCO shares on the international stage.

With this latest development, GTCO strengthens its position as a leading pan-African financial institution committed to operational efficiency and cross-market investor engagement.