As part of plans to raise capital in the international market, Guaranty Trust Holding Company Plc (GTCO), has decided to list its ordinary shares on the London stock exchange.

On Thursday, 3 July, 2025, the bank filed a notice with the Nigerian Exchange (NGX), announcing that the ordinary shares are going to be under the equity shares category of the UK Financial Conduct Authority’s (FCA) official list, thereby giving it access to trade on the London Exchange’s main market.

“It is expected that dealings in the shares will commence on the day of admission, after satisfaction of certain conditions, at market open on July 9, 2025,” the bank said.

The bank stated that the move would afford investors more flexibility and wider access, while enabling it raise capital in the international market.

To accelerate the listing process and boost share liquidity, GTCO has launched a $100 million Accelerated Bookbuild.

The goal of the initiative is to quickly raise capital by offering shares to institutional investors at a discounted price, as the firm’s free float is increased to 99%.

As part of the move, the bank is planning to delist it’s Global Depository Receipts (GDRs), on the London stock exchange before July 31, 2025.

Explaining the decision, the company cited persistently low trading activity, stating, “The company has applied for the cancellation of the admissions to listing and trading the GDRs in London due to low volumes being traded on the main market of the London Stock Exchange.”

GTCO noted that the decision is part of a broader strategy to pursue the listing of ordinary shares, which are expected to attract higher investor interest, improve liquidity, and support its long-term capital-raising goals.