GTCO Lists 125m Shares on NGX After Fully Subscribed Placement
Guaranty Trust Holding Company (GTCO) Plc has increased its share count on the Nigerian Exchange (NGX) following the listing of additional shares issued under its recently completed private placement, strengthening its capital base and market presence.
The financial services group disclosed that it received a valid application for 125,000,000 ordinary shares from a single investor in connection with the exercise. The company said the allotment complied with the terms of the offer, bringing the private placement to full subscription as of 22 January 2026.
NGX trading data showed that GTCO’s total shares outstanding on the exchange rose to 36.55 billion units at the close of the latest session, reflecting the impact of the new listing on its issued capital.
The increase in share count also lifted the group’s market capitalisation to about N3.618 trillion, leaving the stock trading roughly 4 per cent below its 52-week peak valuation on the bourse.
Market analysts said the successful placement underscores sustained investor appetite for tier-one banking stocks, particularly institutions viewed as well-capitalised and resilient amid evolving regulatory and macroeconomic conditions.
They added that additional equity buffers could enhance GTCO’s flexibility to support asset growth, manage risk exposures and fund strategic expansion across its banking and non-banking subsidiaries.
