SAT MAY 11 2024-theGBJournal| Guaranty Trust Holding Company Plc shareholders has authorized the raise of additional US$750 million, or its equivalent in Nigerian Naira, a decision reached at the bank’s third Annual General Meeting on Thursday in Lagos.
The capital raise will be through the issuance of securities comprising ordinary shares, preference shares, convertible and/or non-convertible notes, bonds or any other instruments, in the Nigerian and /or international capital markets.
It can also be raised as a standalone issue(s) or by the establishment of capital raising programme(s), whether by way of public offerings, private placements, right issues and/or other transaction modes, at price(s), coupon or interest rates determined through book building or any other acceptable valuation method or combination of methods as may be determined by the bank’s board of directors.
GTCO Shareholders consequently has authorized the Board to seek listing and admission to trading of securities issued on the official list of the Nigerian Exchange (NGX) Limited, the London Stock Exchange plc or on such other stock exchanges or securities market or markets.
Meanwhile, the shareholders resolved to increase the bank’s issued share capital from N14.715 billion to N22.215 billion by the creation of additional 15 billion ordinary shares of N0.50 each.
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