Trading in the shares of Guaranty Trust Bank Plc were suspended on Friday, 18th June, 2021 by The Nigerian Exchange Limited.
The suspension follows the bank’s plans to operate as a financial holding company (HoldCo) with the name ‘Guaranty Trust Holding Company Plc.
According to The Nigerian Exchange Limited “The suspension is necessary to prevent trading in the shares of the Bank in preparation for the eventual delisting of Guaranty Trust Bank Plc from the Daily Official List of the Nigerian Exchange Limited and listing of the Holding Company, Guaranty Trust Holding Company Plc’’.
The Shareholders met last year to approve the transfer of the 29,431,179,224 ordinary shares of 50 Kobo each in the issued and paid-up share capital of the bank held by them to GT Holding Company Plc.
This was in exchange for the allotment of 29,431,179,224 ordinary shares of 50 Kobo each in the share capital of the holding Company to the shareholders in the same proportion to their shareholding in the bank.
