Guaranty Trust Holding Company Plc (GTCO) has formally completed the cancellation of its Global Depositary Receipts (GDRs) listing on the London Stock Exchange (LSE), effective from 8:00 a.m. on 31 July 2025.
The company also announced a change to its LSE ticker symbol from “GTHC” to “GTCO”, beginning 1 August 2025. The updated symbol brings the group’s international identity into alignment with its Nigerian brand.
“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’. For London Stock Exchange (LSE) purposes, the effective date of change for the LSE ticker is 1 August 2025,” the statement read.
GTCO first disclosed its intention to cancel the GDR listing on 3 July 2025, citing a strategic transition toward direct equity listings on global markets.
The group reaffirmed that it will continue to maintain an Ordinary Share listing on the LSE under the new symbol, thereby preserving access for international investors.
The delisting came on the heels of a significant milestone earlier in July, when GTCO successfully admitted its Ordinary Shares to the Equity Shares (International Commercial Companies Secondary Listing) category on the UK Financial Conduct Authority’s (FCA) Official List. The shares also commenced trading on the LSE’s main market for listed securities.
This development makes GTCO the first financial services group in West Africa to dual list its Ordinary Shares on both the Nigerian Exchange (NGX) and the LSE. The move has been described as a landmark in the evolution of African capital markets.
“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 said in its statement.
The admission followed the successful pricing of GTCO’s fully marketed offering in London, which secured $105 million in gross proceeds through the issuance of 2.29 billion new Ordinary Shares. The offering attracted strong demand from high-quality, long-term institutional investors, underscoring confidence in the group’s future prospects.
GTCO added that, subject to regulatory provisions, its Ordinary Shares will be transferable between the Nigerian and UK exchanges, providing greater liquidity and flexibility for shareholders.
The transition from GDRs to a direct equity model forms part of the company’s broader strategy to streamline its capital structure, cut administrative complexity, and foster deeper investor engagement across both markets.