REG - Guaranty Trust Hldng - CAPITAL INJECTION INTO GUARANTY TRUST BANK LTD

Guaranty Trust HoldingAnnouncement

29/08/2025 09:00

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RNS Number : 2163X  Guaranty Trust Holding Company PLC  29 August 2025

Guaranty Trust Holding Company plc

 

ANNOUNCEMENT OF CAPITAL INJECTION INTO GUARANTY TRUST BANK LIMITED

 

Lagos, London - August 29, 2025: Guaranty Trust Holding Company Plc (NGX:
GTCO; LSE: GTCO) (the "Company") announces that the Company has increased its
investment in its wholly owned subsidiary, Guaranty Trust Bank Limited
("GTBank" or the "Bank") through the issue and allotment of 6,994,050,290
ordinary shares of fifty kobo each made by the Bank to the Company by way of a
rights issue, for a total consideration of ₦365,850,403,572.67 (the "Capital
Injection").

 

Following the Capital Injection, the Company continues to hold 100% of the
entire issued and paid-up share capital of the Bank. None of the Directors of
the Company has any interest, direct or indirect, in the Bank.

The Capital Injection was funded by the two-phased equity capital raising
programme approved by the Company's Shareholders at its 2024 Annual General
Meeting and subsequently executed in line with the approvals obtained from the
relevant regulatory authorities.

Through this Capital Injection, the share capital of GTBank has been increased
from N138,186,703,485.78 to N504,037,107,058.45 and ensures the Bank's
compliance with the new minimum capital requirement for commercial banks with
international authorisation stipulated by the Central Bank of Nigeria.

 

The additional equity capital will be deployed by GTBank primarily for branch
network expansion and asset growth (loans/advances and investment securities
portfolio), fortification of its information technology infrastructure and to
leverage emerging opportunities in Nigeria and the operating environments
where it maintains banking presence.

The legal entity identifier of the Company is 0292004488G9K8Y1I649.

Thank you.

For: GUARANTY TRUST HOLDING COMPANY PLC

 

ERHI OBEBEDUO

Group General Counsel/

Company Secretary

 

Media Enquiries

GTCO

 

Oyinade Adegite

ir@gtcoplc.com

+234 07001 238239

 

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