Investing in the Future, GTCO Plc Share Offering

 



GTCO Plc, a prominent player in the banking sector across Africa, is opening its doors to investors through a significant share offering. This initiative is geared towards expanding its banking and non-banking businesses. Here's everything you need to know about this exciting investment opportunity.

 

Register Now: Get Your own share today

Why is GTCO Plc Raising Capital?

GTCO Plc aims to bolster its growth and expansion efforts. The capital raised will be used for:

Banking Business Expansion: Strengthening and expanding its banking operations across Africa, including recapitalizing Guaranty Trust Bank Limited (GTBank Nigeria).

Non-Banking Business Growth: Developing its non-banking sectors such as Payments, Funds Management, and Pension Fund Administration.

 

Details of the Share Offering

Shares on Offer: 9 billion Ordinary Shares of 50 kobo each.

Price per Share: N44.50.

Offer Period

Opening Date: Monday, 15 July 2024.

Closing Date: Monday, 12 August 2024.

Application Times: From 8.00 a.m. WAT on the Opening Date to 5.00 p.m. WAT (physical) and 23.59 p.m. WAT (electronic) on the Closing Date.

 

Eligibility and Application Process

Anyone, including Retail and Institutional Investors, can apply for the GTCO Plc shares.

 

Application Methods:

Physical Applications: Available at all GTBank branches and listed Receiving Agents.

 

Electronic Applications: Via GTCO Plc's website. GTBank customers can also apply using GTWorld or via 737 by dialing 7377000#.

 

Online through Brokers: You can also apply through various brokers like Bamboo, which offers the convenience of purchasing both Nigerian and US stocks right from your phone. 

 

Here's a link to sign up for Bamboo. 

 

Signup link: https://app.investbamboo.com/invite/thankgod747481 

 

Non-Resident Nigerians

 

Non-Resident Nigerians can also participate, but must use Naira for payment and provide their Naira Bank Account, CSCS Account, and BVN. If they lack these, they need to appoint a Custodian to facilitate their application.

 

Applications for Family Members

You can apply on behalf of family members or minors, with full names and necessary details provided as specified in the Application Form.

 

Payment and Currency

The Offer is denominated in Nigerian Naira only. For subscriptions in other currencies, please refer to the guidance on page 23 of the Abridged Prospectus.

 

Post-Application Information 

Dividend Payouts: GTCO Plc has historically paid out 45-50% of profits as dividends. With expected enhanced profitability, shareholders can anticipate higher dividends.

Share Allotment: Successful subscribers will receive their shares within three months from the closing date, post the CBN Capital Verification Exercise and SEC approval.


Oversubscription: In case of oversubscription, application monies will be returned to subscribers.

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