Guaranty Trust Holding Company Plc (GTCO) has announced the successful completion of its private placement of 125 million ordinary shares, with the offer achieving 100 per cent subscription, underscoring sustained institutional appetite for the financial services group, news.ng reports.
According to an allotment announcement released as a matter of record, the holding company offered 125,000,000 ordinary shares of 50 kobo each at ₦80.00 per share, in line with the terms of the placing memorandum dated December 24, 2025. The transaction raised a total of ₦10.0 billion for the group.
The results show that one application was received for the entire offer size, with the single investor applying for and being allotted all 125 million shares on offer. This placed the subscription firmly in the “50,000,001 shares and above” category, resulting in full allotment without scaling.
“The application was deemed valid under the terms of the Private Placing and was processed accordingly. The Private Placing was therefore 100% subscribed,” the announcement stated on Thursday.
GTCO also confirmed that the basis of allotment, as well as the announcement itself, has received clearance from the Securities and Exchange Commission (SEC), providing regulatory approval for the transaction.
Following the completion of the allotment process, the company disclosed that the newly issued shares will be credited immediately to the CSCS account of the allottee by the registrar to the placing, DataMax Registrars Limited, based in Lagos.
The private placement was structured and executed by Quest Advisory Services Limited, which acted as the issuing house to the transaction. The allotment announcement is dated January 21, 2026.
Market analysts say the full subscription by a single investor highlights strong confidence in GTCO’s fundamentals, earnings outlook, and long-term strategy, particularly at a time when well-capitalised financial institutions are positioning to benefit from Nigeria’s evolving macroeconomic and regulatory landscape.
The ₦10 billion capital injection is expected to further strengthen GTCO’s balance sheet, enhance its capital adequacy, and support future growth initiatives across its banking and non-banking subsidiaries.
