Guaranty Trust Holding Company N10bn Private Placement

GTCO Group has secured approvals from the Nigeria — Central Bank of Nigeria and the United States — United States Securities and Exchange Commission to undertake a private placement of its ordinary shares. This initiative aims to raise N10 billion by allotting 125 million ordinary shares at N80 per share, with the offering scheduled to close on December 31, 2025. The private placement is being conducted to meet regulatory capital requirements for financial holding companies in Nigeria, as outlined in Section 7.1 of the Guidelines for Licensing and Regulation of Financial Holding Companies. GTCO Group clarified that this capital raise is distinct from the recapitalization of its banking subsidiary, GTCO Group, which had already surpassed the minimum capital requirement set by the Nigeria — Central Bank of Nigeria. The action aligns with a broader capital-raising program of up to $750 million authorized by GTCO Group's shareholders at their Annual General Meeting in May 2024.