TheCable

Guaranty Trust Holding Company Plc (GTCO Plc) has unveiled its new brand identity to commemorate the listing of its shares on the Nigerian Exchange (NGX).

In November 2020, GTB announced that it had obtained the approval-in-principle from the Central Bank of Nigeria (CBN) to reorganise the bank into a financial holding company.

Two weeks ago, GTCO officially listed its shares on NGX following the successful restructuring of Guaranty Trust Bank (GTB) Plc. At the time, the shares of GTB were delisted, paving the way for the listing of GT HoldCo’s entire issued share capital of 29,431,179,224 ordinary shares of 50 kobo each on the bourse.

Segun Agbaje, the group chief executive officer, GTCO Plc, unveiled the company’s logo on Tuesday during the closing gong ceremony on the floor of the NGX.

Agbaje said GTCO Plc is very excited about the opportunities that have opened up with the restructuring and how diversifying its income base has always been a major priority.

“On behalf of the board and management of GTBank and the newly formed GTCO, I must thank NGX for its unwavering support in listing GTCO on The Exchange,” he said.

“As we venture into this new phase, we look forward to leveraging technology and introducing new business lines – including payments, asset management and more – that go beyond the needs of institutional or wholesale clients to improve retail clients’ access to the financial markets.”

Temi Popoola, chief executive officer of NGX, said the exchange would continue to build a platform that allows listed companies, investors and other stakeholders to maximise value in the market.

“We are excited to welcome GTCO Plc and to congratulate the board and management on a successful restructuring,” Popoola said.

“Given the recent completion of demutualisation of The Exchange and the emergence of our new structure, we see many similarities between our organisations, particularly our outlook on the use of technology to advance business operations; the burgeoning opportunities in the retail market; and the importance of good governance in the corporate space.

“Today, we reiterate our commitment to being a trusted partner to GTCO and other listed companies and issuers as we continue to build a platform that allows our listed companies, investors and other stakeholders to maximise value in our market.”

On his part, Rasheed Yussuf, the doyen of stockbrokers, called for synergy between stakeholders in the capital market and money market to ensure more injection of funds in the financial system.