Guaranty Trust Holding Company Plc (GTCO) has officially completed the delisting of its Global Depository Receipts (GDRs) from the London Stock Exchange (LSE), confirming its strategic decision to streamline capital market operations while maintaining a strong presence in multiple trading venues. The development was announced through an official statement obtained , signaling a key milestone in the company’s broader growth agenda.
GTCO’s management explained that the delisting from the LSE aligns with efforts to enhance liquidity and investor access by focusing on its primary listings on the Nigerian Exchange Group (NGX) and other selected international platforms. The move is intended to simplify regulatory compliance and reduce associated costs, while still leveraging global capital markets to attract diverse investors.
The decision to maintain a dual listing framework reflects GTCO’s commitment to balancing local investor engagement with international market exposure. The company remains optimistic about the potential for increased market depth and improved price discovery as it concentrates trading activities across targeted exchanges.
Financial analysts tracking the banking sector told KIIN360 that GTCO’s strategic recalibration is a response to evolving market dynamics and investor preferences, and is likely to enhance the group’s operational efficiency without compromising its global footprint.
GTCO’s delisting comes amid a broader trend among Nigerian companies reviewing their cross-border listings to optimize capital structure and stakeholder value. Industry watchers believe this development could inspire similar moves by other multinational firms seeking to harmonize their listing strategies in response to changing regulatory and economic conditions worldwide.
