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NGX suspends trading in GTBank shares for HoldCo structure

Guaranty Trust named best bank for 12th time

Guaranty Trust Bank Plc

The Nigerian Exchange Limited (NGX) has suspended trading in the shares of Guaranty Trust Bank Plc (GTBank).

The NGX announced this in a notice to investors on Friday, June 18, 2021.

Read Also: Shareholders see prospects in GTBank’s planned HoldCo structure

The suspension, it said, was necessary to prevent trading in the shares of the Bank in preparation for the eventual delisting of Guaranty Trust Bank Plc from the Daily Official List of the Nigerian Exchange Limited (NGX) and listing of the Holding Company, Guaranty Trust Holding Company Plc on NGX.

Iheanyi Nwachukwu, is a creative content writer with over 18 years journalism experience writing on banking, finance and capital markets. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).

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