GTBank celebrates 10 year of listing on London Stock Exchange
… Loses 54% of share price during the period

A new generation bank, Guaranty Trust Bank Plc is celebrating 10 years of listed on the London Stock Exchange (LSE), as it share price on the bourse stumbled by 53.57 percent during the period.
GTBank listed on the London Stock Exchange in July 26, 2007 as the first to dual list on an international exchange and the first Nigerian company to raise international capital using listed Global Depositary Receipts with a total of $750 million which was realised from a total of 3.85 billion GDRs offered at about $11.20 each.
According to available data, GTBank share price plunged from $11.20 in July 2007 to $5.20 at the end of July 26, 2017, represented $6.00 or 53.57 percent decline.
Since its listing on the LSE, GTBank has placed a private Eurobond issue on the international capital markets.
On July 28, 2017, the Bank marks the 10th anniversary of its listing on the London Stock Exchange at the day’s Market Open Ceremony.
Commenting on the anniversary, the Managing Director/CEO of Guaranty Trust Bank plc, Mr Segun Agbaje, said: “To be listed on the London Stock Exchange, one of the most illustrious exchanges in the world, was a pioneering feat which remains fresh in our minds. We are deeply grateful to all our investors and partners for the integral role they played and their confidence in our ability to pull of that giant leap. Ten years on, we remain committed, as we were on that fateful day in July 2007, to maximizing shareholders’ value and delivering superior and sustainable return, guided by our founding values of hard work, discipline and integrity.”