African leading financial institution, Guaranty Trust Bank plc, marks 10 years of its existence as the first Nigerian bank to list on the London Stock Exchange (LSE), the first to dual list on an international exchange and the first Nigerian company to raise international capital using listed Global Depositary Receipts.
On Thursday 26th July, 2007, GTBank became the first Nigerian Company and first African bank to be listed on the London Stock Exchange with resounding success of the bank's $750 million offer for subscription of global depositary receipts (“GDRs) which closed a week earlier. The offer was issued in the London market to raise about $500m from international institutional investors outside Nigeria and about $250m from individuals and institutional investors in Nigeria. To mark the 10th anniversary of this pioneering feat, the MD/ CEO of GTBank, Mr Segun Agbaje led the Market Open Ceremony at the LSE on Friday, July 28, 2017, accompanied by senior representatives of the Bank and other institutional partners including JP Morgan, Morgan Stanley and Banwo and Ighodalo. Commenting on the anniversary, Mr Agbaje, said, “Listing 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 very grateful to all our investors and partners for the integral role they played and their confidence in the Brand. Ten years on, we remain committed to maximizing shareholders’ value and delivering superior and sustainable return; guided by our founding values of hard work, discipline and integrity.” The London Stock Exchange is a diversified international exchange that offers international business, and investors, unrivalled access to Europe’s capital markets. Since its listing on the LSE, GTBank embarked on a decade of unparalleled growth, leading the financial industry in profitability and products and service delivery.