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GTCO PLC Launches Public Offer to Raise N400.5Billion

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GTCO PLC Launches Public Offer to Raise N400.5Billion

 

Lagos, Nigeria – July 15, 2024 – Guaranty Trust Holding Company plc (“GTCO PLC” or the “Issuer”) (NGX: GTCO) today announced the opening of its Offer for Subscription of 9,000,000,000 Ordinary Shares of 50 kobo each at N44.50 per Ordinary Share (the “Offer”) following the clearance of the Offer Prospectus and registration of the Offer Shares by the Securities and Exchange Commission, Nigeria (SEC Nigeria). Net proceeds of the Offer will be applied toward the recapitalisation of GTCO PLC’s principal banking subsidiary, Guaranty Trust Bank Limited (GTBank Nigeria) as well as support Group-wide growth and expansion initiatives.

Application List for the Offer opens on Monday, July 15, 2024, and closes on Monday, August 12, 2024.

The Prospectus incorporating the Application Form is available in physical format at all GTBank Nigeria branches nationwide and in electronic format from www.gtcoplc.com. The Prospectus and Application Forms can also be obtained in physical and electronic formats at the offices and websites of the Issuing Houses to the Offer:

Issuing Houses Websites
Stanbic IBTC Capital Limited (Lead Issuing House) stanbicibtccapital.com
ABSA Capital Markets Nigeria Limited cib.absa.africa
FCMB Capital Markets Limited fcmbcapitalmarketsng.com
Vetiva Advisory Services Limited Vetiva.com

The Prospectus and Application Forms are also available from the Stockbrokers to the Offer and other Receiving Agents nationwide.

Commenting on the launch of the Public Offer, the Group Chief Executive Officer of Guaranty Trust Holding Company plc, Segun Agbaje, said: “This equity capital raise is timely and marks a significant milestone in our strategic plan to pivot the organisation for transformational growth across the Banking businesses in and outside Nigeria, and the non-banking businesses; differentiating it as a leading Financial Services Group in Africa. Over the last three years, we have diversified the earnings of the Group beyond pure banking play, through the creation of a Payments subsidiary and selective acquisitions in the Funds Management and Pension Fund Administration sectors; delivering exceptional value to our stakeholders whilst also enriching the lives of people in every community where we operate”.

GTCO is the most capitalised Banking stock on the Nigerian Stock Exchange and has consistently outperformed its peers in terms of key profitability indicators and other financial metrics. Widely regarded as a first-rate financial institution, GTCO’s leadership in the Nigerian financial services industry and continuing efforts at empowering people and communities across Africa has earned it many prestigious awards over the years.

Before subscribing, please read the Offer Prospectus and where in doubt, consult your stockbroker, fund/portfolio managers, accountant, banker, solicitor, tax consultant or an independent adviser registered by the SEC for guidance. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About GTCO PLC

Guaranty Trust Holding Company Plc is the ultimate holding company of the GTCOPLC Group.

The GTCOPLC Group is one of the largest financial services institutions in Africa. Headquartered in Lagos, Nigeria, Guaranty Trust Holding Company Plc maintains direct and indirect investments in a network of operating entities located in 10 countries across Africa and the United Kingdom. Within these regions, the operating entities provide a comprehensive range of commercial banking and related financial services to millions of retail, institutional, private banking and wealth management customers, in addition to asset management, pension fund administration and payment technology businesses.

More information on the Offer can be found at www.gtcoplc.com.

For enquiries, please contact:

Investor Relations:
+234 2012714580
ir@gtcoplc.com

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Dr Ifeoma Eze gives reasons on how to know A Genuine Vision

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Dr Ifeoma Eze gives reasons on how to know A Genuine Vision

Dr Ifeoma Eze, a mentor and author of different books gave an insight from her book ” Becoming A Person Of Exceptional Value”, shed more light on The Elements Of A Genuine Vision.

*THE ELEMENTS OF A GENUINE VISION*

There are five key elements that must be present whenever you receive a genuine vision. They are;

1. *Knowing what to do.*
Every genuine vision must be clear, and the terms well spelt out on what to do. It should be tangible and clear enough for anybody to understand. Hab. 2:2.

2. *Knowing when to do it.*
Every genuine vision impacted by God has a time of appointment. Eccl. 3:1-3, Eccl. 9:11, Ps. 31:15. When a man is in the right purpose at the right time, he won’t miss his honour. Knowing the time of your vision requires a lot of prayers which will lead you to high level of sensitivity to the Holy Spirit. Acts 13:1-3.

3. *Knowing where to do it.*
Every genuine vision has an appointed place because destiny answers to the location. Divine location provokes divine allocation. Places are important, hence, God makes places before bringing you on. Gen. 2:15. He made the garden before placing Adam in it! When you get to that God’s appointed location, you will also meet provision for the vision.

And it came to pass after these things, that God did tempt Abraham, and said unto him, Abraham: and he said, Behold, here I am.

[11] And the angel of the Lord called unto him out of heaven, and
said, Abraham, Abraham: and he said, Here am I.

[12] And he said, Lay not thine hand upon the lad, neither do thou any thing unto him: for now I know that thou fearest God, seeing thou hast not withheld thy son, thine only son from me.

[13] And Abraham lifted up his eyes, and looked, and behold behind him a ram caught in a thicket by his horns: and Abraham went and took the ram, and offered him up for a burnt offering in the stead of his son. [14] And Abraham called the name of that place Jehovah-jireh: as it is said to this day, In the mount of the Lord it shall be seen

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Gen. 22:1, 11-14.

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In the scripture, we saw that God deliberately and patiently waited for Abraham to obediently relocate and get to the God-appointed place for the sacrifice and having a readiness to obey God in full; before God made provision of the lamb for the sacrifice. Hence, Jehovah Jireh is the name of God because it is a place where provision met with the discovery of the God-appointed place.

4. *Knowing who to do it with*.

Every God given vision will require some Godly and God-given relationships to make it work. Where there is no vision, the people perish; but where there is vision without people, the vision becomes a burden. The best gift a leader can receive from God is the gift of men.

5. *Knowing How to do it:*

Every vision has a pattern. When God asks you to do a thing it is important that you obtain clear instructions on the structure, pattern and style required to fulfill that vision!

And let them make me a sanctuary; that I may dwell among them. [9] According to all that I shew thee, after the pattern of the tabernacle, and the pattern of all the instruments thereof, even so shall ye make it. Exodus 25:8-9 KJV

Building outside the pattern is setting yourself up for failure. Adherence to set pattern is guarantee for divine presence and guidance.

*VISION KILLERS*
It is possible to receive a vision from God but still experience frustration in life because of the following vision killers. Some vision killers include;

1. *Tradition.*( Mark 7:13.)

2. *Fear*- It paralyses creativity.

3. *Stereotypes structural rigidity. Break the satus quo.*

4. *Lack of Discipline and Laziness*

5. *Comparison*

6. *Procrastination*

7. *Wrong Association*

*Coined from the book, Becoming A Person Of Exceptional Value By Dr. Ifeoma Eze, The King’s Rubies*

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PRESIDENT TINUBU CONGRATULATES JIM OVIA ON ADMISSION TO THE FREEDOM OF THE CITY OF LONDON

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PRESIDENT TINUBU CONGRATULATES JIM OVIA ON ADMISSION TO THE FREEDOM OF THE CITY OF LONDON

 

 

 

President Bola Tinubu has congratulated the Founder and Chairman of Zenith Bank Plc, Jim Ovia, CFR, on his admission to the prestigious Freedom of the City of London.

 

PRESIDENT TINUBU CONGRATULATES JIM OVIA ON ADMISSION TO THE FREEDOM OF THE CITY OF LONDON

 

Admission to the Freedom of the City of London is an honour bestowed on individuals either for their service to the city or for their achievements.

 

 

 

In a press statement by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, President Tinubu described the honour as a fitting recognition of Mr. Ovia’s exceptional contributions to business, innovation, and technology, as well as for his role in shaping Nigeria’s financial landscape and strengthening economic ties between Africa and the rest of the world.

 

 

 

“This honour is a testament to your unwavering commitment to excellence, your pioneering role in the growth of the financial services sector in Nigeria, and your visionary leadership that continues to inspire generations. As an accomplished entrepreneur and advocate of innovation-driven development, your recognition in the City of London affirms the global relevance of Nigerian excellence and enterprise,” the President stated.

 

 

 

President Tinubu commended Mr. Ovia for being a distinguished ambassador of the nation’s private sector and wished him continued success in his endeavours.

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Adron Homes Celebrates Eid-al-Fitr, Wishes Nigerians Peace and Prosperity

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Adron Homes Celebrates Eid-al-Fitr, Wishes Nigerians Peace and Prosperity

 

Adron Homes and Properties extends warm greetings to the Muslim community across Nigeria and beyond as we celebrate the joyous occasion of Eid-al-Fitr.

As we mark the end of Ramadan, a season of faith, sacrifice, and devotion, we reflect on the values of unity, gratitude, and generosity that define this celebration. The blessings of fasting and prayers bring peace, progress, and abundance to our beloved nation, and we pray for continued harmony, stability, and prosperity for Nigeria and its people.

At Adron Homes, this season is also a time to express our heartfelt appreciation to our esteemed customers. Your trust, loyalty, and commitment to choosing Adron Homes as your partner in the journey to homeownership mean everything to us. Your belief in our vision inspires us to continue providing affordable, luxurious, and accessible housing solutions, making homeownership a reality for all.

As you celebrate Eid with your loved ones, may your homes be filled with peace, joy, and countless blessings. We remain dedicated to building vibrant communities where families can thrive and create lasting memories.

Eid Mubarak! Thank you for being part of the Adron Homes family.

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