GTCO has completed the delisting of its Global Depositary Receipts (GDRs) from the London Stock Exchange, finalizing the process on July 31, 2025.
The final trading day for the GDRs was July 30, with the group now fully transitioning to direct ordinary share trading on the LSE’s Main Market.
This move marks GTCO’s shift toward a true dual listing strategy between the Nigerian Exchange and the London Stock Exchange.
The company cited persistently low GDR trading volumes since 2021 as a key reason for the change in listing format.
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“The direct listing of our ordinary shares ensures improved liquidity and simplifies investor access to our stock,” GTCO stated.
From July 9, 2025, GTCO began trading ordinary shares in London under the temporary ticker “GTHC.” The symbol will revert to “GTCO” from August 1.
The delisting does not affect GTCO’s listing on the Nigerian Exchange, where its ordinary shares remain actively traded.
GDR holders were given until July 23 to elect either Depositary Interests for LSE trading or convert to ordinary shares in Nigeria.
Each GDR represented 50 ordinary shares, and the conversion process was offered without charge to investors.
GTCO said this transition aligns its share structure with long-term capital market strategy and enhances international visibility.
The bank becomes the first West African financial group to maintain direct ordinary share listings in both London and Lagos.
Analysts believe the shift will strengthen GTCO’s foreign investor engagement and improve overall share performance.
