GTB to restructure to a holding co   

Nov 6 (Lagos) - GT Bank ( GUARANTY ) announced that it has received approval from CBN to restructure to a holding back structure. All shares of existing company will be exchanged with new shares of the holding company. 

The existing company will be de-listed from the stock exchange and converted to a private company while the holding company will be listed on the stock exchange. 

So no GTB is not de-listing from the exchange as per the rumor mongers on social media. Shares of GUARANTY are currently trading at N 33 per unit in afternoon trading. 

reporting for on Friday, Nov 6 2020 from Lagos, Nigeria

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