GTCO to raise $750m through public offerings, private placements

According to the company, the capital raise shall be by issuance of securities which consists of ordinary shares, preference shares, convertible or non-convertible notes, bonds or any other instruments in the Nigerian and international capital markets.

“Whether by way of public offerings, private placements, rights issues and/or other transaction modes, at price, coupon or interest rates determined through book building or any other acceptable valuation method or combination of methods, in such tranches, series or proportions, within such maturity periods and at such dates and upon such terms and conditions as may be determined by the board of directors of the company , subject to obtaining the requisite approvals of the relevant regulatory...

“Ordinary shares of ₦0.50 each to ₦22,215,589,612.00 divided into 44,431,179,224 .“Ordinary shares of ₦0.50 by the creation and addition of 15,000,000,000 ordinary shares of ₦0.50 each ranking pari-passu with the existing ordinary shares of the company, .

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