Mansard Insurance Plc (Formerly Guaranty Trust Assurance Plc)

[faoogoke]

ALL,
The gist is the GTA intends to raise it's share capital from N5B to N13B between now and the next month.
I do not know anyother way that can be accopmlished except thru PP.
Member are advised to put their ears on the ground.

Cheers.

[Apache]

I thought they just concluded one some months ago

[riskreturn]

Originally Posted by faoogoke

ALL,
The gist is the GTA intends to raise it's share capital from N5B to N13B between now and the next month.
I do not know anyother way that can be accopmlished except thru PP.
Member are advised to put their ears on the ground.

Cheers.

We do not have to jump into conclusion too quickly as the parent company, GTB, may inject the additional capital into it. GTB, unlike Wema Bank or UBN, has never publicly indicated its interest to list any of its subsidiaries in the stock exchange.

[faoogoke]

I agree with you risk return. GTBank would probably be pumping the increase in share capital.
Eventually, many of those bank will list their subsidiaries as I heard UBA plans to do, and as a condition of the NSE must raise some capital by pp before being considered for listing.
How soon? only time will tell.

[newton]

Surely, as their subsidiaries get bigger n earn beta bucks they'd need to spinn off. So lets look at year end for some bank subsidiaries pp

[Doyin]

Since GTA has just done a private placement, I expect that they would be doing an Initial Public Offer soon.
I heard that the private placement was very profitable for its investors too.

[prince dagbolu]

I gathered from two reliable sources 2 weeks ago that GTA are about to undertake a rights offer. Does anyone have any information about this rights offer?

[JB7]

Does anyone have any info on GTA's proposed Right issue? How can one get in on it? Is it possible to get someone that took part in the PP but is not interested in the rights? I am interested

[faoogoke]

Originally Posted by JB7

Does anyone have any info on GTA's proposed Right issue? How can one get in on it? Is it possible to get someone that took part in the PP but is not interested in the rights? I am interested

The rights issue is for current shareholders iin the company. You'll have to wait till the shares are listed to get a bite.

[prince dagbolu]

Originally Posted by faoogoke

The rights issue is for current shareholders iin the company. You'll have to wait till the shares are listed to get a bite.

Faoogoke,

I have GTA shares already. Do you know when the Rights Offer starts. Please let me know.

[5959olu]

You can check this on SEC website under Current issues

[prince dagbolu]

Originally Posted by 5959olu

You can check this on SEC website under Current issues

Thank you so much 5959olu. I am still trying to get into the SEC Website. Its kind of difficult to access it. But, i will keep trying.

[newton]

Originally Posted by prince dagbolu

Thank you so much 5959olu. I am still trying to get into the SEC Website. Its kind of difficult to access it. But, i will keep trying.

Try this link... New Issues Underprocessing

just check it and it easy 2 access

[prince dagbolu]

Originally Posted by newton

Try this link... New Issues Underprocessing

just check it and it easy 2 access

Thanks Newton. I have been trying this site as well but cannot get through. I will keep trying for a few more days.

[polosco]

Originally Posted by prince dagbolu

Thanks Newton. I have been trying this site as well but cannot get through. I will keep trying for a few more days.

Just try more cos i've been to it several times from the link above and it opened on each trial. Best of luck...............

[prince dagbolu]

Please does anyone know if GTA paid any divided/bonus this year?

[japo]

Yes they did l believe 9kobo

[prince dagbolu]

Originally Posted by japo

Yes they did l believe 9kobo

Thanks Japo

[prince dagbolu]

Originally Posted by prince dagbolu

Thanks Japo

Japo, i received my cheque recently.They paid 6 kobo per Unit.

[prince dagbolu]

I read in the Business Day that GTA are about to emback on a Rights Offer to Shareholders on the Register as at 23rd October 2007. The price will be N1.25. You can buy 1 share for every 4 you already have.