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Unic Diversified Holdings Plc - Statement of Affairs

Proshare

Monday 28th August 2017 1:55 PM/ NSE

Unic Diversified Holdings Plc is a new company that was incorporated in September 11, 2015 by the shareholder of the former Unic Insurance Plc. (now Unic Insurance Ltd after being delisted) through restructuring of Unic Insurance Group.

The restructuring arrangement involves the shareholders of the former Unic Insurance Ltd becoming the shareholders of Unic Diversified Holdings Plc which will hold minority interest in Unic Insurance Ltd by divesting the majority interest in Unic Insurance Ltd to a third party investor.

All necessary approvals in satisfaction of all necessary statutes have been applied for and received.

Presently, all arrangements to transfer agreed assets and liabilities from Unic Insurance Ltd to this company are in progress and will be concluded soon.

The principal activities of the company are to carry on finance holding company and to invest and hold shares in blue chip companies but the company is not in full operations yet till when all arrangements are concluded.

 

28th Aug, 2017: UNIC DIVERSIFIED HOLDINGS PLC

STATEMENT OF AFFAIRS AS AT 30TH JUNE 2017

 

2017 N

2016 N

 

JUN

DEC

Cash and cash equivalents

                      250,000

                                  100,000

Other receivables and prepayments

                      250,000

                                  250,000

Total assets

                      500,000

                                  350,000

Deposit for Share

                      250,000

                                  100,000

Issued share capital

                      250,000

                                  250,000

Net Assets

250,000

250,000

 
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