August 28, 2017/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 |
