The General Meeting of Shareholders of PJSC “Ukrainian joint-stock insurance company ASKA” (Zaporozhye) decided to terminate its activities by joining PJSC “Insurance company” VUSO “(Kyiv), according to the company’s information published in the information database of the NSMCC .
It is also specified that PJSC “UASK ASKA” is terminated as a legal entity. PJSC “IC” VUSO “according to the deed of transfer accepts the property, rights and obligations of the company and becomes the legal successor of “UASK ASKA”.
Common and preferred shares of PrJSC “UASK ASKA” are converted into common shares of PrJSC “IC “VUSO”. The placement of shares is carried out by converting shares of “UASK ASKA” into issued shares of PrJSC “IC “VUSO” for this purpose, and their distribution among the shareholders of PrJSC ” UASK ASKA” in the manner and according to the share conversion ratio specified in the Accession Agreement. The share conversion ratio is 1.0 (one).
As reported, the Antimonopoly Committee of Ukraine at a meeting on August 4, 2022 decided to grant Altituda Closed Non-Diversified Venture Corporate Investment Fund JSC (Kyiv) permission to purchase shares of PJSC Ukrainian Joint-Stock Insurance Company ASKA (Zaporozhye), which will ensure an excess of 50 % of votes in the supreme management body of the company.
Earlier, ZNVKF Altituda announced its intention to acquire 99.592891% of UASK ASKA. It was also specified that at present this fund does not own ASKA shares and has no affiliates. In general, we are talking about the purchase of 18 million 662.091 thousand common shares and 20.03 thousand preferred shares of ASKA.
As reported, at the end of November 2021, the investment company SCM Renata Akhmetova announced that preliminary agreements had been reached on the sale of UJSIC ASKA to shareholders of IC VUSO. On December 22, the National Bank approved Altitude’s purchase of 99.593% of ASKA shares, as well as 62.2156% of shares of PJSC ASKO-Donbas Severny Insurance Company (Druzhkovka, Donetsk region), in which 62.4699% belonged to ASKA.
UASK “ASKA” – the first private insurance company that appeared in independent Ukraine, has been operating for more than 30 years. It was included in the portfolio of the international investment company SCM. On December 22, 2021, the NBU decided to cancel 34 of its insurance licenses based on the application submitted by the company, except for the license for compulsory civil liability insurance of land vehicle owners (OSAGO).
IC “VUSO” was founded in 2001. Currently owns 50 licenses: 34 – for voluntary and 16 – for compulsory types of insurance, represented in all regions of Ukraine.
The Company is a member of MTIBU and UFS, a member of the Direct Loss Settlement Agreement and a member of the Nuclear Insurance Pool. The majority shareholder of the company is JSC “Closed Non-Diversified Venture Corporate Investment Fund “Altituda” (Kyiv).
