Director/PDMR Shareholding

ASA International Group PLC

23 July 2024

 

Press release

ASA International Group plc reports grant of options under the ASA International Long-Term Incentive Plan (the 'LTIP')

ASA International Group plc (the "Company"), one of the world's largest international microfinance institutions, announces that on 22 July 2024 (the "Grant Date") it has granted options ("Options") over 867.372 ordinary shares of £0.01 each in the Company ("Shares") under its LTIP to Executive Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and other senior staff. The Company's LTIP is designed to incentivise and retain directors and senior staff, along with aligning them with shareholders' interest to create long term value. 

The Options will normally vest, subject to continued employment, on the following schedule:

·    20% each year between the first and fifth anniversaries of the Grant Date; or

·    for Executive Directors only, 60% on the third anniversary and 20% on each of the fourth and fifth anniversaries of the Grant Date. 

To the extent they vest, the Options are exercisable at a price of £0.82 per ordinary share, being the average share price for the three business days before the Grant Date.

The following disclosures are made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014 as it forms part of UK law.

Notification of Transactions of Persons Discharging Managerial Responsibilities

1	Details of the person discharging managerial responsibilities / person closely associated
(a)	Name	Karin Kersten
2	Reason for the notification
(a)	Position/status	Chief Executive Officer
(b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	ASA International Group plc
(b)	LEI	213800NSIUMXPDHUEO94
4	Details of the transaction(s)
(a)	Description of the financial instrument, type of instrument	Ordinary shares of 1p each
	Identification code	GB00BDFXHW57
(b)	Nature of the transaction	Grant of options with £0.82 exercise price under the ASA International Long-Term Incentive Plan
(c)	Currency	GBP
(d)	Price(s) and volume(s)	Price Volume Total Nil 200,000 N/A
(e)	Aggregated information	Price Volume Total Nil 200,000 N/A
(f)	Date of the transaction	2024-07-22
(g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
(a)	Name	Martijn Bollen
2	Reason for the notification
(a)	Position/status	Chief Compliance, Legal and Risk Officer
(b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	ASA International Group plc
(b)	LEI	213800NSIUMXPDHUEO94
4	Details of the transaction(s)
(a)	Description of the financial instrument, type of instrument	Ordinary shares of 1p each
	Identification code	GB00BDFXHW57
(b)	Nature of the transaction	Grant of options with £0.82 exercise price under the ASA International Long-Term Incentive Plan
(c)	Currency	GBP
(d)	Price(s) and volume(s)	Price Volume Total Nil 167,372 N/A
(e)	Aggregated information	Price Volume Total Nil 167,372 N/A
(f)	Date of the transaction	2024-07-22
(g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
(a)	Name	Rob Keijsers
2	Reason for the notification
(a)	Position/status	Chief Digital and Information Officer
(b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	ASA International Group plc
(b)	LEI	213800NSIUMXPDHUEO94
4	Details of the transaction(s)
(a)	Description of the financial instrument, type of instrument	Ordinary shares of 1p each
	Identification code	GB00BDFXHW57
(b)	Nature of the transaction	Grant of options with £0.82 exercise price under the ASA International Long-Term Incentive Plan
(c)	Currency	GBP
(d)	Price(s) and volume(s)	Price Volume Total Nil 150,000 N/A
(e)	Aggregated information	Price Volume Total Nil 150,000 N/A
(f)	Date of the transaction	2024-07-22
(g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
(a)	Name	Tanwir Rahman
2	Reason for the notification
(a)	Position/status	Chief Financial Officer
(b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	ASA International Group plc
(b)	LEI	213800NSIUMXPDHUEO94
4	Details of the transaction(s)
(a)	Description of the financial instrument, type of instrument	Ordinary shares of 1p each
	Identification code	GB00BDFXHW57
(b)	Nature of the transaction	Grant of options with £0.82 exercise price under the ASA International Long-Term Incentive Plan
(c)	Currency	GBP
(d)	Price(s) and volume(s)	Price Volume Total Nil 100,000 N/A
(e)	Aggregated information	Price Volume Total Nil 100,000 N/A
(f)	Date of the transaction	2024-07-22
(g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
(a)	Name	Mischa Assink
2	Reason for the notification
(a)	Position/status	Chief Accountant and Head of Investor Relations
(b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	ASA International Group plc
(b)	LEI	213800NSIUMXPDHUEO94
4	Details of the transaction(s)
(a)	Description of the financial instrument, type of instrument	Ordinary shares of 1p each
	Identification code	GB00BDFXHW57
(b)	Nature of the transaction	Grant of options with £0.82 exercise price under the ASA International Long-Term Incentive Plan
(c)	Currency	GBP
(d)	Price(s) and volume(s)	Price Volume Total Nil 100,000 N/A
(e)	Aggregated information	Price Volume Total Nil 100,000 N/A
(f)	Date of the transaction	2024-07-22
(g)	Place of the transaction	Outside a trading venue

Name of officer of issuer responsible for making notification: Martijn Bollen, Chief Compliance, Legal and Risk Officer Date of notification: 23 July 2024

Enquiries:

ASA International Group plc

Investor Relations                                                                                  

Mischa Assink                                                                             [e-mail]

About ASA International Group plc

ASA International Group plc (ASAI: LN) is one of the world's largest international microfinance institutions, with a strong commitment to financial inclusion and socioeconomic progress. The company provides small, socially responsible loans to low-income, financially underserved entrepreneurs, predominantly women, across South Asia, South East Asia, West and East Africa.

 

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