Director/PDMR Shareholding

ASA International Group PLC

07 January 2025

 

ASA International Group plc - PDMR Notification

ASA International Group plc (LSE: ASAI), one of the world's largest international microfinance institutions, today announces the restructuring of Dirk Brouwer's economic ownership in ASA International, undertaken as part of an estate planning exercise.

As part of broader estate planning activities, Dirk Brouwer has undertaken a restructuring of his economic ownership of ASA International for the benefit of his four children.

Prior to the completion of this exercise on 30 December 2024, Dirk Brouwer's economic ownership of ASA International amounted to 19.3% of total shares outstanding. This economic ownership was held through a vehicle used by Dirk Brouwer to invest in microfinance activities. 

As of 30 December 2024, the indirect economic ownership in ASA International has now been split equally among his four children.

In light of the above restructuring of his economic ownership, and as at the date of this notification, Dirk Brouwer continues to control 46.0% of the total shares outstanding and voting rights of ASA International via CMIMC, which controls Catalyst Microfinance Investors (29.2% shareholding in ASA International) and Catalyst Continuity (16.8% shareholding in ASA International).

PDMR/PCA FCA Transaction Notification

1	Details of the person discharging managerial responsibilities / person closely associated
(a)	Name	Dirk Brouwer
2	Reason for the notification
(a)	Position/status	Deputy Chairman
(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	Financial instrument linked to a share
	Identification code	Identification code for ASA International ordinary shares: GB00BDFXHW57
(b)	Nature of the transaction	Estate planning activities
(c)	Currency	GBP
(d)	Price(s) and volume(s)	Price Volume Total GBP 0.81 19,319,999 15,649,199.19
(e)	Aggregated information	N/A - single transaction
(f)	Date of the transaction	2024-12-30
(g)	Place of the transaction	Outside a trading venue

Contact Details

ASA International Group plc

Investor Relations
Jonathan Berger
[e-mail]

About ASA International Group plc

ASA International Group plc (LSE: ASAI) 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.

Disclaimer

'ASA International', the 'Company', the 'Group' all refer to ASA International Group plc and its subsidiaries.

These disclosures are made in accordance with Article 19 of the UK Market Abuse Regulation relating to certain transactions in the shares of the Company by Directors of the Company, Persons Discharging Managerial Responsibilities ('PDMR') of the Company and/or Persons Closely Associated ('PCA') with the Directors and PDMRs.

This announcement does not constitute or form part of any offer or invitation to purchase, otherwise acquire, issue, subscribe for, sell or otherwise dispose of any securities, nor any solicitation of any offer to purchase, otherwise acquire, issue, subscribe for, sell, or otherwise dispose of any securities. The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published or distributed should inform themselves about and observe such restriction.

 

END