TIDMASAI

RNS Number : 7107D

ASA International Group PLC

30 June 2021

ASA International Group plc announces result of Annual General Meeting

Amsterdam, London, United Kingdom / Amsterdam, The Netherlands, 30 June 2021 - ASA International Group plc (LSE: ASAI) ('ASA International', the 'Company' or the 'Group'), one of the world's largest international microfinance institutions, today held its Annual General Meeting ('AGM') at the offices of Investec, 30 Gresham Street, London EC2V 7QP, United Kingdom, at 11.00am BST.

Each of the resolutions contained in the Notice of Meeting were put to the AGM and voted on by way of a poll. All were duly approved.

As stated in the Company's AGM Notice and under Listing Rule 9.2.2.E, a resolution to elect or re-elect an Independent Director must be passed by both a majority of the independent shareholders (i.e. shareholders of the Company who are entitled to vote on the election of Directors and who are not controlling shareholders) and a majority of all shareholders (including the majority shareholder). In order to determine this, votes cast by the independent shareholders were counted separately in respect of the election of Praful Patel, Gavin Laws, Guy Dawson, Hanny Kemna and Dr Salehuddin Ahmed and are set out below.

The total number of votes received on each resolution put to the AGM was as follows:

 
 No.   Resolution                   Votes FOR (a)               %         Votes AGAINST   %         Votes WITHHELD (b) 
       Receive 2020 Annual Report 
 1     and Accounts                        77,412,512           98.75%       982,697       1.25%            0 
      ---------------------------  --------------------------  --------  --------------  --------  ------------------- 
       Approve Annual Report on 
 2     Remuneration                        78,395,209           100.00%         0         0.00%             0 
      ---------------------------  --------------------------  --------  --------------  --------  ------------------- 
                                        All 
 
 
       Elect Guy Dawson as a 
 3     Director                      Independent   78,395,209   100.00%         0           0.00%           0 
      ---------------------------  -------------  -----------  --------  --------------  --------  ------------------- 
                                                   30,308,817   100.00%         0          0.00%            0 
      ---------------------------  -------------  -----------  --------  --------------  --------  ------------------- 
       Elect Dirk Brouwer as a 
 4     Director                            78,395,209           100.00%         0          0.00%            0 
      ---------------------------  --------------------------  --------  --------------  --------  ------------------- 
       Elect Aminur Rashid as a 
 5     Director                            78,395,209           100.00%         0          0.00%            0 
      ---------------------------  --------------------------  --------  --------------  --------  ------------------- 
                                        All 
       Elect Praful Patel as a 
 6     Director                      Independent   78,395,209   100.00%         0          0.00%            0 
      ---------------------------  -------------  -----------  --------  --------------  --------  ------------------- 
                                                   30,308,817   100.00%         0          0.00%            0 
      ---------------------------  -------------  -----------  --------  --------------  --------  ------------------- 
                                        All 
       Elect Gavin Laws as a 
 7     Director                      Independent   78,395,209   100.00%         0          0.00%            0 
      ---------------------------  -------------  -----------  --------  --------------  --------  ------------------- 
                                                   30,308,817   100.00%         0          0.00%            0 
      ---------------------------  -------------  -----------  --------  --------------  --------  ------------------- 
                                        All 
       Elect Hanny Kemna as a 
 8     Director                      Independent   78,395,209   100.00%         0          0.00%            0 
      ---------------------------  -------------  -----------  --------  --------------  --------  ------------------- 
                                                   30,308,817   100.00%         0          0.00%            0 
      ---------------------------  -------------  -----------  --------  --------------  --------  ------------------- 
                                        All 
       Elect Dr Salehuddin Ahmed 
 9     as a Director                 Independent   78,135,840   99.67%       259,369       0.33%            0 
      ---------------------------  -------------  -----------  --------  --------------  --------  ------------------- 
                                                   30,049,448   99.14%       259,369       0.86%            0 
      ---------------------------  -------------  -----------  --------  --------------  --------  ------------------- 
       Re-appoint Ernst & Young 
 10    LLP as Auditor                      78,395,209           100.00%         0          0.00%            0 
      ---------------------------  --------------------------  --------  --------------  --------  ------------------- 
 11    Authorise Audit & Risk              78,395,209           100.00%         0          0.00%            0 
       Committee to approve 
       Auditor remuneration 
      ---------------------------  --------------------------  --------  --------------  --------  ------------------- 
       Authorise Directors to 
 12    allot shares                        74,976,598           95.64%      3,418,611      4.36%            0 
      ---------------------------  --------------------------  --------  --------------  --------  ------------------- 
 13    Authority to disapply               78,395,209           100.00%         0          0.00%            0 
       pre-emption rights (up to 
       5% of issued share 
       capital) (c) 
      ---------------------------  --------------------------  --------  --------------  --------  ------------------- 
 14    Authority to disapply               78,395,209           100.00%         0          0.00% 
       pre-emption rights in                                                                                 0 
       connection with specific 
       acquisition/ investment 
       (further 5% of issued 
       share capital) (c) 
      ---------------------------  --------------------------  --------  --------------  --------  ------------------- 
       Authority to purchase own 
 15    shares (c)                          78,395,209           100.00%         0          0.00%            0 
      ---------------------------  --------------------------  --------  --------------  --------  ------------------- 
 16    Authority to call General           76,440,306           97.51%      1,954,903      2.49%            0 
       Meetings (except AGM's) by 
       notice of not less than 14 
       days (c) 
      ---------------------------  --------------------------  --------  --------------  --------  ------------------- 
 

NOTES:

(a) The "For" proxy vote includes those giving the Chairman discretion.

(b) A vote "Withheld" is not a vote in law and is not counted in the calculation of the proxy votes "For" or "Against" the resolution.

(c) Special resolution .

The total number of ordinary shares in issue on 28 June 2021, the deadline for casting votes by proxy in advance of the AGM, was 100,000,000 shares. 78.40 % of voting capital, including votes withheld, was instructed in respect of the resolutions put to the AGM.

The full text of the resolutions can be found in the Notice of Annual General Meeting, which is available on the Company's website at www.asa-international.com In accordance with the UK Listing Authority's Listing Rule 9.6.2, copies of all the resolutions passed by the Company's shareholders, other than ordinary business will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

---

Enquiries:

ASA International Group plc

Investor Relations +31 6 2030 0139

VĂ©ronique Schyns vschyns@asa-international.com

About ASA International Group plc

ASA International 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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June 30, 2021 10:40 ET (14:40 GMT)

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