ASA International Group PLC Director/PDMR Shareholding (5474F)
July 10 2023 - 10:30AM
UK Regulatory
TIDMASAI
RNS Number : 5474F
ASA International Group PLC
10 July 2023
Press release
ASA International Group plc reports change of shareholding CMI
and Catalyst Continuity
London, United Kingdom / Amsterdam, The Netherlands, 10 July
2023 - ASA International Group plc ('ASA International' or the
'Company'), one of the world's largest international microfinance
institutions, today announces the certain changes in its ownership,
as well as the ultimate holding of Dirk Brouwer, Co-Founder and
Deputy Chairman of the Board of ASA International, as of 7 July
2023.
Change of ownership of CMI, Catalyst Continuity and Dirk
Brouwer
Catalyst Microfinance Investors ('CMI'), a private company being
the founding shareholder of the Company, held 30.4% of the shares
in ASA International. As of 7 July 2023, the shareholding of CMI
decreased to 29.2%, and the shareholding of Catalyst Continuity
increased from 16.9% to 17.1% due to an in-kind distribution of ASA
International shares to one of CMIs shareholders who had exited CMI
and now holds shares directly in the Company. In addition, CMIMC, a
private company registered under the laws of Mauritius ('CMIMC'),
being a company ultimately controlled by Dirk Brouwer, agreed to
transfer 1,273 Class B shares in CMI to a private investor for a
total purchase consideration of USD 1,000,000 on 7 July 2023.
As a result of the aforementioned transactions, the ultimate
shareholding percentage of Dirk Brouwer in ASA International
reduced from 20.3% as of 31 December 2022 to 19,3% as of 7 July
2023.
Enquiries:
ASA International Group plc
Investor Relations
Mischa Assink ir @asa-international.com
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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END
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