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
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.