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
ir@asa-international.com
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.
