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23 Jul 2024 07:00
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) |
| ||||||
(e) | Aggregated information |
| ||||||
(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) |
| ||||||
(e) | Aggregated information |
| ||||||
(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) |
| ||||||
(e) | Aggregated information |
| ||||||
(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) |
| ||||||
(e) | Aggregated information |
| ||||||
(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) |
| ||||||
(e) | Aggregated information |
| ||||||
(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.
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