RNS Number : 8979E
ASA International Group PLC
04 July 2023
 

 

Press release

 

ASA International Group plc reports grant of options under the ASA International Long-Term Incentive Plan (the 'LTIP') and PDMR Notification

London, United Kingdom / Amsterdam, The Netherlands, 4 July 2023 - ASA International Group plc ('ASA International' or the 'Company'), one of the world's largest international microfinance institutions, today announces that the Company, on 3 July 2023 (the 'Grant Date'), has granted options ('Options') over 125,088 ordinary shares of £0.01 each in the Company ('Shares') under its LTIP to Karin Kersten, the Chief Executive Officer of the Company in connection with her recent appointment on 15 June 2023. 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: 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 84 pence 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 UK Market Abuse Regulation.

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 £0.84 exercise price under the ASA International Long-Term Incentive Plan

(c)     

Currency

GBP

(d)     

Price(s) and volume(s)

Price

Volume

Total

Nil

125,088

N/A

(e)     

Aggregated information

Price

Volume

Total

Nil

125,088

N/A

(f)     

Date of the transaction

2023-07-03

(g)     

Place of the transaction

Outside a trading venue

 

 

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHGRGDRIDGDGXS