RNS Number : 3610X
ASA International Group PLC
23 July 2024
 

 

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.

 

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