REG - ASA Intnl. Grp PLC - Director/PDMR Shareholding
23/07/2024 07:00
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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
(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
(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
(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
(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
(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 (mailto:@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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