RNS Number : 1646F
ASA International Group PLC
28 October 2025
ASA International Group plc - Grant of Options
ASA International Group plc (LSE: ASAI), one of the world's largest international microfinance institutions, announces that on 27 October 2025 it has granted options over 277,676 ordinary shares of £0.01 each under its Long-Term Incentive Plan to Executive Directors and Persons Discharging Managerial Responsibilities. The Long-Term Incentive Plan aims to motivate and retain directors and senior management, while also aligning their interests with those of shareholders to foster long-term value creation.
Vesting of these options will be subject to meeting targets related to the growth in book value of the Company (defined in the financial statements as "Total Equity Attributable to Equity Holders of the Parent") between 30 June 2025 and 30 June 2028 on a per share basis. The Threshold, Target and Stretch targets have been formulated as a sliding scale:
3-year growth in book value per share
Maximum % of options vesting
<10% CAGR (i.e. <33.1% total growth)
0
Threshold
10% CAGR (i.e. 33.1% total growth)
25
Target
15% CAGR (i.e. 52.09% total growth)
50
Stretch
≥20% CAGR (i.e. 72.8% total growth)
100
Note: Total growth refers to actual growth over the three year period.
The Directors shall retain discretion regarding the precise methodology for measurement of the growth in book value per share; for example, taking into account the impact of foreign exchange rates or one-off accounting items.
The options will normally vest, subject to continued employment and meeting the above targets, on the following schedule:
§ 27 October 2028 - 60% of options
§ 27 October 2029 - 20% of options
§ 27 October 2030 - 20% of options
To the extent they vest, the options are exercisable at a price of £1.79 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
Rob Keijsers
2
Reason for the notification
(a)
Position/status
Chief Executive Officer / PDMR
(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 £1.79 exercise price under the ASA International Long-Term Incentive Plan
(c)
Currency
GBP
(d)
Price(s) and volume(s)
Price
Volume
Total
Nil
122,672
N/A
(e)
Aggregated information
Price
Volume
Total
Nil
122,672
N/A
(f)
Date of the transaction
2025-10-27
(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 Legal Officer / PDMR
(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 £1.79 exercise price under the ASA International Long-Term Incentive Plan
(c)
Currency
GBP
(d)
Price(s) and volume(s)
Price
Volume
Total
Nil
37,389
N/A
(e)
Aggregated information
Price
Volume
Total
Nil
37,389
N/A
(f)
Date of the transaction
2025-10-27
(g)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
(a)
Name
Steven van Zuylen
2
Reason for the notification
(b)
Position/status
Chief Technology Officer / PDMR
(c)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(d)
Name
ASA International Group plc
(e)
LEI
213800NSIUMXPDHUEO94
4
Details of the transaction(s)
(f)
Description of the financial instrument, type of instrument
Ordinary shares of 1p each
Identification code
GB00BDFXHW57
(g)
Nature of the transaction
Grant of options with £1.79 exercise price under the ASA International Long-Term Incentive Plan
(h)
Currency
GBP
(i)
Price(s) and volume(s)
Price
Volume
Total
Nil
31,339
N/A
(j)
Aggregated information
Price
Volume
Total
Nil
31,339
N/A
(k)
Date of the transaction
2025-10-27
(l)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
(a)
Name
Grace Thiongo
2
Reason for the notification
(b)
Position/status
Chief Risk and Compliance Officer / PDMR
(c)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(d)
Name
ASA International Group plc
(e)
LEI
213800NSIUMXPDHUEO94
4
Details of the transaction(s)
(f)
Description of the financial instrument, type of instrument
Ordinary shares of 1p each
Identification code
GB00BDFXHW57
(g)
Nature of the transaction
Grant of options with £1.79 exercise price under the ASA International Long-Term Incentive Plan
(h)
Currency
GBP
(i)
Price(s) and volume(s)
Price
Volume
Total
Nil
24,182
N/A
(j)
Aggregated information
Price
Volume
Total
Nil
24,182
N/A
(k)
Date of the transaction
2025-10-27
(l)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
(a)
Name
Sivan Maron / PDMR
2
Reason for the notification
(b)
Position/status
Chief Human Resources Officer
(c)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(d)
Name
ASA International Group plc
(e)
LEI
213800NSIUMXPDHUEO94
4
Details of the transaction(s)
(f)
Description of the financial instrument, type of instrument
Ordinary shares of 1p each
Identification code
GB00BDFXHW57
(g)
Nature of the transaction
Grant of options with £1.79 exercise price under the ASA International Long-Term Incentive Plan
(h)
Currency
GBP
(i)
Price(s) and volume(s)
Price
Volume
Total
Nil
20,157
N/A
(j)
Aggregated information
Price
Volume
Total
Nil
20,157
N/A
(k)
Date of the transaction
2025-10-27
(l)
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
(b)
Position/status
Chief Financial Officer / PDMR
(c)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(d)
Name
ASA International Group plc
(e)
LEI
213800NSIUMXPDHUEO94
4
Details of the transaction(s)
(f)
Description of the financial instrument, type of instrument
Ordinary shares of 1p each
Identification code
GB00BDFXHW57
(g)
Nature of the transaction
Grant of options with £1.79 exercise price under the ASA International Long-Term Incentive Plan
(h)
Currency
GBP
(i)
Price(s) and volume(s)
Price
Volume
Total
Nil
19,679
N/A
(j)
Aggregated information
Price
Volume
Total
Nil
19,679
N/A
(k)
Date of the transaction
2025-10-27
(l)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
(a)
Name
Mohammed Azim Hossain
2
Reason for the notification
(b)
Position/status
Chief of Operations / PDMR
(c)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(d)
Name
ASA International Group plc
(e)
LEI
213800NSIUMXPDHUEO94
4
Details of the transaction(s)
(f)
Description of the financial instrument, type of instrument
Ordinary shares of 1p each
Identification code
GB00BDFXHW57
(g)
Nature of the transaction
Grant of options with £1.79 exercise price under the ASA International Long-Term Incentive Plan
(h)
Currency
GBP
(i)
Price(s) and volume(s)
Price
Volume
Total
Nil
18,359
N/A
(j)
Aggregated information
Price
Volume
Total
Nil
18,359
N/A
(k)
Date of the transaction
2025-10-27
(l)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
(a)
Name
Mohammed Ezazul Islam
2
Reason for the notification
(b)
Position/status
Head of Internal Audit / PDMR
(c)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(d)
Name
ASA International Group plc
(e)
LEI
213800NSIUMXPDHUEO94
4
Details of the transaction(s)
(f)
Description of the financial instrument, type of instrument
Ordinary shares of 1p each
Identification code
GB00BDFXHW57
(g)
Nature of the transaction
Grant of options with £1.79 exercise price under the ASA International Long-Term Incentive Plan
(h)
Currency
GBP
(i)
Price(s) and volume(s)
Price
Volume
Total
Nil
3,899
N/A
(j)
Aggregated information
Price
Volume
Total
Nil
3,899
N/A
(k)
Date of the transaction
2025-10-27
(l)
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.
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