REG - ASA Intnl. Grp PLC - Director/PDMR Shareholding

ASA InternationalAnnouncement

10/07/2023 16:30

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RNS Number : 5474F  ASA International Group PLC  10 July 2023

 

Press release

 

ASA International Group plc reports change of shareholding CMI and Catalyst
Continuity

London, United Kingdom / Amsterdam, The Netherlands, 10 July 2023 - ASA
International Group plc ('ASA International' or the 'Company'), one of the
world's largest international microfinance institutions, today announces the
certain changes in its ownership, as well as the ultimate holding of Dirk
Brouwer, Co-Founder and Deputy Chairman of the Board of ASA International, as
of 7 July 2023.

Change of ownership of CMI, Catalyst Continuity and Dirk Brouwer

Catalyst Microfinance Investors ('CMI'), a private company being the founding
shareholder of the Company, held 30.4% of the shares in ASA International. As
of 7 July 2023, the shareholding of CMI decreased to 29.2%, and the
shareholding of Catalyst Continuity increased from 16.9% to 17.1% due to an
in-kind distribution of ASA International shares to one of CMIs shareholders
who had exited CMI and now holds shares directly in the Company. In addition,
CMIMC, a private company registered under the laws of Mauritius ('CMIMC'),
being a company ultimately controlled by Dirk Brouwer, agreed to transfer
1,273 Class B shares in CMI to a private investor for a total purchase
consideration of USD 1,000,000 on 7 July 2023.

As a result of the aforementioned transactions, the ultimate shareholding
percentage of Dirk Brouwer in ASA International reduced from 20.3% as of 31
December 2022 to 19,3% as of 7 July 2023.

 

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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