REG - ASA Intnl. Grp PLC - Grant of options and PDMR Notification

ASA InternationalAnnouncement

04/07/2023 08:45

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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

(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
(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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