REG - ASA Intnl. Grp PLC - Grant of Options
Tue 14:30
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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
(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
(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
(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
(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
(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
(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
(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
(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 (mailto: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.
This announcement does not constitute or form part of any offer or invitation
to purchase, otherwise acquire, issue, subscribe for, sell or otherwise
dispose of any securities, nor any solicitation of any offer to purchase,
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securities. The release, publication or distribution of this announcement in
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