REG - ASA Intnl. Grp PLC - Result of AGM

ASA InternationalAnnouncement

22/06/2022 13:15

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RNS Number : 8311P  ASA International Group PLC  22 June 2022

ASA International Group plc announces result of Annual General Meeting

London, United Kingdom / Amsterdam, The Netherlands, 22 June 2022 - ASA
International Group plc (LSE: ASAI) ('ASA International', the 'Company' or the
'Group'), one of the world's largest international microfinance institutions,
today held its Annual General Meeting ('AGM') at the offices of Investec, 30
Gresham Street, London EC2V 7QP, United Kingdom, at 11.00am BST.

Each of the resolutions contained in the Notice of Meeting was put to the AGM
and voted on by way of a poll. All were duly approved.

As stated in the Company's AGM Notice and under Listing Rule 9.2.2.E, a
resolution to elect or re-elect an Independent Director must be passed by both
a majority of the independent shareholders (i.e. shareholders of the Company
who are entitled to vote on the election of Directors and who are not
controlling shareholders) and a majority of all shareholders (including the
majority shareholder). In order to determine this, votes cast by the
independent shareholders were counted separately in respect of the election of
Guy Dawson, Gavin Laws, Hanny Kemna and Dr Salehuddin Ahmed and are set out
below.

The total number of votes received on each resolution put to the AGM was as
follows:

 No.  Resolution                                                                       Votes FOR (a)             %        Votes AGAINST  %       Votes WITHHELD (b)
 1    Receive 2021 Annual Report and Financial Statements                              84,782,589                98.85%   982,697        1.15%   0

 2    Approve Directors' Remuneration Policy                                           81,503,686                95.03%   4,261,600      4.97%   0

 3    Approve Annual Report on Remuneration                                            85,765,286                100.00%  0              0.00%   0

      Elect Guy Dawson as a Director                                                   All           85,765,286  100.00%  0                      0

 4

                                                                                                                                         0.00%

                                                                                       Independent
      38,461,823                                                                                     100.00%              0              0.00%   0

      Elect Dirk Brouwer as a Director                                                 85,765,286                100.00%  0              0.00%   0

 5
      Elect Aminur Rashid as a Director                                                                          100.00%  0              0.00%   0

 6                                                                                     85,765,470
      Elect Karin Kersten as a Director                                                85,765,470                100.00%  0              0.00%   0

 7
      Elect Gavin Laws as a Director                                                   All           85,765,470  100.00%  0              0.00%   0

 8

                                                                                       Independent

      38,462,007                                                                                     100.00%              0              0.00%   0
      Elect Hanny Kemna as a Director                                                  All           85,765,286  100.00%  0              0.00%   0

 9

                                                                                       Independent
      38,461,823                                                                                     100.00%              0              0.00%   0
      Elect Dr Salehuddin Ahmed as a Director                                          All           85,765,286  100.00%  0              0.00%   0

 10

                                                                                       Independent
      38,461,823                                                                                     100.00%              0              0.00%   0
                                                                                       85,765,286                100.00%  0              0.00%   0

 11   Re-appoint Ernst & Young LLP as Auditor
                                                                                       85,765,286                100.00%  0              0.00%   0

 12   Authorise Audit & Risk Committee to approve Auditor remuneration
                                                                                       82,827,686                96.57%   2,937,600      3.43%   0

 13   Authorise Directors to allot shares
                                                                                       85,765,286                100.00%  0              0.00%   0

 14   Authority to disapply pre-emption rights (up to 5% of issued share capital)
      (c)
                                                                                       85,765,286                100.00%  0              0.00%

 15   Authority to disapply pre-emption rights in connection with specific                                                                       0
      acquisition/ investment (further 5% of issued share capital) (c)
                                                                                       85,765,286                100.00%  0              0.00%   0

 16   Authority to purchase own shares (c)
      Adopt new Articles of Association (c)                                                                      100.00%  0              0.00%   0

 17                                                                                    85,765,286
                                                                                       83,810,383                97.72%   1,954,903      2.28%   0

 18   Authority to call General Meetings (except AGMs) by notice of not less than 14
      days (c)

 

 

NOTES:

(a) The "For" proxy vote includes those giving the Chairman discretion.

(b) A vote "Withheld" is not a vote in law and is not counted in the
calculation of the proxy votes "For" or "Against" the resolution.

(c) Special resolution.

The total number of ordinary shares in issue on 20 June 2022, the deadline for
casting votes by proxy in advance of the AGM, was 100,000,000 shares. 85.77%
of voting capital, including votes withheld, was instructed in respect of the
resolutions put to the AGM.

The full text of the resolutions can be found in the Notice of Annual General
Meeting, which is available on the Company's website at
www.asa-international.com (http://www.asa-international.com) In accordance
with the UK Listing Authority's Listing Rule 9.6.2, copies of all the
resolutions passed by the Company's shareholders, other than ordinary business
will be submitted to the National Storage Mechanism and will shortly be
available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)

 

 

 

Enquiries:

ASA International Group plc

Head of Investor Relations
 
 
 

Véronique Schyns

IR@asa-international.com (mailto:IR@asa-international.com)

 

About ASA International Group plc

ASA International 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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