REG - ASA Intnl. Grp PLC - Result of AGM

ASA InternationalAnnouncement

15/06/2023 12:15

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RNS Number : 8767C  ASA International Group PLC  15 June 2023

 

ASA International Group plc announces result of Annual General Meeting

London, United Kingdom / Amsterdam, The Netherlands, 15 June 2023 - 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, Hanny Kemna, Dr Salehuddin Ahmed, and Chris Low 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 2022 Annual Report and Financial Statements                             73,453,728                98.68   982,697        1.32  0
 2    Approve Directors' Remuneration Policy                                          71,149,073                95.58   3,287,352      4.42  0

 3    Approve Annual Report on Remuneration                                           71,154,668                95.59   3,281,757      4.41  0

      Elect Guy Dawson as a Director                                                  All           74,436,425  100.00  0              0.00  0

 4

                                                                                      Independent
      27,132,962                                                                                    100.00              0              0.00  0
      Elect Dirk Brouwer as a Director                                                74,436,425                100.00  0              0.00  0

 5
      Elect Aminur Rashid as a Director                                               74,430,830                99.99   5,595          0.01  0

 6
      Elect Karin Kersten as a Director                                               74,436,425                100.00  0              0.00  0

 7
      Elect Hanny Kemna as a Director                                                 All           74,436,425  100.00  0              0.00  0

 8

                                                                                      Independent

      27,132,962                                                                                    100.00              0              0.00  0
      Elect Salehuddin Ahmed as a Director                                            All           74,436,425  100.00  0              0.00  0

 9

                                                                                      Independent
      27,132,962                                                                                    100.00              0              0.00  0
      Elect Chris Low as a Director                                                   All           74,436,425  100.00  0              0.00  0

 10

                                                                                      Independent
      27,132,962                                                                                    100.00              0              0.00  0
                                                                                      74,436,425                100.00  0              0.00  0

 11   Re-appoint Ernst & Young LLP as Auditor
                                                                                      74,436,425                100.00  0              0.00  0

 12   Authorise Audit & Risk Committee to approve Auditor remuneration
                                                                                      71,498,825                96.05   2,937,600      3.95  0

 13   Authorise Directors to allot shares
                                                                                      74,436,425                100.00  0              0.00  0

 14   Authority to disapply pre-emption rights (up to 5% of issued share capital)
      (c)
                                                                                      74,433,571                100.00  2,854          0.00  0

 15   Authority to disapply pre-emption rights in connection with specific
      acquisition/ investment (further 5% of issued share capital) (c)
                                                                                      74,433,571                100.00  2,854          0.00  0

 16   Authority to purchase own shares (c)
      Authority to call General Meetings (except AGMs) by notice of not less than 14  72,475,927                97.37   1,960,498      2.63  0

    days (c)
 17
                                                                                      25,800,513                95.09   1,332,449      4.91  2

 18

      Approval of waiver given by the Takeover Panel regarding Rule 9 of the
      Takeover Code (in the event of a share buyback)

                                                                                      25,800,513                95.09   1,332,449      4.91  2

 19   Approval of waiver given by the Takeover Panel regarding Rule 9 of the
      Takeover Code (in the event of a share option exercise under the LTIP)

 

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 13 June 2023, the deadline for
casting votes by proxy in advance of the AGM, was 100,000,000 shares. 74.44%
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
 
 
 

Mischa Assink

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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