TIDMASAI
RNS Number : 5565E
ASA International Group PLC
31 October 2022
ASA International Group plc
Grant of options under the ASA International Long-Term Incentive
Plan (the 'LTIP')
ASA International Group plc (the 'Company'), one of the world's
largest international microfinance institutions, announces that on
28 October 2022 (the 'Grant Date') it has granted options
('Options') over about 2,500,000 ordinary shares of GBP0.01 each in
the Company ('Shares') under its LTIP to certain Executive
Directors and Persons Discharging Managerial Responsibilities
('PDMRs'). 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:
-- 20% each year between the first and fifth anniversaries of the Grant Date; or
-- for Executive Directors only, 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 93 pence per ordinary share, being the average share price for
the three business days before the Grant Date.
As disclosed previously (including at the time of the Company's
listing), certain (direct and indirect) shareholders in the Company
are taken to constitute a "concert party" for the purposes of the
Takeover Code. Those shareholders include Dirk Brouwer and the
entities through which he indirectly holds his interests in the
Company, including Catalyst Microfinance Investors ('CMI') and
Catalyst Continuity Limited ('Catalyst Continuity'). CMI and
Catalyst Continuity are ultimately controlled by Dirk Brouwer
through CMIMC, a holding company of the founders of CMI.
A consequence of the current aggregate shareholding of the
Concert Party being 47,303,463 Shares is that any increase in that
aggregate shareholding (which could result from, among other
things, any exercise of the Options granted to Dirk Brouwer), may
result in a requirement under Rule 9 of the Takeover Code for the
Concert Party to make a mandatory offer for the remainder of the
share capital of the Company not already held by it. Therefore, it
is envisaged that (save in circumstances where it is determined
that such an offer is intended and desirable) the independent
directors, being all of the directors of the Company who are not
members of the Concert Party, will, prior to any exercise of
options by any member of the Concert Party, seek a waiver from the
Takeover Panel in respect of any requirement of the Concert Party
to make such a mandatory offer under Rule 9 of the Takeover Code.
It is expected that any such waiver from the Takeover Panel, if
granted, would remain subject to a vote of the independent
shareholders of the Company to approve its terms.
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 PDMRs
1 Details of the person discharging managerial responsibilities
/ person closely associated
(a) Name Dirk Brouwer
-------------------------------- -----------------------------------
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 Ordinary shares of 1p each
instrument, type of instrument
Identification code GB00BDFXHW57
-------------------------------- -----------------------------------
(b) Nature of the transaction Grant of options with GBP0.93
exercise price under the ASA
International Long-Term Incentive
Plan
-------------------------------- -----------------------------------
(c) Currency GBP
-------------------------------- -----------------------------------
(d) Price(s) and volume(s) Price Volume Total
Nil 282,341 N/A
-------- ------
-------------------------------- -----------------------------------
(e) Aggregated information Price Volume Total
Nil 282,341 N/A
-------- ------
(f) Date of the transaction 2022-10-28
(g) Place of the transaction Outside a trading venue
-------------------------------- -----------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
(a) Name Karin Kersten
-------------------------------- -------------------------------
2 Reason for the notification
-----------------------------------------------------------------
(a) Position/status Corporate Development Director
-------------------------------- -------------------------------
(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 Ordinary shares of 1p each
instrument, type of instrument
Identification code GB00BDFXHW57
-------------------------------- -------------------------------
(b) Nature of the transaction Grant of options with GBP0.93
exercise price under the
ASA International Long-Term
Incentive Plan
-------------------------------- -------------------------------
(c) Currency GBP
-------------------------------- -------------------------------
(d) Price(s) and volume(s) Price Volume Total
Nil 157,253 N/A
-------- ------
-------------------------------- -------------------------------
(e) Aggregated information Price Volume Total
Nil 157,253 N/A
-------- ------
(f) Date of the transaction 2022-10-28
(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 General Counsel
-------------------------------- --------------------------------------
(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 Options over ordinary shares
instrument, type of instrument of 1p each
Identification code GB00BDFXHW57
-------------------------------- --------------------------------------
(b) Nature of the transaction Grant of options with GBP0.93exercise
price under the ASA International
Long-Term Incentive Plan
-------------------------------- --------------------------------------
(c) Currency GBP
-------------------------------- --------------------------------------
(d) Price(s) and volume(s) Price Volume Total
Nil 114,113 N/A
-------- ------
-------------------------------- --------------------------------------
(e) Aggregated information Price Volume Total
Nil 114,113 N/A
-------- ------
(f) Date of the transaction 2022-10-28
(g) Place of the transaction Outside a trading venue
-------------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
(a) Name Rob Keijsers
-------------------------------- ------------------------------
2 Reason for the notification
----------------------------------------------------------------
(a) Position/status Chief Innovation 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 Options over ordinary shares
instrument, type of instrument of 1p each
Identification code GB00BDFXHW57
-------------------------------- ------------------------------
(b) Nature of the transaction Grant of options with GBP0.93
exercise price under the
ASA International Long-Term
Incentive Plan
-------------------------------- ------------------------------
(c) Currency GBP
-------------------------------- ------------------------------
(d) Price(s) and volume(s) Price Volume Total
Nil 114,113 N/A
-------- ------
-------------------------------- ------------------------------
(e) Aggregated information Price Volume Total
Nil 114,113 N/A
-------- ------
(f) Date of the transaction 2022-10-28
(g) Place of the transaction Outside a trading venue
-------------------------------- ------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
(a) Name Aminur Rashid
-------------------------------- --------------------------------
2 Reason for the notification
------------------------------------------------------------------
(a) Position/status Executive Director - Operations
-------------------------------- --------------------------------
(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 Ordinary shares of 1p each
instrument, type of instrument
Identification code GB00BDFXHW57
-------------------------------- --------------------------------
(b) Nature of the transaction Grant of options with GBP0.93
exercise price under the
ASA International Long-Term
Incentive Plan
-------------------------------- --------------------------------
(c) Currency GBP
-------------------------------- --------------------------------
(d) Price(s) and volume(s) Price Volume Total
Nil 119,777 N/A
-------- ------
-------------------------------- --------------------------------
(e) Aggregated information Price Volume Total
Nil 119,777 N/A
-------- ------
(f) Date of the transaction 2022-10-28
(g) Place of the transaction Outside a trading venue
-------------------------------- --------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
(a) Name Md. Enamul Haque
-------------------------------- ------------------------------
2 Reason for the notification
----------------------------------------------------------------
(a) Position/status Chief Operating 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 Options over ordinary shares
instrument, type of instrument of 1p each
Identification code GB00BDFXHW57
-------------------------------- ------------------------------
(b) Nature of the transaction Grant of options with GBP0.93
exercise price under the
ASA International Long-Term
Incentive Plan
-------------------------------- ------------------------------
(c) Currency GBP
-------------------------------- ------------------------------
(d) Price(s) and volume(s) Price Volume Total
Nil 101,692 N/A
-------- ------
-------------------------------- ------------------------------
(e) Aggregated information Price Volume Total
Nil 101,692 N/A
-------- ------
(f) Date of the transaction 2022-10-28
(g) 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
--------------------------------------------------------------------
(a) Position/status Senior Vice President - Treasury,
Investment and Risk Management
-------------------------------- ----------------------------------
(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 Options over ordinary shares
instrument, type of instrument of 1p each
Identification code GB00BDFXHW57
-------------------------------- ----------------------------------
(b) Nature of the transaction Grant of options with GBP0.93
exercise price under the
ASA International Long-Term
Incentive Plan
-------------------------------- ----------------------------------
(c) Currency GBP
-------------------------------- ----------------------------------
(d) Price(s) and volume(s) Price Volume Total
Nil 78,319 N/A
------- ------
-------------------------------- ----------------------------------
(e) Aggregated information Price Volume Total
Nil 78,319 N/A
------- ------
(f) Date of the transaction 2022-10-28
(g) Place of the transaction Outside a trading venue
-------------------------------- ----------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
(a) Name Tanwir Habib Rahman
-------------------------------- ------------------------------
2 Reason for the notification
----------------------------------------------------------------
(a) Position/status Chief Financial 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 Options over ordinary shares
instrument, type of instrument of 1p each
Identification code GB00BDFXHW57
-------------------------------- ------------------------------
(b) Nature of the transaction Grant of options with GBP0.93
exercise price under the
ASA International Long-Term
Incentive Plan
-------------------------------- ------------------------------
(c) Currency GBP
-------------------------------- ------------------------------
(d) Price(s) and volume(s) Price Volume Total
Nil 73,371 N/A
------- ------
-------------------------------- ------------------------------
(e) Aggregated information Price Volume Total
Nil 73,371 N/A
------- ------
(f) Date of the transaction 2022-10-28
(g) Place of the transaction Outside a trading venue
-------------------------------- ------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
(a) Name Md. Asifur Rahman
-------------------------------- --------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
(a) Position/status Chief Technical 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 Options over ordinary shares
instrument, type of instrument of 1p each
Identification code GB00BDFXHW57
-------------------------------- --------------------------------------
(b) Nature of the transaction Grant of options with GBP0.93exercise
price under the ASA International
Long-Term Incentive Plan
-------------------------------- --------------------------------------
(c) Currency GBP
-------------------------------- --------------------------------------
(d) Price(s) and volume(s) Price Volume Total
Nil 59,843 N/A
------- ------
-------------------------------- --------------------------------------
(e) Aggregated information Price Volume Total
Nil 59,843 N/A
------- ------
(f) Date of the transaction 2022-10-28
(g) Place of the transaction Outside a trading venue
-------------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
(h) Name Mischa Assink
-------------------------------- -----------------------------------
2 Reason for the notification
---------------------------------------------------------------------
(i) Position/status Chief Accountant
-------------------------------- -----------------------------------
(j) Initial notification/Amendment Initial notification
-------------------------------- -----------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
(k) Name ASA International Group PLC
-------------------------------- -----------------------------------
(l) LEI 213800NSIUMXPDHUEO94
-------------------------------- -----------------------------------
4 Details of the transaction(s)
---------------------------------------------------------------------
(m) Description of the financial Ordinary shares of 1p each
instrument, type of instrument
Identification code GB00BDFXHW57
-------------------------------- -----------------------------------
(n) Nature of the transaction Grant of options with GBP0.93
exercise price under the ASA
International Long-Term Incentive
Plan
-------------------------------- -----------------------------------
(o) Currency GBP
-------------------------------- -----------------------------------
(p) Price(s) and volume(s) Price Volume Total
Nil 105,427 N/A
-------- ------
-------------------------------- -----------------------------------
(q) Aggregated information Price Volume Total
Nil 105,427 N/A
-------- ------
(r) Date of the transaction 2022-10-28
(s) Place of the transaction Outside a trading venue
-------------------------------- -----------------------------------
Name of officer of issuer responsible for making notification:
Martijn Bollen
Date of notification: By 2 November 2022
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END
DSHFLFLRILLTFIF
(END) Dow Jones Newswires
October 31, 2022 03:00 ET (07:00 GMT)
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