ASA International Group plc -
Director Remuneration Update
ASA International Group plc (LSE:
ASAI), one of the world's largest international microfinance
institutions, confirms the remuneration arrangements for certain
directors.
Interim Chief Executive Officer Remuneration
Rob Keijsers' remuneration as Interim
Chief Executive Officer is as follows:
·
Base salary - EUR 234,640.50 per annum with an
additional allowance of EUR 92,043 per annum for assuming the role
of Interim Chief Executive Officer.
·
LTIP - remains a participant in the
scheme.
·
Pension - 10% of maximum pensionable salary as an
allowance. No change from his current position.
Executive Chairman Remuneration
Chris Low's remuneration as
Executive Chairman comprises the equivalent of an annual fee of
£193,300.
Guy
Dawson Remuneration
Guy Dawson, having reverted being an
Independent Non-Executive Director, is now paid the equivalent of
an annual fee of £55,000.
Sheila M'Mbijjewe Remuneration
Sheila M'Mbijjewe's remuneration as
an Independent Non-Executive Director comprises the equivalent of
an annual fee of £55,000.
The details set out above are in
accordance with the terms of the Directors' Remuneration Policy,
which was approved by shareholders at the 2023 Annual General
Meeting held on 15 June 2023.
In accordance with section 430(2B)
of the Companies Act 2006, the information contained in this
announcement will be made available on ASA International's website
until the publication of the 2024 Remuneration Committee's report
as part of ASA International's 2024 Annual Report.
Contact Details
ASA
International Group plc
Investor Relations
Jonathan Berger
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,
otherwise acquire, issue, subscribe for, sell, or otherwise dispose
of any securities. The release, publication or distribution of this
announcement in certain jurisdictions may be restricted by law and
therefore persons in such jurisdictions into which this
announcement is released, published or distributed should inform
themselves about and observe such restriction.
