Result of AGM
ASA International Group plc announced the results of its 2026 Annual General Meeting, where all resolutions were approved by shareholders. Key approvals included the 2025 Annual Report and Financial Statements with 99.52% in favour, the Directors' Remuneration Policy with 92.53% approval, and the Annual Report on Remuneration with 91.13% approval. The company also received overwhelming support for its dividend proposals, with 100% approval for both the 2024 and 2025 final dividends. All director re-elections and new appointments, including Mark Schwartz and Laurence de l'Escaille, passed with very high percentages, generally above 99.99%. The re-appointment of Ernst & Young LLP as auditor also received 100% approval. Resolutions concerning share allotment and disapplication of pre-emption rights also passed with strong majorities, ranging from 93.91% to 99.96%.
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ASA International Group plc (LSE: ASAI), one of the world's largest international microfinance institutions, today held its 2026 Annual General Meeting at the offices of Cavendish Capital Markets, 1 Bartholomew Close, London EC1A 7BL, United Kingdom, at 11.00am UK time.
Each of the resolutions contained in the 2026 Notice of Annual General Meeting (AGM) were put to the 2026 AGM and voted on by way of a poll. All were duly approved.
As stated in the Notice of 2026 AGM and under UK Listing Rule 6.2.8, 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 re-election of Guy Dawson, Hanny Kemna, Sheila M'Mbijjewe and John Khabbaz and the election of Laurence de l'Escaille and are set out below.
The total number of votes received on each resolution put to the 2026 AGM was as follows:
| No. | Resolution | Votes FOR (a) | % | Votes AGAINST | % | Votes WITHHELD (b) | |
|---|---|---|---|---|---|---|---|
| 1 | Receive 2025 Annual Report and Financial Statements | 70,049,755 | 99.52% | 340,209 | 0.48% | 4 | |
| 2 | Approve Directors' Remuneration Policy | 65,129,532 | 92.53% | 5,260,423 | 7.47% | 13 | |
| 3 | Approve Annual Report on Remuneration | 64,146,835 | 91.13% | 6,243,120 | 8.87% | 13 | |
| 4 | Ratify and approve the final dividend for the year ended 31 December 2024. | 70,389,755 | 100.00% | 209 | 0.00% | 4 | |
| 5 | Approve the final dividend for the year ended 31 December 2025. | 70,389,574 | 100.00% | 112 | 0.00% | 282 | |
| 6 | Elect Mark Schwartz as a Director | 70,386,127 | 99.99% | 3,539 | 0.01% | 302 | |
| 7 | Elect Laurence de l'Escaille as a Director | All Independent | 70,386,117 | 99.99% | 3,539 | 0.01% | 312 |
| 40,833,588 | 99.99% | 3,539 | 0.01% | 312 | |||
| 8 | Re-elect Dirk Brouwer as a Director | 65,147,391 | 99.99% | 9,709 | 0.01% | 5,232,868 | |
| 9 | Re-elect Guy Dawson as a Director | All Independent | 70,386,147 | 99.99% | 3,539 | 0.01% | 282 |
| 40,833,618 | 99.99% | 3,539 | 0.01% | 282 | |||
| 10 | Re-elect Rob Keijsers as a Director | 70,385,689 | 99.99% | 3,997 | 0.01% | 282 | |
| 11 | Re-elect Hanny Kemna as a Director | All Independent | 48,431,172 | 100.00% | 1,997 | 0.00% | 21,956,799 |
| 18,878,643 | 99.99% | 1,997 | 0.01% | 21,956,799 | |||
| 12 | Re-elect John Khabbaz as a Director | All Independent | 68,087,047 | 96.73% | 2,300,639 | 3.27% | 2,282 |
| 38,534,518 | 94.37% | 2,300,639 | 5.63% | 2,282 | |||
| 13 | Re-elect Sheila M'Mbijjewe as a Director | All Independent | 70,387,018 | 100.00% | 2,667 | 0.00% | 283 |
| 40,834,489 | 99.99% | 2,667 | 0.01% | 283 | |||
| 14 | Re-appoint Ernst & Young LLP as Auditor | 70,386,764 | 100.00% | 2,922 | 0.00% | 282 | |
| 15 | Authorise Audit & Risk Committee to approve Auditor remuneration | 70,387,490 | 100.00% | 2,474 | 0.00% | 4 | |
| 16 | Authorise Directors to allot shares | 66,102,760 | 93.91% | 4,287,204 | 6.09% | 4 | |
| 17 | Authority to disapply pre-emption rights (up to 5% of issued share capital) (c) | 70,355,055 | 99.95% | 34,909 | 0.05% | 4 | |
| 18 | Authority to disapply pre-emption rights in connection with specific acquisition/ investment (further 5% of issued share capital) (c) | 70,364,124 | 99.96% | 25,766 | 0.04% | 78 | |
| 19 | Authority to call General Meetings (except AGMs) by notice of not less than 14 days (c) | 67,093,917 | 95.32% | 3,296,047 | 4.68% | 4 |
NOTES:
- The "For" proxy vote includes those giving the Chairman discretion.
- Special resolution.
The total number of ordinary shares in issue on 1 June 2026, the deadline for casting votes by proxy in advance of the AGM, was 100,000,000 shares. 70.39% 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 2026 Notice of Annual General Meeting, which is available on the Company's website at www.asa-international.com/investors/shareholder-information/agm/. In accordance with the UK Listing Authority's Listing Rule 6.4.2, 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
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