Grant of Options
ASA International Group plc has corrected its previous announcement regarding the grant of options under its Long-Term Incentive Plan, clarifying that nil-cost options were awarded on June 15, 2026, with an award price of £1.93 per ordinary share, rather than options with an exercise price of £1.93. A total of 380,666 ordinary shares were granted to Executive Directors and Persons Discharging Managerial Responsibilities, with a vesting period of three years subject to continued employment and performance conditions, followed by a two-year holding period. This correction impacts the details of the incentive awards for key personnel.
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The following amendment has been made to the 'Grant of Options' announcement released on 18 June 2026 at 07:00 UK under RNS No: 7358I.
The original announcement incorrectly stated that the awards granted under its Long-Term Incentive Plan in 2026 had an exercise price £1.93 per ordinary share when in fact they have been granted in the form of nil-cost options with an initial award price of £1.93 per ordinary share. In addition, the original announcement stated that the vesting schedule would be 20% each year between the first and fifth anniversaries of the date of the grant of options or for Executive Directors, 60% on the third anniversary and 20% on each of the fourth and fifth anniversaries of the date of the grant of options. The correct vesting schedule is that options will normally vest, subject to continued employment and performance conditions, after three years, with a further two years holding period applying from vesting (after any sales to cover tax and social security obligations). All other details remain unchanged. The full amended text is set out below
ASA International Group plc (LSE: ASAI), one of the world's largest international microfinance institutions, announces that on 15 June 2026 it has granted nil cost options over 380,666 ordinary shares of £0.01 each with an award price of £1.93 per ordinary share under its Long-Term Incentive Plan to Executive Directors and Persons Discharging Managerial Responsibilities. The Long-Term Incentive Plan aims to motivate and retain directors and senior management, while also aligning their interests with those of shareholders to foster long-term value creation.
Long-term incentive awards granted in 2026 are subject to the performance conditions and weightings as outlined in section 4.6.2. of the Remuneration Committee report in the 2025 Annual Report (pages 111-112).
The options will normally vest, subject to continued employment and performance conditions, after three years, with a further two years holding period applying from vesting (after any sales to cover tax and social security obligations).
To the extent they vest, the options are exercisable at nil cost, with the award price of £1.93 per ordinary share being the average share price for the three business days before the grant date.
Notification of Transactions of Persons Discharging Managerial Responsibilities
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| (a) | Name | Rob Keijsers |
| 2 | Reason for the notification | |
| (a) | Position/status | Chief Executive Officer / PDMR |
| (b) | Initial notification/Amendment | Initial notification |
| (a) | Name | ASA International Group plc |
| (b) | LEI | 213800NSIUMXPDHUEO94 |
| 4 | Details of the transaction(s) | |
| (a) | Description of the financial instrument, type of instrument | Ordinary shares of 1p each |
| Identification code | GB00BDFXHW57 | |
| (b) | Nature of the transaction | Grant of nil cost options under the ASA International Long-Term Incentive Plan |
| (c) | Currency | GBP |
| (d) | Price(s) and volume(s) | Price Volume Total Nil 140,934 N/A |
| (e) | Aggregated information | Price Volume Total Nil 140,934 N/A |
| (f) | Date of the transaction | 2026-06-15 |
| (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 / PDMR |
| (b) | Initial notification/Amendment | Initial notification |
| (a) | Name | ASA International Group plc |
| (b) | LEI | 213800NSIUMXPDHUEO94 |
| 4 | Details of the transaction(s) | |
| (a) | Description of the financial instrument, type of instrument | Ordinary shares of 1p each |
| Identification code | GB00BDFXHW57 | |
| (b) | Nature of the transaction | Grant of nil cost options under the ASA International Long-Term Incentive Plan |
| (c) | Currency | GBP |
| (d) | Price(s) and volume(s) | Price Volume Total Nil 39,032 N/A |
| (e) | Aggregated information | Price Volume Total Nil 39,032 N/A |
| (f) | Date of the transaction | 2026-06-15 |
| (g) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| (a) | Name | Steven van Zuylen |
| 2 | Reason for the notification | |
| (b) | Position/status | Chief Technology Officer / PDMR |
| (c) | Initial notification/Amendment | Initial notification |
| (d) | Name | ASA International Group plc |
| (e) | LEI | 213800NSIUMXPDHUEO94 |
| 4 | Details of the transaction(s) | |
| (f) | Description of the financial instrument, type of instrument | Ordinary shares of 1p each |
| Identification code | GB00BDFXHW57 | |
| (g) | Nature of the transaction | Grant of nil cost options under the ASA International Long-Term Incentive Plan |
| (h) | Currency | GBP |
| (i) | Price(s) and volume(s) | Price Volume Total Nil 36,072 N/A |
| (j) | Aggregated information | Price Volume Total Nil 36,072 N/A |
| (k) | Date of the transaction | 2026-06-15 |
| (l) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| (a) | Name | Grace Thiongo |
| 2 | Reason for the notification | |
| (b) | Position/status | Chief Risk and Compliance Officer / PDMR |
| (c) | Initial notification/Amendment | Initial notification |
| (d) | Name | ASA International Group plc |
| (e) | LEI | 213800NSIUMXPDHUEO94 |
| 4 | Details of the transaction(s) | |
| (f) | Description of the financial instrument, type of instrument | Ordinary shares of 1p each |
| Identification code | GB00BDFXHW57 | |
| (g) | Nature of the transaction | Grant of nil cost options under the ASA International Long-Term Incentive Plan |
| (h) | Currency | GBP |
| (i) | Price(s) and volume(s) | Price Volume Total Nil 34,072 N/A |
| (j) | Aggregated information | Price Volume Total Nil 34,072 N/A |
| (k) | Date of the transaction | 2026-06-15 |
| (l) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| (a) | Name | Sivan Maron / PDMR |
| 2 | Reason for the notification | |
| (b) | Position/status | Chief Human Resources Officer |
| (c) | Initial notification/Amendment | Initial notification |
| (d) | Name | ASA International Group plc |
| (e) | LEI | 213800NSIUMXPDHUEO94 |
| 4 | Details of the transaction(s) | |
| (f) | Description of the financial instrument, type of instrument | Ordinary shares of 1p each |
| Identification code | GB00BDFXHW57 | |
| (g) | Nature of the transaction | Grant of nil cost options under the ASA International Long-Term Incentive Plan |
| (h) | Currency | GBP |
| (i) | Price(s) and volume(s) | Price Volume Total Nil 36,072 N/A |
| (j) | Aggregated information | Price Volume Total Nil 36,072 N/A |
| (k) | Date of the transaction | 2026-06-15 |
| (l) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| (a) | Name | Geert Embrechts |
| 2 | Reason for the notification | |
| (b) | Position/status | Chief Financial Officer / PDMR |
| (c) | Initial notification/Amendment | Initial notification |
| (d) | Name | ASA International Group plc |
| (e) | LEI | 213800NSIUMXPDHUEO94 |
| 4 | Details of the transaction(s) | |
| (f) | Description of the financial instrument, type of instrument | Ordinary shares of 1p each |
| Identification code | GB00BDFXHW57 | |
| (g) | Nature of the transaction | Grant of nil cost options under the ASA International Long-Term Incentive Plan |
| (h) | Currency | GBP |
| (i) | Price(s) and volume(s) | Price Volume Total Nil 75,635 N/A |
| (j) | Aggregated information | Price Volume Total Nil 75,635 N/A |
| (k) | Date of the transaction | 2026-06-15 |
| (l) | 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 | |
| (b) | Position/status | Chief of Operations / PDMR |
| (c) | Initial notification/Amendment | Initial notification |
| (d) | Name | ASA International Group plc |
| (e) | LEI | 213800NSIUMXPDHUEO94 |
| 4 | Details of the transaction(s) | |
| (f) | Description of the financial instrument, type of instrument | Ordinary shares of 1p each |
| Identification code | GB00BDFXHW57 | |
| (g) | Nature of the transaction | Grant of nil cost options under the ASA International Long-Term Incentive Plan |
| (h) | Currency | GBP |
| (i) | Price(s) and volume(s) | Price Volume Total Nil 18,848 N/A |
| (j) | Aggregated information | Price Volume Total Nil 18,848 N/A |
| (k) | Date of the transaction | 2026-06-15 |
| (l) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.