Press release
ASA
International Group plc announces result of Annual General
Meeting
London,
United Kingdom / Amsterdam, The Netherlands, 20 June 2024 - 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 Cavendish Capital Markets, 1 Bartholomew
Close, London EC1A 7BL, 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
2023 Annual Report and Financial Statements
|
83,652,902
|
98.83
|
992,697
|
1.17
|
0
|
|
2
|
Approve
Annual Report on Remuneration
|
80,371,145
|
94.95
|
4,274,454
|
5.05
|
0
|
|
3
|
Elect Guy Dawson as a
Director
|
All
Independent
|
84,635,599
|
99.99
|
10,000
|
0.01
|
0
|
|
38,306,655
|
99.97
|
10,000
|
0.03
|
0
|
|
4
|
Elect Karin Kersten as
a Director
|
84,635,599
|
99.99
|
10,000
|
0.01
|
0
|
|
5
|
Elect Dirk Brouwer as
a Director
|
84,635,599
|
99.99
|
10,000
|
0.01
|
0
|
|
6
|
Elect Hanny Kemna as a
Director
|
All
Independent
|
84,630,004
|
99.98
|
15,595
|
0.02
|
0
|
|
38,301,060
|
99.96
|
15,595
|
0.04
|
0
|
|
7
|
Elect Salehuddin Ahmed
as a Director
|
All
Independent
|
84,635,599
|
99.99
|
10,000
|
0.01
|
0
|
|
38,306,655
|
99.97
|
10,000
|
0.03
|
0
|
|
8
|
Elect Chris Low as a
Director
|
All
Independent
|
84,635,599
|
99.99
|
10,000
|
0.01
|
0
|
|
38,306,655
|
99.97
|
10,000
|
0.03
|
0
|
|
9
|
Re-appoint
Ernst & Young LLP as Auditor
|
84,635,599
|
99.99
|
10,000
|
0.01
|
0
|
|
10
|
Authorise
Audit & Risk Committee to approve Auditor
remuneration
|
84,635,599
|
99.99
|
10,000
|
0.01
|
0
|
|
11
|
Authorise
Directors to allot shares
|
81,697,999
|
96.52
|
2,947,600
|
3.48
|
0
|
|
12
|
Authority
to disapply pre-emption rights (up to 5% of issued share capital)
(c)
|
84,635,599
|
99.99
|
10,000
|
0.01
|
0
|
|
13
|
Authority
to disapply pre-emption rights in connection with specific
acquisition/ investment (further 5% of issued share capital)
(c)
|
84,632,745
|
99.98
|
12,854
|
0.02
|
0
|
|
14
|
Authority
to purchase own shares (c)
|
84,632,745
|
99.98
|
12,854
|
0.02
|
0
|
|
15
|
Authority
to call General Meetings (except AGMs) by notice of not less than
14 days (c)
|
82,675,101
|
97.67
|
1,970,498
|
2.33
|
0
|
|
16
|
Approval of
waiver given by the Takeover Panel regarding Rule 9 of the Takeover
Code (in the event of a share buyback)
|
36,974,206
|
96.50
|
1,342,449
|
3.50
|
2
|
|
17
|
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)
|
36,974,206
|
96.50
|
1,342,449
|
3.50
|
2
|
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 18 June 2024, the deadline
for casting votes by proxy in advance of the AGM, was
100,000,000 shares. 84.65% 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
https://www.asa-international.com/investors/shareholder-information/agm/
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
Enquiries:
ASA
International Group plc
Head of Investor
Relations
Mischa Assink
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.