ASA International Group plc - Interim Dividend Declaration

ASA International Group plc (LSE: ASAI), one of the world's largest international microfinance institutions, is today pleased to declare an interim dividend of USD 0.03 per share.

Given the sustained improvement in ASA International's operational and financial performance as demonstrated in the 2024 Interim Results and the Q3 2024 Business Update and in line with the capital allocation framework, the Board has approved an interim dividend of USD 0.03 per share. This is the equivalent of 2.37 pence per share based on the USD/GBP exchange rate as of 4 December 2024. The exact exchange rate will be set on 16 December 2024, prior to payment of the dividend on 20 December 2024.

The Board expects to declare a final dividend for 2024 alongside the publication of the 2024 Full Year Results on 24 April 2025.

ASA International intends over time to pay a dividend with a target aggregate dividend pay-out ratio of 30 percent of IFRS net profits realized during the financial year. The Board may elect to pay any such dividend in two instalments in the form of an interim dividend and a final dividend. This dividend policy reflects the long-term earnings and cash-flow potential of the Group, consistent with maintaining sufficient financial flexibility.

Interim Dividend Timetable

05 December 2024           Announcement
12 December 2024           Shares quoted ex-dividend on the London Stock Exchange
13 December 2024           Record date
16 December 2024           Exchange rate determined for payment of dividends in sterling
20 December 2024           Payment date

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.