ASA International Group plc - Result of 2026 Annual General Meeting
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:
(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 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
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.
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