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.