ASA International Group plc reports change of shareholding CMI and Catalyst Continuity
London, United Kingdom / Amsterdam, The Netherlands, 10 July 2023 - ASA International Group plc ('ASA International' or the 'Company'), one of the world's largest international microfinance institutions, today announces the certain changes in its ownership, as well as the ultimate holding of Dirk Brouwer, Co-Founder and Deputy Chairman of the Board of ASA International, as of 7 July 2023.
Change of ownership of CMI, Catalyst Continuity and Dirk Brouwer
Catalyst Microfinance Investors ('CMI'), a private company being the founding shareholder of the Company, held 30.4% of the shares in ASA International. As of 7 July 2023, the shareholding of CMI decreased to 29.2%, and the shareholding of Catalyst Continuity increased from 16.9% to 17.1% due to an in-kind distribution of ASA International shares to one of CMIs shareholders who had exited CMI and now holds shares directly in the Company. In addition, CMIMC, a private company registered under the laws of Mauritius ('CMIMC'), being a company ultimately controlled by Dirk Brouwer, agreed to transfer 1,273 Class B shares in CMI to a private investor for a total purchase consideration of USD 1,000,000 on 7 July 2023.
As a result of the aforementioned transactions, the ultimate shareholding percentage of Dirk Brouwer in ASA International reduced from 20.3% as of 31 December 2022 to 19,3% as of 7 July 2023.
ASA International Group plc
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About ASA International Group plc
ASA International Group plc (ASAI: LN) 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.