LONDON - ASA International Group plc (LSE: ASAI), a prominent global microfinance institution, has disclosed updated remuneration details for its directors. The announcement, made on January 08, 2025, outlines the compensation arrangements for the company's top executives as per the Directors' Remuneration Policy, which shareholders approved at the Annual General Meeting on June 15, 2023.
Rob Keijsers, serving as the Interim Chief Executive Officer, receives a base salary of EUR 234,640.50 annually, with an additional EUR 92,043 allowance for his interim role. His remuneration package also includes participation in the Long-Term Incentive Plan (LTIP) and a pension allowance of 10% of the maximum pensionable salary, unchanged from his previous position.
Chris Low, the Executive Chairman of ASA International, is compensated with an annual fee equivalent to £193,300. Guy Dawson, who has returned to his role as an Independent (LON:IOG) Non-Executive Director, and Sheila M'Mbijjewe, also an Independent Non-Executive Director, each receive an annual fee of £55,000.
These remuneration details comply with the United Kingdom (TADAWUL:4280)'s Companies Act 2006 and will be available on ASA International's website until the publication of the 2024 Remuneration Committee's report within the company's 2024 Annual Report.
ASA International Group plc focuses on advancing financial inclusion and socioeconomic progress by providing small loans to low-income entrepreneurs, mainly women, in regions including South Asia, Southeast Asia, and Africa.
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