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ASA International Group plc announced the appointment of Mr John Khabbaz as an Independent Non-Executive Director on 24 April 2025. Upon appointment, Mr Khabbaz became a member of the Nomination Committee, the Remuneration Committee, the Audit and Risk Committee, and the Independent Directors Committee of the Board. The company confirmed that there is no information to be disclosed in terms of LR 6.4.8R (1) to LR 6.4.8R (6) inclusive in respect of Mr Khabbaz.
| Date | 24 Apr 2025 |
| Time | 07:00:12 |
| Category | Board changes |
| ID | 9359F |
ASA International Group plc - Appointment of Independent Non-Executive Director
ASA International Group plc (LSE: ASAI), one of the world's largest international microfinance institutions, is today pleased to announce the appointment of Mr John Khabbaz as an Independent Non-Executive Director.
Upon appointment, John became a member of the Nomination Committee, the Remuneration Committee, the Audit and Risk Committee and the Independent Directors Committee of the Board.
John Khabbaz is the Founder and Chief Investment Officer of Phoenician Capital, a global value investment firm based in New York City, USA. At Phoenician, he employs a private equity approach to public markets, supporting high-quality companies with growth potential. He holds an M.B.A. from Columbia Business School and a Bachelor of Commerce from McGill University. He has served on multiple boards and is currently an Independent Director at Goodfood Market Corp. (TSX: FOOD).
John brings to ASA International extensive experience in global investing, including the emerging markets, corporate leadership, and a strong background in supporting growth-oriented companies. In addition, as a longstanding and committed shareholder, he already has developed a deep understanding of ASA International's microfinance business.
This announcement is made pursuant to Listing Rule 6.4.6R. In accordance with LR 6.4.8R, the Company confirms that there is no information to be disclosed in terms of LR 6.4.8R (1) to LR 6.4.8R (6) inclusive in respect to John Khabbaz.
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.