Escrow Watch: 126 million shares are honking their way onto the ASX
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Want to know when shares are coming out of escrow? We’ve been keeping tabs, so you don’t have to.
Every two weeks, Stockhead takes a look at the small cap companies that are releasing shares that have been locked away in escrow.
Escrow refers to shares that are held by early investors or directors restrained from selling for a year or two.
The release of escrowed shares can have a big impact on stock price, because a sudden influx of stock onto the market can depress the shares you own.
Over the coming fortnight, over 126 million shares are hitting the ASX.
The vast, vast majority of those will come from Bowen Coking Coal (ASX:BCB), which is releasing 96 million shares all held by Cape Coal, an entity associated with directors of the company.
Cape Coal holds more than 110 million shares in the company, and says it has no plans to divest any of the shares it holds.
Okapi Resources (ASX:OKR), currently in trading suspension but due out on Friday, is releasing nearly 9 million shares, or 16 per cent of its issued total.
And one of the ASX’s newest stocks, AppsVillage (ASX:APV), is releasing just over 700,000 shares in two tranches on September 26 and September 28.
Here’s a list of ASX stocks that have signalled escrow releases in the next fortnight:
Scroll or swipe to full reveal table. Click headings to sort
|Code||Company||Date Released||Escrowed shares||% of shares on issue|
|BCB||Bowen Coking Coal||11-Oct||96,000,000||12.90%|
|AVC||Auctus Alternative Investments||30-Sep||1,098,633||3.20%|