Escrow Watch: 300 million shares are marching onto the ASX this fortnight
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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, a smidge over 300 million shares are being released on the ASX.
Nearly half belong to HomeStay Care (ASX:HSC), the medtech that makes devices designed to “empower Australians by giving them confidence to continue living in their own home”.
It has nearly 18 per cent of its issued total, 143 million shares, coming out of escrow on November 13.
Telix Pharmaceuticals (ASX:TLX), which Stockhead covered earlier this week in a list of biotech companies close to bringing their drug to market, is releasing nearly 27 per cent of its issued total, close to 68 million shares, from escrow on November 15.
Telco 5G Networks (ASX:5GN) and abalone grower Ocean Grown Abalone (ASX:OGA) also have significant portions of their shares being released from escrow, 24 per cent and 11 per cent respectively.
There are also several companies who have only listed this year releasing shares from escrow — a slight quirk, given many escrowed shares are tied to a company’s IPO — Life360 (ASX:360), Candy Club (ASX:CLB) and Trigg Mining (ASX:TMG).
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 of Release||Shares||% of company|
|OGA||Ocean Grown Abalone||14 November||19,752,567||11.30%|
|SKY||Sky Metals||7 November||4,200,000||1.60%|
|IDX||Integral Diagnostics||8 November||106,830||0.05%|
|CLB||Candy Club||12-13 November||6,199,844||3.60%|
|HSC||HomeStay Care||13 November||143,000,000||17.90%|
|TLX||Telix Pharmaceuticals||15 November||67,556,748||26.70%|
|VRT||Virtus Health||15 November||87,946||0.01%|
|WNB||Wellness & Beuaty solutions||12 November||25,862,776||7.40%|
|5GN||5G Networks||18 November||16,014,507||24.40%|
|TMG||Trigg Mining||20 November||1,200,000||2.10%|
|CNL||Celamin Holdings||19 November||617,605||0.40%|