Escrow Watch: Just the 82 million shares washing onto the ASX in the next fortnight
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 who are releasing shares that have been locked away in escrow.
Escrow refers to shares that are held by early investors or directions 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.
In the next fortnight, only 82 million-odd shares are being released from escrow, which is well short of the usual amount we find over the course of a two-week period.
Investing tech company Raiz Invest (ASX:RZI) has the most, with 18.4 million, or 28 per cent of its issued total, being released from escrow on April 11.
Pioneer Resources (ASX:PIO) has the next most with 17.5 million releasing on April 10, while Carbonxt (ASX:CG1) also dropping 14 per cent of its issued total, or 12.8 million shares, on April 17.
Affinity Energy & Health (ASX:AOU) has some shares out of escrow on April 6, but hasn’t said how many. Stockhead has contacted the company to find out.
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