Escrow watch: Nearly 300 million shares are bursting onto the ASX in the coming weeks

Escrow Watch Daniel Paproth
Escrow watch: Nearly 300 million shares are bursting onto the ASX in the coming weeks

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 formerly 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.

Aeeris (ASX:AER) has 127,500 shares coming out of escrow on February 25. They were originally issued for heart-warming reasons: to employees on February 25 2016 “as a reward for their dedication and hard work and to also incentivise them for future performance”. Onya, Aeeris.

Pivotal Systems (ASX:PVS) has about 7 per cent, or just over eight million shares, coming out of escrow, but we don’t know when — the company says they will be released the day after its full-year results, but it won’t say when that will be. Hmm.

Digital Wine Ventures (ASX:DW8) has the highest proportion of shares coming out of escrow with about 20 per cent of its issued capital, or 141 million, coming out of escrow on February 28.

February 28 alone will see 151 million shares being released from escrow — PINCHme.com (ASX:PIN), Rafaella Resources (ASX:RFR), Credible Labs (ASX:CRD) and engage:BDR (ASX:EN1) are also coming out of escrow with shares that day.

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

ASX code Company Date released Escrowed shares % of all shares
AVC Auctus Alternative 6-Mar 750,000 3%
JXT Jaxsta 6-Mar 250,001 0.1%
JXT Jaxsta 12-Mar 333,334 0.1%
AER Aeeris 25-Feb 127,500 0.2%
IDX Integral Diagnostics 25-Feb 776,720 0.5%
EMH European Metals 26-Feb 1,500,000 1%
CRD Credible Labs 28-Feb 2,610,218 1%
PIN PINCHme.com 28-Feb 15,975,000 11%
RFR Rafaella Resources 28-Feb 1,488,750 4%
DW8 Digital Wine Ventures 28-Feb 141,103,436 20%
HGM High Grade Metals 27-Feb 40,000,000 9%
PVS Pivotal Systems - 8,532,999 7%
EN1 engage:BDR 28-Feb 6,523,453 1%
MMM Marley Spoon 1-Mar 1,408,000 1%
PIQ Proteomics International 5-Mar 3,868,305 5%
WordPress Table

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