Here’s our fortnightly list of ASX small caps with big parcels of shares coming out of ‘escrow’.

Escrow refers to shares that are held by early investors or directors restricted from selling for a year or two. The release of escrowed shares can have a big impact on a stock price.

And with Christmas just around the corner, the patron saint of escrowed shares, Santa, has nearly 1.3 billion shares being released over the rest of this month from more than two dozen companies.

Tech company Dropsuite (ASX:DSE) leads the way with the bulk of those. It has some 253 million shares coming out of escrow on December 29, or about 53 per cent of the company’s issued total.

Several other companies have huge parcels of shares being released in time for Christmas, too. Gold miner Horizon Gold (ASX:HRN) has 39m, or 51pc, out on December 21, while marketing company engage:BDR (ASX:EN1) has 147 million being released on December 14.

One-time tech darling GetSwift (ASX:GSW) has about 47 per cent of its issued shares coming out of escrow, with 88 million to be released on December 19.

You might not recognise the name Stemify (ASX:SF1). It was once Robo 3D (ASX:RBO), which got shareholder approval to change its name at its annual general meeting. And the first bit of news out of Stemify is the release of 92 million shares from escrow from December 14-16.

Bounty Mining (ASX:B2Y) is releasing 46 million shares from escrow on December 17, about 12 per cent of its total. It has been extremely active of late, with six announcements about shares being released in the past five weeks.

Reedy Lagoon (ASX:RLC) has 20 million shares being released on December 15. They were originally issued a year ago as part of Reedy Lagoon’s acquisition of three lithium brine projects in Nevada.

Over at Technology Metals Australia (ASX:TMT), 23 million shares are being released on December 21. The major holding shareholders have advised they “remain supportive” of the company and its flagship Gabanintha vanadium project.

Educator 3P Learning (ASX:3PL) and telco Vonex (ASX:VN8) both have a tiny 0.07 per cent of their shares coming out of escrow on December 14 and 24 respectively.

Here’s a list of ASX stocks that have signalled escrow releases before the end of this month:

Scroll or swipe to full reveal table. Click headings to sort

Asx code Company Date released Escrowed shares % of all shares
RLC Reedy Lagoon 15-Dec 20,000,000 5%
EXP Experience Co 15-Dec 6,756,757 1%
TMT Technology Metals Australia 21-Dec 22,510,000 32%
FAU First AU 15-Dec 14,425,417 6%
SF1 Stemify 14-Dec 90,582,999 16%
SF1 Stemify 16-Dec 1,500,000 0.3%
B2Y Bounty Mining 17-Dec 45,906,317 12%
D13 Department 13 18-Dec 200,000,000 37%
MFD Mayfield Childcare 18-Dec 6,005,000 19%
PKA Plukka 22-Dec 10,000,000 5%
EN1 Engage:BDR 14-Dec 146,928,131 51%
SE1 Sensera 22-Dec 50,125,000 21%
DSX Decimal Software 20-Dec 28,900,000 9%
GSW GetSwift 19-Dec 87,936,254 47%
IGE Integrated Green Energy Solutions 21-Dec 6,765,286 2%
UTR Ultracharge 21-Dec 199,543,217 22%
14D 1414 Degrees 21-Dec 3,619,876 2%
3PL 3P Learning 24-Dec 100,000 0.07%
EMH European Metals 14-Dec 3,150,000 2%
NIC Nickel Mines 22-Dec 34,700,690 2%
ONX Orminex 22-Dec 1,833,333 0.3%
VN8 Vonex 14-Dec 102,502 0.07%
WND Windlab 27-Dec 12,574,544 19%
CT1 CCP Technologies 28-Dec 962,243 0.2%
HRN Horizon Gold 21-Dec 39,030,612 51%
DSE Dropsuite 29-Dec 253,191,747 53%
Wordpress Table Plugin

Featured Companies

You might be interested in