Escrow Watch: 280m shares ready to swarm the ASX
Escrow Watch
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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.
As the daylight begins to lengthen and sun starts to come out, we’ve counted more than 280 million shares due out of escrow in November — from more than a dozen companies.
Apollo Tourism & Leisure (ASX:ATL) has more than half of its issued shares coming out of escrow on November 5 with just shy of 95 million, making up 52 per cent of its total.
The shares are held by the founding shareholder, via a trustee. Upon their release, only 5 per cent of Apollo’s shares will remain under escrow.
Investment company DomaCom (ASX:DCL) has 17 per cent of its issued total coming out of escrow, with 22.9m to be released on November 7.
Newfield Resources (ASX:NWF) is the only other company with a significant percentage of escrowed shares being released, with 61.5m, 10pc of its total, out on November 3. They were originally issued as part of its acquisition of Stellar Diamonds.
Xenith IP (ASX:XIP) and Panorama Synergy (ASX:PSY) are also releasing escrowed shares that were originally issued as part of acquisitions.
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High Grade Metals (ASX:HGM) is drip-feeding a tick under 8 million escrowed shares over the course of a week; all will have been released by November 10.
Esports Mogul (ASX:ESH) is releasing 26m escrowed shares on November 25.
On top of that, it is also releasing from escrow 150m options exercisable at 5c before October 30 next year, alongside 40m unquoted performance shares.
And dinner pack maker Marley Spoon (ASX:MMM) might hold the record for fewest shares being released from escrow: just 41, on November 9. That makes up 0.00003 per cent of its issued total of 140.5m.
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 |
|---|---|---|---|---|
| XIP | Xenith IP | 2-Nov | 3,068,251 | 3% |
| AHX | Apiam Animal Health | 1-Nov | 292,008 | 0.2% |
| AVG | Australian Vintage | 4-Nov | 11,979,797 | 4% |
| DCL | DomaCom | 7-Nov | 22,933,619 | 17% |
| NWF | Newfield Resources | 3-Nov | 61,545,885 | 10% |
| ATL | Apollo Tourism & Leisure | 5-Nov | 94,960,000 | 52% |
| FEL | Fe Limited | 6-Nov | 25,000,000 | 7% |
| AU8 | AuMake International | 7-Nov | 250,877 | 0.1% |
| IDX | Integral Diagnostics | 6-Nov | 568,205 | 0.4% |
| AX8 | Accelerate Resources | 22-Nov | 1,225,000 | 3% |
| HGM | High Grade Metals | 10-Nov | 7,999,996 | 2% |
| ESH | Esports Mogul | 25-Nov | 26,000,000 | 0.2% |
| MMM | Marley Spoon | 9-Nov | 41 | 0.00003% |
| PSY | Panorama Synergy | 13-Nov | 25,000,000 | 4% |
