Hi rastes...
There are no compulsorily escrowed shares. There should be some voluntary escrowed ones!
See attached link ASX note.
“An entity must meet certain initial and ongoing notification obligations in relation to securities subject to voluntary escrow, including notifying ASX of their impending release from escrow not less than 10 business days before the end of the escrow period. (23)”
(23) See ‘8. Notification obligations’ on page 31.
“8.6 Notification of release of securities from escrow
An entity must notify ASX that restricted securities or securities subject to voluntary escrow will be released from escrow not less than 10 business days before the end of the escrow period.(148) This notification will be released to the market so that it is aware of the forthcoming release of the securities from escrow.
There is no prescribed form for this type of notification. A standard market announcement will suffice.
Where an entity fails to provide the requisite 10 business days’ notice that securities are about to be released from ASX or voluntary escrow, ASX is likely to designate the securities in question as restricted securities(149) and require them to continue to be escrowed until the requisite 10 business days’ notice has been given.” End quote.
No one can check on the following to see if there are any voluntary escrowed shares as the 2019 annual report has not been supplied
Quote - “A listed entity must disclose in its annual report the number and class of ASX restricted securities or securities subject to voluntary escrow and the date that the escrow period ends.
In the case of securities subject to voluntary escrow, it is incumbent on the entity to ensure that it has the necessary arrangements in place with the holders of the securities to enable it to comply with this requirement.”
https://www.asx.com.au/documents/asx-compliance/annexure-c-new-gn-11.pdf
