NOR 0.00% 3.8¢ norwood systems limited

Ann: Appendix 3B - release of shares from escrow, page-3

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  1. 2,305 Posts.
    lightbulb Created with Sketch. 309
    nothing really.

    around 2M shares most likely belonging to company insiders or advisers are now able to be sold.
    FYI when your shares or options are in escrow you can't sell them.

    A 'voluntary escrow' is a way for the ASX to stop people who are issued shares in a float to not dump them right away. Typically 24 month escrow period depending on the transaction (e.g. a backdoor like NOR)
 
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