Originally Posted by
KJMLimited
This is not correct. The total amount of escrowed shares is about 73m. 25% of those come out of escrow tomorrow which is the day after the FY audited results are released. The next 25% come out of escrow the day after the audited half year result for Dec 2021 (sometime in late Feb/Mar 2022) and the last of them (50%) come out of escrow after the release of the audited full year result for the year ended June 2022 (sometime late Aug/early Sep). So there is not 73m shares coming onto the market tomorrow, there are a maximum of 18.5m - and not all of those are necessarily going to be sold. All this information comes from the prospectus (except for my comment about the likelihood of some not being sold, which is just an opinion).