Why Euroz accumulating? (Zero Nominees Pty Ltd), page-19

joshx01


In regards to who are these Directors and Shareholder it doesn't matter as they are affiliated with Euroz.

What matters is WHO is the beneficial owner/s of these 48,572,819 shares (16/03/18) or 2.38% (THE CUSTOMER / CLIENT OF EUROZ)

An investor's shares are legally owned by a stockbroker's non-trading subsidiary, or nominee company. The investor is the stock's beneficial owner and has rights over the shares. The stockbroker records all beneficial owners, trades according to an investor's directions, and passes cash from sales or dividends to an investor.

A nominee is a person or firm into whose name securities or other properties are transferred to facilitate transactions, while leaving the customer as the actual owner. A nominee account is a type of account in which a stockbroker holds shares belonging to clients, making buying and selling those shares easier. In such an arrangement, shares are said to be held in street name.