Because as the depository for ordinary shares backing the ADRs, those who hold RCEL shares (people like me) are the actual owners of those ordinary shares, not BNY. Evidently demand for RCEL has been less than initially expected. My assumption as to why they reduced their holdings.
Ann: Change in substantial holding, page-6
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Last
$2.60 |
Change
0.020(0.78%) |
Mkt cap ! $180.1M | |||
| Open | High | Low | Value | Volume |
| $2.59 | $2.63 | $2.56 | $229.1K | 88.76K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $2.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.60 | 18050 | 2 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| AVH (ASX) Chart |