Hi Boro Boy in Oz,
HSBC Custody Nominees (Australia) Limited buys and sells the KZA shares on the ASX on behalf of various corporate entities. HSBC holds the KZA shares in Custody and acts on behalf of the Nominees instructions.
The Bank of New York Mellon Corporation gives instructions to HSBC on whether to buy or sell Kazia shares (KZA).
Refer BNYM's Annexure B in today's Notice of change of interests of substantial holder, and see the daily movements listed as deposits of securities in the ADRs program for Kazia Therapeutics Limited.
BNYM has been increasing their KZA holdings continuously since October 2019, because of KZIA (US Holders) demand.
Note: HSBC also holds on behalf of Platinum Investments.
Regards.
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