Interesting.Wavenet has 53,033,255 shares on issue.Shareholder...

Interesting.

Wavenet has 53,033,255 shares on issue.
Shareholder No 3 Wavenet holds 10,703,834.
Shareholder No 15 Wavenet holds 562,104.

Therefore Wavenet holds 11,265,938 Shares in itself? or 16.88% of the company.
Why would Wavenet hold shares in its own company?
Should the Number on shares on issue be reduced buy the 11.3 Mil?

I have never seen this before?

Any commets.