ZNO 3.70% 2.8¢ zoono group limited

Ann: Zoono Group AGM Presentation, page-43

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    They're OTC or over the counter derivatives, basically they allow people to buy shares via an intermediary without buying them directly off of an exchange.
    https://www.kantox.com/en/glossary/over-the-counter-derivative-otc/
    If you couldn't for example buy shares in ASX companies from the US because of securities laws you go to the OTC provider who has a licence to buy them & they sell you an OTC which is backed by the the underlying shares. A bit like CFD's but without the leverage.

    It's a positive because it will create more demand & also broaden the shareholder base.
    No additional shares are issued, the provider would need to buy them in the marker like everyone else.
 
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