The link with Euroclear via this route is possible, but bear in mind that they also act as one of only two International Central Securities Depositories (i.e. non-jurisdictional) and as custodian, therefore their name will end up on many stocks' registers purely as agents of their clients, who are the underlying owners and who could be located anywhere globally; much like you will often see HSBC Nominees or J.P. Morgan Nominees in the Top 20 holders' listings for stocks - doesn't mean they have any direct beneficial interest.
That said, anyone who is a direct client of Euroclear is more than likely to be institutional, so still a positive sign!
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