RE: 2nd update on EUA Aix Listing16 Jul 2025 15:26
WordSpaghetti
Posts:Β 437
Price:Β 5.05
No Opinion
RE: 2nd update on EUA Aix ListingToday 14:43
And until then the AIX MM needs to acquire shares to be able to sell onwards
Nonsense, this is what actually happens.
1. Custodian or Depository Setup
When a company like Eurasia Mining PLC (EUA) dual-lists on AIX, it designates a custodian or depository institution.
Shareholders (or a market participant) can transfer LSE-listed shares to this custodian, who then issues AIX-tradable equivalents β either:
As depository receipts, or
As electronically mirrored shares on AIX.
This creates a 1:1 backing of AIX shares with LSE shares, but the exchanges remain separate.
2. Voluntary Transfer (Not Accumulation)
AIX doesnβt go out and buy shares from the LSE.
Rather, investors, brokers, or market makers move LSE shares into the AIX system as needed to meet demand or supply.
The process is voluntary and manual, not automatic accumulation.
3. Role of a Market Maker
The appointed market maker (such as SkyBridge Invest for EUA) may move shares between the LSE and AIX systems to ensure liquidity.
They might buy shares on LSE, transfer them into the AIX custodian, and then sell them on AIX β but this is done as part of their market-making activities, not by the exchange itself.