Shareholders Face Key Decision as Locate Technologies Board Endorses Acquisition
Locate Technologies has dispatched its Scheme Booklet to shareholders, outlining the proposed acquisition by Locate NZ and urging a vote in favour at the upcoming virtual meeting.
- Scheme Booklet dispatched to all Locate Technologies shareholders
- Locate NZ to acquire 100% of Locate Technologies shares
- Board unanimously recommends voting in favour of the Scheme
- Virtual Scheme Meeting scheduled for 1 December 2025
- Independent Expert’s Report supports the Scheme’s benefits
Scheme Booklet Dispatch Marks Key Step
Locate Technologies Limited (ASX – LOC) has taken a significant step forward in its proposed acquisition by New Zealand-incorporated Locate NZ, dispatching the Scheme Booklet to shareholders as ordered by the Supreme Court of New South Wales. This booklet details the terms of the Scheme of Arrangement under which Locate NZ will acquire 100% ownership of Locate Technologies, effectively becoming the new parent company of the group.
The dispatch process has been tailored to shareholder preferences, with electronic communications sent via email and hard copies posted to those who opted for physical documents. Shareholders who have not specified a preference received instructions on how to access the booklet online. The document is also publicly available on the company’s website, ensuring transparency and accessibility.
Board Endorses the Scheme, Pending Expert Confirmation
In a show of unified support, the Locate Technologies Board has unanimously recommended shareholders vote in favour of the Scheme. This endorsement is contingent on the Independent Expert maintaining their conclusion that the Scheme is in shareholders’ best interests. Notably, each director has committed to voting their shares in favour, signalling strong internal confidence in the transaction’s strategic value.
The Scheme Booklet includes the Independent Expert’s Report, which provides an impartial assessment of the Scheme’s fairness and benefits. Shareholders are urged to review this report carefully before casting their votes, underscoring the company’s commitment to informed decision-making.
Upcoming Virtual Scheme Meeting and Voting Details
The pivotal Scheme Meeting is scheduled for 10 – 00am Sydney time on Monday, 1 December 2025. Shareholders registered by 7 – 00pm on 29 November 2025 will be eligible to participate and vote. The meeting will be held virtually, reflecting modern governance practices and enabling broad shareholder engagement regardless of location.
Voting procedures and participation instructions are detailed in the Notice of Meeting within the Scheme Booklet. The company has also provided a dedicated investor contact email for any shareholder queries, reinforcing its open communication approach during this critical phase.
Strategic Implications for Locate Technologies
Locate Technologies operates at the intersection of AI, cloud infrastructure, and SaaS to revolutionise last-mile delivery and logistics management through platforms like Locate2u, Zoom2u, and Shred2u. The proposed acquisition by Locate NZ could streamline corporate structure and potentially unlock new growth avenues by consolidating ownership under a New Zealand parent company.
While the Scheme’s approval would mark a new chapter for the group, shareholders and market watchers will be keenly observing the final vote outcome and any subsequent regulatory developments. The company’s forward-looking statements caution that risks remain, including market conditions and regulatory changes that could influence the transaction’s ultimate success.
Bottom Line?
With shareholder approval imminent, Locate Technologies stands on the cusp of a transformative ownership change that could reshape its strategic trajectory.
Questions in the middle?
- Will the Independent Expert maintain their positive assessment ahead of the vote?
- How might the acquisition by Locate NZ impact Locate Technologies’ operational strategy?
- What are the potential regulatory hurdles that could affect the Scheme’s completion?
