Court Greenlights Locate Technologies’ Shift to NZX Holding Company
Locate Technologies secures court approval to transition its holding company to a newly listed New Zealand entity, marking a significant restructuring and ASX delisting.
- Supreme Court of NSW approves scheme of arrangement
- New Zealand-listed Locate Technologies Limited to become holding company
- ASX shares to be suspended and delisted post-implementation
- Scheme to become legally effective on 11 December 2025
- New shares to commence trading on NZX shortly after
Court Approval Signals Major Corporate Restructure
Locate Technologies Limited (ASX, LOC) has received a green light from the Supreme Court of New South Wales to proceed with its proposed scheme of arrangement. This legal endorsement paves the way for a significant corporate restructuring, whereby the company’s holding entity will shift from Australia to New Zealand. The new holding company, also named Locate Technologies Limited but listed on the New Zealand Exchange (NZX, LOC), is set to take control of the group.
Key Dates and Market Impact
The scheme is expected to become legally effective on 11 December 2025, coinciding with the suspension of Locate Technologies shares from trading on the ASX. Following this, the company’s shares will be delisted from the Australian market by 17 December. Shareholders will receive scrip consideration in the form of shares in the NZX-listed entity, with trading on the New Zealand Exchange anticipated to commence promptly after the scheme’s implementation on 16 December.
Strategic Rationale Behind the Move
Locate Technologies operates in the technology sector, specialising in AI-powered SaaS platforms that optimise last-mile delivery and logistics. The shift to a New Zealand holding company may reflect strategic considerations such as access to different capital markets, regulatory environments, or investor bases. While the announcement does not detail financial impacts, this move could influence the company’s valuation dynamics and shareholder composition.
What This Means for Shareholders
Shareholders should prepare for the transition from ASX-listed shares to NZX-listed shares, which may involve changes in trading liquidity and market exposure. The company has committed to keeping investors informed of any timetable changes and has provided contact details for further inquiries. This restructuring marks a new chapter for Locate Technologies, potentially positioning it for growth within the New Zealand market and beyond.
Bottom Line?
As Locate Technologies shifts its listing to New Zealand, investors will watch closely for how this move reshapes its market presence and growth trajectory.
Questions in the middle?
- How will the shift to NZX affect Locate Technologies’ valuation and liquidity?
- What strategic advantages does the New Zealand listing offer over the ASX?
- Will this restructuring lead to changes in corporate governance or operational focus?
