Trading Halt Signals Major Ownership Shift at Locate Technologies

Trading Halt and Corporate Restructuring

Locate Technologies Limited (ASX – LOC) has officially been suspended from trading on the Australian Securities Exchange as of the close of trading on 11 December 2025. This suspension follows the Supreme Court of New South Wales granting approval for a significant scheme of arrangement that restructures the ownership of the Locate Technologies group.

New Parent Entity Emerges

Under the approved scheme, Locate NZ, a listed New Zealand company, will assume the role of the new parent entity for the Locate Technologies group. This move effectively shifts the corporate control and listing focus from Australia to New Zealand, marking a notable change in the group's corporate structure.

Regulatory and Market Implications

The scheme of arrangement has been lodged with the Australian Securities and Investments Commission (ASIC), ensuring regulatory compliance as the transition proceeds. While the announcement confirms the structural change, it stops short of detailing the financial terms or the direct impact on shareholders, leaving some questions unanswered about the immediate consequences for investors.

What This Means for Shareholders

Shareholders of Locate Technologies will need to await further communications to understand how their holdings will be affected by the change in parent entity. The suspension of trading is a standard procedural step during such corporate reorganizations but introduces a period of uncertainty until the new structure is fully operational and market trading resumes under the new entity.

Looking Ahead

Market participants and analysts will be closely monitoring subsequent disclosures from Locate NZ and the group for clarity on strategic direction, financial impacts, and the timeline for relisting or resumption of trading. This restructuring could signal a strategic pivot or an effort to consolidate operations under a more regionally focused parent company.