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Locate Technologies Limited (ASX:LOC)

ALERT: Price-sensitive ASX Announcement for LOC
Current share price for LOC : $0.056 -0.012 (-17.65%)+
Announcement
Release
31 Oct 2025 6:07PM
Price at Release
$0.068
Full Release
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Summary
Locate Technologies Limited has dispatched a Scheme Booklet following the Supreme Court of New South Wales' orders for a shareholder meeting to vote on a proposed Scheme of Arrangement. This Scheme, which is recommended by the Board, involves Locate NZ acquiring all issued shares of Locate Technologies Limited. The Scheme Booklet has been distributed electronically or by post depending on shareholder preferences, with a virtual meeting set for 1 December 2025. Shareholders are advised to review the booklet and Independent Expert's Report before voting, and additional details are available on the company's website and through direct contact.
Key Points
  • Locate Technologies Limited has announced the dispatch of a Scheme Booklet as part of a proposed Scheme of Arrangement.
  • The Scheme involves Locate NZ acquiring 100% of the issued shares in Locate Technologies Limited.
  • The Supreme Court of New South Wales has ordered a meeting of shareholders to consider and vote on the Scheme.
  • The Scheme Booklet has been sent to shareholders electronically or by post, depending on their communication preferences.
  • The Board of Locate Technologies recommends that shareholders vote in favour of the Scheme.
  • The Scheme Meeting will be held virtually on 1 December 2025 at 10:00 am Sydney time.
  • Shareholders are encouraged to read the Scheme Booklet and Independent Expert’s Report before voting.
  • Further information about the Scheme can be accessed via the company's website and contact email.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.