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Locate Technologies Limited (ASX:LOC)

ALERT: Price-sensitive ASX Announcement for LOC
Current share price for LOC : $0.056 0 (0%)+
Announcement
Release
11 Dec 2025 2:11PM
Price at Release
$0.056
Full Release
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Summary
Locate Technologies Limited has announced that the scheme of arrangement, which involves the transition of the parent entity to Locate Technologies Limited (NZX: LOC), has become legally effective following approval by the Supreme Court of New South Wales and lodgment with ASIC. As a result, trading of the company's shares on the ASX will be suspended from the close of trading on 11 December 2025. The scheme's implementation date is set for 16 December 2025, with the delisting of Locate Technologies from the ASX expected the following day. A class ruling for CGT scrip-for-scrip roll-over relief from the Australian Taxation Office is in draft form and is anticipated to be finalised after the scheme's implementation. The scheme is part of Locate Technologies' efforts to enhance its corporate structure, leveraging AI and SaaS technologies to improve last-mile delivery and logistics. The first trading of Locate NZ shares on the NZX is expected to commence shortly after the implementation date.
Key Points
  • Scheme of arrangement approved by the Supreme Court of New South Wales.
  • Locate Technologies Limited (NZX: LOC) to become the parent entity.
  • Trading of shares on ASX suspended from 11 December 2025.
  • Implementation date scheduled for 16 December 2025.
  • Delisting from ASX expected on 17 December 2025.
  • Draft class ruling on CGT scrip-for-scrip roll-over relief from ATO.
  • First quotation of Locate NZ shares on NZX post-implementation.
  • Objective to enhance corporate structure using AI and SaaS technologies.
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.