Locate Technologies – Shareholder FAQ (NZX Listing & Redomicile)

On 3 December 2025, Locate Technologies Limited (New Zealand) is expected to commence trading on the NZX under the ticker "LOC". This listing forms part of the company's transition from Locate Technologies Limited (Australia) to a new New Zealand holding company structure.

The transition is being completed through a court-approved scheme of arrangement. Shareholders will vote on the scheme on 1 December 2025. If approved, the company will return to court on 10 December 2025 for final orders to transfer all shares from Locate AU to Locate NZ on a one-for-one basis. Following court approval, the Australian entity will be delisted from the ASX and shareholders will hold their shares directly in the New Zealand entity.

This move allows Locate Technologies to access capital markets that support our Bitcoin treasury strategy while continuing to grow our logistics technology platform globally.

Following final court approval, MUFG (our share registry) will contact shareholders with full details of their NZX-listed shares and instructions on linking them to a New Zealand broker.

For additional enquiries, please contact investors@locatetech.nz

Key Dates

  • 1 December – Scheme Meeting: Shareholders vote on the redomicile and restructure.
  • 3 December at 11:00am – NZX Listing: Listing: Locate Technologies Limited (NZ) expected to commence trading on the NZX under the ticker “LOC”.
  • 10 December – Court Approval: Final court orders sought to transfer shares from Locate AU to Locate NZ.
  • Post–Court Approval – MUFG will contact shareholders with share allocation details and broker linkage instructions.

Frequently Asked Questions

1. Why is Locate Technologies moving its holding company from Australia to New Zealand?

New Zealand provides access to capital markets that support our Bitcoin treasury strategy. The NZX allows companies to hold Bitcoin directly on their balance sheet, aligning with our long-term strategy to operate:

  • A high-growth logistics technology business, and
  • A complementary Bitcoin treasury business.

The move enhances strategic flexibility without shifting our operational footprint.

2. Why can't this Bitcoin treasury strategy be run in Australia?

The ASX treats Bitcoin as a cash-like asset, and its "cash box rule" restricts listed companies from holding more than 50% of assets in cash or cash equivalents.

This makes a Bitcoin treasury strategy impractical on the ASX.

The NZX does not impose this restriction, enabling both the logistics technology platform and the Bitcoin treasury strategy to operate side-by-side.

3. What happens to my shares in Locate Technologies Limited (Australia)?

If the scheme is approved, shareholders will receive one share in Locate Technologies Limited (New Zealand) for every one share held in Locate Technologies Limited (Australia).

4. Will the company remain listed on the ASX?

No. Once the restructure is completed and shareholders move to the New Zealand holding company, the company will delist from the ASX.

In future, the company may consider dual listings on additional global exchanges.

5. When will the NZX listing occur and at what price?

Subject to shareholder approval:

  • Listing is expected on 3 December at 11:00am.
  • Trading ticker: LOC.
  • Opening price: NZ$0.075.

The company has successfully raised NZ$1 million as part of the transition. This capital strengthens the company's balance sheet as it launches its Bitcoin treasury strategy and continues its operational growth.

6. What are the next steps after the NZX listing?

On 10 December, the company will seek final court approval to transfer all shares from Locate AU to Locate NZ.

Following approval:

  1. The restructure becomes effective.
  2. MUFG (our share registry) will contact shareholders with their NZX share allocation details.
  3. Instructions will be provided on how to link shares to a New Zealand broker.

Important:
Shareholders should ensure their email address is up to date with Automic, the current share registry for Locate AU, to ensure they receive all communications.

7. How can I trade my shares on the NZX?

Once your NZX shares are allocated, they can be traded through any New Zealand-accredited broker, including:

  • ASB Securities
  • Sharesies
  • Tiger Brokers
  • CMC Markets

These platforms support retail and institutional investors.

8. Are there tax implications for shareholders?

We have applied to the Australian Taxation Office (ATO) for a Class Ruling to confirm CGT rollover relief for Australian shareholders.

Based on advice from PwC, we expect this relief will be granted.

Shareholders outside Australia should obtain independent tax advice.

9. Does this mean the company is relocating its operations to New Zealand?

No.

Our headquarters, management team, and global operations remain in Australia and our existing international markets.

This change relates only to the holding company structure and capital markets access.

10. Will management or governance change after the move?

Our existing board and executive team will remain in place.

To support the NZX listing and strengthen local governance, we have appointed two new New Zealand-based directors to the board of the New Zealand entity.

Director profiles and the full board listing are available at:
👉 https://www.locatetech.nz/board-of-directors

11. How does this affect the company's strategy?

The restructure strengthens our dual-engine strategy:

Logistics Technology Platform

We will continue expanding our delivery optimisation and last-mile logistics technology globally.

Bitcoin Treasury

Once listed on the NZX, we will begin holding Bitcoin directly on our balance sheet, leveraging a supportive regulatory environment.

This combination positions Locate Technologies for long-term growth and value creation.

12. What happens if shareholders vote against the scheme?

If the scheme is not approved:

  • Locate Technologies will remain an ASX-listed company, and

The company will not be able to pursue its Bitcoin treasury strategy due to ASX restrictions.

Need Help or More Information?

Shareholders can contact us at:
📧 investors@locatetech.nz