Below is information regarding the transition of Locate Technologies Limited to the NZX. On the 17th of December 2025, all shares previously listed on the ASX have now been transferred to the NZX.
Below is information regarding how you can access your shareholding and other frequently asked questions from investors.
If you have any specific questions regarding your shareholding, please feel free to reach out to us at [email protected]
Many of our shareholders did not have their emails registered with our share registry in Australia, Automic. These shareholders will need to contact our New Zealand registry, MUFG Pension & Market Services (“MUFG”) or wait for a physical letter to be received in order to obtain details on how to access details of their shareholding.
Scheme Completion Summary
The court-approved scheme of arrangement transferring all shares from Locate Technologies Limited (Australia) (“Locate AU”) to Locate Technologies Limited (New Zealand) (“Locate NZ”) has now been completed. As a result of the scheme, shareholders now hold the same number of shares directly in Locate NZ as they did in Locate AU. The Australian entity has been delisted from the ASX, and Locate NZ shares are now recorded on the NZX share register administered by MUFG.
All future shareholder communications will come from either MUFG or Locate NZ.
Frequently Asked Questions
1. What has changed now that the scheme is complete?
With court approval received and the restructure now effective:
– All Locate AU shares have been transferred to Locate NZ on a 1:1 basis.
– The ASX listing of Locate AU has ceased, and Locate NZ is now listed on the NZX.
– Locate AU is now a wholly owned subsidiary of Locate NZ.
– MUFG has taken over registry administration for all shareholders.
– Shareholders can now link their NZX-listed LOC shares to a New Zealand-accredited broker to buy or sell shares.
– We also note that MUFG will enable shareholders to trade shares from December 2025. This new feature will allow investors to trade shares on the NZX.
2. How do I access my shareholding through MUFG?
Following completion, MUFG has issued each shareholder:
– Their Shareholder Reference Number (SRN) or Common Shareholder Number
– Instructions to log into MUFG’s Investor Centre..
You can view and update your details online via the Investor Centre.
To register a portfolio, click ‘Register’ and follow the instructions. Select “Locate Technologies Limited” from the Issuer drop down box to add your LOC holding. You will need your CSN/Holder Number and Authorisation Code (FIN) to complete the investor validation process.
Should you have any questions, please contact MUFG using the details below. Please quote your CSN/Holder Number (see top of this email) when contacting MUFG
| By phone: | +64 9 375 5998 from 8.30am to 5.00pm (NZT) Monday to Friday (excluding public holidays). |
| By email: | [email protected] |
| By mail: | PO Box 91976, Auckland, 1142, New Zealand |
| Website: | nz.investorcentre.mpms.mufg.com |
These instructions will have been sent to you by email if your email address was registered with Automic. If not, you will receive the information by physical mail. If you would like to receive it sooner, you can contact MUFG to arrange to access your holding and to update your email address.
3. How do I appoint or link a broker to trade my LOC shares on the NZX?
To trade Locate NZ shares on the NZX, shareholders must link their -registered holdings to a New Zealand-accredited broker, such as:
Steps:
1. Choose a broker and open an account.
2. Provide your MUFG SRN and matching personal details.
3. The broker submits a linkage request to MUFG.
4. Once linked, you may trade LOC on the NZX.
4. What if I held my shares through a custodian or Australian broker?
Australian brokers generally cannot trade Locate NZ on the NZX. If you held your shares in Locate AU through an Australian broker you will need to set up a new account with a New Zealand broker (see 3, above for a list of New Zealand brokers) in order to trade your shares.
If you hold your shares through a custodian, your custodian has been issued allocations in Locate NZ through MUFG. Your custodian will need to trade through the NZX on your behalf. If you have questions on how the arrangements will work you should contact your custodian.
5. Who should I contact if I need help?
Email [email protected] for all shareholder or registry related enquiries.
6. 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. The ATO has advised that the draft ruling they plan to issue confirms the availability of roll-over relief for eligible shareholders. The final ruling is expected shortly.
Shareholders should obtain their own independent tax advice.
7. 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
8. Why has Locate Technologies moved 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.
9. 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
We plan to acquire additional Bitcoin and hold it directly on our balance sheet, leveraging a supportive regulatory environment.
This combination positions Locate Technologies for long-term growth and value creation.
10. 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.