Noteworthy Transactions

Public Listing/Capital Raising

Silver Chef Finance Group

Huntington acted for Silver Chef with its debt and equity capital issues in 2004 and through the years immediately after its float. The Company now has a market capitalisation of approximately $240 million ($11 million at the 2005 ASX float). Over recent years the involvement has been at board level is assisting Silver Chef with its various debt and equity capital raising activities. In particular we:

1  Structured and arranged Silver Chef’s $10 million unsecured note issue in May 2004. Wilson HTM acted as lead manager to the Issue

2  The group parent, Silver Chef Limited, raised $8 million in an equity and convertible note issue in April and May 2005 and listed on ASX on 31 May 2005

3  The Company has issued further debt since the original Note issue, the most recent being a $30 million Note issue managed by Fiig Securities in September 2012

PTB Group Limited

1  Acted for PTB Group in structuring and arranging the raising of approximately $4 million in equity capital over the four months to February 2005. PTB listed on the Newcastle Exchange in February 2005

2  In March 2006 Huntington completed the raising of $4.5 million in unsecured note funding, mainly to fund the expansion of PTB’s US engine rental pool

3  Since that time we have been active at director level in assisting PTB to rearrange its finances, in particular following the $16 million Emerald aircraft acquisition in October/November 2006

slideshow11PTB Group - engine in workshop

S8 Limited

1  Structured and arranged (with co promoters) the ASX listing of S8 Limited, a South-East Queensland-based property management services company

2  In December 2001, S8 was capitalised at $27 million. In December 2006 at the time of its takeover by MFS its capitalisation had increased to over $700 million

Agribusiness

Huntington and Executive Director Andrew Kemp have had significant agribusiness experience.

Australian Food & Fibre Ltd (‘AFF’)

Acted as CEO of the listed AFF for the three years after its corporatisation: divested non-core operations, cut corporate and operating costs by over $2 million per annum; with capital received from divestments (over $40 million) returned capital to shareholders. Core business reduced to irrigated cotton and horticulture.

Dunnicliff Cattle Enterprise

Advised the Principal on funding of the potential acquisition of the King Ranch northern Australian cattle properties.

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slideshow06

AFF cotton picker at Moree

Coutts Group/Queensland Stations Ltd

Acted for the Coutts Group on its acquisition of Queensland Stations Ltd which included seven Queensland cattle properties and 130,000 head of cattle.

Gurley Station Group, Moree

Acted for the Moree-based Gurley Station Group on the divestment of its cotton, grain growing and cattle feedlotting properties to Seed & Grain Moree

Issues Of Debt Securities

Structuring and arranging debt security issues is an important Huntington market niche. Over the last 10 or so years we have played a key role in structuring and arranging the following issues:

1  Silver Chef $10million Unsecured Note issue in 2004

2  PTB Finance Limited $4.5 million Unsecured Note issue in 2005

3  Silver Chef $5 million Convertible Note issue in 2005

4  Primelife $20 million Convertible Note issue in 2001

Huntington is also an investor in well-structured debt issues such as the above.

5  Since Andrew Kemp joined the board of Investors Central Limited (McGeachie group- an unlisted financier of motor vehicles) in August 2014, Huntington has assisted the group with capital raising. Huntington is an investor in IC's debt securities.