For personal use only

HUDSON INVESTMENT GROUP LIMITED

ASX Announcement

29 July 2022

QUARTERLY REPORT AND ACTIVITY STATEMENT FOR THREE MONTHS TO 30 JUNE 2022

Hudson Investment Group Limited (HGL or the Company) (ASX:HGL) releases its Activities Report and Appendix 4C - Quarterly report for entities subject to Listing Rule 4.7B.

CORPORATE HIGHLIGHTS

  • Potential of Residential Development Application (DA) for the Bowen Hills QLD properties in addition to the mix use DA, approved in 2021, to provide the Company with additional options with regard to the best use development of the property.
  • HGL now owns 100% of the Regent Street Property after HGL exercised the Option to purchase the remaining 70% of the Regent Street Property, in February 2022.

ABOUT HUDSON INVESTMENT GROUP LTD

HGL is an ASX-listed Company focusing on industrial, residential and commercial property development, and currently owns the following properties:

  • Unit 2, 171-175 Sparks Road, Halloran, New South Wales
  • 59 Mountain Road, Halloran, New South Wales (both collectively the Warnervale Properties);
  • 47 Brookes Street, Bowen Hills, Queensland
  • 41-43Brookes Street, Bowen Hills Queensland (both collectively the Bowen Hills Properties); and
  • 43 Regent Street, Woolloongabba, Queensland (the Regent Street Property)

Hudson Investment Group remains focused on developing its current property portfolio to strengthen its strategic positioning for future growth.

PAYMENTS TO RELATED PARTIES AND THEIR ASSOCIATES

Directors and services fees in the amounts of $96,000 were paid during the quarter ended 30 June 2022.

Approved and authorised for release by the Board of Directors.

For further information, please contact:

Alan Beasley - Managing Director

Telephone: + 61 2 9251 7177

Email:abeasley@higl.com.au

HUDSON INVESTMENT GROUP LIMITED

ACN 004 683 729

Level 5, 52 Phillip Sydney NSW 2000 Australia

T: +61 2 9251 7177 | F: +61 2 9251 7500 | www.higl.com.au | corporate@higl.com.au

For personal use only

Rule 4.7B

Appendix 4C

Quarterly cash flow report for entities subject to Listing Rule 4.7B

Name of entity

Hudson Investment Group Limited

ABN

Quarter ended ("current quarter")

25 004 683 729

30 June 2022

Consolidated statement of cash flows

Current quarter

Year to date ( 6

$A'000

months)

$A'000

1.

Cash flows from operating activities

1.1

Receipts from customers

316

706

1.2

Payments for

(a)

research and development

-

-

(b) product manufacturing and operating

(111)

(211)

costs

(c)

advertising and marketing

-

-

(d)

leased assets

-

-

(e)

staff costs

(47)

(153)

(f) administration and corporate costs

(125)

(204)

1.3

Dividends received (see note 3)

-

-

1.4

Interest received

2

5

1.5

Interest and other costs of finance paid

(70)

(137)

1.6

Income taxes paid

-

-

1.7

Government grants and tax incentives

-

-

1.8

Other (provide details if material)

-

-

1.9

Net cash from / (used in) operating

(35)

6

activities

2.

Cash flows from investing activities

2.1

Payments to acquire or for:

(a)

entities

-

-

(b)

businesses

-

-

(c) property, plant and equipment

(77)

(191)

(d)

investments

-

(2,800)

(e)

intellectual property

-

-

(f)

other non-current assets

-

-

ASX Listing Rules Appendix 4C (17/07/20)

Page 1

+ See chapter 19 of the ASX Listing Rules for defined terms.

For personal use only

Appendix 4C

Quarterly cash flow report for entities subject to Listing Rule 4.7B

Consolidated statement of cash flows

Current quarter

Year to date ( 6

$A'000

months)

$A'000

2.2

Proceeds from disposal of:

(a)

entities

-

-

(b)

businesses

-

-

(c)

property, plant and equipment

-

-

(d)

investments

-

1,019

(e)

intellectual property

-

-

(f)

other non-current assets

-

-

2.3

Cash flows from loans to other entities

-

408

2.4

Dividends received (see note 3)

-

-

2.5

Other (provide details if material)

-

-

2.6

Net cash from / (used in) investing

(77)

(1,564)

activities

3. Cash flows from financing activities

3.1 Proceeds from issues of equity securities

(excluding convertible debt securities)

-

-

3.2

Proceeds from issue of convertible debt

-

-

securities

3.3

Proceeds from exercise of options

-

-

3.4

Transaction costs related to issues of

-

-

equity securities or convertible debt

securities

3.5

Proceeds from borrowings

-

1,400

3.6

Repayment of borrowings

-

-

3.7

Transaction costs related to loans and

-

-

borrowings

3.8

Dividends paid

-

-

3.9

Other (provide details if material)

-

-

3.10

Net cash from / (used in) financing

-

1,400

activities

4. Net increase / (decrease) in cash and cash equivalents for the period

4.1

Cash and cash equivalents at beginning of

255

301

period

4.2

Net cash from / (used in) operating

(35)

6

activities (item 1.9 above)

4.3

Net cash from / (used in) investing activities

(77)

(1,564)

(item 2.6 above)

ASX Listing Rules Appendix 4C (17/07/20)

Page 2

+ See chapter 19 of the ASX Listing Rules for defined terms.

Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B

For personal use only

Consolidated statement of cash flows

Current quarter

Year to date ( 6

$A'000

months)

$A'000

4.4

Net cash from / (used in) financing activities

-

1,400

(item 3.10 above)

4.5

Effect of movement in exchange rates on

-

-

cash held

4.6

Cash and cash equivalents at end of

143

143

period

5.

Reconciliation of cash and cash

Current quarter

Previous quarter

equivalents

$A'000

$A'000

at the end of the quarter (as shown in the

consolidated statement of cash flows) to the

related items in the accounts

5.1

Bank balances

58

170

5.2

Call deposits

85

85

5.3

Bank overdrafts

-

-

5.4

Other (legal deposit held on trust)

-

-

5.5

Cash and cash equivalents at end of

143

255

quarter (should equal item 4.6 above)

6.

Payments to related parties of the entity and their

Current quarter

associates

$A'000

6.1

Aggregate amount of payments to related parties and their

96

associates included in item 1

6.2

Aggregate amount of payments to related parties and their

-

associates included in item 2

Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments.

Director fee $81,000 were paid to Alan Beasley, Wei Huang and John Farey for their services rendered. Services fee $15,000 were paid to an entity related to Wei Huang for the property services rendered.

ASX Listing Rules Appendix 4C (17/07/20)

Page 3

+ See chapter 19 of the ASX Listing Rules for defined terms.

Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B

only

7. Financing facilities

Note: the term "facility' includes all forms of financing arrangements available to the entity.

Add notes as necessary for an understanding of the sources of finance available to the entity.

7.1 Loan facilities

7.2 Credit standby arrangements

7.3 Other (please specify)

7.4 Total financing facilities

Total facility

Amount drawn at

amount at quarter

quarter end

end

$A'000

$A'000

11,125

10,384

-

-

-

-

11,125

10,384

For personal use

7.5

Unused financing facilities available at quarter end

741

7.6 Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well.

Facility: $6.925M

Lender: CBA

Interest rate: 2.5% p.a

Secured: Secured over investment properties in NSW

Maturity: 31 August, 2023

Facility: $4.2M

Lender: St George Bank

Interest Rate: 2.08%

Secured: Secured over investment properties in Queensland

Maturity: 19 July 2024

8.

Estimated cash available for future operating activities

$A'000

8.1

Net cash from / (used in) operating activities (item 1.9)

6

8.2

Cash and cash equivalents at quarter end (item 4.6)

143

8.3

Unused finance facilities available at quarter end (item 7.5)

741

8.4

Total available funding (item 8.2 + item 8.3)

884

8.5

Estimated quarters of funding available (item 8.4 divided by

N/A

item 8.1)

Note: if the entity has reported positive net operating cash flows in item 1.9, answer item 8.5 as "N/A". Otherwise, a

figure for the estimated quarters of funding available must be included in item 8.5.

ASX Listing Rules Appendix 4C (17/07/20)

Page 4

+ See chapter 19 of the ASX Listing Rules for defined terms.

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Hudson Investment Group Limited published this content on 29 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2022 01:23:04 UTC.