KUALA LUMPUR (April 15): Electronics manufacturing services provider Aurelius Technologies Bhd (KL:ATECH) is planning a bonus share issue on the basis of two new shares for every existing share held, along with the issuance of bonus warrants on the basis of one free warrant for every share held.

The proposed bonus issuances will involve up to 867.46 million new Aurelius shares, and up to 433.73 million free warrants. The entitlement dates will be fixed and announced later, according to the group’s bourse filing on Tuesday.

As at April 3, Aurelius had an issued share capital of RM391.06 million comprising 433.52 million shares.

For illustrative purposes, based on the five-day volume weighted average market price of Aurelius shares of RM3.1571 on April 3, the theoretical ex-bonus share price will be about RM1.0524.

Meanwhile, the exercise price of warrants is assumed to be RM1.07 each, representing a premium of 1.68% to the theoretical ex-bonus price of RM1.0524. Based on this exercise price, and assuming full exercise, Aurelius expects to raise gross proceeds of RM463.87 million, which will be allocated for its working capital and funding for future investment.

In June 2024, Aurelius completed a private placement exercise involving up to 39.41 million new shares — representing not more than 10% of the total number of issued shares — raising gross proceeds of about RM132.01 million.

For the 12 months ended Dec 31, 2024 (FY2024), Aurelius’ net profit doubled to RM61.02 million from RM29.57 million a year ago, while its total revenue rose 128% to RM604.17 million from RM264.99 million in FY2023.

Shares of Aurelius were down four sen or 1.5% at RM2.71 at Tuesday’s midday break, giving it a market capitalisation of RM1.175 billion. Year-to-date, the stock has fallen 22.6%.