35 / 102
34
AEMULUS HOLDINGS BERHAD
A N N U A L R E P O R T 2 0 1 6
Additional Compliance Information
1. Material Contracts Involving Directors, Chief Executive or Major
Shareholders’ Interest
There were no material contracts entered into by the Company and its subsidiary involving interests of the Directors,
chief executive who is not a director or major shareholders, either still subsisting at the end of the financial year or
entered into since the end of the previous financial year.
2. Recurrent Related Party Transactions of a Revenue or Trading Nature
There was no recurrent related party transaction of a revenue or trading nature during the financial year ended 30
September 2016.
3. Utilisation of Proceeds
The listing of and quotation for the Company’s entire enlarged issued and paid-up share capital of RM43,885,000
comprising 438,850,000 shares on the ACE Market of Bursa Malaysia Securities Berhad was completed on 15 September
2015.
In conjunction with and as an integral part of the listing, the Company undertook a Public Issue of 87,790,000 new
ordinary shares of RM0.10 at an issue price of RM0.28 per ordinary share (“Public Issue”). Relevant details of the initial
public offering were set out in the Prospectus issued by the Company on 26 August 2015.
The gross proceeds from the Public Issue amounted to RM24.58 million and the status of the utilisation of the proceeds
raised as at 31 December 2016 was as follows:-
Description
Timeframe
for
Utilisation
Proposed
Utilisation
Actual
Utilisation
Deviation
Balance
to be
Utilised
RM’000 RM’000 RM’000
% RM’000
1.
Working capital
Within
24 months
12,881
10,574
–
–
2,307
2.
Research & Development
expenditure
Within
24 months
6,000
3,554
–
–
2,446
3.
Purchase of property, plant
and equipment
Within
24 months
2,000
498
–
–
1,502
4.
Marketing, branding
and promotion
Within
24 months
1,200
452
–
–
748
5.
Estimated listing expenses
Immediate
2,500
1,741
759
30.36
759
TOTAL
24,581
16,819
759
3.09
7,762
Note:-
^ The excess of RM 759,000 will be utilised for working capital purpose.
The utilisation of proceeds above should be read in conjunction with the Prospectus of the Company dated 26 August
2015. As stated in the Section 3.10.1 (e), page 27 of the Prospectus of the Company dated 26 August 2015:-
In the event if the actual listing expenses are higher than budgeted, the shortfall will be funded out of the portion
allocated for working capital. Conversely, if the actual listing expenses are lower than budgeted, the surplus will be
utilised for general working capital purposes.