Matrix Concepts Holdings Bhd to issue bonus shares together with new warrants on the basis of one bonus share and one free warrant for every six Matrix Concepts shares. The property developer said in its exchange filing yesterday the exercise will see an issuance of up to 77.8 million new ordinary shares of RM1 each and up to 77.8 million five-year warrants. The bonus shares will effectively increase the company’s share capital up to a maximum of RM544.8 million, comprising 544.8 million shares of RM1 per share, from 461.4 million shares currently. The five-year warrants are expected to eventually increase the share capital by an additional RM77.8 million, assuming full exercise of the warrants during the five-year tenure. The company said the entitlement date for the exercise will be determined later.