C06067-2017

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Oct 9, 2017
2. SEC Identification Number
A200117708
3. BIR Tax Identification No.
219-934-330
4. Exact name of issuer as specified in its charter
Xurpas Inc.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
7F Cambridge Centre Building 108 Tordesillas St., Salcedo Village, Makati City Postal Code 1227
8. Issuer's telephone number, including area code
(632) 889-6467
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common 1,803,654,504
11. Indicate the item numbers reported herein
Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Xurpas Inc.X

PSE Disclosure Form 9-1 - Share Buy-Back Transactions References: Section 9 of the Revised Disclosure Rules

Subject of the Disclosure

Share Buy-Back Transaction on July 18, 2017

Background/Description of the Disclosure

On July 18, 2017, Xurpas Inc. (the "Buyer") and Emmanuel Jean Allix ("Seller") executed a Deed of Sale for the reacquisition of 53,298,242 Xurpas shares.

Type of Securities

Details of Share Buy-Back Transaction(s)
Date of Transaction Number of Shares Purchased Price Per Share
Jul 18, 2017 53,298,242 0.50
53,298,242
Effects on Number of Shares
Before After
Outstanding Shares 1,856,952,746 1,803,654,504
Treasury Shares 10,687,400 63,985,642
Cumulative Number of Shares Purchased to Date 1 53,298,242
Total Amount Appropriated for the Buy-Back Program 26,649,121
Total Amount of Shares Repurchased 26,649,121
Other Relevant Information

The repurchase of shares is pursuant to an agreement with Mr. Emmanuel Michel Jean Allix.

Since Mr. Emmanuel Jean Michel Allix will be paid in cash instead of Xurpas shares, Xurpas has to re-acquire the unlisted shares previously issued to him to avoid double payment. Accordingly, Xurpas approved the buy back of its own shares at the lowest price possible, and with the least costs and appropriate taxes that may be incurred for the buy back, taking into consideration the agreement of the parties. The consideration for the buy back of Xurpas shares is part of the entire payment structure agreed upon by the parties, and is not an additional cost to Xurpas.

The disclosure was amended to reflect that Xurpas considers the repurchased shares as treasury shares; however, the transfer thereof from Mr. Allix to Xurpas in the Stock and Transfer Book is subject to the issuance of a Certificate Authorizing Registration.

1 From the date when the share buy-back program commenced.

Filed on behalf by:
Name Mark Gorriceta
Designation Assistant Chief Information Officer