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Xurpas Inc.X
PSE Disclosure Form 4-33 - Voluntary Trading Halt
| Subject of the Disclosure |
|---|
Voluntary trading halt in view of Xurpas' acquisition of a 51% stake in Storm Flex Systems, Inc. |
| Background/Description of the Disclosure |
On February 26, 2015, Xurpas and Storm signed a deal that would give Xurpas 37,565 shares or a 51% stake in Storm, for a total consideration of US$4.3. million. Storm is a human resource consultancy firm which has developed a proprietary platform called the "flex benefits system" that allows employees to convert their employee benefits to other benefits such as gadgets and dining, a private carpool system, doctor consultations on demand, and even donations for charitable causes. |
| Stock Symbol(s) of Affected Securities | X |
|---|
| Execution Date | Feb 27, 2015 |
|---|---|
| Execution Time | 9:00 a.m. |
| Lifting Date | Feb 27, 2015 |
| Lifting Time | 10:00 a.m. |
| Reason(s) for the request |
|---|
In light of the material transaction entered into by Xurpas, the Issuer requests for a trading halt to ensure that the investing public will fully understand the transaction. |
| Other Relevant Information |
|---|
N/A |
| Name | Mark Gorriceta |
|---|---|
| Designation | Assistant Chief Information Officer |