1. Date of Report (Date of earliest event reported)
December 4, 2015
2. SEC Identification Number
3. BIR Tax Identification No.
4. Exact name of issuer as specified in its charter
Xurpas Inc.
5. Province, country or other jurisdiction of incorporation
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
7th Floor Cambridge Centre, 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
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 Shares 1,720,000,660
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 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Clarification of News Report

Source The Manila Times (Internet Edition)
Subject of News Report “Xurpas to raise funds ahead of 2016 polls”
Date of Publication Dec 3, 2015
Clarification of News Report

Xurpas Inc. (the "Company") is being asked to respond to news report quoted below.

“Xurpas Inc. wants to raise approximately $70 million (P3.3 billion) from a mix of equity offerings next year to be able to keep up with its regional expansion plans.

Emilio Federico “Ricky” Galang, president of SB Capital Investment Corp., told reporters on Thursday that Xurpas wants to do multiple equity fundraising before the May 2016 elections to “replenish its fund” for expansion deals across the Association of Southeast Asian Nations (Asean) region.

‘They’re growing fast, [with] acquisitions. They’re going to need money. It may be top-up or combination of secondary—any combination—as long as there will be primary to replenish their funds,’ Galang said.

‘[It would be] around another 10 percent float, about $70 million. That should be substantial enough for new liquidity, for foreign fun2ds . . . It has more sense to do it before elections next year,’ he said."

As quoted in The Manila Times article, Ricky Galang of SB Capital was the source of the information and not the Company. The Company has no engagement with Ricky Galang and/or SB Capital on any equity raising nor has the Company authorized the disclosure of the information mentioned in the article to any person or entity.

The Company would like to explain that, while it has always been the plan of Xurpas to raise additional capital should there be good opportunities in the horizon, either via debt or equity, at the moment there is nothing definitive on the said plans.

Other Relevant Information


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