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)
Nov 21, 2016
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 CityPostal Code1227
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 Shares
1,867,340,146
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 Transactions on November 21, 2016
Background/Description of the Disclosure
On November 21, 2016, a total of 520,000 common shares were bought pursuant to the buy-back program of Xurpas Inc. (the "Company").
Type of Securities
Common
Preferred0
Others0
Details of Share Buy-Back Transaction(s)
Date of Transaction
Number of Shares Purchased
Price Per Share
Nov 21, 2016
140,800
9.60
Nov 21, 2016
80,000
9.62
Nov 21, 2016
30,000
9.63
Nov 21, 2016
20,000
9.64
Nov 21, 2016
26,100
9.65
Nov 21, 2016
3,100
9.66
Nov 21, 2016
80,000
9.67
Nov 21, 2016
30,000
9.72
Nov 21, 2016
30,000
9.75
Nov 21, 2016
50,000
9.80
Nov 21, 2016
30,000
9.86
520,000
Effects on Number of Shares
Before
After
Outstanding Shares
1,867,340,146
1,866,820,146
Treasury Shares
300,000
820,000
Cumulative Number of Shares Purchased to Date 1
820,000
Total Amount Appropriated for the Buy-Back Program
Php170,000,000.00
Total Amount of Shares Repurchased
Php7,982,232.00
Other Relevant Information
The Buy-back program of the Company aims to improve shareholder value and is deemed appropriate given the substantial undervaluation of the Company's shares.
1 From the date when the share buy-back program commenced.