In the Matter of Xurpas, Inc.
SEC-MSRD (Notice) • Securities and Exchange Commission Departments • Markets and Securities Regulation Department (MSRD) • Aug 27, 2014
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August 27, 2014 SEC-MSRD IN THE MATTER OF XURPAS, INC., registrant . REGISTRATION OF SECURITIES IN RELATION TO AN INITIAL PUBLIC OFFERING NOTICE Notice is hereby given that on August 27, 2014, a sworn Registration Statement was filed with the Securities and Exchange Commission by XURPAS, INC. for the registration of 172,000,066 common shares with a par value of P1.00 per share, broken down as follows: a) 34,400,000 shares that shall be offered and sold by way of an initial public offering at an offer price of up to P41.86; and b) 137,600,066 shares which shall not be included in the offer. The company expects to raise funds of up to P1,439,984,000.00 from the offering based on the maximum offer price of P41.86. According to the papers presented, Xurpas, Inc. is engaged in the business of creation and development of digital products and services for mobile end-users, as well as the creation, development and management of proprietary platforms for mobile operators. The following persons are the key officers/directors 1 of the corporation: Name Position Nico Jose S. Nolledo Chairman of the Board, President, Director Fernando Jude F. Garcia Corporate Secretary, Vice President for Technology, Director Raymond Gerard S. Racaza Treasurer, Vice President for Operations, Director Wilfredo Oposa Racasa Director Mercedita S. Nolledo Director Said Registration Statement and other papers/documents attached thereto are open for inspection by interested parties during business hours, and copies thereof shall be furnished to every party upon request at such reasonable fees as the Commission may prescribe. The Registration Statement and the Prospectus filed on August 27, 2014, and all updates therein may also be downloaded from www.xurpas.com. (SGD.) VICENTE GRACIANO P. FELIZMENIO, JR. Director Markets and Securities Regulation Department Footnotes 1. An application for the amendment of the Articles of Incorporation to increase the number of directors from five (5) to seven (7), in which the additional two (2) seats are reserved for Independent directors has been filed with the SEC on 26 August 2014 and is currently pending approval with our Company Registration and Monitoring Department. Published in The Manila Times on September 9 and 15, 2014.
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