FAQ


Shareholders

How can I get the current Xurpas stock price?

Xurpas’ common stock is listed and traded on the Philippine Stock Exchange under the symbol “X”.

Does Xurpas pay dividends?

On May 8, 2017, the Board of Directors of Xurpas Inc. approved the declaration of cash dividends in the amount of Php92,847,637.30, or Php0.05 per share in favor of Xurpas’ common stockholders of record as of May 23, 2017, payable on or before June 15, 2017.

How do I buy stocks of Xurpas?

You may contact a registered broker to purchase Xurpas stocks listed in the Philippine Stock Exchange.

When was the last annual shareholders meeting?

The last annual shareholders’ meeting was on May 10, 2017.

Who do I contact for additional information on the Company?

You may send us a message through our Contact Us section.

Investor Contact:

Erica Sarmiento

E-Mail: IR@xurpas.com

How many total outstanding shares does Xurpas have?

Xurpas (PSE symbol: X) is listed in the Philippine Stock Exchange with a total of 1,856,952,746 common shares outstanding.

What is the dividend policy of Xurpas?

The Company has adopted a dividend policy pursuant to which stockholders may be entitled to receive, upon declaration by the Company’s Board of Directors and subject to the availability of the unrestricted retained earnings, dividends equivalent to at least 30% of the prior year’s net income after tax based on the Company’s audited consolidated financial statements as of such year, except when: (i) justified by definite corporate expansion projects or programs approved by the Board; or (ii) when the Company is prohibited under any loan agreement with any financial institution or creditor, whether local or foreign, from declaring dividends without its consent, and such consent has not been secured; or (iii) when it can be clearly shown that retention of earnings is necessary under special circumstances obtaining in the Company, such as when there is a need for special reserves for probable contingencies.

The Company cannot provide assurance that it will pay any dividends in the future. In making a decision to declare dividends, the Board may consider various factors including the Company’s cash, gearing, return on equity and retained earnings, the results of its operations or the Company’s financial condition at the end of the year and such other factors as the Board may deem appropriate. The Company’s Board may, at any time, modify such dividend payout ratio depending upon the results of operations and future projects and plans of the Company.





Xurpas Information

When was Xurpas incorporated?

Xurpas was incorporated on November 26, 2001.

What were the details of the IPO of Xurpas?

Xurpas’ IPO was on December 2, 2014. The initial price offering was PhP 3.97 per share.





Financial Information

How do I get a copy of the earnings report?

You may download a copy of the earnings report from the Philippine Stock Exchange website or from our Financial Information section.

How can I get a copy of the SEC Filings?

You may download a copy of the SEC filings from the Philippine Stock Exchange website or from our SEC Filings section.

Who is the external auditor of Xurpas?

SyCip, Gorres, Velayo & Company (“SGV”) has been its external auditor since 2008. SGV is in compliance with the SRC requirement of rotating the handling partner every five consecutive years. The engagement partner who conducted the audit for the calendar year 2016 is Ms. Jessie D. Cabaluna (“Ms. Cabaluna”). She is also the recommended partner-in-charge for calendar year 2017.

The Board approved the re-appointment of SGV as the Company’s external auditor for 2017. The re-appointment of the SGV was presented and approved in the annual stockholders’ meeting held on May 10, 2017.

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