SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

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)

Aug 29, 2017

2. SEC Identification Number

168063

3. BIR Tax Identification No.

000-065-142

4. Exact name of issuer as specified in its charter

PRYCE CORPORATION

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

17th Floor PRYCE CENTER 1179 Chino Roces Avenue corner Bagtikan Street, Makati City Postal Code 1203

8. Issuer's telephone number, including area code

(+632) 899-4401

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	2,000,000,000

11. Indicate the item numbers reported herein

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.

Pryce CorporationPPC

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 - PPC Philstar “Pryce mulls sale of memorial parks”

Source	philstar.com
Subject of News Report	Pryce mulls sale of memorial parks
Date of Publication	Aug 27, 2017

Clarification of News Report
We respond to your request for clarification of the news article entitled “Pryce mulls sale of memorial parks” posted in philSTAR.com on August 27, 2017 which reported in part that: “MANILA, Philippines - Pryce Corp. is open to selling its memorial parks to focus on expanding its liquefied petroleum gas (LPG) business, its top official said. While it is not in a hurry to sell the assets, the company has received the authorization from shareholders to sell the memorial parks in a recent stockholders’ meeting. Pryce chairman and CEO Salvador Escano told The STAR the company has no plans to expand the memorial parks business and would rather pour in funds in the LPG segment, its main income and revenue driver. ‘So that management would immediately act rather than call for a stockholders’ meeting, that’s why we asked for authorization. We are not actively seeking (to sell),’ he said. ‘But if we have any plans for expansion, we’d rather just put it in LPG,’ Escano said. The growth of the memorial parks business is much slower compared to that of LPG, the company official said. . . . . If sold, proceeds from the sale of memorial parks would be declared as cash dividends. ‘We will return majority of it to shareholders,’ Escano said.” We wish to confirm the statements of our Chairman, with the clarification that the authorization to sell the memorial parks was obtained already at the Annual Stockholders’ Meeting for 2016 held last June 23, 2016, and said authority was again mentioned and referred to in this year’s Annual Stockholders’ Meeting held last August 17, 2017. We trust that we have adequately satisfied your request. Thank you.
Other Relevant Information
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