C07508-2017

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)
Dec 14, 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 4-3 - Amendments to Articles of Incorporation References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Approval of the amendment to the Seventh article of the Articles of Incorporation of the Company increasing the Company's authorized capital stock to Php 2,098,000,000.

Background/Description of the Disclosure

Receipt from the Securities and Exchange Commission of the Certificate of Filing of the Amendment to the Seventh article of the Articles of Incorporation as well as the Certificate of Approval of Increase in Authorized Capital Stock.

Date of Approval by
Board of Directors
Dec 21, 2016
Date of Approval by Stockholders Feb 2, 2017
Other Relevant Regulatory Agency, if applicable -
Date of Approval by Relevant Regulatory Agency, if applicable N/A
Date of Approval by Securities and Exchange Commission Dec 13, 2017
Date of Receipt of SEC approval Dec 14, 2017
Amendment(s)
Article No. From To
7 Two Billion Pesos (Php 2,000,000,000) divided into two billion (2,000,000,000) shares, with a par value of One Peso (Php 1.00) per share Two Billion Ninety-Eight Million Pesos (Php 2,098,000,000) divided into two billion ninety-eight million (2,098,000,000) shares, with par value of One Peso (Php 1.00) per share
Rationale for the amendment(s)

To allow for the subscription by Josefina Multi-Ventures Corporation to 24,500,000 shares at the subscription price of Php 5.00 per share under the placing and subscription transaction disclosed to the Exchange last December 7, 2016, and, otherwise, to allow the company to expeditiously raise funds via stock subscriptions.

The timetable for the effectivity of the amendment(s)
Expected date of filing the amendments to the Articles of Incorporation with the SEC May 15, 2017
Expected date of SEC approval of the Amended Articles of Incorporation Dec 13, 2017
Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any

Infusion of fresh capital into the company.

Other Relevant Information

The previous disclosure was revised to reflect the date of the approval by the Securities and Exchange Commission of the amendment and the increase in authorized capital stock. Please find attached the Certificate of Filing of Amended Articles of Incorporation and the Certificate of Approval of Increase of Capital Stock which we received today, December 14, 2017.

Filed on behalf by:
Name Erica Encabo
Designation VP - Corporate Information and Compliance Officer