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)

May 14, 2021

2. SEC Identification Number

168063

3. BIR Tax Identification No.

000-065-142-000

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 flr PRYCE CENTER 1179 Chino Roces Ave. cor. Bagtikan St., Makati City Postal Code 1203

8. Issuer's telephone number, including area code

(+632) 8899-44-01

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	1,929,640,769
Treasury	94,859,231

11. Indicate the item numbers reported herein

Item no. 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 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
DOE’s approval of a 1-year Force Majeure under Service Contract 55
Background/Description of the Disclosure
Please be informed that the Department of Energy ("DOE") has approved the SC 55 Consortium’s request to declare a 1-year Force Majeure in relation to the latter’s Appraisal Work Program under petroleum Service Contract 55 which covers a block in offshore Southwest Palawan. This approval will extend the Consortium’s work program schedule by up to another year and enable the Consortium to better plan and steer through any unforeseen and unpredictable consequences of a prolonged COVID-19 pandemic. Earlier, the SC 55 Consortium requested the DOE to declare the aforesaid Force Majeure in view of the risks to the validity and optimization of a definitive drilling plan while the pandemic remains uncontained. The consortium originally committed to drill at least one well within the first two years of its Appraisal Work Program which became effective on 26 April 2020. Pryce Gases, Inc. (PGI), a subsidiary of Pryce Corporation, has a 25% participating interest in Service Contract 55. [PGI is principally engaged in the importation, distribution, and retail sale of liquefied petroleum gas or LPG.] Palawan55 Exploration & Production Corporation is the consortium's operator and has a 75% participating interest.
Other Relevant Information
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