ATN Holdings Inc. has secured regulatory approval to collapse its Class A and Class B common shares into a single class, removing a distinction in its capital structure while leaving its authorized capital unchanged.
The company said Thursday it received the Securities and Exchange Commission’s approval on Oct. 7 for the amendment of Article Seventh of its Articles of Incorporation. The SEC issued the corresponding Certificate of Filing of Amended Articles of Incorporation dated Oct. 6.
The amendment was approved by ATN Holdings’ board in September 2025 and subsequently ratified by shareholders representing at least two-thirds of the company’s outstanding capital stock at the annual stockholders’ meeting on Nov. 13, 2025.
Under the amended articles, the company will retain authorized capital stock of P1.2 billion. This remains divided into 7 billion common shares with a par value of P0.10 each and 5 billion preferred shares also valued at P0.10 per share.
The declassification therefore changes the structure of the common shares rather than the size of the company’s authorized capital.
The practical implications will depend on how the change is implemented in the market. ATN Holdings said it will coordinate with the Philippine Stock Exchange, Philippine Depository & Trust Corp., its stock and transfer agent, and other parties on the transition.
The work will cover security identifiers, trading and settlement arrangements, and the effective date of the change.
ATN Holdings said it will issue another disclosure once the implementation timetable is finalized.
The move simplifies the company’s share structure, but the immediate effect on trading will depend on the mechanics and timing of the transition. The SEC approval settles the corporate-law requirement. The market implementation comes next.
