ATI delisting tender draws 9.16% of shares

Crossing set for 13 March.

Asian Terminals, Inc. said 177,612,478 common shares were validly tendered for its voluntary delisting tender offer as at 3:00 pm on 3 March 2026.

The tendered shares represent 9.16% of ATI’s total issued and outstanding listed shares, with the tender offer undertaken by Maharlika Investment Corporation and ATI as the bidders.

ATI said 101,189,675 tendered shares will be allocated to Maharlika Investment Corporation, whilst 76,422,803 tendered shares will be allocated to ATI.

It said the total of tendered shares, excluded shares, and other non-public shares represented 99.29% of ATI’s total issued and outstanding common shares, which exceeded the threshold required to complete the voluntary delisting.

ATI said the cross date for the tendered shares will be 13 March 2026, and the settlement date will be 17 March 2026, with ATI’s public float expected to fall to 0.74% on the cross date and share trading anticipated to be suspended from 13 March 2026 upon the crossing of tendered shares.