GoTo shareholders approve executive resignation and treasury share cancellation

PT GoTo Gojek Tokopedia Tbk (GOTO) has concluded its Extraordinary General Meeting of Shareholders (RUPSLB), where shareholders approved the resignation of Vice President Director Catherine Hindra Sutjahyo.

In addition to the leadership change, shareholders approved a capital reduction through the cancellation of approximately 32 billion treasury shares, representing about 2.7 percent of the total outstanding shares. This move involves withdrawing treasury shares acquired during a buyback program conducted between June 12, 2024, and June 11, 2025.

President Director Hans Patuwo stated that the meeting's outcomes reflect shareholder confidence in the company's business direction and long-term value creation. President Commissioner Agus Martowardojo noted that the cancellation of treasury shares is intended to benefit shareholders by proportionally increasing their ownership stakes and participation in the company's future growth.