{
    "success": true,
    "data": {
        "id": 1734688,
        "msgid": "goto-announces-rp3-5-trillion-share-buyback-plan-1778594174",
        "date": "2026-05-12 19:10:24",
        "title": "GOTO Announces Rp3.5 Trillion Share Buyback Plan",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Business",
        "summary": "PT GoTo Gojek Tokopedia Tbk (GOTO) has announced a share buyback programme valued at up to Rp3.5 trillion, to be funded entirely from internal cash reserves, aiming to optimise its capital structure and better reflect the company's fundamental value in its share price. The plan requires shareholder approval at an Extraordinary General Meeting scheduled for 18 June 2026, with the buyback to occur over the following 12 months if approved, limited to no more than 10% of issued and paid-up capital. This move is expected to provide greater flexibility in capital management and enhance returns for shareholders, in compliance with prevailing regulations.",
        "content": "<p>PT GoTo Gojek Tokopedia Tbk (GOTO) plans to carry out a share\nrepurchase, or buyback, with a maximum value of Rp3.5 trillion. The\ncompany announced this in a disclosure of information to shareholders\nissued on 11 May 2026.<\/p>\n<p>Management explained that this corporate action will first seek\napproval from shareholders at an Extraordinary General Meeting of\nShareholders (EGMS) scheduled for 18 June 2026. If approved, the buyback\nwill be conducted over a 12-month period, from 19 June 2026 to 18 June\n2027.<\/p>\n<p>In the document, GOTO\u2019s management stated that the funds for the\nbuyback will come entirely from the company\u2019s internal cash and not from\npublic offerings or loans. The total funds prepared amount to Rp3.5\ntrillion, including transaction costs and intermediary services.<\/p>\n<p>The company stated that the number of shares to be repurchased will\nnot exceed 10% of the issued and paid-up capital, including treasury\nshares currently held by the company. As of 30 April 2026, GOTO recorded\nownership of 39.29 billion treasury shares, equivalent to 3.30% of the\ntotal issued and paid-up capital.<\/p>\n<p>Management explained that the buyback is intended to provide\nflexibility in capital management and to optimise the company\u2019s capital\nstructure. Additionally, this step is expected to make GOTO\u2019s share\nprice better reflect the company\u2019s fundamental value.<\/p>\n<p>\u201cThrough the Share Repurchase, the Company hopes that the Company\u2019s\nshare price performance can reflect the true fundamental value of the\nCompany,\u201d management wrote in the disclosure of information, quoted on\nTuesday (12 May 2026).<\/p>\n<p>In addition, GOTO aims to have greater flexibility and better options\nin managing capital and maximising better returns for shareholders.\nHowever, the implementation of the buyback will remain in accordance\nwith the provisions of POJK 29\/2023.<\/p>\n<p>For the execution of the buyback in the market, GoTo has appointed PT\nCiptadana Sekuritas Asia as the party to purchase shares through trading\non the Indonesia Stock Exchange during the buyback period.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/goto-announces-rp3-5-trillion-share-buyback-plan-1778594174",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}