Business · Companies · 1 hr ago
GoTo shareholders to consider capital reduction and deputy CEO’s resignation
GoTo, an Indonesian technology company, plans to hold an extraordinary shareholders’ meeting on Oct.
14, 2026.
Shareholders will consider cancelling 32,186,417,803 Series A treasury shares, which GoTo bought back between June 12, 2024, and June 11, 2025.
Cancelling the shares would reduce the company’s issued and paid-up capital and requires shareholder approval.
GoTo had earlier planned to use the bought-back shares for employee and management share ownership programs.
It later cancelled that plan, citing market conditions, the company’s interests and benefits for shareholders.
The meeting will also consider deputy CEO Catherine Hindra’s resignation; the company received her resignation letter on Aug.
28, 2026.
The meeting’s decisions will determine whether the share cancellation and resignation are approved.
GoTo shareholders are due to consider reducing the company’s capital and approving Deputy CEO Catherine Hindra’s resignation.
The extraordinary general meeting is scheduled for October 14, 2026, from 10:00 to 11:30 WIB.
The proposed capital reduction would cancel 32,186,417,803 Series A treasury shares bought back between June 12, 2024, and June 11, 2025.
GoTo said it had decided not to use the treasury shares for an employee and management share ownership program, citing market conditions and shareholder interests.
The company received Hindra’s resignation letter on August 28, 2026.
- Who
- GoTo shareholders. They will consider proposals concerning PT GoTo Gojek Tokopedia Tbk.
- What
- They will consider a capital reduction by cancelling treasury shares and approve Deputy CEO Catherine Hindra’s resignation.
- When
- The meeting is scheduled for October 14, 2026, from 10:00 to 11:30 WIB.
- Where
- Not stated
- Why
- The company cited current global and national market conditions, its interests and the goal of providing optimal benefits to shareholders. It did not state a reason for Hindra’s resignation.
This story does not have two clearly opposing sides.
Shareholders approved a plan to use treasury shares for an employee, director and commissioner share ownership program.
GoTo bought back the shares it now proposes to cancel.
GoTo disclosed its initial plan to use the buyback shares for the ownership program.
GoTo received Catherine Hindra’s resignation letter.
GoTo is scheduled to hold an extraordinary shareholders’ meeting to consider the capital reduction and Hindra’s resignation.
- Treasury shares proposed for cancellation
- 32,186,417,803 Series A shares
- Buyback period
- June 12, 2024–June 11, 2025
- Meeting date and time
- October 14, 2026, 10:00–11:30 WIB
- Resignation letter received
- August 28, 2026
- Deputy CEO
- Catherine Hindra
What people are saying
However, after considering and reviewing various factors, such as current global and national market conditions and all the dynamics taking place at present, the Company’s interests, as well as optimal benefits for all the Company’s shareholders, the Company decided to cancel the ESOP/MSOP Program Using Treasury Shares
Sources
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