Approvals include Share Buyback Plan and changes to Boards of Commissioners and Directors
Jakarta, Indonesia, 11 June 2024 - PT GoTo Gojek Tokopedia Tbk (“GoTo” or “the Company”) successfully concluded its Annual General Meeting of Shareholders (“AGMS”) and Extraordinary General Meeting of Shareholders (“EGMS”) today. Shareholders approved all agenda items including a previously-announced share buyback, as well as changes to the Company’s leadership team.
Patrick Walujo, GoTo CEO, said “We are grateful for shareholders’ support and approval for all the agenda items tabled at today’s AGMS and EGMS, including our share buyback program and refreshed leadership structure. GoTo has made very significant progress over the past year, and we are well placed to continue on our trajectory towards long term sustainable growth throughout 2024 and beyond.”
Approvals were also given for GoTo’s 2023 Annual Report, ratification of the Consolidated Financial Statements of the Company and its Subsidiaries for the financial year ending December 31, 2023, and approval of the salaries and benefits of the Board of Directors, and honorarium and/or benefits of the Board of Commissioners.
In addition, shareholders approved Patrick Sugito Walujo, the Company’s CEO and President Director to become eligible to hold Series B shares, ensuring that the Company's existing management is represented among the holders of Series B shares.
Shareholders also approved all proposed changes to the composition of the Company’s Board of Commissioners and Board of Directors. These changes were due to the completion of the term of office of select members of the Board of Commissioners and Board of Directors as well as the resignation of one member from the Board of Commissioners.
With the aforementioned changes, the Company’s Board of Commissioners and Board Directors will be as follows, effective from the closing of the AGMS and EGMS 2024:
Board of Commissioners
Board of Directors
Agus D. W. Martowardojo, President Commissioner of GoTo, said: "Throughout 2023, GoTo successfully transformed its business and laid a strong foundation for long-term, sustainable, and profitable growth. The Company’s high quality growth, combined with its commitment to cost discipline, enabled it to successfully achieve positive adjusted EBITDA in the fourth quarter of 2023, exceeding its target.
“I also highly appreciate the On-Demand Services (ODS) business achievement which recorded a strong performance, maintaining positive adjusted EBITDA throughout 2023, before the allocation of corporate costs.
“I extend my sincere appreciation and thanks to all members of the Board of Directors and Commissioners for their efforts in upholding good corporate governance standards, as well as their contributions and hard work in growing GoTo's business. I am confident that the Board of Commissioners and Directors will continue to work closely together to strengthen GoTo's business, solidifying its position as a true leading homegrown technology champion, while spurring growth for Indonesia.”
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About GoTo Group
GoTo is the largest digital ecosystem in Indonesia. GoTo's mission is to ‘empower progress' by offering technology infrastructure and solutions that help everyone to access and thrive in the digital economy. The GoTo ecosystem provides a wide range of services including mobility, food delivery, groceries and logistics, as well as payments, financial services, and technology solutions for merchants. The ecosystem also provides e-commerce services through Tokopedia and banking services through its partnership with Bank Jago.
Contacts:
Media
GoTo Group: corporate.affairs@gotocompany.com
Investors/analysts
GoTo Group: ir@gotocompany.com
