GOTO - 10.26 bn share cancellation: 0.85% reduction

GOTO - 10.26 bn share cancellation: 0.85% reduction GoTo Gojek Tokopedia (GOTO) has announced a capital reduction by canceling 10.26 bn Series A treasury shares. These shares were initially repurchased before the 2021 IPO and through a greenshoe option post-IPO in 2022. Approved by shareholders on August 30, 2024, this action reduces GOTO's outstanding shares by 0.85%, bringing the total to approximately 1.19 bn shares listed on the Indonesia Stock Exchange, with 1.14 bn Series A shares and 50.57 mn Series B shares. (Source : Company) Comment : Even with a modest 0.85% reduction, GOTO's cancellation of 10.26 bn treasury shares slightly boosts EPS and signals shareholder-focused management, which can still enhance investor confidence.