Go to Peopleverse Fund, a large shareholder of PT GoTo Gojek Tokopedia Tbk (GOTO), has released its large shareholding. The number of GOTO shares issued was 556,961,893 shares or the equivalent of 0.57% of their ownership in GOTO.
“Through the Indonesia Stock Exchange transactions, 556,961,893 Series A shares or 0.57% equity ownership of GPF in PT GoTo Gojek Tokopedia Tbk were transferred prior to the transaction, as part of the implementation of the stock options for GoTo employees and consultants,” wrote a statement from the management of the GoTo Peopleverse Fund.
Management explained that the transaction price ranged from Rp 2 to Rp 102 per share. This price is the strike price stipulated in each stock option agreement with the participants, as set forth in the GoTo IPO Prospectus.
“Transactions are made through market trading on the Indonesia Stock Exchange from December 7, 2022 to December 14, 2022,” it wrote in a statement.
“Current total ownership (direct and indirect) is 97,716,234,965 Series A shares or represents 8.25% equity ownership of GPF in PT Go to Gojek Tokopedia Tbk,” concluded the GoTo Peopleverse Fund.
FYI, GoTo is known to have a number of shareholders prior to the IPO. One of them is GoTo’s shareholder, the Goto Peopleverse Fund, with 106.9 billion shares or 9.03%.
In addition, there is Taobao China Holding Limited with an ownership of 104.7 billion or 8.84%, in favor of SVF GT Subco (Singapore) Pte. Ltd. 103.1 billion shares or 8.71%.
See also the video “GoTo mass layoffs of 1,300 employees, here’s why”: