PT GoTo Gojek Tokopedia Tbk. (GOTO) has repurchased 880.27 million shares throughout January 2025. This move is part of the company’s ongoing buyback program.

According to the latest shareholder report, GOTO's treasury shares increased significantly over the past month. As of February 10, 2025, treasury shares rose to 21.17 billion, up from 20.29 billion in the previous month.

Between January 13 and January 31, 2025, GOTO shares traded within the range of IDR 78 to IDR 86 per share. Based on a simple calculation, GOTO's management is estimated to have spent between IDR 68.66 billion and IDR 75.7 billion on this buyback.

GOTO had previously announced a buyback program with an allocated fund of USD 200 million, approximately IDR 3.1 trillion based on an exchange rate of IDR 15,500 per USD.

Overall, GOTO has repurchased around 21.17 billion shares, with an estimated total expenditure ranging from IDR 1.18 trillion to IDR 1.27 trillion.

In November 2024, GOTO executed a treasury share withdrawal of 10.26 billion shares. These shares were acquired through a buyback before GOTO’s initial public offering in 2021.

Additionally, some of the withdrawn shares were part of the greenshoe option implemented during GOTO’s 2022 IPO to stabilize stock prices. As a result of these withdrawals, GOTO’s treasury shares decreased from 24.62 billion to 14.36 billion as of November 11, 2024.

SOURCE: BISNIS | PHOTO: GOTO

This article was created with AI assistance.