GoTo's Shareholders: Who Holds Multiple Voting Rights?

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Reza Pahlevi 18/03/2022 14:40 WIB

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There are five multiple voting rights holders in GoTo: Andre Soelistyo, Kevin Bryan Aluwi, William Tanuwijaya, Melissa Siska Juminto, and PT Saham Anak Bangsa (SAB).

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New regulations regarding multiple voting rights shareholders (MVRS) grant founders majority voting rights in GoTo, despite their relatively small equity stake.

Five entities hold multiple voting rights in GoTo: Andre Soelistyo, Kevin Bryan Aluwi, William Tanuwijaya, Melissa Siska Juminto, and PT Saham Anak Bangsa (SAB).

In total, these five entities own only 6.29% of the shares after the initial public offering (IPO). However, due to the MVRS regulations, they control 58.01% of the voting rights.

William, a company commissioner, holds 14.56% of the voting rights. Andre holds 7.74%, Kevin 3.92%, and Melissa 1.38%. These three individuals currently serve on the board of directors.

SAB holds 30.42% of the voting rights. This company is owned by William, Andre, and Kevin, each holding one-third of SAB's total shares.

Finally, non-MVRS shareholders hold 41.99% of the voting rights, with their voting rights equal to their share ownership.

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."