Gojek Partners to Receive GoTo Shares Worth Rp310 Bln
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5 April 2022 11:29 WIB
TEMPO.CO, Jakarta - GoTo Gojek Tokopedia on Monday announced that it will distribute their shares valued at Rp310 billion for Gojek ride-hailing partners or drivers.
GoTo group CEO Andre Soelistyo on Monday said that the program is part of the company’s ‘gotong royong’ or mutual cooperation shares meant to give loyal ride-hailing partners who meet the requirement.
Soelistyo claims that he had always wanted to see Gojek driver partners to reap benefits once the company initiates its IPO, Bisnis.com reported.
“Which is why GoTo through this program intends to show appreciation to partners that have worked together to build the GoTo ecosystem and had been loyal to us along the company’s ups and downs,” he stated in a press statement on April 4.
Drivers or partners for GoRide (motorcycle ride-hailing service), GoCar, GoSend, GoFood, and GoBox will receive company shares based on a number of factors with one of them being the duration of their partnership.
As many as 4,000 ‘series A’ GoTo shares given to driver-partners who have been registered as partners from 2010 to 2016, and 1,000 series A shares to driver-partners registered from 2017 to February 2022. The shares will be received by the driver-partners after the end of the eight month lock-up period, which is calculated from the GoTo IPO registration declaration noticed by the Financial Services Authority (OJK).
Partners overseas in Singapore and Vietnam will receive financial benefits in change. GoTo will also be partnering with financial experts to help partners understand and manage their finances and investments related to this program.
Read: GoTo IPO Today; Analyst Predicts Risk of Auto Rejection Compared to Bukalapak
BISNIS.COM
Editor's Note: The following news' title and content have been edited following an email from GoTo Group representative asking the article to be corrected by Tempo, dated April 06, 2022.
