Tune Talk today announced the establishment of an Employee Share Trust Scheme (ESTS), a strategic initiative designed not only to recognize employee contributions and position staff as equity participants, but also to strengthen long-term financial security for its workforce as the company accelerates its path toward an Initial Public Offering (IPO).
With employees contributing significantly to Tune Talk’s growth, the establishment of the ESTS reflects the company’s commitment to recognizing their hard work and ensuring they benefit directly from the value they help create.
The ESTS empowers employees to directly share in the company’s momentum, giving them a real stake in the value they help build as Tune Talk accelerates toward its next phase of growth.
The scheme reflects Tune Talk’s belief that modern, high-growth companies have a responsibility to look beyond short-term incentives and play a role in improving the economic resilience of their people. It also aligns with the Malaysian government’s broader efforts to address immediate financial wellbeing and encourage sustainable wealth accumulation among the workforce.
The First Founder-Led Commitment to Employee Ownership
As part of the ESTS, Co-founder and Chief Executive Officer Gurtaj Singh Padda have voluntarily transferred 4.15% of the total issued share capital of Tune Talk Sdn Bhd into a dedicated Trust Fund for the benefit of Tune Talk employees (“Beneficiaries”), executed pursuant to a formal Trust Deed.
We know that employees today want to feel the impact of their hard work now, not years down the line. This Trust is our way of giving our people something real and tangible in return for the commitment they show every single day.” said Gurtaj Singh Padda, Co-founder and CEO of Tune Talk. “At Tune Talk, we don’t believe employee welfare ends with monthly pay or statutory contributions. This Trust is our way of giving our people a meaningful stake in the long-term value of the company they are building.”
He added, “As we move towards an IPO, we are deliberately putting structures in place that allow our employees to grow financially alongside the business, rather than being left behind once value is created.”
The shares placed into the Trust will be held and managed by appointed Trustees, reinforcing Tune Talk’s commitment to long-term stewardship and responsible value sharing.
Objectives of the Employee Share Trust Scheme
The ESTS has been established to create a flexible structure that enables employees to participate meaningfully in the value they help generate, including the distribution of dividends or performance-based rewards ahead of the IPO, and to provide financial support to employee’s welfare where necessary. Upon IPO, the Trust will act as a vehicle to distribute the shares and subsidize Beneficiaries in acquiring shares pursuant to the ESOS framework.
As the first telco in Malaysia to introduce an ESTS of this nature, Tune Talk is establishing a new standard for employee value participation by offering immediate, tangible financial benefits alongside a clear pathway to equity ownership. The initiative ensures that employees share directly in the company’s momentum in real time, reinforcing Tune Talk’s commitment to recognizing their contributions with meaningful rewards as the organization moves toward its IPO.
For more information, visit https://www.tunetalk.com/lifestyle/rewards/insurance/free-insurance/ or follow @TuneTalk on Facebook, Instagram, and X.
