ESGL Files Proxy Statement for Proposed Business Combination with De Tomaso Automobili

Core Viewpoint - ESGL Holdings Limited is pursuing a business combination with De Tomaso Automobili to enhance long-term shareholder value through the acquisition of a prestigious luxury performance brand [1]. Group 1: Business Combination Details - The Extraordinary General Meeting (EGM) for voting on the proposals related to the business combination is scheduled for June 10, 2025 [2]. - Upon completion, ESGL will be renamed OIO Holdings Limited and will trade on Nasdaq under the new tickers "OIO" for ordinary shares and "OIOWW" for warrants [2]. Group 2: Strategic Importance - De Tomaso's P72 and P900 hypercars are in high demand among top-tier collectors, indicating strong financial performance potential due to limited production and high pricing power [3]. - The acquisition represents a strategic expansion for ESGL from industrial sustainability into the ultra-luxury consumer sector [3]. - The structure of the combined company is designed for growth, featuring long-term shareholder alignment and performance-based earnouts [3]. Group 3: Company Backgrounds - ESGL Holdings Limited specializes in sustainable circular solutions across chemicals, electronics, and manufacturing sectors, focusing on transforming waste into high-value products [5]. - De Tomaso Automobili, founded in 1959, is known for its blend of Italian design and motorsport heritage, aiming to create emotionally resonant vehicles for a new generation [6].