ESGL Files Proxy Statement for Proposed Business Combination with De Tomaso Automobili
ESGL Holdings Limited (NASDAQ: ESGL) has filed a proxy statement for its proposed business combination with De Tomaso Automobili Holdings, a luxury performance car manufacturer. The merger will be voted on at an Extraordinary General Meeting on June 10, 2025. Key proposals include expanding share capital, potential share consolidation, and a name change to OIO Holdings Limited with new ticker symbols "OIO" and "OIOWW".
The strategic combination aims to merge ESGL's industrial sustainability focus with De Tomaso's ultra-luxury automotive brand, known for its P72 and P900 hypercars. The production-spec De Tomaso P72 is currently available for invite-only viewings at Miller Motorcars in Connecticut. Shareholders of record as of May 2, 2025, are eligible to vote on the proposals.
ESGL Holdings Limited (NASDAQ: ESGL) ha depositato una dichiarazione di delega per la sua proposta di fusione con De Tomaso Automobili Holdings, un produttore di auto di lusso ad alte prestazioni. La fusione sarà sottoposta a votazione durante un'Assemblea Straordinaria il 10 giugno 2025. Le proposte principali includono l'ampliamento del capitale sociale, una possibile consolidazione delle azioni e il cambio di nome in OIO Holdings Limited con nuovi simboli di borsa "OIO" e "OIOWW".
La combinazione strategica mira a unire l'attenzione di ESGL alla sostenibilità industriale con il marchio automobilistico ultra-lusso di De Tomaso, noto per le sue hypercar P72 e P900. La De Tomaso P72 in versione di produzione è attualmente disponibile per visite su invito presso Miller Motorcars nel Connecticut. Gli azionisti registrati al 2 maggio 2025 avranno diritto di voto sulle proposte.
ESGL Holdings Limited (NASDAQ: ESGL) ha presentado una declaración de poder para su propuesta de combinación empresarial con De Tomaso Automobili Holdings, un fabricante de autos de lujo de alto rendimiento. La fusión será votada en una Junta General Extraordinaria el 10 de junio de 2025. Las propuestas clave incluyen la ampliación del capital social, una posible consolidación de acciones y un cambio de nombre a OIO Holdings Limited con nuevos símbolos bursátiles "OIO" y "OIOWW".
La combinación estratégica busca fusionar el enfoque de ESGL en sostenibilidad industrial con la marca automotriz ultra lujosa de De Tomaso, conocida por sus hiperdeportivos P72 y P900. El De Tomaso P72 en versión de producción está disponible actualmente para visitas solo con invitación en Miller Motorcars en Connecticut. Los accionistas registrados al 2 de mayo de 2025 son elegibles para votar sobre las propuestas.
ESGL Holdings Limited (NASDAQ: ESGL)는 고급 성능 자동차 제조업체인 De Tomaso Automobili Holdings와의 예정된 사업 결합을 위한 위임장 성명을 제출했습니다. 합병은 2025년 6월 10일에 개최되는 임시 주주총회에서 투표될 예정입니다. 주요 안건으로는 자본금 확대, 주식 병합 가능성, 그리고 "OIO"와 "OIOWW"라는 새로운 티커 심볼을 가진 OIO Holdings Limited로의 사명 변경이 포함됩니다.
이번 전략적 결합은 ESGL의 산업 지속 가능성에 대한 중점과 De Tomaso의 P72 및 P900 하이퍼카로 유명한 초럭셔리 자동차 브랜드를 통합하는 것을 목표로 합니다. 생산 사양의 De Tomaso P72는 현재 코네티컷의 밀러 모터카즈에서 초대받은 사람만 관람할 수 있습니다. 2025년 5월 2일 기준 주주 명부에 등재된 주주들은 안건에 대해 투표할 자격이 있습니다.
ESGL Holdings Limited (NASDAQ : ESGL) a déposé une déclaration de procuration pour sa proposition de fusion avec De Tomaso Automobili Holdings, un fabricant de voitures de luxe haute performance. La fusion sera soumise au vote lors d'une assemblée générale extraordinaire le 10 juin 2025. Les propositions principales incluent l'augmentation du capital social, une éventuelle consolidation des actions, et un changement de nom en OIO Holdings Limited avec les nouveaux symboles boursiers "OIO" et "OIOWW".
Cette combinaison stratégique vise à associer l'engagement d'ESGL en faveur de la durabilité industrielle à la marque automobile ultra-luxe De Tomaso, réputée pour ses hypercars P72 et P900. La De Tomaso P72 en version de production est actuellement disponible uniquement sur invitation chez Miller Motorcars dans le Connecticut. Les actionnaires inscrits au registre au 2 mai 2025 sont éligibles pour voter sur les propositions.
ESGL Holdings Limited (NASDAQ: ESGL) hat eine Vollmachtserklärung für die geplante Unternehmenszusammenführung mit De Tomaso Automobili Holdings, einem Hersteller von Luxus-Hochleistungsfahrzeugen, eingereicht. Die Fusion wird auf einer außerordentlichen Hauptversammlung am 10. Juni 2025 zur Abstimmung gestellt. Zu den wichtigsten Vorschlägen gehören die Kapitalerhöhung, eine mögliche Aktiensplit und eine Namensänderung zu OIO Holdings Limited mit den neuen Börsentickern "OIO" und "OIOWW".
Die strategische Kombination zielt darauf ab, ESGs Fokus auf industrielle Nachhaltigkeit mit der Ultra-Luxus-Automarke De Tomaso, bekannt für die Hypercars P72 und P900, zu verbinden. Das Produktionsmodell des De Tomaso P72 ist derzeit nur auf Einladung bei Miller Motorcars in Connecticut zu besichtigen. Aktionäre, die am 2. Mai 2025 im Aktienregister eingetragen sind, sind stimmberechtigt.
- Strategic expansion from industrial sustainability into the lucrative ultra-luxury automotive sector
- De Tomaso's limited production hypercars command high pricing power
- Structure includes performance-based earnouts and increased visibility through Nasdaq listing
- Production-spec vehicle already available, indicating operational readiness
- Potential share dilution due to expansion of authorized share capital
- Possible share consolidation may be required to meet Nasdaq minimum bid requirements
- Risk of integration challenges between industrial sustainability and luxury automotive sectors
Filing highlights ESGL’s plan to acquire De Tomaso Automobili, an iconic luxury performance brand, via Nasdaq-listed combination to unlock long-term shareholder value
SINGAPORE, May 23, 2025 (GLOBE NEWSWIRE) -- ESGL Holdings Limited (Nasdaq: ESGL), a Singapore-based leader in sustainable circular solutions, has filed its proxy statement with the U.S. Securities and Exchange Commission in connection with its proposed business combination with De Tomaso Automobili Holdings, one of the most revered names in luxury performance cars.
The proposals will be voted on at an Extraordinary General Meeting (EGM) to be held on June 10, 2025, and include:
- Proposal No. 1: Expansion of authorized share capital to facilitate the issuance of shares for the acquisition
- Proposal No. 2: Share consolidation, if required, to ensure compliance with Nasdaq’s minimum bid price requirement
- Proposal No. 3: Proposed name change to align name of publicly traded entity
- Proposal No. 4: Adoption of a revised charter to reflect the future-forward structure of the combined company
- Proposal No. 5: Authority to adjourn the EGM to secure maximum shareholder support
Upon completion of the transaction, ESGL will be renamed OIO Holdings Limited and is expected to trade on Nasdaq under the new tickers “OIO” (ordinary shares) and “OIOWW” (warrants).
Why This Business Combination Matters
• Premium Brand, Global Demand: De Tomaso’s P72 and P900 hypercars are attracting top-tier collectors. Limited production and high pricing power position the brand for strong financial performance.
• A Strategic Leap: ESGL is expanding from industrial sustainability into ultra luxury consumer sectors.
• Designed for Growth: The combined company’s structure includes long-term shareholder alignment, performance-based earnouts, and Nasdaq visibility.
• Ready to Go: The production-spec De Tomaso P72 is now available for invite-only viewings at Miller Motorcars in Greenwich, Connecticut, with limited public displays to follow.
More information and voting instructions can be found at: https://www.cstproxy.com/esgl/2025
If you're a shareholder as of May 2, 2025, your vote matters.
About ESGL Holdings Limited
ESGL Holdings Limited (NASDAQ: ESGL) is a Singapore-based leader in sustainable circular solutions for the chemicals, electronics, and manufacturing sectors. Through its proprietary technology and ESG-first strategy, ESGL transforms waste into high-value circular products, enabling a low-carbon and resource-efficient future.
About De Tomaso Automobili
Founded in 1959 in Modena, Italy, De Tomaso is a storied automotive brand blending Italian design with motorsport heritage. Revived in 2014 under the leadership of Norman Choi, the company is committed to building emotionally resonant, mechanically pure vehicles for a new generation of enthusiasts.
Investor & Media Contacts:
ESGL Holdings Limited
Investor Relations: ir@esgl.asia
Website: www.esgl.asia
De Tomaso Automobili
Media Inquiries: media@detomaso-automobili.com
Website: www.detomaso-automobili.com
Instagram: @detomaso_official
Forward Looking Statements
Certain statements in this press release may be considered to contain certain “forward-looking statements” within the meaning of “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “target,” “believe,” “expect,” “will,” “shall,” “may,” “anticipate,” “estimate,” “would,” “positioned,” “future,” “forecast,” “intend,” “plan,” “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Examples of forward-looking statements include, among others, statements made in this press release regarding ESGL’s and De Tomaso Automobili’s expectations with respect to future performance, the anticipated financial impact of the proposed business combination, the satisfaction of the closing conditions to the share purchase agreement and the timing of the completion of the proposed business combination. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on ESGL management’s current beliefs, expectations, and assumptions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Actual results and outcomes may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. A further list and description of risks and uncertainties can be found in documents filed with the SEC by ESGL and other documents that ESGL may file or furnish with the SEC, which you are encouraged to read. Any forward-looking statement made by us in this press release is based only on information currently available to ESGL and speaks only as of the date on which it is made. ESGL undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise, except as required by law.
No Assurances
There can be no assurance that the proposed business combination will be completed, nor can there be any assurance, if the proposed business combination is completed, that the potential benefits of the business combination will be realized.
FAQ
What is the purpose of ESGL's business combination with De Tomaso Automobili?
When is the shareholder vote for ESGL's merger with De Tomaso scheduled?
What will be ESGL's new name and ticker symbol after the De Tomaso merger?
What are the main proposals being voted on at ESGL's EGM?
Where can investors view the De Tomaso P72 hypercar?
