ESGL signs definitive share purchase agreement with De Tomaso Automobili

ESGL Holdings and De Tomaso Automobili Holdings, and the shareholders of De Tomaso Automobili have signed a definitive share purchase agreement, pursuant to which ESGL has agreed to acquire the entire issued share capital of De Tomaso Automobili in exchange for the issuance of newly issued ordinary shares of ESGL, subject to certain closing conditions being satisfied. This transaction aims to enhance shareholder value and create a strategic partnership between ESGL and De Tomaso Automobili for future growth. The transaction has been unanimously approved by the directors of both companies and is expected to close in the second quarter of 2025, subject to necessary approvals and other customary closing conditions. The material terms of the share purchase agreement and the transactions contemplated thereby were publicly disclosed in a Form 6-K filed by ESGL with the Securities and Exchange Commission on February 27, 2025.