OIO Group (ESGL) News & EventsESGLOIO Group

ESGL Holdings Changes Name to OIO Group, Nasdaq Ticker to OIO

ESGL Holdings announced its corporate name change from ESGL Holdings Limited to OIO Group and the change of its Nasdaq ticker symbol from "ESGL" to "OIO", effective March 10, 2026. The name and ticker change were approved by shareholders at the Company's Extraordinary General Meeting. There are no changes to the Company's share capital structure, including the class of shares, shareholder rights, or trading mechanics. The company said, "The transition to OIO Group reflects the Company's evolving strategic direction as it expands beyond its existing operations to support and grow distinctive operating businesses with long-term growth potential. The Company believes that public markets can provide a long-term platform to support and scale distinctive operating businesses with strong heritage and global potential. As previously announced, the Company and De Tomaso Automobili Holdings Limited are currently progressing through the steps of a proposed business combination, which forms part of the Company's broader strategic direction. The proposed transaction remains subject to customary closing conditions and approvals, and there can be no assurance that the transaction will be completed. Over time, the Company intends to evaluate additional strategic opportunities that complement its long-term vision of building a portfolio of distinctive operating businesses, while maintaining a disciplined approach to capital allocation and sustainable shareholder value creation. Through this evolving strategy, the Company seeks to build and steward a portfolio of distinctive businesses and brands with enduring heritage and long-term growth potential."

ESGL Holdings Court Verdict Favors De Tomaso

ESGL Holdings noted the unanimous jury verdict delivered in the U.S. District Court for the Southern District of New York in favor of De Tomaso Automobili Holdings Limited and its owner, Norman Choi. The jury rejected claims asserted by former CEO Ryan Berris, confirming that he held no equity interest in De Tomaso and had no contractual entitlement to the compensation alleged, including any bespoke limited edition supercar. The jury also found in favor of De Tomaso on its counterclaims for breach of fiduciary duty, awarding damages. This outcome resolves the previously disclosed litigation referenced in ESGL's public filings. The verdict confirms De Tomaso and Choi have been cleared of all allegations of fraud, dishonesty, or unjust action.

ESGL Subsidiary Launches JDP with De Tomaso for Sustainable Automotive Materials

Environmental Solutions, a wholly owned subsidiary of ESGL Holdings, announced the launch of a Joint Development Program, JDP, with De Tomaso Automobili to research and develop sustainable advanced automotive materials incorporating carbon nanotubes, CNTs.