HAIFA, Israel, June 1, 2021 /PRNewswire/ -- ZIM Integrated
Shipping Services Ltd. (NYSE: ZIM) (the "Company"), a global
container liner shipping company with over 75 years of experience,
announced today the launch of a secondary offering of 6,730,583
ordinary shares to be sold by certain selling shareholders of the
Company (the "Selling Shareholders"). The underwriters have a
30-day option period to purchase up to 1,009,587 additional
ordinary shares from the Selling Shareholders at the public
offering price, less underwriting discounts and commissions. The
Company will not receive any proceeds from this offering.
Citigroup, Goldman Sachs & Co., LLC., and Barclays are
acting as global coordinators and Jefferies and Clarksons Platou
Securities are acting as joint bookrunners for the offering.
The proposed offering will be made only by means of a
prospectus. Investors may obtain these documents for free by
visiting EDGAR on the SEC's website at www.sec.gov. A copy of
the prospectus may be obtained from: Citigroup Global Markets Inc.,
c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, New York 11717, by
telephone at 1-800-831-9146; Goldman Sachs & Co. LLC,
Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at
1-866-471-2526 or by email at prospectus-ny@ny.email.gs.com; and
Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY
11717, by telephone at 1-888-603-5847 or by email at
barclaysprospectus@broadridge.com.
A registration statement relating to these securities has been
filed with the SEC but has not yet become effective. These
securities may not be sold, nor may offers to buy be accepted,
prior to the time the registration statement becomes
effective. This press release does not constitute an offer to
sell or the solicitation of an offer to buy any securities, nor
shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About ZIM
ZIM is a global, asset-light container liner shipping company
with leadership positions in the markets where it operates. Founded
in Israel in 1945, ZIM is one of
the oldest shipping liners, with over 75 years of experience,
providing customers with innovative seaborne transportation and
logistics services with a reputation for industry leading transit
times, schedule reliability and service excellence.
Forward-Looking Statements
This press release contains, or may be deemed to contain
forward-looking statements (as defined in the U.S. Private
Securities Litigation Reform Act of 1995 and the Israeli Securities
Law, 1968). In some cases, you can identify these statements by
forward-looking words such as "may," "might," "will," "should,"
"expect," "plan," "anticipate," "believe," "estimate," "predict,"
"potential" or "continue," the negative of these terms and other
comparable terminology. These forward-looking statements, which are
subject to risks, uncertainties and assumptions about the Company,
may include projections of the Company's future financial results,
its anticipated growth strategies and anticipated trends in its
business. These statements are only predictions based on the
Company's current expectations and projections about future events
or results. There are important factors that could cause the
Company's actual results, level of activity, performance or
achievements to differ materially from the results, level of
activity, performance or achievements expressed or implied by the
forward-looking statements. Factors that could cause such
differences include, but are not limited to: market changes in
freight, bunker, charter and other rates or prices, new legislation
or regulation affecting the Company's operations, new competition
and changes in the competitive environment, the outcome of legal
proceedings to which the Company is a party, and other risks and
uncertainties detailed from time to time in the Company's filings
with the U.S. Securities and Exchange Commission, including under
the caption "Risk Factors" in its 2020 Annual Report filed with the
SEC on March 22, 2021.
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ZIM Contacts
Media:
Avner Shats
ZIM Integrated Shipping Services Ltd.
+972-4-8652520
shats.avner@zim.com
Investor Relations:
Elana Holzman
ZIM Integrated Shipping Services Ltd.
+972-4-865-2300
holzman.elana@zim.com
Leon Berman
The IGB Group
212-477-8438
lberman@igbir.com
ZIM-F
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SOURCE ZIM Integrated Shipping Services Ltd.