HAIFA, Israel, June 4, 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 pricing of a secondary offering of 6,975,000
ordinary shares at a price to the public of $40.00 per ordinary share, by certain selling
shareholders of the Company. The offering is expected to close on
or about June 8, 2021, subject to the
satisfaction of customary closing conditions. In connection with
the offering, the selling shareholders granted the underwriters an
option, exercisable for thirty (30) days after the offering
launch date, to purchase up to 1,046,250 additional ordinary
shares, at the public offering price, less underwriting discounts,
from the selling shareholders. ZIM is not offering any
ordinary shares in the offering and will not receive any proceeds
from the sale of shares in the 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 offering of these securities is being made pursuant to an
effective registration statement filed with the Securities and
Exchange Commission (the "SEC") and 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.
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.
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.