HAIFA, Israel, June 10, 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 closing of the previously announced secondary
offering by certain selling shareholders of the Company (the
"Selling Shareholders"). The offering consisted of 8,021,250
ordinary shares at a price per ordinary share of $40.00, including 1,046,250 ordinary shares
underlying an option granted by the Selling Shareholders to the
underwriters, which was fully exercised. ZIM did not receive
any of the proceeds from the sale of ordinary shares by the Selling
Shareholders. The Company's ordinary shares are listed on the New
York Stock Exchange under the symbol "ZIM."
Citigroup, Goldman Sachs & Co., LLC., and Barclays acted as
global coordinators and Jefferies and Clarksons Platou Securities
acted as joint bookrunners for the offering.
The offering was made only by means of a prospectus which was
filed with the U.S. Securities and Exchange
Commission (the "SEC") and available on the SEC's website
at www.sec.gov. Copies of the final prospectus relating to
this offering 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 the offering was previously
filed with the SEC and declared effective on June 3,
2021. This press release does not constitute an offer to sell or
the solicitation of an offer to buy these 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.